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UBS AG

Deutsche Bank shares hit as markets fret over European banks

The CEO of Deutsche Bank reassured employees and markets that the company's finances were "rock-solid" as Europe's banks took another a beating in the stock market Tuesday.

Shares in Germany's biggest lender were down another 5 percent in afternoon trading in Europe. They're now down 23 percent since Jan. 28, the day bank reported a 6.8 billion euro ($7.5 billion) loss for 2015.

CEO John Cryan told employees in a message posted on the company's website that they can tell clients the bank's capital reserves and risk profile make it "rock-solid."

The bank's sagging shares reflect converging factors that are undermining bank shares across in Europe....

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