The price of shares and bonds related to two of Europe’s largest property lenders took a fall in recent days, and worries about their exposure to distressed U.S. commercial real estate are to blame.
Shares in Deutsche Pfandbriefbank AG have dropped 17% in the past five days, while bonds in Aareal Bank dropped 10 cents euro (11 cents U.S.) to 76 cents euro (82 cents), Bloomberg reported. Both companies are based in Germany, and property lending makes up a major part of their businesses. 
Morgan Stanley held a call with clients on Tuesday advising them to sell Deutsche PBB bonds, Bloomberg reported. The following day, PBB put out an unscheduled…