Exclusive: Deutsche Bank ‘horribly undercapitalized’ – U.S. regulator
WASHINGTON (Reuters) – A top U.S. banking regulator called Deutsche Bank’s capital levels “horrible” and said it is the worst on a list of global banks based on one measurement of leverage ratios.
PIMCO’s Gross says Fed won’t raise rates significantly
NEW YORK (Reuters) – Bill Gross, co-chief investment officer of PIMCO and manager of the world’s largest mutual fund, said Friday the Federal Reserve is not likely to raise interest rates anytime soon and that he sees intermediate-term Treasuries as an…
Former Bank of America workers allege it lied to home owners
(Reuters) – Six former Bank of America Corp employees have alleged that the bank deliberately denied eligible home owners loan modifications and lied to them about the status of their mortgage payments and documents.
Exclusive: Cinven in exclusive talks for $2 billion CeramTec deal – sources
NEW YORK/FRANKFURT (Reuters) – Cinven Ltd is in exclusive talks to buy CeramTec, the industrial ceramics unit of U.S. chemicals maker Rockwood Holdings Inc , for close to 1.5 billion euros ($2 billion), three people familiar the matter said on Friday.
France agrees to start of EU-U.S. trade talks: EU officials
LUXEMBOURG (Reuters) – France agreed on Friday to support the European Union in negotiating a free-trade deal with the United States, EU officials said, giving the go-ahead for talks on what could be the world’s most ambitious trade agreement.
Lululemon seeks “head boss person,” must love yoga
TORONTO (Reuters) – Yoga gear maker Lululemon wants a “head boss person” who can communicate in Sanskrit, hold a headstand for at least 10 minutes and is ready to break the rules, the Vancouver-based company said on Friday in a tongue-in-cheek job ad.
FINRA director in U.S. resigns after old theft indictment surfaces
NEW YORK (Reuters) – A regional director for the securities industry’s self-regulatory agency resigned several weeks after the organization received a letter revealing the official had pleaded guilty two decades ago to charitable bingo fraud.
JPMorgan must face lawsuit challenging mortgage fees
(Reuters) – JPMorgan Chase & Co must face a lawsuit accusing the largest U.S. bank of illegally imposing marked-up or unnecessary fees on delinquent mortgage borrowers, a federal judge ruled.
Detroit defaults on some debt to avoid bankruptcy filing
DETROIT (Reuters) – Detroit defaulted on some debt on Friday and proposed most creditors receive just pennies on the dollar owed by the “insolvent” city in order to avoid the largest municipal bankruptcy filing in U.S. history.
Employment experts predict wave of lawsuits from unpaid interns
NEW YORK (Reuters) – When two former interns at the New Yorker and W Magazine sued parent company Conde Nast Publications on Thursday, legal experts said it could be the first in a wave of lawsuits challenging companies who pay little or nothing for st…
