The German lender's shares are falling on fears hedge funds are withdrawing cash. No bank would emerge unscathed if customers really turned tail. But Deutsche's relatively strong funding, and a battery of central bank support facilities, suggest liquidity isn't its main headache.
Peter Berg's blockbuster turns the complex Deepwater Horizon disaster into a simple fight between working-class U.S. heroes and a money-grubbing British company. The rig crew's actions surely saved lives. But the film obscures the challenges of oil extraction and lax regulation.
Europe's complaint against Ireland and Apple reflects a problem bigger than any one company or country. The global approach to tax is past its sell-by date. A system based on revenue location, and that treats multinationals as single entities, could share the pie more fairly.
The city is playing catch-up with Singapore in financial technology. But as a gateway to mainland China, Hong Kong has two big advantages: easy access to a huge market, and proximity to tech giants Alibaba and Tencent. Those benefits should help it close the gap.
The controlling family wants to reunite the two media firms. Les Moonves at the stronger CBS would do non-Redstone shareholders a disservice if he paid a full premium, but Viacom's owners might want one. Any middle ground is narrow at best – and a governance minefield.
The country no longer depends on exports for growth. Strong domestic demand is the key driver these days, a government-commissioned report says. Yet the current account surplus is still rising. Blame not only Angela Merkel’s fiscal restraint but also weak corporate investment.
Mainland companies such as Evergrande are snapping up prestigious Hong Kong office buildings. With rental yields below 3 pct, these seem like poor investments. That suggests buyers might also be looking for ways to guard against a further selloff in the yuan.
The U.S. presidential race is tight after the first debate between the two candidates and only six weeks until the election. Investors will have bigger asset-allocation decisions to make in the event Trump wins. A new fund might start by shorting Amazon and going long Greyhound.
Efforts by Apollo and TPG to salvage something from their $30 bln casino buyout largely failed after creditors fought back. Under a new deal, junior lenders will recover 66 cents on the dollar. Most debt investors bow to lame terms, however, meaning Caesars will be an exception.
Settlements by other banks imply the German lender owes up to $5.5 bln for mis-selling mortgage-backed securities. That's much less than the $14 bln the U.S. government wants. But a previous Deutsche fine was much bigger than rivals'. Calculating penalties is an inexact science.