• 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 »

  • 04 Aug 2014 at 12:02 PM

Donald Trump Now Offering Legal Advice To Barclays

Back in July, Barclays was hit with a major lawsuit by New York Attorney General Eric Schneiderman, who alleged the bank “favored high-frequency traders in its dark pool and then lied to clients about their participation in the trading venue.” It wasn’t a great look for the Brits and it came at an especially awkward time for chief executive officer Antony Jenkins, who was supposed to be making the place less fraud friendly than it was under his predecessor. And while the bank has its own lawyers on payroll, who have already responded to the charges, one guy who knows from lawsuits has chosen to offer his unsolicited counsel nevertheless. Read more »

“A couple of weeks ago, I visited Mexico City—one of my favorite cities in the world. It’s a remarkable place, not least because of the food, the museums, and the culture, but also because of the incredible economic changes taking place in Mexico right now—both in the capital and all around the country. Every time I visit, I think the same thing: if I were starting my career, especially if I lived in a nation where I couldn’t explore my full potential, I’d try my luck in Mexico. Why? Because Mexico is finally beginning to unlock its true potential as an economic powerhouse.” [BI]

  • 09 Aug 2011 at 12:12 PM

Dick Bové Was Offended By The Bank Of America Sell-Off

Sometimes he doesn’t get you people. It’s like you’re speaking another language or something. Needless to say, you sicken him. Read more »

  • 19 Feb 2010 at 10:43 AM

Dick Bove’s Spring Break Reading List

And now, we present you Dick Bove, book reviewer. In a note yesterday, Dick tells us about a great new read he recommends (“great” mostly because someone, finally, is agreeing with what he’s been saying forever). It’s called This Time is Different: Eight Centuries of Financial Folly and he wants you to pick up a copy today. Yes, it’s “not an easy read,” but fear not people, Dick broke it down for us: “I recommend that readers buy the book and just read chapters 10, 13, and 16 to get at the thrust of this massive effort. In fact, just read pages 270 to 273 to get at the core of this work.” Or you know, just read Dick’s notes. “They reach the same conclusion that I have. A flood of unregulated money that pours into a national economy creates the base for a financial collapse.”

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