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Postbank investors may get windfall after Deutsche bank loss

Bloomberg Deutsche Bank AG was ordered to pay 14 Postbank shareholders a total of 48 million euros ($57 million) in a ruling that could lead to billions more in compensation for investors who argue the lender short-changed them in a 2010 takeover. The court in Cologne, Germany, backed the argument of shareholders who accepted the original offer, but dismissed suits ...

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Lloyds ‘mugged’ investors in 2009 HBOS deal, says lawyer

Bloomberg Lloyds Banking Group Plc mugged shareholders when it got them to agree to the “catastrophic” HBOS deal at the height of the global financial crisis, a lawyer representing thousands of investors suing the bank said on the first day of a London trial. Senior executives “pursued a dangerous and value-destroying strategy” to push the deal through, Richard Hill, the ...

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Bitcoin breaches $6,000

Bloomberg Bitcoin soared to another milestone, as the digital currency breached $6,000 for the first time to put its gain in 2017 to more than 500 percent. As bitcoin continues climbing, Twitter users are speculating that the rise could be driven by everything from a cash shortage in Zimbabwe to an increase in margin trading. If one thing is for ...

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