Wall Street rallies, led by Deutsche Bank, financials

Wall Street rallies, led by Deutsche Bank, financials
 

Wall Street rallied on Friday, lifted by a surge in Deutsche Bank shares and financial stocks after concerns eased about the health of the German bank.
The S&P financial sector gained 1.4 percent, its best day in about two months.
Deutsche Bank's U.S.-listed shares jumped 14 percent a day after sinking to a record low.
French news agency AFP reported that Deutsche Bank was nearing a $5.4 billion settlement with U.S. officials over charges related to selling toxic mortgage bonds. Germany's largest bank has been engulfed by crisis after earlier this month receiving a demand for up to $14... read more

 
30 September 2016 in World News, Views: 42
Source: Reuters
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