The SEC Is Making Deutsche’s CEO Personally Responsible For Bank’s Crimes

Since launching its last major international expansion push in the late 1990s, Deutsche Bank has become knonw – particularly over the last ten years – for manipulating markets (most recently in the precious metals “spoofing” scandal in the US) and aiding countless oligarchs and criminals in their money laundering endeavors, among other transgressions. The bank has…

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Another Bank Bailout Under Cover of a Virus

Bulls Charge To All-Time Highs As discussed previously in “Insanely Stupid,” we noted the market remained confined to its consolidation channel, but the bullish bias was to the upside. “While the market has not been able to push above the recent July highs, support is holding at the rising bullish trend line. With the short-term ‘buy signals’ back in…

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JPMorgan Is “Counting The Days” Until The Second Covid Wave

As governments ease lockdown restrictions, attention is focused on the risk of a second wave of COVID-19 infections. And, as JPMorgan writes, “the message from most people is: so far, so good, although as everyone also recognizes the lags with COVID-19 are long, so that three-to-four weeks need to pass in order to see how…

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Get Ready For World Money

Since Federal Reserve resources were barely able to prevent a complete collapse in 2008, it should be expected that an even larger collapse will overwhelm the Fed’s balance sheet. That’s exactly the situation we’re facing right now. The specter of a global debt crisis suggests the urgency for new liquidity sources, bigger than those that…

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Deutsche Bank, Donald Trump, And An Epic Trail Of Destruction

The Institutional Risk Analyst, we review the new book by David Enrich, “Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction.” Enrich is currently a financial editor at The New York Times and was previously an editor at The Wall Street Journal covering financial institutions. This important book puts in perspective the history of Deutsche Bank AG (NYSE:…

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Coronavirus Triggers “Biggest Shock” To Oil Markets Since Lehman Crisis

Update: The Telegraph’s Ambrose Evans-Pritchard warned that the collapse in Chinese oil consumption is “the biggest shock to oil markets since the Lehman crisis.”  Evans-Pritchard said the plunge in consumption could be between three to four million barrels per day, adding that this amount is twice UK’s North Sea oil output.  We noted earlier (see below), OPEC+ couldn’t come to…

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Former Co-Head Of Investment Banking At Goldman Asia Banned For Life By The Fed

Former Goldman Sachs partner Andrea Vella has been barred from the industry over his involvement in the Malaysian investment fund scandal known as 1Malaysia Development Berhad (1MDB), a press release from the Federal Reserve said Tuesday.  Vella, a former the Goldman Sachs’ co-head of investment banking for the Asia Pacific, was placed on leave in 2018 after…

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