Department of Justice

Deutsche Bank Considering Alternatives To Paying Cash Bonus

In what may be the worst news yet for DB's employees, moments ago Bloomberg reported that the German Bank is exploring "alternatives to paying bonuses in cash" as Chief Executive Officer John Cryan seeks to boost capital buffers.

California Attorney General Launches Criminal Probe Into Wells Fargo Over Fake Accounts

The California DOJ has launched a criminal probe into Wells Fargo on allegations of identity theft over its creation of millions of unauthorized accounts, according to a search warrant sent to the bank’s San Francisco headquarters this month.  As Reuters adds, the AG warrant seeks to seize documents at Wells, and cites probable cause that felonies were committed at the bank.

Wikileaks Releases Another 1,803 Podesta Emails In Part 12 Of Data Dump; Total Is Now 18,953

The daily dump continues.  In the now traditional daily routine, one which forces the Clinton campaign to resort to ever more stark sexual scandals involving Trump to provide a media distraction, moments ago Wikileaks released yet another 1,803 emails in Part 12 of its ongoing Podesta Email dump, which brings the total number of released emails to 18,953.

World Gone Mad: Japanese Investors Edition

Will we ever learn? Bonds which never pay back principal, yield only 1%, and are converted to equity if the issuer gets into trouble (that is, at exactly the time when you don’t want to own their stock), are being enthusiastically snapped up by Japanese investors.

Why Hillary Clinton Is Not Like Edward Snowden

In an election year where libertarians have reason to fear every candidate on the ballot, public calls for Hillary Clinton to be held accountable for her obvious violations of the law are a rare bright spot.

Gundlach: "Deutsche Bank Will Be Bailed Out But What About Credit Suisse"

While Germany's largest lender would ultimately be rescued by the German government if needed, other banks in the region wouldn’t be able to count on such support, Gundlach said. “Deutsche Bank will be supported by Germany if push comes to shove, but what about Credit Suisse, which has shown a similar decline in stock price? Who’s there to bail them out?”