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A former Deutsche Bank salesman, Shigeru Echigo, has admitted to bribery charges in Tokyo, but Shigeru Echigo, 37, stated that he was only following his bosses’ instructions. According to a report by Bloomberg News, Shigeru Echigo was acting on instructions from…>read moreNo Comment April 22, 2014
According to Bloomberg News, when purchasing stocks that appear to be in the middle of a skydive, it is often referred to as “catching a falling knife” because of the obvious danger that is involved. Technical analysts Oppenheimer &…>read moreNo Comment April 8, 2014
China’s currency according to Bloomberg News is becoming less predictable and investors are paying the price. According to data collected by Morgan Stanley and the Depository Trust & Clearing Corp. in Washington, clients of U.S. commercial banks have lost around…>read moreNo Comment April 1, 2014
According to a filing with a U.S. federal court in New York, five banks involved in setting the London benchmark gold price have been accused in a lawsuit of price manipulation. The banks which oversee the benchmark – Societe Generale…>read moreNo Comment March 6, 2014
In efforts between Deutsche Bank and the U.S. Federal Housing Finance Agency over mortgage-backed securities, Deutsche Bank, Germany’s biggest bank, will pay 1.4 billion euros which is $1.9 billion to settle a lawsuit. This lawsuit is Deutsche Banks’s single largest…>read moreNo Comment December 20, 2013
Deutsche Bank Sued by US Government for Mortgage Fraud, Feds Represented by US Attorney Preet Bharara
On Tuesday, May 3, the Deutsche Bank was sued by the federal government, represented by US Attorney Preet Bharara. The bank has been accused of committing fraud and getting undeserved income by repeatedly lying so that it could benefit from…>read moreNo Comment May 5, 2011