Bank of England Governor Andrew Bailey is set to address the progress made in dampening inflation in the U.K. during a speech at the U.S. Federal Reserve’s central bank symposium. Despite a decrease in headline inflation, Bailey will emphasize the need for continued restrictive monetary policy due to shocks from the labor market. The recent
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Deutsche Bank has managed to reach agreements with nearly 60% of the plaintiffs involved in a case that has been ongoing for more than a decade. The case revolves around allegations that the German lender underpaid for its acquisition of Postbank. This settlement involves more than 80 plaintiffs agreeing to a settlement of 31 euros