• News

    Munich Re Employees Fired For Hosting Extremely Well-Organized Hooker Party

    Color-coded armband-organized.

    / May 18, 2011 at 5:44 PM
  • News

    German Banker Involved In “Most Expensive Car Crash In History”

    The fellow pictured at left is 28 year-old German banker Steffen Korbach. He looks pretty happy because he’s got that cool shirt on and because the photo was taken prior to his totaling a £1.4million Pagani Zonda F Clubsport Roadster (only one of 25 in the world). Let’s hear his story.

    / Feb 24, 2011 at 1:09 PM
  • News

    Stephen Schwarzman Gives World Yet Another Reason To Want A Piece Of This

    When one considers the many, many reasons to admire Stephen Schwarzman, difficulty arises in keeping the list to a manageable length. An abridged version, a mere fraction of his attributes, would include building Blackstone with own two hands, his support of literacy, his vision and execution in creating Yale’s first Ballet Society, his passion as […]

    / Nov 12, 2010 at 12:53 PM
  • News

    Layoffs Watch ’10: Deutsche Bank

    Cuts going down circa now.

    / Nov 8, 2010 at 1:58 PM
  • News

    Germans Ban on Naked Short-Selling Just Fueling More Fear

    Say “auf Wiedersehen” to naked short selling in Germany. Because of “exceptional volatility” in euro-area government bonds and credit-default swaps, massive short-selling was leading to excessive price movements which “could endanger the stability of the entire financial system,” Germany’s BaFin financial services regulator said today.

    / May 18, 2010 at 5:20 PM
  • News

    Deutsche Bank Employees Feeling Unappreciated

    What are they doing about it? Considering their options, that’s what. According to people familiar with the matter, a number of employees — including some of the bank’s most talented and highest-paid people — are feeling that they aren’t being fairly compensated for their work in helping the bank weather the financial crisis without having […]

    / Mar 12, 2010 at 10:45 AM
  • News

    Bonus Watch ’10: Zee Germans Will Be Clawing Back

    To: Group Internal Communications Sent: 02/04/2010 04:15 AM Subject: Compensation The German follows the English text / Die deutsche Übersetzung folgt im Anschluss Dear Colleagues Our industry is still facing tremendous public debate in the aftermath of the disruptions caused by the financial crisis, particularly in regard to compensation principles, bonus payments, banking taxation and […]

    / Feb 4, 2010 at 8:50 AM
  • News

    WestLB Finally Gets Its Bailout

    Despite being owned by the government, WestLB is only now getting the government-funded bailout that is apparently the right of every bank. Unlike many of the rest of the banks on both sides of the Atlantic, which got their billions (or trillions) with few–if any–strings attached, Germany and the European Commission are force-feeding WestLB some […]

    / Nov 24, 2009 at 2:51 PM
  • Hedge Funds

    Maybe This Whole K1 Thing Is Just A Big Misunderstanding

    The arrests and the hundreds of millions of dollars in potential losses notwithstanding, is the alleged fraud at German fund of hedge funds firm just a simple case of lost in translation? Or an accounting snafu? Cautioning against boldness, the firm’s auditor–a professor of finance and accounting at an august German institution of higher education–wants […]

    / Nov 2, 2009 at 11:28 AM
  • News

    Today In Handcuffs: Helmut Kiener Come On Down!

    German police have arrested the founder of K1 Group, Helmut Kiener, in connection with an investigation into allegations of fraud at his hedge fund, a local prosecutor said. European and U.S. authorities are investigating allegations that K1 embezzled millions of dollars from several global banks, including J.P. Morgan Chase & Co., Barclays PLC, BNP Paribas […]

    / Oct 29, 2009 at 12:15 PM

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