Deutsche Bank

Has the Crash of the Global Financial Markets Begun?

Even as some insist that the global economy is in “secular stagnation,” the facts suggest that we may be entering the “worst” depression in history. The global markets have been on a slippery slope since the summer of 2007, and things have only been getting worse in 2016. The picture looks dismal, no matter which theoretical lens one uses. (This […]
The post Has the Crash of the Global Financial Markets Begun? appeared first on BSNEWS.

Bank Crimes Pay

November 13, the United Kingdom’s Serious Fraud Office (SFO) announced it was charging 10 individual bankers, working for two separate banks, Deutsche Bank and Barclays, with fraud over their rigging of the Euribor rates. The latest announcement shines the spotlight once again on the scandals and criminal behavior that have come to define the world of global banking.

Mom, Is it War Yet?

For me 2015 began with a suicide. I was on my way to Berlin with an early train just after midnight on 1 January. About 8 am our connecting train from Hamburg stopped approximately 25 kilometres down the line because someone had apparently gotten up early that morning and travelled to a point in the middle of nowhere to jump in front of it. Since our train was approximately 45 minutes late, this person not only had to contemplate his way to the tracks but wait perhaps impatiently for the wheeled engine of his demise to do its work.