Deutsche Bank shares plunge before rumours of reduced settlement prompt rally



Deutsche Bank shares staged a dramatic recovery on Friday afternoon after reports emerged that it could only have to stump up 5.4 billion US dollars (£4.1 billion), rather than 14 billion US dollars (£10.5 billion), as part of a US Department of Justice settlement.
The German lender's shares had slipped to 9.98 euro at one point, their lowest level since the 1980s, but recovered and were trading 7.5% up at 11.70 euro in afternoon trading.
Deutsche's US shares were 12.89% up at 12.96 US dollars.
The morning collapse followed reports overnight that 10 hedge funds had reduced their exposure to... read more

 
30 September 2016 in Yorkshire & Humber, Views: 31
Source: Batley News
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
            1 2 3
    4 5 6 7 8 9 10
    11 12 13 14 15 16 17
    18 19 20 21 22 23 24
    25 26 27 28 29 30