Deutsche Bank: Money laundering & Bad Bank

Deutsche Bank has been confronted with two new allegations: Firstly, the Federal Financial Supervisory Authority BAFin has opened an investigation concerning lax money laundering controls: The Deutsche Bank is accused of not reporting suspicious money movements to the police in time. Secondly, Deutsche Bank, Morgan Stanley and Goldman Sachs are planning to invest in Huarong, a Chinese bad bank.   ... →

US banks risk public health and climate by financing coal

Rainforest Action Network, BankTrack and the Sierra Club released the “Coal Finance Report Card 2012”, their third annual ranking of the largest financiers of mountaintop removal coal mining and coal-fired power plants. The report looks at the stated policies for mountaintop removal and coal financing from each of the largest US Banks and assigns a letter grade to how well they uphold these policies based on investments, transactions and ownership of coal mining and coal burning utility companies.   ... →