Barclays is biting back. The lender rejects a Justice Department complaint, suing the bank after it refuses to settle in its misselling case. Good morning, everybody. Welcome. Almost christmas. I know. Hard to believe. You were up all night i heard. Super noisy neighbors. Party from the neighbors what can you do . Do you go in at 2 00 in the morning . 3 00 . Always puts your life in perspective when you wake up and others are coming up. Youve been up since 3 00. Never mind. One more day to go, and everyone is excited. Deutsche bank shares have hit the top of the stoxx 600. The german lender saying it reached this provisional 7. 2 billion deal to resolve the department of justice investigation into itsishan iss and underwriting of deals. Under the tentative agreement Deutsche Bank would make a 4. 1 consumer relief payment and a 3. 1 billion civil penalty. Lets get out to anetta in frankfurt with all the details. Investors like this settlement, why . They like that because the cash compo
That puts them on track to be the youngest Prime Minister in the countrys history. Renzi is already the Democratic Party leader and he has been remover numeral maneuvering to replace enrico letta for months now. Here is what he had to say. The president has given me the task of trying to form a new government. I accept it, as you know, in full knowledge of the responsibility and the importance of the challenge. Thanked the president and assured him that in these difficult circumstances, he will have the utmost of my and our energy and commitment. Now that renzi has been confirmed, the hard work at about to begin. He actually has to form that government and make it stick. Our rome correspondent explains. The president has handed that mandate over to matteo renzi to form the next government. Though now, he is the Prime Minister in waiting, if you like. What happens next is that he really has to begin those consultations with the various groups of people, particularly he party of angelina