(WSJ) FRANKFURT— Deutsche Bank AG’s shares rebounded Friday after hitting new multiyear lows earlier on reports that some major clients have moved to withdraw billions of dollars from the bank because of concerns about its stability.
Shares of the German lender gained 1.1% to €11 in afternoon trade, recouping earlier sharp losses. They have fallen more than 50% this year.
In New York, the bank’s U.S.-listed shares advanced 7% in morning trade. U.S. stocks advanced at the open, bucking the negative trend in European markets.
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