U.S. stock index futures were lower today, a day after Wall Street rallied about 1% and as oil prices dropped due to concerns of oversupply.
Deutsche Bank aims to cut roughly 23,000 jobs, or about one quarter of total staff, through layoffs mainly in technology activities and by spinning off its PostBank division, financial sources said on Monday.
Deutsche Bank said none of its management board members had been found to have been involved in or aware of efforts by dozens of its staff to manipulate benchmark interest rates like Libor over a seven year period.
U.S. and British regulators fined Deutsche Bank $2.5 billion and its British subsidiary plead guilty to criminal wire fraud on Thursday as it became the eighth financial group to settle allegations of rigging interest rate benchmarks.
Derivatives exchanges would have been unable to quell the combined market power of Deutsche Boerse AG and NYSE Euronext, EU regulators said in disclosing their reasons for blocking the duo’s plans to join forces.
Statement from NYSE Euronext following the European Commission's decision to block its proposed merger with Deutsche Borse
The SEC formally approved the Deutsche Börse/NYSE merger on Tuesday and made the decision public on Wednesday
The German financial authority, BaFin, approved the merger of Deutsche Börse and NYSE Euronext
Nasdaq OMX and ICE withdrew their bid to acquire NYSE Euronext after the Justice Dept. informed them they would file an antitrust suit to block the deal.
NYSE Euronext board of directors unanimously reaffirmed their rejection of proposal from Nasdaq and Intercontinental Exchange