The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
Today's rally clearly indicates that the market is happy for the moment with just a partial deal. But the Dow gave up 200 of its 500-point gain in the final half hour as...Trader Talk with Bob Pisaniread more
While Warren's ad about Facebook isn't true, the company's own policy allows politicians to make such false claims in paid advertising.Politicsread more
California's Tehachapi Pass is already home to one of the largest wind farms in the world, and now Amazon is coming, building a huge wind project in the area. How...Powering the Futureread more
Fisher was initially defiant amid the backlash in an interview with Bloomberg, in which he said he had "given a lot of talks, a lot of times, in a lot of places and said stuff...Personal Financeread more
The Japan Meteorological Agency warned of dangerously heavy rainfall in Tokyo and surrounding regions as a powerful typhoon lashes Japan. A coastal earthquake also rattled the...Weather & Natural Disastersread more
Boeing's board removed CEO Dennis Muilenburg as chairman amid the fall out of two 737 Max crashes that killed 346 people.Aerospace & Defenseread more
Turkish forces claimed to have taken control of a key Syrian border town Saturday as their assault against Kurdish fighters in the region continued. The capture of the town...World Politicsread more
Investigators in Manhattan after examining Giuliani's efforts to undermine the American ambassador to Ukraine, Marie L. Yovanovitch, and if he broke laws in place to prevent...Politicsread more
The news comes one week after PayPal announced its withdrawal as government regulators continue to scrutinize the plans.Technologyread more
The U.S. and China agreed on a "substantial phase one" trade deal that delays tariff hikes set to kick in next week.Marketsread more
The Justice Department has suggested that Deutsche Bank pay $14 billion to settle a number of investigations related to mortgage securities, the bank confirmed on Thursday.
Deutsche said in a statement it "has no intent to settle these potential civil claims anywhere near the number cited." The bank emphasized that negotiations have just started and that it expects the outcome to be "similar to those of peer banks which have settled at materially lower amounts."
The Wall Street Journal first reported the figure, citing sources familiar with the situation.
The bank's Frankfurt-listed shares were among the worst-performers on the Stoxx600 Friday morning, down 9.3 percent.
The company previously thought that a settlement between $2 billion and $3 billion would be fair, as it had already paid $1.9 billion in 2013 to resolve similar claims, the Journal said.
Reuters reported that, in January, Goldman Sachs said it would pay more than $5 billion to settle claims it misled mortgage bond investors during the financial crisis. The following month, Reuters reported that Wells Fargo reached a $1.2 billion settlement over mortgage fraud allegations. The news service also reported that Bank of America came to a $16.65 billion settlement in 2014 and that JPMorgan settled for $13 billion in 2013.
The Justice Department declined to comment to CNBC.