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Deutsche Bank said to face SEC probe

Sec Building

The U.S. Securities and Exchange Commission is investigating whether Deutsche Bank inflated the value of securities in its mortgage-bond trading business and masked losses around 2013, according to people with knowledge of the matter.

European banking sector still in 'very difficult' place: UBS boss

Weber Grill

UBS Chairman Axel Weber warned on Tuesday that the beleaguered European banking sector was still facing many challenges, particularly on the regulatory and capital front, and that the European Central Bank (ECB) was likely to wait and see how its policies do before changing course.