16 September 2016, 03:51 GMT
MOSCOW (Sputnik) – The shares sank following a Focus magazine report that Merkel would not provide Deutsche Bank with state aid.
According to the magazine, the chancellor is not going to get the state involved in the bank's $14-million dispute with the US Department of Justice over the its issuance and underwriting of residential mortgage-backed securities.
Deutsche Bank's financial situation has been raising concerns for months with its share prices falling by more than 50 percent this year.
Earlier this year, the International Monetary Fund (IMF) called Deutsche Bank the riskiest bank of those that are capable of causing the whole banking system to collapse. It was also one of two big banks that failed financial strength tests.
