Deutsche Bank shares have pushed up 4.5 per cent this morning after Germany’s largest lender reassured investors it has sufficient cash to make coupon payments following a steep sell-off in its bonds.

Yesterday Deutsche shares fell 9.5 per cent amid a widespread sell-off in financial stocks and a sharp fall in its CoCo bonds, which sparked concerns that it may miss a coupon payment.

The shares are down 38 per cent so far this year.

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