Seven major global banks have settled a lawsuit in the United States accusing them of market manipulation. They were suspect of colluding to rig the daily benchmark for interest rate exchange contracts.
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Deutsche Bank hasn’t done enough to prevent its accounts from being misused to launder money, circumvent international sanctions or even finance terrorism, the UK’s financial regulatory agency has found.
A court in Frankfurt is looking into the role that suspended employees of Deutsche Bank played in a large-scale fraud scheme involving the trading of carbon permits. The trial is to continue until May.
Deutsche Bank follows Egyptian projects in areas of new and renewable energy, roads, and development of Suez Canal
Reuters – Investors are starting to move back in to emerging stocks and bonds after a long hiatus, data from fund tracker EPFR shows, but the economic slowdown gripping the developing world is likely to constrain market rallies. Emerging stock and bond funds saw their first weekly inflows after more than $50bn fled in the …
The material non-compliance was declared by the court which covers the Dubai International Financial Centre (DIFC), home to many large global banks and asset management who were attracted by the region’s oil wealth and rapid economic growth.
By Anjuli Davies / Reuters LONDON: Small and medium-sized Islamic banks may need to merge if they want to become bigger regional players capable of filling the funding hole left by shrinking Western banks, the head of Islamic finance at Deutsche Bank, told Reuters. “There are mismatch challenges,” Salah Jaidah said on the sidelines of the …