Moody’s Downgrades Deutsche Bank From Aa1/B To Aa3/C+

Barely had we finished bashing Deutsche Bank in our prior post, that we noticed that Moody’s had just notched Deustche Banknot once, but twice, from Aa1 to Aa3. Now where the hell are those pesky shorts who are #*$!ing up the grand German uberplan of trying to mimic the US in its don’t ask/don’t tell [...]

Melissa Francis Takes On Deutsche Bank Chief Economist, Epic Fail Ensues

In what is an interview for the ages, CNBC’s Melissa Francis takes on DB’s Chief Economist Joe LaVorgna, stupefies him (and whatever watchers the comedy channel might have left) with a definition of inflation taken straight out of Cosmopolitan, tells him he has lost all credibility (4:20 into the clip), rewriters the first chapter in [...]

Deutsche Bank Is "Seeking To Destroy Competition" For Cosmopolitan And MGM CityCenter

In a stunner of a development, Las Vegas casino operator Fontainebleau has amended its ongoing lawsuit against a set of banks, and has alleged that Deutsche Bank is now “seeking to destroy the Fontainebleau in order to minimize competition” with the Cosmopolitan Resort and Casino, which was acquired by Deutsche Bank in a foreclosure auction [...]

Deutsche Bank’s Socialization Of Risk Culture Redux

Deepak Moorjani shares the below letter, which initially appeared in NYT’s DealBook, but subsequently was taken down for reasons known, and now only a big gaping 404 hole remains in its place (http://dealbook.blogs.nytimes.com/2009/04/16/another-view-deutsche-banks-culture-of-risk/). Moorjani, who is currently involved in litigation with Deutsche Bank, shares his perspectives on his former firm’s risk policies and the culture [...]