Deutsche Bank may raise litigation, settlement reserves
Deutsche Bank may increase the amount it has set aside to deal with investigations and potential settlements, German magazine Spiegel reported on Sunday.
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Former Federal Reserve Chairman Ben Bernanke said on Friday that he was hesitant to bail out American International Group (AIG.N) in 2008, but he was primarily concerned that the insurer "was on the brink of default" and not about punishing AIG.
Extendicare Health Services Inc has agreed to pay $38 million to the U.S. government and eight states to settle allegations that it billed Medicare and Medicaid for substandard nursing care and unnecessary rehabilitation therapy.
A high-profile patent spat over noise cancelling headphones between Bose Corp and Beats Electronics ended on Friday with the two sides settling the case out of court.
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