Deutsche Bank posted its Q3 number Tueday, which came in at $1bn, ahead of analyst estimates.
Celebrated author Ivana Takitall has a new book out ('How To Make Money During A Financial Crisis - Learn How To Predict The Future In Just 7 Days').
Here's a different kind of bank withdrawal.
By Walter Isaacson
Preet Bharara, the United States Attorney for the Southern District of New York, and Janice K. Fedarcyk, the Assistant Director-In-Charge of the New York Office of the Federal Bureau of Investigation ('FBI'), announced last week that Drew K. Brownstein (aka 'Bo Brownstein'), CEO of a Denver-based hedge fund (the 'Hedge Fund'), pled guilty in Manhattan federal court to securities fraud arising from an insider trading scheme in which he received material, non-public information ('Inside Information') about a pending acquisition of Mariner Energy, Inc. ('Mariner) by Apache Corporation ('Apache').
The bad news continues.
Even BofA CEO Brian Moynihan had to laugh (apparently).
Here's the latest from our Highly Placed Professional.
Here are a few links to some interesting Bloomberg, New York Post and Reuters stories that are currently doing the rounds.
UBS has won a London lawsuit filed by an asset management firm that said that investment banking job cuts at the bank undermined a joint venture.
TheCityUK’s new London Employment Survey, released Monday, shows that the financial and related professional services industry has continued its strong recovery.
Swiss private bank Julius Baer had 'reacted swiftly' to the recent appreciation of the Swiss currency by launching a cost savings program worth around 100 million Swiss franc ($108.03 million), the lender's CEO told CNBC.