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By Andreas Kröner and Maiya Keidan FRANKFURT/LONDON (Reuters) - Deutsche Bank's chief executive sought to reassure his staff on Friday that Germany's largest lender remained robust after fears over its stability sent tremors through global financial markets. Chief Executive John Cryan's letter, seen by Reuters, addressed reports of the departure of a few hedge fund clients, hitting out at "certain forces" that wanted to weaken trust in the bank. Trading volume in Deutsche's debt has more than doubled this week and soared 15-fold in a month as investors rush to offload the troubled German lender's bonds.
JERUSALEM (AP) — President Barack Obama hailed Shimon Peres Friday as a man who showed the world that justice and hope are at the heart of the Zionist ideal and saw "all people as deserving of dignity and respect."