German Banks Lose Nearly $21 Billion in 90 Days

``Fear struck local markets as shares in Commerzbank and Deutsche Bank -- the country's two biggest lenders -- plummeted again. Deutsche Bank lost 4%, hitting an all-time low reminiscent of the financial crisis of 2009. Commerzbank fell by nearly 5%, closing at the lowest level the company has seen in over two years... Meanwhile, Barclays has closed down 5%, Standard Charted nearly 6%, and HSBC, RBS, and Lloyds about 4%. The Swiss bank UBS has also slumped, plummeting almost 7% after reporting an unexpected outflow of funds from its primary wealth management business.''