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UBS Took Over A Credit Suisse Strategy So It Gets To Pay The Fine For It
Some rare good news for Credit Suisse.
Credit Suisse To Pull BlackBerrys, Apple IIes Out Of Storage
There’s nowhere else to cut, so we hope the Swiss are good at long division.
Shareholders Of America’s Worst Bank Amply Rewarded For, Uh, Well, We’re Not Sure, Exactly
Charlie Scharf offers bread and circuses to keep the Wells Fargo masses from calling for his head.
Credit Suisse’s Relationship To Cocaine Goes Further Than Most Bankers’ Usually Familiarity With It
The bank helped the Bulgarian mob keep the yayo proceeds flowing cleanly.
Self-Employed? Weird Credit Profile? Unconcerned By Soaring Inflation And Mortgage Rates? Venkat Would Like To Get You Into A Nice New Semi-Detached
Where others flee, Barclays boldly doubles down.
Layoffs Watch ’22: JPMorgan Chase, Wells Fargo
If you can do something other than mortgages, great. If not…
Credit Suisse: Law Designed To Protect Our Clients Actually Protects Us From Them
Hey, when you’re in Thomas Gottstein’s shoes, you’ll grasp at any disreputable straw you can find.
Bonus Watch ’22: British Bankers
Boris has a little pre-byelection present for you.
Citi May Lose Half-Billion On Revlon Snafu A Second Time
While some doubt Revlon will screw over its erstwhile ally, the company hasn’t hesitated to do it before.
Credit Suisse Makes Human Sacrifice To Appease Gary Gensler
Perhaps now the regulatory gods will show the bank favor for once.
SEC Probing Whether Goldman Managed To Violate Its Impossibly Easy ESG Standards
Your funds don’t actually have to help save the world, but they do have to live up to their marketing materials.
Compensation Watch ’22: Deutsche Bank Strats
If you don’t leave, you still won’t make as much as your peers elsewhere, but the gap won’t be quite as embarrassing.
Wells Fargo Turns Well-Intentioned Diversity Push Into Criminal Matter
As you’d expect from the flaming stagecoach.
State Street Agrees: Buying Credit Suisse Would Be Stupid
Turns out rumors sometimes are just rumors.
Layoffs Watch ’22: State Street Might Like To Buy A Smaller Credit Suisse
What will come first? The cannings or the unsolicited offer?
Wells Fargo Calls Time Out On Its Rooney Rule
After imposing a few more modest hurdles for its employees the clear in cheating, the diversity interviewing policy shall return.
Latest Citi Fat Finger Also Clicked Through A Whole Host Of Warnings
In fairness to him or her, there were working on a day off.
Brian Moynihan Tries To Call Jamie Dimon A P*ssy With Spectacular Self-Own
Pfffft. Who isn’t living in an unrelenting hellscape all the time? God.
Wells Fargo Employees Not Taking Management’s Word For It
If they have to they’ll just fix the whole damned place themselves, and distribute Charlie Scharf’s bonus among them.
Charlie Scharf Has A Few Weeks To Fix Wells Fargo Or He’s Going To Have A Very Unpleasant Time In Washington
Sherrod Brown would like to remind him of what happens when senators get angry at Wells CEOs.
Jeez, If You Didn’t Know Any Better, You’d Almost Say Deutsche Bank Looks Like A Criminal Organization
What with all of the cops crawling all over the place and all.
Seven Million Dollar Fines Levied On Wells Fargo Don’t Make Anti-Money Laundering Compliance Sound Sacrosanct
Charlie Scharf is probably not even made aware of penalties under eight figures.
Wells Fargo Takes Page From NFL’s Diversity Playbook, Gets Same Result
And now, like the NFL, it’s getting sued over it.
Bonus Watch: JPMorgan Chase CEOs
Jamie Dimon’s one-time-only special retention bonus will definitely not happen again.
Credit Suisse’s Risk Department Every Bit As Weak, Bullied As Credit Suisse’s Actions Suggest
Despite earlier reassurances to the contrary, where there’s this much smoke, there is a raging risk and compliance fire.
BofA Illegally Took Customers’ Money, Charged Them For The Pleasure
And now the CFPB is levying its own charges.
Citigroup’s Still Got Some Risk Control Work To Do
Another day, another fat finger.
Frankfurt Police Making The Rounds Of All The Banks
It’s nice that they’re all so close together, and maybe also committing the same crimes.
Credit Suisse Shareholders Open Door To Lawsuits, Simultaneously Begin Filing Them
A modicum of competence and attention to fiduciary duties may be necessary to get that legal liability discharge.
It Sure Is Handy That The German Police Already Know Where Deutsche Bank Keeps Its Suspicious Activity Reports
Because they’re back for another look.
Eyewear Company Thinks JPMorgan Needs Some Glasses
The better to spot the obvious fraud with. And also maybe to read this lawsuit it just filed.
Credit Suisse Investor Would Like To Know A Bit More About That $5.5 Billion Loss, Suspects Bank May Not Be Especially Well-Run
In fact, Norges Bank Investment Management would like a pretty thorough check before it forgoes its right to sue everyone.
Five Profit Warnings In A Year-And-A-Half Is Totally Normal, Right?
It is if you’re Credit Suisse.
Prosecutors Spoof Spoofer Into Guilty Plea For Spoofing
For once, things go according to plan for the DoJ.
Bonus Watch ’21: Up-And-Coming Local D.J.s
David Solomon better hope Lollapalooza pays well if Glass Lewis gets its way.
Morgan Stanley Plumping For All The Little Archegoses Out There
The House of Gorman wants to be the home of the family office.
‘Obvious, Commercial, Accessible, Competent, Inoffensive’: David Solomon’s Art Imitates His Life
Get ready for some ‘VIP-room style’ beats, Lollapalooza.
Guy Nominally Overseeing Credit Suisse’s Archegos Disaster Also Allegedly Not Great At Managing Women
Brian Chin apparently saw no issue with keeping the ladies in the Birdcage.
On Second, Post-Probe Thoughts, Investor Thinks Morgan Stanley May Really Have Screwed It Over Here
With this new s**t that has come to light, Disruptive Technology has a whole new perspective on its block trade last year.
Are Attorneys Responsible For $600M ‘Stupid’ Mistake?
It sure looks like that's what happened...
You’ll Never Guess Which Big Global Bank Is Already Under Investigation For Breaking Russia Sanctions
Yup, it’s the one that really got “into the Russian psyche.”
Firing Watch ’22: Barclays Back Office Staff
A bit of incomprehensible stupidity just cost the bank nearly $600 million.
Credit Suisse Out Another Half-Billion Dollars
That board shakeup makes ever more sense now.
Pearl Jam, Beastie Boys, Metallica, Kanye West, Radiohead, Foo Fighters, D-Sol
The Goldman Sachs CEO prepares to do what Nirvana never did.
Jamie Dimon Runs His 2024 Presidential Platform By Guy He Plans To Replace
The next president of the United States is from Queens, but it won’t be the last president of the United States from Queens.
Black Mortgage Applicants Do About As Well As Black Job Applicants At Wells Fargo
They’re apparently not as “qualified” as their white co-applicants, either.
You Know, Now That You Mention It, Maybe Credit Suisse’s Board Could Use A Fresh Coat Of Paint
And that’s what it’s getting, to temporarily cover over all of the rot beneath.
Maybe Serving As Payment Agent For Sovereign Debt Is Another Business Citi Should Get Out Of
At least when it comes to rogue states and uniquely recalcitrant debtors.