German bank shares drop

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Source: Dukascopy Bank SA




On Tuesday, the stock price for Deutsche Bank dropped 1.90%, and Commerzbank lost 3.20%.

The drop was caused by the US investment firm Cerberus selling its holdings in the two banks. The company sold a total of $500 million worth of shares. In the future the firm would hold 2.00% of Deutsche bank and 3.00% of Commerzbank.
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