Deutsche's Libor Fine Takes Shine Off Sector's Q1 "Revival"

The rebound in Q1 Fixed Income, Currency and Commodity (FICC) revenues at big broker-dealers like JP Morgan, Morgan Stanley and Goldman Sachs has emboldened some investors to pile back into the sector. Deutsche Bank's record-breaking $2.5 billion fine for manipulating benchmark interest rates shows that it's probably wiser to stay away. True, the German behemoth's stock yawned at the news... Tags: Banks , Currencies , INDEXNYSEGIS:XBD , NYSE Arca Securities Broker Dealer Index , Q1 performance To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Deutsche's Libor Fine Takes Shine Off Sector's Q1 "Revival" appeared first on Money Morning - We Make Investing Profitable .
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