Banks

  • 30 Oct 2014 at 4:30 PM
  • Banks

Deutsche Bank, Suspended Traders Are Friends Again

Alright, you can come down now.When a German judge tells you in clipped tones that you do not want her weighing in on the matter of (a) your suspension for (allegedly!) trying to manipulate interest rates or (b) your suspending said alleged manipulators without actually following any of the (probably thousands of) rules in Germany regarding such, you listen. Deutsche Bank and its suspended traders have listened. Read more »

Workshop it, damnit!Eight years ago, there was much handwringing over the plan. Such as, won’t this violate the Foreign Corrupt Practices Act and lead to an extremely embarrassing criminal investigation one day? And, how we will make sure that the brain-dead progeny of the people we need don’t lose us too much money? Read more »

  • 21 Oct 2014 at 3:06 PM
  • Banks

De Blasio To Dimon: F*ck You And F*ck Your Tax Breaks

jamie-dimon (2)JPMorgan Chase’s cap-in-hand routine isn’t flying with the Big Apple chief. Read more »

Remember Washington Mutual? Cute little retail bank? Kind of the anti-Chase: Lots of bright colors, no bullet-proof glass, endearingly quirky ads, free smiles? Went under a few years back and was swallowed by Chase, which gleefully ripped out all of those colors and all of that quirkiness? Well, people are still fighting over it, specifically over whether its board and leadership were being distinctly unfriendly to its shareholders when they pumped $500 million into the bank. Read more »

We all know that it is better to be safe than sorry. But JPMorgan is definitely pretty sorry about that whole 76-million-customer hack job. And now that it is, it has decided that it is better to be safe and sorry than not safe and still sorry, or something. Even if that costs an extra $125 million a year. Read more »

  • 09 Oct 2014 at 12:36 PM
  • Banks

President Obama Has A Question About The JPMorgan Cyberattack

Alas, there is no answer. Read more »

  • 08 Oct 2014 at 5:00 PM
  • Banks

Citi’s Bout Of Montezuma’s Revenge Not Entirely Unforeseeable

La Casa de Corbat may have had an inkling about the problems that led to its $400 million Mexican nightmare. Or it may not have read all of those long, boring missives that the New York Fed insisted on sending year after year. Read more »