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Deutsche Bank Aktiengesellschaft (DB)
- Fortune
Deutsche Bank staring down $1.4 billion fine as judge rules it might have underpaid for a 14-year-old acquisition by more than half
Germany’s biggest lender got a shock when a preliminary ruling suggested it could be on the hook for a massive fine.
- Reuters
Morning Bid: Yen bounces from 160 per dollar in busy Fed-led week
A week jam-packed with major market events kicked off with some wild action in Japan's yen during a public holiday there, with a withering drop in the currency to 34-year lows of 160 per dollar meeting predictable intervention speculation that triggered an equally eye-watering rebound. With no official yen purchases yet confirmed, market chatter presumed there had been at least some shot across the bow as the currency's fall since Friday's anodyne Bank of Japan meeting threatened to go into tailspin. Japan's top currency diplomat Masato Kanda declined to comment when asked if there had been any action.
- Reuters
MORNING BID AMERICAS-Yen bounces from 160 per dollar in busy Fed-led week
A week jam-packed with major market events kicked off with some wild action in Japan's yen during a public holiday there, with a withering drop in the currency to 34-year lows of 160 per dollar meeting predictable intervention speculation that triggered an equally eye-watering rebound. With no official yen purchases yet confirmed, market chatter presumed there had been at least some shot across the bow as the currency's fall since Friday's anodyne Bank of Japan meeting threatened to go into tailspin. Japan's top currency diplomat Masato Kanda declined to comment when asked if there had been any action.
