Topic: Deutsche Bank AG

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  • Five ways big banks' Libor scandal affects you

    London, this year's host of the Olympics, is also home to a bank scandal that threatens to rock the financial world as much as the Games influence the world of sports. Here's why: Libor (London Interbank Offered Rate) is a global benchmark for interest rates that reaches deep into the international financial system. Allegations that banks rigged those rates means that everyone from mortgage-holders and indebted students to cities and mutual funds may have had their interest rates unnaturally altered. Already tainted by other scandals, banks are under investigation because of charges that they profited illegally from their rate-rigging scheme. The mess further taints big banks and puts more strain on the credibility of the global financial system. Here are five ways the Libor scandal could affect you:

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  • Morgan Stanley lawsuit settled for $1.25 billion

    Morgan Stanley lawsuit over mortgage securities with the Federal Housing Finance Agency was settled for $1.25 billion, the company said Tuesday. The Morgan Stanley lawsuit was part of a larger one in which the government sued 18 financial firms for selling mortgage securities that turned toxic when the housing market collapsed.

  • Stocks pause rally on economic skepticism

    Stocks paused on Wall Street Monday as investors assessed whether stock valuations were overstating the recent improvement in the economy. Stocks have surged this year, boosted by an improving economy, Federal Reserve stimulus and record corporate earnings.

  • Energy Voices JPMorgan Chase accused of rigging energy markets

    JPMorgan Chase developed schemes to sell electricity at falsely attractive prices in Michigan and California, according to The New York Times. The market manipulation could result in JPMorgan Chase receiving penalties from the Federal Energy Regulatory Commission. 

  • Southern Europe digs in against further austerity, as IMF calls for relief

    But the EU has little room to give, as Europe waits for signals from September elections in Germany – the ultimate decider of Europe's economic direction.

  • Stocks soar, led by gains in technology

    Stocks rose sharply on Wall Street Wednesday, pushing the Standard & Poor's 500 index and Dow Jones industrial average to record highs. Technology stocks surged after network communication company Adtran reported earnings that were double what Wall Street analysts expected.

  • Stocks slide with slowdown in manufacturing growth

    Stocks opened April on a weak note, ending slightly lower after an industry group reported that US manufacturing growth cooled in March. Industrial stocks fell the most in the S&P 500.

  • Stocks rise; Dow logs longest winning streak in 2 years

    Stocks closed up on Wall Street Tuesday with the Dow barely extending its winning streak to eight days. Stocks have surged this year as investors became encouraged by a recovery in the housing market and a pickup in hiring.

  • Latin America Monitor Desperate for cash, Honduras to hawk bonds

    Honduras is broke, writes a guest blogger, and despite a recent credit downgrade it is now trying to privately place over $750 million in bonds.

  • Stocks rise with S&P 500 in longest winning streak since 2004

    Stocks rose on Wall Street Friday as the Standard & Poor's 500 index closed above 1,500 for the first time since the start of the Great Recession in 2007. Apple stock continued to decline, allowing Exxon Mobil to once again surpass the electronics giant as the world's most valuable publicly traded company

  • Stocks up; S&P 500 hits five-year high

    Stocks closed higher on Wall Street Thursday, sending the S&P 500 index to another five-year high. A good start to earning reports season helped push stocks up.