*Frankfurt- listed shares of Deutsche Bank were up 0.52 percent following support from major clients and rivals as the biggest German lender negotiates with the U.S. Justice Department over a $14 billion demand for mis-selling mortgage-backed securities. *London's FTSE was up nearly 2 percent, hovering around its record high, as investors cheered the idea of a...
The specter of a sudden freeze in the rapid-fire world in which big banks conduct business has frayed nerves in the market.
WASHINGTON, Oct 3- U.S. hospital chain Tenet Healthcare Corp and two of its Atlanta- area units will pay more than $513 million to resolve criminal charges and civil claims relating to a scheme to defraud the United States and pay kickbacks in exchange for patient referrals, the Justice Department said on Monday. The clinics received bribes and kickbacks from the...
WASHINGTON, Oct 3- U.S. hospital chain Tenet Healthcare Corp and two of its Atlanta- area units will pay over $513 million to resolve criminal charges and civil claims relating to a scheme to defraud the United States and to pay kickbacks in exchange for patient referrals, the Justice Department said on Monday.
The U.S. Justice Department's potential fine is just one step in a much more arduous journey, newsletter publisher Raoul Pal tells CNBC.
Amb. Robert Kimmitt, Former U.S. Deputy Treasury Secretary and Former Ambassador to Germany, discusses the German response to all the news swirling around Deutsche Bank.
German politicians have accused the US of waging economic war against Germany over the future of Deutsche Bank, its biggest lender, The FT reports.
WASHINGTON, Sept 30- Volkswagen AG confirmed late Friday it will make $1.21 billion in payments to 652 U.S. brand dealers as part of its $16.5 billion diesel emissions settlement to date. Separately, the U.S. Justice Department, Federal Trade Commission and lawyers for owners of 475,000 polluting diesel cars were filing legal papers late Friday asking a federal...
JUSTICE DEPARTMENT, FEDERAL TRADE COMMISSION ASK FEDERAL JUDGE TO GRANT FINAL APPROVAL TO $14.7 BILLION DIESEL EMISSIONS SETTLEMENT: COURT DOCUMENTS.
NEW YORK, Sept 30- 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. Germany's largest bank has been engulfed by crisis after earlier this month receiving a demand for up to $14 billion by the Department of Justice. U.S. stocks had sold off sharply on Thursday, after...
Sept 30- 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. Germany's largest bank has been engulfed by crisis after earlier this month being handed a demand for up to $14 billion by the Department of Justice. U.S. stocks had sold off sharply on Thursday, after...
The euro erased losses against the dollar after hitting a nine-day low on reduced concerns surrounding Deutsche Bank's health.
Chris Whalen said Friday statements made by politicians are responsible for the global market panic centered around Deutsche Bank.
*Deutsche Bank nears $5.4 bln settlement with DOJ- AFP. Sept 30- Wall Street rallied on Friday as a bounce in Deutsche Bank shares powered financial stocks. 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.
Sept 30- Wall Street extended gains on Friday as a bounce in Deutsche Bank's shares helped lift financial stocks amid broad gains across sectors. Deutsche Bank's U.S-listed stock surged 12.3 percent after French news agency AFP reported that the bank was nearing a settlement with the U.S. Department of Justice regarding mortgage bonds.
Cramer says Deutsche Bank won't pay the $14 billion settlement due to the friendship between President Barack Obama and Angela Merkel.
Cognizant shares fell as much as 12.3 percent to $48.25 in early trading, their lowest in two years. The company said it was investigating whether certain payments relating to facilities in India were made improperly. Cognizant said it had notified the United States Department of Justice and the United States Securities and Exchange Commission about the...
The Financial Times Gillian Tett provides perspective to Deutsche Bank's worries. And CNBC's Annette Weisbach reports nervousness is growing about capital concerns despite CEO John Cryan's letter to reassure employees.
Richard Clarida, Pimco, weighs in on Deutsche Bank worries as a huge fine looms from the Justice Department. And Clarida draws a distinction between DB's problems and Lehman Brothers.
Och-Ziff also plans to enter into a differed prosecution agreement with the U.S. Department of Justice later Thursday to resolve related criminal charges in federal court in Brooklyn and pay an additional $213 million fine, according to the Securities and Exchange Commission. The SEC said Chief Financial Officer Joel Frank agreed to settle civil charges.