Top Financial Stocks
Financial stocks are mostly higher with the NYSE Financial
Sector Index rising 0.9% and the S&P Financial 100 Index
advancing about 1.2%.
In company news, Deutsche Bank (
) reportedly has suspended several of the lender's New York-based
currency traders as part of an internal probe into the alleged
manipulation of global currency markets, according to Canada's
Globe and Mail newspaper.
The probe is part of a broader international investigation into
global currency manipulation. Last year, Britain's Financial
Conduct Authority began a formal investigation into possible
manipulation in the $5.3-trillion-a-day global FX market. The U.S.
Justice Department is also engaged in an active investigation.
According to The Globe and Mail many banks, including Citigroup
), UBS (
), Barclays (
), Royal Bank of Scotland (
) and JP Morgan (JPM) are co-operating with the investigation.
Citigroup, RBS, JP Morgan and Standard Chartered have already
fired, suspended, or put currency traders on leave.
DB shares were up 2.3% at $54.40 apiece this afternoon, earlier
climbing to a new 52-week high of $54.46 a share.
In other sector news,
(+) BAC, Earns $0.29 per share in Q4, topping the Capital IQ
Consensus by $0.03. Revenue climbs 14.9% over same quarter last
year to $21.7 bln, also beating estimates by around $530 mln.
(-) KCG, Averaged $24.7 bln dollar volume traded, 5.1 billion
shares traded, and 3.7 million trades per day in U.S. equities
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