DB Gold Double Long ETN (DGP)
- Bloomberg
Deutsche Bank Hires Goldman’s Bomar for Asset Management Deals
(Bloomberg) -- Deutsche Bank AG has hired Goldman Sachs Group Inc.’s Derek Bomar as a managing director to lead its coverage of asset managers in the Americas, according to a memo to staff seen by Bloomberg News. Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastTesla Axes Supercharger Team in Blow to Broader EV MarketJerome Powell Offered Markets a Reprieve. It Vanished in a BlinkNYPD Arrests Over 300 Protesters in Crackdown on College CampusesThe Ozempic Effec
- Fortune
Deutsche Bank staring down $1.4 billion fine as judge rules it might have underpaid for a 14-year-old acquisition by more than half
Germany’s biggest lender got a shock when a preliminary ruling suggested it could be on the hook for a massive fine.
- Reuters
Morning Bid: Yen bounces from 160 per dollar in busy Fed-led week
A week jam-packed with major market events kicked off with some wild action in Japan's yen during a public holiday there, with a withering drop in the currency to 34-year lows of 160 per dollar meeting predictable intervention speculation that triggered an equally eye-watering rebound. With no official yen purchases yet confirmed, market chatter presumed there had been at least some shot across the bow as the currency's fall since Friday's anodyne Bank of Japan meeting threatened to go into tailspin. Japan's top currency diplomat Masato Kanda declined to comment when asked if there had been any action.
