Deutsche Bank, Germany's largest bank, is excluded from the Euro Stoxx 50 index, which includes the largest and most liquid euro zone shares, Bloomberg reports. The German bank will be removed from the index for the first time since its inclusion in 1998. The agency notes that years of losses and strategic inaction keep Deutsche Bank out of the elite of European banks. Deutsche Bank has lost a significant part of its market value after a series of scandals and failures in an attempt to meet changing regulatory requirements. The development plan presented by the bank raises doubts among the majority of analysts.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
The Dollar fell on Tuesday, with the Euro and the British Pound Sterling gaining strength on the back of news that European Union leaders have agreed to roll out additional recovery funds in the region. New hopes for a potential COVID-19 vaccine ...