Friday, November 13, 2015

This Week in Bank Failures


  • Ten traders who worked at Deutsche Bank and Barclays, for a conspiracy to manipulate the Euribor base rate. An additional trader, apparently at a different employer, is expected to be charged next week.
  • Three men who are believed to have stolen and traded in customer data from JPMorgan Chase, The Wall Street Journal, and others.

Fighting extradition: David Drumm, former head of Anglo Irish Bank who provided rosy financial reports and engaged in under-the-table transactions while the bank was collapsing. Arrested in the United States, he is asking to be released on bail while he contests extradition to Ireland.