Newspaper

Some Deutsche Bank Clients Unable To Access Cash Due To "IT Outage"

Deutsche Bank suffered a further blow to its image over the weekend with a third alleged "IT outage" in the space of a few months on Saturday, that prevented some customers getting access to their money for a short time: "Customers can not access their cash because it is blocked", a customer complained to Germany's Handelsblatt.

Paul Craig Roberts Urges "Bring Back The Cold War"

Pundits have declared a “New Cold War.” If only! The Cold War was a time when leaders focused on reducing tensions between nuclear powers. What we have today is much more dangerous: Washington’s reckless and irresponsible aggression toward the other major nuclear powers, Russia and China.

"Virtue Signaling"... Or Why Clinton Is In Trouble

Can fear of Trump motivate? Sure it can. But if Brexit taught us anything, it’s the limitations of a fear-based campaign, at least when the fear-mongers are the same smarter-than-thou elites who tsk-tsk their deep and abiding concern for the benighted masses from Davos or Jackson Hole. Status quo candidates don’t win on fear alone.

Largest Dutch Bank To Fire Thousands

One day after Germany's second largest lender confirmed reports of a massive restructuring when it announced it would lay off nearly 10,000 employees, or about 20% of its entire workforce while slashing the bank's dividend for the rest of the year, the Dutch newspaper Het Financieele Dagblad reported that ING Groep, the largest Netherlands lender, will announce thousands of job cuts at its investor day on Monday.

Saudi Arabia Reacts To Sept. 11 Bill Veto Override

While so far there has been nothing but a stony silence from Riyadh, some Saudis have bristled, saying the kingdom should curb business and security ties in response. "What would happen if Saudi Arabia froze its cooperation with the United States with regards to counter-terrorism as a response to JASTA?"

Futures Fail To Rebound As Deutsche Bank Tries To Comfort Markets That It Is "Fine"

After yesterday's "Hillary rally" in the US, the overnight's session has seen more risk-on sentiment as European stocks advanced, ignoring weakness in Asia as investors followed every twist of shares of beleaguered lender Deutsche Bank, whose CEO last night assured Bill readers that the bank is not seeking a bailout, which however was contradicted by a Zeit article this morning reporting that Germany may seek as much as s 25% "bailout" stake in a worst case scenario.

"America Is On Our Side": Al-Nusra Commander Tells German Press US Is Arming Jihadists

US weapons are being delivered to Jabhat Al-Nusra by governments that Washington supports, a militant commander told the German media, adding that American instructors were in Syria to teach how to use the new equipment.
"Israel is now giving us support because Israel is at war with Syria and with Hezbollah... The Americans are on our side."

Germany "Other" Bank: Commerzbank To Fire 9,000, 18% Of Its Entire Workforce

Germany's second biggest bank, Commerzbank, is planning to cut around 9,000 jobs over the coming years as Germany's second biggest lender pushes ahead with a restructuring plan, Handelsblatt reported earlier today. citing unnamed sources in the finance industry. The round of layoffs would eliminate a massive 18% of the bank's entire workforce.

Libyans Who Once Opposed Gaddafi Now Regret US-Led Regime Change

Who actually benefits from American-led wars across the globe? The aftermath of American-led conflicts shows it is not the common people, though the military and politicians vow they are liberating and protecting them... "Before 2011, I hated Gaddafi more than anyone. But now, life is much, much harder, and I have become his biggest fan."