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Deutsche Bank to pay $37mn for fraudulent order routing practices

  Bloomberg Deutsche Bank AG agreed to pay $37 million and admit to misleading customers about its dark pool stock-trading platforms to settle a joint state and federal probe, bringing the bank a step closer to resolving several potentially costly legal challenges in the US. The bank will admit to violating state and federal securities laws over a two-year period ...

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Don’t politicise monetary policy, says Bundesbank chief

  Frankfurt am Main / AFP The European Central Bank must stick to its price stability mandate and not be swayed by politics, Germany’s top central banker said, warning against extending loose monetary policy for too long. “The impression must not be allowed to arise that central banks will step into the breach for politicians or that monetary policy is ...

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Oman central bank not to follow Fed’s rate decision

  MUSCAT / Reuters Oman’s central bank won’t automatically imitate last week’s interest rate hike by the US Federal Reserve, central bank executive president Hamood Sangour Al Zadjali said on Sunday. Oman is the only member of the six-nation Gulf Cooperation Council not to announce an official interest rate rise in the wake of the Fed’s 0.25 percentage point increase. ...

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