Select News Reports from a Business or Finance news source, news report assignment help

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News Report should address the What, Why, Who and How of the financial news story. Your financial news must be recent and no older than two months. The news should address topics such corporate finance, IPO, equity markets, stocks, bonds, financial fraud, mutual funds, mergers, options etc.. Written Report: provide 2-3 pages typed summary/relation to text of your news article. Submit here on before July 23rd 11pm. Sources: Financial Times, The Economist, The New York Times, The Wall Street Journal, Business Week, Yahoo Finance, Google Finance, or other Financial/Business news sources. TWO Reports are required this Summer Session. Each Summary Report is worth 20 points.

Requirement: (Two Reports/Summaries)

1) Select News Reports from a Business or Finance news source. Provide web link to article and indicate source/date. Your news article must be original and posted by other students already. Each student must submit a different news article.

2) Write full summary of news article, highlighting the main news of the article/news.

3) Relate news article to specific chapters and topics in the text. Minimum relation to text, 6 topics, 2 chapters. You must relate to at least two chapter and three topics in each of the two chapters.

4) State your opinion/reflection of the news article and reasons you selected

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Explanation & Answer


Surname 1
Students’ name
Article - Deutsche Bank, JPMorgan to pay $148 million to end yen Libor cases in U.S.
Link -
Source - Reuters
Date - 22 July 2017
In a publication by Reuters on 22nd July 22, 2017, the Newspaper and Online outlet
reported that Deutsche Bank AG and JPMorgan Chase & Co had agreed to settle an out of court
litigation at the cost of $148 million. The private litigation brought up against the two banks
relates to possible violations of the U.S antitrust laws. In the litigation, it is claimed that the two
banks conspired with others to manipulate the yen Libor and Euroyen Tibor benchmarks interest
rates. In the reported settlements, it's believed that Deutsche Bank paid an amount totaling to $77
million while JPMorgan is reported to have paid a total of $71 million. The fillings for the fines
were done at the U.S District Court in Manhattan on Friday 21st July 2017 and were awaiting the
approval of the judge. In a previous settlement last year relating to the same manipulations
allegation, Citigroup Inc., and HSBC Holdings Plc. also made out of court settlement. At the
time, Citigroup Inc. paid a total of $23 million while HSBC Holding Plc. paid a total of $35
million. These settlements arose after some investors had leveled allegation where they accused
over twenty banks of conspiracy.

Surname 2
According to the investors who included the California State Teachers' Retirement
System and J. Kyle Bass' hedge fund Hayman Capital M...

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