Banks
The Idea Of Broken Compliance Culture Has Failed To Penetrate The Corporate Defense Bar
Surely the Justice Department can’t be serious about holding companies to account for all of the hundreds of illegal things they’ve done?
Meet The Australian Wells Fargo
Westpac even (allegedly) conjured a scheme that eluded Wells’ most enterprising fraudsters.
Vampire Squid Proving Downright Maternal
With paid bereavement leave and six-week sabbaticals, you can just call it Goldman Snowflake.
No Wonder Jefferies Likes The Prime Brokerage Game So Much
(Allegedly) holding collateral and charging millions in fees for worthless positions is about as good a business as exists, until the arbitration claims come, anyway.
Credit Suisse To Stop Doing Thing It Wasn’t Making Any Money On Anyway
But which was putting it a huge legal, regulatory and financial risk for nothing.
Jeffrey Epstein To Bring Down Entire Global Financial Hierarchy From The Grave
Ties to the convicted pedophile is apparently the only thing powerful white men can’t talk themselves out of.
Firing Watch '22: Joe Biden Making Every Citigroup Employee Get Vaccinated
If you do it in the next month, you get $200. If you don’t do it within two months, you get canned.
Absolute Jewel Of A Bank Worth About As Much As A Rhinestone
Like the Hope Diamond, a curse hangs round the glitter of Monte dei Paschi di Siena.
Unnecessary Bonus Watch ’21: David Solomon
He doesn’t need the extra $50 million to stick around, but the board’s giving it to him anyway.
![By U.S. 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/MTYxMjc3MjA4NzE4MzUzOTA5/cftc.jpg)
Actually, That Information Wasn’t So Much Worthless As Worth $200 Million
The CFTC misspoke initially.
SEC Finds Everything Worked Fine During Memestock Madness, Will Look Into Changing Everything Anyway
Gary Gensler needs no damning report to get regulating.
Goldman, Morgan Stanley Didn’t Just (Allegedly) Screw Credit Suisse Over On Archegos Sales
At least one company did not enjoy having its shares dumped, it says in lawsuit form.
Add ‘Trading While Making Monetary Policy’ To The List Of Things Trump Appointees Don’t See As A Conflict Of Interest
Eric Rosengren and Robert Kaplan may be gone, but Elizabeth Warren will have Richard Clarida to kick around. Until January, anyway.
Bonus Watch ’21: Mike Mayo Is Not Amused By Jane Fraser’s Generosity
Simply showing up shouldn’t be sufficient for a $5 million payday.
Jamie Dimon Back To No Longer Publicly Hiding His Disdain For Cryptos
He’s back to calling them worthless and comparing them to cigarettes.
You Know Who Don’t Want To End Banking As We Know It? Banks.
Having gritted their teeth through Gary Gensler and Rohit Chopra, the pitchforks are out for Saule Omarova.
Maybe Goldman Should Pay The Guys With The Keys To The Room With All Of The Insider Information More
And also not take away their free ice cream.
If You’re Not Spreading A Deadly Pathogen Around The Globe, You’re Just Not Cut Out For Investment Banking
Tales from the pestilent road(show).
![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)
Who Says Federal Judges Can’t Trade Stocks Of Companies Whose Cases They’re Presiding Over?
Oh, the law says it. Huh.
Lying To, Overcharging Customers Sure Seems Like Wells Fargo’s Primary Strategy
Whether you’re a simple homeowner or a sophisticated investment banking client, it’s just the way Wells does business.
Does It Seem Odd To Anyone That This YouTube Executive’s E-Mail Address Is aleks@utoob.ck?
Not to the folks at Goldman Sachs Asset Management.
![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)