Wall Street rallies as Deutsche Bank rebounds

Wall Street rallies as Deutsche Bank rebounds
 

Wall Street rallied on Friday as a bounce in Deutsche Bank shares powered financial stocks.
Deutsche Bank's U.S.-listed shares surged as much as 15.2 percent after French news agency AFP reported that the bank was nearing an agreement with U.S. officials to pay $5.4 billion to settle charges related to selling toxic mortgage bonds before the financial crisis.
The stock had lost more than 22 percent in the past two weeks after the U.S. Department of Justice demanded $14 billion from the German lender to settle the charges.
Deutsche Bank's German-listed stock recovered smartly from record... read more

 
30 September 2016 in World News, Views: 35
Source: Reuters
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