Posts tagged "Deutsche Bank"
Why do EU TTIP negotiators want to weaken bank regulations designed to protect taxpayers after the financial crisis?

Why do EU TTIP negotiators want to weaken bank regulations designed to protect taxpayers after the financial crisis?

TTIP talks took place in Brusseks last month, where Eurobanks aim to undermine proposed regulations for foreign banks by the Federal Reserve.  We want to know, what is Deutsche Bank– and Germany– doing behind closed doors? What will the EU trade to help get financial services included in TTIP?   The new Federal Reserve rule finalized in January 2014 will require Deutsche Bank, like all other too-big-to-fail banks operating in the US, to maintain minimum capital and liquidity as a backstop against taxpayer losses in the event of another financial crisis. But the Association of German Banks has lobbied against this rule and is pushing for a clause in the TTIP that would allow banks like Deutsche Bank to weaken its effect.  Why would European negotiators push for a process that would weaken bank solvency rules designed to protect all of us?  Conservative economist Simon Johnson wrote a piece on the lack of... {read more}
Deutsche Bank Whistleblowers Make Headlines

Deutsche Bank Whistleblowers Make Headlines

Today, three whistleblowers from Deutsche Bank made front-page news in the Unit­ed States and Europe.  DBRiskAlert would like to congratulate these courageous employees – especially former Bank Risk Analyst Eric Ben-Artzi, who brought forward his concerns with the help of the Government Accountability Project. If you haven’t yet seen the Financial Times articles, read them here, here and here.  (free registration required.) Also, check out a recent post in the Free Exchange blog on how these issues (and TBTF) are impacting shareholder value for the big banks. We will be following this unfolding story in the days, weeks and months to come. {read more}
Was Deutsche Bank Bailed Out?

Was Deutsche Bank Bailed Out?

Update, 2/12/16: Deutsche Bank should insist on an immediate buyout of its Las Vegas casino stake through the Station Casinos IPO. In October 2008, as the last global financial crisis raged, Deutsche Bank’s CEO Josef Ackermann boasted to German reporters that his bank did not need and would not accept a government bailout, a claim that’s been often repeated in the financial press. “I would be ashamed if we were to take state money during this crisis,” he reportedly said.[1] But how do you define “bailout” and “taking state money”? If, for example, one narrowly construes a bailout to be a direct equity infusion from government coffers, then Ackermann is correct – Deutsche Bank, unlike its smaller rival Commerzbank, did not receive an equity infusion from the German government. Nor did it receive funds directly from the US Troubled Asset Relief Program (TARP.) But that doesn’t mean it didn’t accept government... {read more}