Deutsche Bank

Deutsche Bank Purges Its Leadership

The Joint CEO’s of Deutsche Bank Have Been Shown The Door From Zero Hedge The joint CEO’s of Germany’s largest bank, Deutsche Bank, the twelfth largest bank globally in terms of assets,  unexpectedly announced their resignation over the weekend. Anshu Jain will resign at the end of this month, almost two years ahead of schedule […]

World's Oldest Bank

World’s Oldest Bank Could Be Italy’s Newest Ruin

World’s Oldest Bank, Banca Monte dei Paschi di Siena S.p.A.  Is In Big Trouble The world’s oldest bank, Banca Monte dei Paschi di Siena S.p.A.  or MPS as it’s known in the finance world is on the verge of collapsing unless the Italian government moves to nationalize it. A move that many in Italy don’t […]

JPMorgan Chase

Why Isn’t The Detroit Emergency Financial Manager Doing This?

Why Isn’t The Detroit Emergency Financial Manager Fighting The Banks Like This Alabama County? JPMorgan Chase agreed to forgive $842 million of debt owed by Jefferson County, Alabama.  The new agreement follows a $722 million settlement in 2009 with the U.S. SEC related to the Jefferson County financing. So why isn’t the Detroit Emergency Financial […]

Wall Street

Wall Street says Hey, Main Street We’re Taking Your Jobs!

Wall Street Traders Tell Main Street To Quit Complaining  One of my contacts on Wall Street sent me a copy of this email that has been floating around. Let me know if anyone knows who wrote this. I want to hire them as a writer for this site. I like their in-your-face style! To Main Street […]

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