Category Archives: Banks

U.S. to fine Wells Fargo $1 billion — the most aggressive bank penalty of the Trump era

U.S. to fine Wells Fargo $1 billion — the most aggressive bank penalty of the Trump era – The Washington Post https://www.washingtonpost.com/business/economy/regulators-planning-to-slap-wells-fargo-with-1-billion-fine/2018/04/19/ec1f58c6-4415-11e8-ad8f-27a8c409298b_story.html?utm_term=.5d24cf09607d Re-posted from Washington Post. Geoff Geoff Comments: Top officers should have gone to jail…

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Why Aren’t Big Banks Paying Higher Interest Rates on Deposits though Rates Have Surged?

Why Aren’t Big Banks Paying Higher Interest Rates on Deposits though Rates Have Surged? | Wolf Street https://wolfstreet.com/2018/04/15/why-arent-big-banks-paying-higher-interest-rates-on-deposits-though-rates-have-surged/ Re-posted from Wolf Street. Geoff Geoff Comments: As usual, consumers are last to benefit…

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How Much Are Banks Exposed to Subprime? More than we Think

How Much Are Banks Exposed to Subprime? More than we Think https://wolfstreet.com/2018/04/11/how-much-are-banks-exposed-to-subprime-more-than-we-think/ Re-posted from Wolf Street. Geoff Geoff Comments: Banks love to gamble with our money, especially if they are “Too Big To Fail”…  

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John Cryan Fired As Deutsche Bank CEO; Replaced By Retail Bank Head Sewing

John Cryan Fired As Deutsche Bank CEO; Replaced By Retail Bank Head Sewing | Zero Hedge https://www.zerohedge.com/news/2018-04-08/deutsche-bank-preparing-replace-ceo-john-cryan-retail-banking-head Re-posted from Zero Hedge. Geoff Geoff Comments: It is about time, Deutsche Bank is the worse run of the world’s big banks…

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Deutsche Bank Just Never Disappoints

Deutsche Bank Just Never Disappoints | Wolf Street https://wolfstreet.com/2018/03/16/deutsche-bank-bigger-loss-2017-abandons-cost-cuts-2-3-billion-bonuses/ Re-posted from Wolf Street. Geoff Geoff Comments: It’s like a government trying to run a business… Not successfully…

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Wells Fargo faces sanctions for auto insurance payouts

Wells Fargo faces sanctions for auto insurance payouts – sources https://www.reuters.com/article/us-wells-fargo-accounts-auto-exclusive/exclusive-wells-fargo-faces-sanctions-for-auto-insurance-payouts-sources-idUSKCN1GR0G3?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F+US+%2F+Top+News%29 Re-posted from Reuters. Geoff Geoff Comments: Wells Fargo committed FRAUD against its customers, they should be sanctioned and worse…

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Toxic Debt Still Plagues Spanish Banks (and Taxpayers Will End Up Paying for It)

Toxic Debt Still Plagues Spanish Banks (and Taxpayers Will End Up Paying for It) | Wolf Street https://wolfstreet.com/2018/03/11/years-after-crisis-was-solved-toxic-debt-still-plagues-spanish-banks/ Re-posted from Wolf Street. Geoff Geoff Comments: The Spanish citizens are screwed!!!

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Gold, Diamonds Used To Bribe Banker In Sprawling $2 Billion Indian Fraud Scandal

Gold, Diamonds Used To Bribe Banker In Sprawling $2 Billion Indian Fraud Scandal | Zero Hedge https://www.zerohedge.com/news/2018-03-04/celebrity-jeweler-behind-indias-2-billion-banking-fraud-bribed-officials-state-run Re-posted from Zero Hedge. Geoff Geoff Comments: The World Banking System is very vulnerable and may collapse at any time…

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HNA Cuts Stake In Deutsche Bank Amid Liquidation Panic

HNA Cuts Stake In Deutsche Bank Amid Liquidation Panic | Zero Hedge https://www.zerohedge.com/news/2018-02-15/hna-cuts-stake-deutsche-bank-amid-liquidation-panic Re-posted from Zero Hedge. Geoff Geoff Comments: Deutsche Bank may not last the year… It is bordering on insolvent…

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Bridgewater Bets Big against Largest Banks in Spain & Italy

Bridgewater Bets Big against Largest Banks in Spain & Italy | Wolf Street https://wolfstreet.com/2018/02/10/bridgewater-bets-big-against-largest-banks-in-spain-italy/ Re-posted from Wolf Street. Geoff Geoff Comment: I assume their due diligence is top-notch…

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