Deutsche Bank AG failed to convey the risks of interest-rate swaps to a client, according to a ruling by Germany's high court. The court ordered the bank to pay a German bathroom supplier that took the bank's hedging advice the equivalent of about $770,000.
The ruling is significant because it could potentially trigger additional suits regarding OTC interest rate swaps.
Sugar has had a nice rally from the $0.16 level on news that the U.S. government will buy sugar on the domestic market in an effort to push up prices and avoid a larger bailout later.
Bernanke says Fed on course to end asset buying in mid-2014
Federal Reserve Chairman Ben S. Bernanke said the central bank may start reducing bond purchases later this year and end them in mid-2014 if the economy continues to improve as the central bank forecasts.
Market relationships offer insight into recent turns
This is a market of relationships. The more we understand those relationships, the better we are prepared for the unknown.
Dollar gains most in 2 months as Bernanke signals bond-buy taper
The dollar rallied the most in two months versus the euro as Federal Reserve Chairman Ben S. Bernanke said the central bank could reduce its bond-buying this year and end it next year if economic improvement continues.