Wall St Week Ahead-A Deutsche Bank settlement overshadows U.S. equities



Deutsche Bank will likely cast a pall over equity markets next week as the largest German lender navigates a possible multi-billion dollar settlement with the U.S. Department of Justice over the sale of mortgage-backed bonds.
Deutsche shares traded in the United States hit a record low on Thursday, falling as much as 24 percent since the DOJ asked the bank to pay $14 billion to settle charges related to its sale of toxic mortgage bonds before the financial crisis.
But the stock had its best day in five years Friday, on record volume, after news agency AFP reported that Deutsche was nearing... read more

 
30 September 2016 in World News, Views: 46
Source: Reuters
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