Search Results for: Commerzbank
Commerzbank may pay $600 million-$800 million to settle U.S. probe
July 10th, 2014
German lender Commerzbank AG is expected to pay between $600 million and $800 million to resolve investigations into its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said. The penalty, previously reported to ...
Commerzbank Shares Fall on News of Settlement Talks
July 8th, 2014
Shares in Commerzbank fell about 3.5 percent on Tuesday following news that Germany’s second-largest lender could be the latest European institution to settle with the American authorities over suspicions that it violated sanctions. The broader German stock market was ...
World shares steadied on Friday; Gold recovered somewhat
September 17th, 2021
World shares steadied on Friday above three-week lows set in the previous session though they were heading for a weekly loss on China jitters and global growth concerns, while strong U.S. retail sales data buoyed the dollar. Shares in ...
Most emerging market currencies rose on Friday
June 25th, 2021
Most emerging market currencies rose on Friday, and were set for a strong finish to a week marked by several interest rate hikes across the space as well as waning fears over immediate policy tightening by the U.S. Federal ...
Emerging market stocks began the second quarter with strong gains
April 2nd, 2021
Emerging market stocks began the second quarter with strong gains on Thursday as data signalled a steady global economic recovery from a coronavirus-driven recession, while currencies eased under pressure from a firmer dollar. A basket of emerging market equities ...
An unexpected systemic crisis is for sure
August 18th, 2020
Downturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus on the coronavirus, is unexpected. We can now identify 23 March as the date ...
Emerging market currencies were set for their best month this year
July 31st, 2020
Emerging market currencies were set for their best month this year on Friday, as the dollar was on track to record its worst month in a decade on doubts about a U.S. economic recovery, while a pick-up in Chinese ...
The pound’s future in a dollar collapse
July 28th, 2020
In recent articles for Goldmoney I have pointed out the dollar’s vulnerability to a final collapse in its purchasing power. This article focuses on the factors that will determine the future for sterling. Sterling is exceptionally vulnerable to ...
Wirecard files for insolvency after ex-CEO arrested in $2 billion scandal
June 25th, 2020
Wirecard has filed for insolvency, just days after a $2 billion accounting scandal at the company burst into the open, crashing its stock and leading to the arrest of its former chief executive. The digital payments company said in ...
European stocks fell sharply Wednesday; The biggest movers
May 13th, 2020
European stocks fell sharply Wednesday as concerns over a second wave of coronavirus infections, and the timing of a vaccine, weighs on investor sentiment. The pan-European Stoxx 600 dropped 1.6% in early trade, with autos falling 3.1% to lead ...
