World stocks down, Fed official flags stimulus end

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World stocks down, Fed official flags stimulus end

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World stocks down, Fed official flags stimulus end

by Wochit 0:51 mins

World stock markets fell, led by a plunge in Japan's benchmark index, as expectations mounted that the U.S. central bank will begin to phase out its monetary stimulus next month. Deutsche Bank has found a replacement for JT Macfarlane, the CEO of its Australia and New Zealand unit who is stepping down after 25 years with the bank. The U.S. Justice Department said it had filed a civil lawsuit in U.S. District Court in Charlotte, North Carolina, against Bank of America for what government lawyers said was a fraud on investors involving $850 million of residential mortgage-backed securities.

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