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 […]

Banks Could Still Blow Up The World

The Huffington Post  |  By Mark Gongloff Big banks are perfectly safe these days, unless you count all those weapons of mass financial destruction they’ve got lying around. And who’s counting those? Certainly not the banks. Some in Washington are doing a premature victory dance over the relatively gentle new regulations that have been applied to Wall Street since […]

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 […]

JPMChase outpaces Stagecoach From Hell To Be Most Valuable US Bank

Dakin Campbell & Dawn Kopecki, Bloomberg JPMorgan Chase & Co., the biggest U.S. bank by assets, reclaimed the No. 1 title by market value as the impact of last year’s wrong-way bet on derivatives fades and investors wager on an investment-banking rebound. JPMorgan shares rose 1.6 percent this week, valuing the bank at $184.9 billion through yesterday. That eclipsed […]

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