Visitors Now:
Total Visits:
Total Stories:
Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Six Current or Former Deutsche Bank Managers Charged with Fraud Related to Monte dei Paschi Derivatives

Saturday, October 1, 2016 16:38
% of readers think this story is Fact. Add your two cents.

(Before It's News)

mishtalk.com / Mike “Mish” Shedlock / October 1, 2016 3:02:43

Deutsche bank shares recovered from a plunge to all-time record lows on Friday on a “save the day” news leak that the US department of Justice would reduce its mortgage-manipulation fine from $14 billion to $5.4 billion.

Shares that were down about 9% rallied to close up 6.4%. Deutsche bank had set aside $5.5 billion to cover losses. The $14 billion fine was nearly as large as companies market cap of about $18 billion.

Today, six current or former Deutsche Bank managers along with seven other individuals were charged with fraud related to Monte dei Paschi derivatives. Banca Monte dei Paschi, in Italy, is the world’s oldest bank, dating to the year 1624.

READ MORE

The post Six Current or Former Deutsche Bank Managers Charged with Fraud Related to Monte dei Paschi Derivatives appeared first on Silver For The People.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.