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Today's Headlines

Bloomberg: Deutsche Bank(DB) Charged Over Paschi Accounts as Legal Hits Mount. Deutsche Bank AG was dealt a fresh blow on Saturday when an Italian court charged the company, an employee and five former executives for colluding with Banca Monte dei Paschi di Siena SpA to falsify the Italian lender’s accounts in 2008. Michele Faissola, who oversaw global rates at the time, and Ivor Dunbar, former co-head of global capital markets, were among those indicted in a Milan court.
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Today's Headlines

Business & Finance / Investing : Between the Hedges

Bloomberg: Monte Paschi Rating Cut by S&P on Concern Losses May Increase. Banca Monte dei Paschi di Siena SpA (BMPS), the Italian lender facing a government investigation stemming from money-losing structured deals, had its credit r...

Italian Bank Scandal Spreads To Other Banks: Berlusconi Big Winner

Business & Finance : Zero Hedge

As we warned last week when the BMPS fraud story broke, this is highly likely to be the canary in the Italian banking system coalmine; and sure enough today, Reuters reports that: ITALIAN PROSECUTORS INVESTIGATING MONTE PASCHI, BNL,...

Deutsche Bank Co-CEO And CFO Under Investigation In Tax Probe

Business & Finance : Business Insider: Clusterstock

This just in from the Associated Press's Twitter account: Bloomberg News reported earlier that Deutsche Bank's Frankfurt headquarters were raided today by authorities as part of a two-year-old tax fraud investigation related to the ...

First Monte Paschi Banker Arrested With $54mm Stash

Business & Finance : Zero Hedge

Unfortunately for the apparently not quite big enough to not fail Italian bank's former leaders, the Monte Paschi derivative debacle just won't go away. As Reuters reports today, the first (or many) arrests have been made. Gianluca ...

Another Italian bank getting smoked today: Banca Monte dei Paschi di Siena SpA down 5%.

Business & Finance : Business Insider: Money Game

Another Italian bank getting smoked today: Banca Monte dei Paschi di Siena SpA down 5%. Please follow Clusterstock on Twitter and Facebook. Join the conversation about this story »


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