There is no disputing the fact that this is a critical development… Read More The NYT’s Trump Bombshell and What It Reveals About Private Banking in New York
Like the mortgage crisis never happened.… Read More UK Banks Double Down on High-Risk Mortgage Products to Prop Up Housing Market
The world is heading toward another epic financial fall, says Nomi Prins. The question is not if, but when. … Read More Will Central Bank Policies Set off Another Global Financial Crisis?
This time it’s about the safe deposit boxes at Metro Bank… Read More After Shares Collapse, Mini Bank-Run Begins as UK Lender Counts Cost of Broken Trust
Not a great day for Bayer and its Monsanto unit… Read More Bayer Ordered To Pay $2 Billion In Roundup Damages; Admits Spying On Influential Europeans
Corporate mergers are bad news for the thousands of workers who lose their jobs. It’s a different story for the CEOs who can earn hundreds of millions of dollars from the deals.… Read More No More Payoffs for Layoffs
Critics are renewing attacks on the German giant’s investment banking division now that talks with Commerzbank have collapsed… Read More Deutsche Bank Has No ‘Plan B’
Instead of subprime mortgages being targeted this time around, what’s being stuffed into these bespoke products is corporate debt, which has exploded over the past decade… Read More Reuters Drops a Bombshell: The Big Short Doomsday Machine Is Back
Deutsche Bank is not some little German bank running amok. It’s designated a G-SIB or Global Systemically Important Bank. That means that it has the potential to spread systemic risk in the global financial system… Read More Deutsche Bank Merger Talk Ends — Now Comes the Pain
Until the public knows the truth about why the Fed bailed out the insolvent Citigroup – despite its mandate not to lend to an insolvent institution – and why it bailed out Morgan Stanley and Merrill Lynch, which were broker-dealers, not major commercial banks, there can be no confidence in the U.S. financial system.… Read More Is the Fed’s Dirtiest Bailout About to Come Under the Spotlight?
A “bust out” is a fraud tactic used in the organized crime world wherein a business’s assets and lines of credit are exploited and exhausted to the point of bankruptcy… Read More Retail’s Biggest Existential Threat Is Private Equity
, Deutsche Bank is in the same league as the bank holding companies of U.S. juggernauts JPMorgan Chase, Citigroup and Goldman Sachs. But its financial health is much weaker. … Read More After a $354 Billion U.S. Bailout, Germany’s Deutsche Bank Still Has $49 Trillion in Derivatives