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Added on the 16/09/2016 22:50:52 - Copyright : Reuters EN
Wall Street dropped on Thursday, weighed down by Apple as well as selling in Wells Fargo, Citigroup and other major banks as investors worried about the health of Deutsche Bank. Bobbi Rebell reports.
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. Stocks rose for the quarter. Bobbi Rebell reports.
A fresh slump in Deutsche Bank's share price sent European markets into a tailspin on Friday and left world stocks sliding toward their worst week in three months. David Pollard reports.
The German government has denied it is working on a rescue of Deutsche Bank as Germany's biggest lender boosted its balance sheet by selling its British insurance business. As Sonia Legg reports, Deutsche is facing a $14 billion fine from the U.S. Department of Justice and concerns over its funding pushed its shares to a record low on Tuesday.
The U.S. Department of Justice is asking Deutsche Bank to pay $14 billion to settle an investigation into its selling of mortgage-backed securities. As Sara Hemrajani reports, the claim far outstrips the bank's and investors' expectations.
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