European shares fall on Greece concerns, Deutsche Bank slides

lunes 27 de abril de 2015 04:54 GYT

* FTSEurofirst 300 falls 0.3 pct

* Deutsche Bank down 4.9 percent

* Volkswagen, HSBC advance

By Atul Prakash

LONDON, April 27 (Reuters) - European shares edged lower on Monday, with persistent concerns about Greece's debt situation prompting some investors to take profits after recent strong gains.

There were also stock-specific declines. Deutsche Bank fell 4.9 percent as investors doubted whether co-chief executives Anshu Jain and Juergen Fitschen would meet their new targets.

The German lender plans to cut 200 billion euros ($217.5 billion) in investment bank assets and exit a tenth of the countries in which it operates as part of a restructuring programme designed to boost earnings and cut risk.

Investors' focus stayed on Greece. German Finance Minister Wolfgang Schaeuble hinted on Saturday that Berlin was preparing for a possible Greek default, drawing a parallel with the secrecy of German reunification plans in 1989.

Greece looks set to run out of cash in the coming weeks. Euro zone finance ministers warned Greece on Friday that its leftist government will get no more aid until it agrees a complete economic reform plan.   Continuación...