Banks
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.
![Brian Katt at the English language Wikipedia [GFDL, CC-BY-SA-3.0 or GFDL], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MTI2MzA4ODY1NTI1/bofa.jpg)
BofA Illegally Took Customers’ Money, Charged Them For The Pleasure
And now the CFPB is levying its own charges.
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.
![By Chris Potter (Flickr: 3D Judges Gavel) [CC BY 2.0], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MTIzODkyNjg0Mjc3/gavel.jpg)
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.
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.
Deutsche Bank’s Values Now Apparently Include Shunning Aggressive Warmongers
We know, they didn’t include that three days ago.
![By World Economic Forum (Flickr: The Global Financial Context: James Dimon) [CC BY-SA 2.0], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MzI1MjE5Mjc2Mjc3/jamie.jpg)
If Goldman Sachs Won’t Do Business In Russia, Jamie Dimon Guesses He Can’t, Either
Deutsche Bank, though? Still very much in Moscow.
Banks Not To Blame For Bogus Bank Transfers On Bank-Owned Platform, Banks Say
That is, until they get a call from the Gray Lady.
Wells Fargo Would Like To Keep Its Rigged Arbitration Victory, Please
I mean, a little panel-tampering and light perjury can’t possibly render one of those things moot, right?
Ex-Goldman Partner As Good At Forging Divorce Papers As He Was At Bribing Malaysian Officials
How one man was married to three women at the same time, and how it may sink the case against his old friend.
Banks Seem Willing To Accept No Money In Exchange For Pretending Archegos Doesn’t Exist, Never Happened
Allianz also accepts that discretion is the better part of valor.
![By Beyond My Ken (Own work) [GFDL or CC BY-SA 4.0-3.0-2.5-2.0-1.0], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MjEzNTUxMDQ0NTcy/foleysquare.jpg)
Was Everyone At The SDNY Sick The Day They Taught Discovery At Law School?
There is a pattern developing, and not a good one if the Justice Department ever wants another Wall Street fraud conviction to stick.
Bonus Watch ’15-’21: Former Barclays CEO/Friend Of Sex Criminals
Barclays’ quarterlies are good for everyone except Jes Staley.
Credit Suisse’s Fondness For Spies Extended To Its Client List
Any Middle Eastern intelligence chief worth his salt had at least one account in Zürich.
It Has Stopped Being A Good Thing To Be Friends With Morgan Stanley’s Block Trading Head
Calls from Pawan Passi have been succeeded by calls from federal prosecutors and Gary Gensler.
Oh, Just Get To The Serial Bigamy Already
Before we get to the juicy stuff at the ex-Goldman banker 1MDB trial, we’ve got to hear about all the fraud.
![By US government [Public domain], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3NjkyNDM5MzczMzAx/gensler.jpg)
The Latest Standard Wall Street Practice That Is Apparently Rife With Fraud
Block trading is getting the old Garland-Gensler double-team.
Bonus Watch ’21: Citi CEOs
Jane Fraser gets a raise, but is still making only two-thirds as much as her peers.
You Know It’s Bad When A Judge Says ‘Wells Fargo Committed Fraud’ And That’s Not The Key Issue
You also probably won’t be surprised to see our old friends at FINRA popping up.
Compensation Watch ’22: Bank of America
It’s going to cost BriMoy & co. more than a few shares to keep the big guns happy.
![By D J Shin (Own work) [CC BY-SA 3.0 or GFDL], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MTIyNTUwOTAwMjEz/sanko-seisakusyo---tin-wind-up--tiny-zoomer-robots--front.jpg)
UBS Hires Robots To Manage Money For Relatively Poor People
$1.4 billion is a small price to pay to not have to hire financial advisers.
