This file photo taken on Jan. 28, 2016 shows the headquarter building of Deutsche Bank, Germany's biggest lender in Frankfurt. / AFP / DANIEL ROLAND
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Shares in Deutsche Bank rose Tuesday after major clients and even rivals voiced support for the lender, fearing contagion after concern over its future last week sent the stock to a record low.Germany's largest bank has been engulfed by a crisis of confidence after the U.S. Department of Justice (DOJ) last month demanded up to $14 billion to settle claims that Deutsche missold U.S. mortgage-backed securities before the financial crisis.Deutsche's Frankfurt-listed shares closed up another 1.5 percent on Tuesday.Analysts at HSBC said that despite Deutsche's operational shortcomings fears over the bank's solvency were overdone.
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