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T. Rowe Price fixed-income manager Cheryl Mickel identifies the best spots to park short-term cash, how to navigate the banking sector, and where the Federal Reserve may be going next.
The cost of insuring the German bank’s debt against default surged last week
Deal with federal regulators will make Raleigh-based firm one of the top 25 U.S. banks
Turmoil in the sector continues after the cost of insuring the lender against default rose.
Deutsche Bank stock slides Friday and leads shares of European lenders lower, while Activision rises the most in the S&P 500 after the U.K. says it's no longer concerned Microsoft's acquisition of Activision would reduce competition in console gaming.