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U.S. Justice Department may sue to block Sprint, T-Mobile merger: source

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WASHINGTON (Reuters) – The U.S. Justice Department has told T-Mobile US Inc and Sprint Corp to wrap up a deal by the end of next week to sell assets that are to be divested as a condition of their proposed merger or face a lawsuit aimed at stopping the transaction, a source familiar with the Read More

Justice Department may sue to block Sprint, T-Mobile merger: CNBC

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FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018. REUTERS/Dado Ruvic/Illustration/File Photo WASHINGTON (Reuters) – The U.S. Justice Department would sue to block the merger of T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) if the parties do Read More

EU clears Vodafone’s $22 billion Liberty deal

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BRUSSELS/LONDON (Reuters) – Brussels gave its blessing to Vodafone’s (VOD.L) $22 billion purchase of Liberty Global’s (LBTYA.O) cable networks in Germany and central Europe, clearing the way for the British company to become Europe’s largest mobile, broadband and TV provider. FILE PHOTO: Coaxial TV Cables are seen in front of Vodafone and Liberty Global logos Read More

State AGs fighting T-Mobile, Sprint merger say October trial may not be possible

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WASHINGTON (Reuters) – An attorney for the state attorneys general who filed a lawsuit in hopes of stopping T-Mobile’s $26 billion merger with Sprint told the judge on Monday that an Oct. 7 trial may not be possible. FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile Read More

U.S. Fed seen launching repo facility in early 2020: Deutsche Bank

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(Reuters) – The Federal Reserve may launch a policy tool to lend to banks using Treasuries and other securities as collateral in early 2020 with possible testing to begin later this year, a Deutsche Bank strategist said. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Read More

Deutsche Bank to pay Vestia 175 million euros settlement in derivatives suit

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The headquarters of Germany’s Deutsche Bank are photographed in Frankfurt, Germany, July 8, 2019. REUTERS/Kai Pfaffenbach AMSTERDAM (Reuters) – Dutch housing cooperation Vestia said on Friday Deutsche Bank would pay it 175 million euros ($197 million) to settle claims the German bank had improperly sold it interest rate derivatives. In a statement on its website, Read More

Deutsche Bank to layoff 126 New York staff as part of restructuring

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Signage is seen on the lobby of the U.S. headquarters of Deutsche Bank in New York City, U.S., July 8, 2019. REUTERS/Andrew Kelly NEW YORK (Reuters) – Deutsche Bank AG (DBKGn.DE) plans to lay off 126 employees in New York in the coming months, according to a filing the bank made with New York state Read More

T-Mobile, Sprint expected to extend deal date: sources

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FILE PHOTO: A smartphone with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) expect to extend a July 29 deadline to complete their $26-billion merger, according to two sources Read More

U.S. probes Deutsche Bank’s dealings with Malaysia’s 1MDB: Wall Street Journal

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(Reuters) – The U.S. Justice Department is investigating whether Deutsche Bank AG (DBKGn.DE) violated foreign corruption or anti-money-laundering laws in its work for state fund 1Malaysia Development Berhad (1MDB), the Wall Street Journal said on Wednesday. The logo of Deutsche Bank is pictured on a company’s office in London, Britain July 8, 2019. REUTERS/Simon Dawson Read More

U.S. probes Deutsche Bank’s dealings with Malaysia’s 1MDB: WSJ

1 week ago DieselGasoil Comments Off on U.S. probes Deutsche Bank’s dealings with Malaysia’s 1MDB: WSJ
(Reuters) – The U.S. Justice Department is investigating whether Deutsche Bank AG (DBKGn.DE) violated foreign corruption or anti-money-laundering laws in its work for state fund 1Malaysia Development Berhad (1MDB), the Wall Street Journal said on Wednesday. The logo of Deutsche Bank is pictured on a company’s office in London, Britain July 8, 2019. REUTERS/Simon Dawson Read More