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As president, Trump would have huge trade powers Congress has ceded much power to the White House on trade policy. Check out this story on USATODAY.com: http://usat.ly/2dNMPxq NEW YORK - Donald Trump promises to do a lot of things if he is elected president, but there is something different about his pledges to change trade deals.
New Jersey Representative Scott Garrett praised Edward Durfee, the regional coordinator for New Jersey Oath Keepers, at an October gathering. Representative Scott Garrett, a Republican from New Jersey, questions John Stumpf, chief executive officer of Wells Fargo & Co., not pictured, during a House Financial Services Committee hearing in Washington on Sept.
Until now, German officials have played down their role in the standoff, saying it is up to Deutsche to work out a deal with the U.S. Department of Justice , which is demanding up to $14 billion to settle claims the lender mis-sold mortgage-backed securities before the financial crisis. But government officials in Berlin, speaking on condition of anonymity, told Reuters they hoped to facilitate a quick deal that would buy Deutsche Bank time to regain its footing.
Shares in Germany's biggest bank, Deutsche Bank are continuing to rally on Tuesday, extending gains into a second day, and fighting back against the huge losses seen in recent weeks. Around 8:50 a.m. BST Deutsche's stock is trading up by around 1% from Tuesday's close at a 11.86 in Frankfurt.
Oct 4 Conservative lawmakers lashed out at Germany's economy minister on Tuesday for attacking Deutsche Bank's chief executive, saying the minister's job was to support the country's biggest bank, not talk it down. Sigmar Gabriel, the economy minister and leader of Chancellor Angela Merkel's junior coalition partner, the Social Democrats, criticised Deutsche Bank CEO John Cryan for blaming speculators when the bank's share price plunged last week.
Oct 4 Shares in Deutsche Bank rose 2.5 percent on Tuesday, benefiting from the support of its major clients and even rivals, rebounding after concern over its future last week sent the stock to a record low. German business leaders from companies including BASF , Daimler, E.ON, RWE and Siemens lined up to defend the bank in the German press over the weekend, which included a public holiday on Monday.
The New Jersey-based, Nasdaq-listed firm made a filing with the US Securities and Exchange Commission on September 30, saying it was conducting an "internal investigation" into the matter. IMPROPER PAYMENTS for gaining permits and building licences for some of its 12 facilities in India have landed the country's third largest IT-BPO sector employer, Cognizant Technologies Solutions, in trouble.
Sen. Sherrod Brown, D-Ohio, said Monday he plans to push legislation that would allow Wells Fargo & Co. customers to sue the bank over unauthorized accounts opened by employees trying to meet aggressive sales quotas.
A man walks past a stock quotation board outside a brokerage in Tokyo, Japan, September 9, 2016. A man walks past a stock quotation board outside a brokerage in Tokyo, Japan, September 9, 2016.
Oct 2 German Economy Minister Sigmar Gabriel accused Deutsche Bank on Sunday of crying foul of speculators even though he said the bank had itself pushed a business model based on speculation. "I did not know if I should laugh or cry that the bank that made speculation a business model is now saying it is a victim of speculators," Gabriel told reporters on a plane to Iran, which he is visiting with a business delegation.
Wells Fargo may have gone out if its way to take senior citizens to the cleaners when the bank's workers fraudulently opened as many as 2 million accounts without customers' permission. That's the suspicion of Democratic Sen. Claire McCaskill of Missouri and Republican Sen. Susan Collins of Maine, the top members of the Senate Special Committee on Aging.
Deutsche Bank shares staged a dramatic recovery on Friday afternoon after reports emerged that it could only have to stump up 5.4 billion US dollars , rather than 14 billion US dollars , as part of a US Department of Justice settlement. The German lender's shares had slipped to 9.98 euro at one point, their lowest level since the 1980s, but recovered and were trading 7.5% up at 11.70 euro in afternoon trading.
US futures pointed to negative open on Wall Street as worries about Deutsche Bank and the broader financial sector continued to weigh on investors' minds, although losses looked set to be fairly limited after Thursday's decline. At 1140 BST, Dow Jones Industrial Average and Nasdaq futures were down 0.3%, while S&P 500 futures were 0.2% weaker.
Gold gained on the final day of the quarter as rising investor anxiety over Deutsche Bank AG's finances spurred a selloff in equities and helped to underpin demand for a haven. Bullion for immediate delivery rose 0.5 percent to $1,326.34 an ounce by 11:27 a.m. in London, according to Bloomberg generic pricing.
Wells Fargo chief executive John Stumpf offered more apologies and excuses Thursday during his appearance before the House Financial Services Committee. REUTERS/Gary Cameron For the second time this month, Wells Fargo chief executive John Stumpf was greeted with a barrage of hostile questions from members of Congress, when he testified Thursday before the House Financial Services Committee about the bank's phony-account affair.
"Late Show" host Stephen Colbert on Wednesday detailed the fallout at San Francisco-based bank, Wells Fargo, which accrued $185 million in regulatory fines earlier this month after opening "roughly 1.5 million bank accounts and applied for 565,000 credit cards that may not have been authorized by customers," according to The New York Times . Wells CEO John G. Stumpf testified before the Senate Banking Committee last Tuesday and received an earful from Massachusetts Senator Elizabeth Warren.
Federal Reserve chair Janet Yellen was thrust into the election-year boxing ring during a congressional committee hearing on Wednesday, defending the central bank's regulatory role, taking and landing punches on Wells Fargo and other banks considered too big to fail, and addressing accusations of political conflicts of interest. At a house of representatives financial services committee hearing, Yellen also provided details on the changes the central bank is considering making to the annual stress tests it gives US banks.
General Electric Co., which bought Alstom SA's energy units last year, will be flexible and build a relationship with the next president of the U.S., whether it's Hillary Clinton or Donald Trump, Vice Chairman John Rice said. "We will operate with whoever is the president of the United States in January," though GE doesn't agree with some of the rhetoric out of the election season, Rice said in an interview at the Bloomberg Markets Most Influential Summit in Hong Kong Wednesday.
Global governments are less likely to come to the rescue of banks than during 2008 financial crisis because the system is more stable, UBS Group AG Chairman Axel Weber said when asked about the prospects of Germany assisting Deutsche Bank AG. "Interventions in the future will only be driven by the need to stabilize the system and there will be no focus on single players," Weber, a former president of Germany's Bundesbank, said in a Bloomberg Television interview with Guy Johnson Wednesday.
Sophia Cheng, chief investment officer at Cathay Financial Holding Co., speaks during the Bloomberg Markets Most Influential Summit in Hong Kong, China, on Wednesday, Sept. 28, 2016.