DEUTSCHE BANK SHARES FALL AS BAILOUT RULED OUT

Deutsche Bank’s political entanglement deepened as a German news media outlet reported that Chancellor Angela Merkel had ruled out a bailout. Shares slumped 7% Monday to close at $11.85. The company has said that the Justice Department is seeking a $14 billion civil settlement over its alleged role in artificially propping up the U.S. housing market in the lead-up to the Great Recession.