European shares rally back as German banks rebound
(Updates with closing prices)
* FTSEurofirst 300 index closes up 3 pct
* Deutsche Bank shares surge 11.8 pct on bond buyback
* Commerzbank shares jump 18 pct after results
* But FTSEurofirst still posts 4 pct weekly loss
By Sudip Kar-Gupta
LONDON, Feb 12 (Reuters) - European shares rebounded on Friday as Deutsche Bank and Commerzbank rallied, helping stock markets stage a partial recovery from stinging losses earlier in the week.
The pan-European FTSEurofirst 300 index ended 3 percent higher, rising back up off its lowest level in more than two years.
Fears about how well European banks can cope with slow growth and low interest rates had pushed European banking shares to multi-year lows this week. Continuación...