Deutsche Bank

  • 14 Mar 2013 at 4:44 PM

The Less-Colorful Eliot Spitzer Strikes Again

No jurisdiction can hold me.

Hedge fund manager Phil Goldstein once said that when Massachusetts Secretary of the Commonwealth Bill Galvin looks in the mirror in the morning, he sees Eliot Spitzer. Granted, he said this before certain aspects of Client Number Nine’s private life hit the front pages, but the point was made.

And while Spitzer moves from one failed media venture to another—undoubtedly paying very close attention to a certain South Carolina House race—Galvin still carries the torch and a copy of the Bay State’s securities law. That law must be unusually broad, because he’s used it to fine a German bank $17.5 million for naughtiness related to a CDO created with an Illinois-based hedge fund. Read more »

  • 07 Mar 2013 at 5:31 PM

Pen And Pencil Watch ’13: Deutsche Bank

Remember when Citigroup announced it was going to save a bunch of money by banning color copies and requiring employees to print on both sides? Deutsche Bank appears to be taking a play from that playabook. Read more »

Deutsche Bank Sinks Right Past HSBC

Getting caught money-laundering for the Iranians and drug cartels is pretty bad for business, as HSBC’s 2012 results demonstrate. But coming into compliance with all these new banking regulations is even worse.

Disgraced though HSBC may be, what with the $4 billion-plus it paid in fines to regulators last year, and the 17% drop in profit that entails, the old Hongkong and Shanghai Banking Corp. managed to shrink less than its friends in Frankfurt in an unusual race backwards, thereby dethroning the Germans as Europe’s largest bank. Read more »

According to the police, they found Brian Mulligan high on bath salts after “several” calls had been placed about a man in the area “trying to break into cars” that fit Mulligan’s description. He supposedly told them he was “tired,” which they say is why they drove him to a motel to get some shuteye. When he (allegedly) emerged hours later and started running through traffic despite officers’ orders to get out of the street, later assuming a “fight stance,” they decided it was necessary to deal with him in an aggressive manner. Didn’t want to, felt they owed it to him. According to Mulligan, it was more like this: Read more »

That’s them up there on the giant logo. Read more »

  • 01 Feb 2013 at 12:32 PM

Bonus Watch ’13: Deutsche Bank

The good news: there will still be bonuses this year, which is something. The even better news, for the tantric bonus fans among us: it’ll be a while before you see it all. Read more »

  • 31 Jan 2013 at 2:30 PM

Germany Looks At Its Banks

For all their saber-rattling and bold talk about a fix to the problem of global financial risk, the Germans haven’t done a hell of lot to rein in their banks. There is, for instance, no Großdeutschesvolckerregierung. At least, not yet. Read more »