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Deutsche Bank AG agreed to pay former executive Colin Fan roughly $6 million to settle a lawsuit he filed over trades that bank lawyers concluded improperly earned him millions of dollars, according to people familiar with the settlement. trader, who is currently a star manager at hedge fund giant Brevan Howard, has been named in a U. court as an alleged co-conspirator in what prosecutors call a scheme to manipulate interest rates.

Deutsche Bank AG said Thursday net income in the first quarter declined 79% and that it will shrink its U. investment bank, the latest sign of struggle at the German lender, which this month replaced its CEO and reshuffled several other top executives.

Deutsche Bank AG said Thursday net income in the first quarter declined 79% and that it will shrink its investment bank, the latest sign of struggle at the German lender, which this month replaced its CEO and reshuffled several other top executives.

Investors around the world retreated from stocks following a turn toward political upheaval in Italy, with the Dow industrials dropping nearly 400 points and U. Treasury yields posting their largest daily decline in nearly two years.

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