DEUTSCHE BANK

Layoff Rumors Swirl Around Deutsche Bank

Deutsche Bank Headquarters In Frankfurt
Deutsche Bank is reportedly set to fire more than 500 employees in Germany, various financial media outlets reported Friday, but the Frankfurt-based bank is denying the reports.
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American International Group Inc CEO Robert Benmosche

US Will Cut Its AIG Stake To 23% From 53%, By One Estimate

Because of the U.S. Treasury Department's announcement Sunday that it has launched an offering of $18 billion worth of its American International Group Inc. (NYSE: AIG) common stock, the government will soon go from being the company's majority shareholder to being one of its minority shareholders.
Rajoy

Draghi's ECB Announcement - Spain A Stealth Loser, Italy A Silent Winner

While pundits and analysts dissected a myriad angles regarding the ECB's proposal, one lesser-considered issue has been how, following the announcement of the plan Thursday, it increasingly seemed Spain was being given the short end of the stick, while Italy was being favored, by the announcement.
Miners at Rustenberg platinum mine

South African Labor Unrest Threatens Platinum And Gold Production

In the wake of a strike that left 34 platinum miners dead after clashes with police, South African unions continued to refuse to work, disrupting production of the metal in the country that accounts for 75 percent of global exports and spilling over to impact gold miners.
Traders work at their desks in front of the DAX board at the Frankfurt stock exchange

European Markets Gain Before ECB Meeting

European markets rose Thursday on hopes ahead of the European Central Bank meeting where the bank is expected to announce policy measures to boost the euro zone economy and revive growth momentum.
Pills

Big Bets Aim To Jolt Heart Drug Sales Back To Life

Patent expiries mean annual sales of 15 different categories of heart drugs are set to fall by more than a quarter by 2017, from $83 billion in 2011 to $60 billion, according to consensus analyst forecasts compiled by Thomson Reuters Pharma.
Barclays

How Much Will Libor Suits Cost Banks?

Banks involved in London interbank offered rate benchmark, or Libor, manipulations could be liable for billions of dollars in lawsuits from a slew of financial firms and investors who were affected by the distortions, according to reports.

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