Posts tagged "CFTC"
UNITE HERE Calls on Nevada Gaming Regulators to Investigate Deutsche Bank Role in Station Casinos

UNITE HERE Calls on Nevada Gaming Regulators to Investigate Deutsche Bank Role in Station Casinos

UNITE HERE’s Culinary Workers Union Local 226 has called on Nevada gaming regulators to investigate and determine Deutsche Bank’s suitability to be a casino owner following a guilty plea to criminal wire fraud by a subsidiary of the bank, the bank’s admissions of misconduct and its agreements to pay $2.519 billion in penalties to U.S. and British authorities to settle charges of rigging global benchmark interest rates namely the London Interbank Offer Rate (Libor). {read more}
How Will Deutsche Bank Be Affected by the LIBOR Scandal? (Part II)

How Will Deutsche Bank Be Affected by the LIBOR Scandal? (Part II)

UPDATE, 7/23: Deutsche Welle reports (“Deutsche Bank to make provisions for steep Libor fine“): “Deutsche Bank’s management and supervisory board were discussing provisions of between $300 million (247 million euros) and $1 billion, according to Handelsblatt, which quoted sources in the sector.” —– “Anxiety currently reigns at Deutsche Bank.” Our earlier post outlined several LIBOR-related questions for Deutsche Bank and its co-CEO Anshu Jain. Here we raise three more areas of concern: {read more}
How Will Deutsche Bank Be Affected by the LIBOR Scandal?

How Will Deutsche Bank Be Affected by the LIBOR Scandal?

No sooner had the dust settled from the extraordinary resignation of Barclay’s CEO Bob Diamond in the wake of the bank’s admission that it had illegally manipulated LIBOR, than people started asking what a Wall Street Journal Deal Journal blog described as the “obvious question: who’s next?” {read more}
12 Questions for Deutsche Bank in 2012

12 Questions for Deutsche Bank in 2012

On February 2, 2012, Deutsche Bank CEO Josef Ackermann will discuss the bank’s preliminary results for FY 2011. Ackermann will leave the bank in 2012—a year in which the World Bank projects a recession in the EU, an anemic recovery in the US, and reduced growth in emerging markets.  Against the backdrop of a projected global economic slowdown, and in preparation for Dr. Ackermann’s comments, we have posed 12 questions that may continue to haunt Deutsche Bank in 2012. {read more}