Posts tagged "derivatives"
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}
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}
Deutsche Bank in Tangled PIIGS CDS Web

Deutsche Bank in Tangled PIIGS CDS Web

According to the Wall Street Journal, Deutsche Bank is at the center of a “tangled web” of sovereign Credit Default Swaps (CDSs) in Europe.  New data from the European Banking Authority (EBA) indicates that European banks have bought and sold €178 and €169 billion in sovereign CDS, respectively. {read more}

“Mr. Something to Hide”? SEC Chief Khuzami and Deutsche Bank

On November 28, 2011, Judge Jed S. Rakoff of Federal District Court filed a “blistering” 15-page opinion in response to the SEC’s proposed $285 million settlement over a $1 billion CDO packaged by Citigroup. According to the SEC, Citigroup’s clients took a loss of $700 million while Citi raked in $160 million in profits on its short position. Citigroup neither confirms nor denies the charges. {read more}