AFP – South Korea’s stock market announced Friday it would fine Deutsche Bank’s local brokerage almost $886,000 for improper transactions, the biggest penalty it has ever imposed.
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Read More »AP – South Korea’s financial regulators say units of Germany’s Deutsche Bank AG engaged in price manipulation and unfair trading that led to a sudden plunge in Seoul’s benchmark stock index last year.
View full post on Yahoo! News: Stock Markets News
Read More »Mike Mayo, who left Deutsche Bank AG last month and joined CLSA, assigned an “underweight” rating to U.S. banks and predicted loan losses will exceed levels from the Great Depression. After Mayo gave “sell” ratings to banks U.S. stocks dropped. Bank of America Corp. and JPMorgan Chase & Co., the two biggest U.S. banks by assets, were assigned “underperform” ratings, Mayo said in a report today.
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