Deutsche bank
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Finance
Deutsche Bank Brokers Jailed in Biggest Insider Trading Bust Ever
Two former Deutsche Bank corporate brokers have been sentenced to one of the longest prison terms possible for the crime of insider trading in the UK. As US financial market participants walk free in the streets managing their own “home office” money, Martyn Dodgson and Andrew Hind will be rotting in a Wandsworth prison cell (among the worst reputed of…
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Finance
Deutsche Bank Settles Lawsuit For Price Rigging, Turns “State’s Evidence” On Other Banks
Prior to last week, Deutsche Bank made headlines for a string of huge losses and massive exposure to risky derivatives. The last time the firm’s shares traded at prices this low, the world was in the midst of 2008’s financial apocalypse. Deutsche Bank didn’t need more bad news, but a group of investors who brought suit against the massive German…
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Finance
Deutsch Bank Near Collapse; Announces €6.7 Billion Euro Loss
At the height of the financial crisis of 2008, Deutsch Bank lost €3.9 Billion; today the bank announced almost DOUBLE that loss, out €6.7 Billion last year! Is collapse coming? The first annual balance sheet of the new German bank boss John Cryan falls into deep red. Simmering disputes and large-scale corporate restructuring has caused Deutsch bank to suffer the…
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Finance
Deutsche Bank Fined $258m for Conducting Business with Iran, Syria and Libya
German Deutsche Bank has been fined $258 million by American regulators for conducting business with US-sanctioned countries including Iran, Syria and Libya. The fine will be paid to the Federal Reserve and New York State Department of Financial Services. The ruling against Deutsche Bank also stipulated that the people responsible for the “lucrative” violations must be sacked. “The firm did…
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Finance
NY Fed Slams Deutsche Bank (And Its €55 Trillion In Derivatives): Accuses It Of “Significant Operational Risbnpk”
First it was French BNP that was punished with a $9 billion legal fee after France refused to cancel the Mistral warship shipment to Russia (which promptly led to French National Bank head Christian Noyer to warn that the days of the USD as a reserve currency are numbered), and now moments ago, none other than the 150x-levered NY Fed…
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