Category Archives: Regulations and regulators

Deutsche Bank Unlikely to Get Much of a Break From the DoJ’s $14 Billion Mortgage Fine Target

Deutsche Bank isn’t likely to have much luck in trying to get a big break on a pending Department of Justice fine.

Class Action Lawsuit Against Wells Fargo Seeking $2.6 Billion for Wrongful Terminations Unlikely to Go Very Far

A case arguing that Wells Fargo fired and demoted employees who didn’t commit fraud to meet sales targets, does not deliver the goods.

Backlash Against Trade Deals: The End of U.S.-Led Economic Globalisation?

Why the backlash against the overreach of US trade deals, as embodied by the TPP and TTIP, is well warranted.

The Private Debt Crisis

Why private debt is so dangerous, and why that risk looms large, particularly in China.

Wells Fargo Fake Accounts Hidden by Fake Whistleblowing: Former Employees, Including HR Officials, Allege Systematic Retaliation

As short seller David Einhorn says, “No matter how bad you think it is, it’s worse.” That’s proving true at Wells Fargo as former employees allege systematic whistleblower retaliation.

Wells Fargo CEO’s Teflon Don Act Backfires at Senate Hearing; “I Take Full Responsibility” Means Anything But

Wells Fargo CEO John Stumpf’s days are numbered, as they should be based on his inability even to fake contrition in Senate hearings.

Theresa May Outs Herself as Wall Street’s Poodle in Brexit Talks

It would be better if the latest Brexit news were a farce….

Wells Fargo’s Management by Magical Thinking Comes Up Short in the Cover-Up Category

The more the press digs into the the sordid details of the Wells Fargo fake account scandal, the more rancid the stench.

Deutsche Defies DoJ, Says It Won’t Pay Anything Near $14 Billion in Mortgage Settlement

Deutsche has launched a media war against the DoJ.

DoJ Opens Investigation Into Wells Fargo Fake Accounts; Why Top Execs Are Responsible

Sanctimonious Wells Fargo may finally be getting its comeuppance.

The City Will Decline—and We Will Be the Poorer for It

What might Brexit-induced losses to the City cost the UK economy?

Wells Fargo CEO John Stumpf Blames Nasty, Scheming Employees for Fake Accounts Scandal

If Stumpf were captain of the Titanic, not only would the crash be the iceberg’s fault, but he’d also get the first seat on the lifeboat

Wells Fargo Exec Who Oversaw Fake Accounts Received $125 Million Upon Recent Retirement, Praise from CEO; Senate Hearings Next Week

The Wells Fargo “fake accounts” scandal gets uglier.