European bank shares fall as market jitters return

Deutsche Bank and UBS among those hit, while FTSE 100 dragged down

• Business live updates: banking sell-off intensifies

A sharp sell-off of European banking shares resumed on Friday as market jitters about the health of the sector refused to go away.

Germany’s Deutsche Bank was one of the worst hit, with shares down 14%, while UBS, the Swiss bank that staged an emergency takeover of rival Credit Suisse last week – was down 7%.