- REUTERS/Kai Pfaffenbach
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It’s all about Deutsche Bank right now. Here are the headlines:
Deutsche Bank is reportedly close to a $5.4 billion settlement with the US government. That news has sent the share price soaring. Goldman Sachs on Deutsche Bank: It’s not as bad as you think. Deutsche Bank has a “fundamental business problem” beyond its immediate crisis. “Deutsche Bank may be the end of Merkel’s career.” Deutsche Bank CEO tells staff: “Some forces in the markets are currently trying to damage trust.”
In other news, Nutanix finally had its IPO on Friday, and the entire tech industry is relieved. We also got a behind-the-scenes look at what actually goes on during an IPO on the New York Stock Exchange, so take a look.
Janet Yellen may resign as Federal Reserve chair if Donald Trump wins the presidential election, according to Bob Landry, a portfolio manager at USAA investments. China has the markets totally fooled. And “politics as we knew it is over,” according to Ian Bremmer.
Lastly, these are the new New York City restaurants Wall Street should check out this fall.
Here are the top Wall Street headlines at midday
Gaddafi, bribery, and a $40 billion hedge fund: The key details from the case against Och-Ziff-Och-Ziff Capital Management has agreed to settle charges of bribery, paying nearly $200 million to the Securities and Exchange Commission, the SEC announced Thursday.
OPEC just reached a surprising deal – here’s what comes next–The oil watcher Robert Mabro, who died last month, once quippedthat OPEC should change its logo to a tea bag “because it only works when in hot water.”
Banks like to talk about blockchain, but none want to be the first to actually use it–There are more than 50 major banks clamoring to adopt the technology known as blockchain – the underpinnings of bitcoin – but none of them wants to be the first.
Why this top VC is funding a startup that could eat away at his own business–When Andy Weissman began to look at investing in a startup called CircleUp, he realized the underlying concept was something that could put him, or some of his competitors, out of business.
GM just quietly created a new car brand-For a hundred years, General Motors was defined by its brands: Chevrolet, Pontiac, Oldsmobile, Buick, GMC, Cadillac. Later, Saturn, Saab, and Hummer joined the portfolio.
The 22 hottest cars at the 2016 Paris Motor Show–The Paris Motor Show kicked off ths week and it did not disappoint.
100 under-the-radar places everyone should visit in the world–Travel should be more than crossing attractions off a bucket list. It should be an opportunity to see some truly magnificent – and surprising – parts of the world.