The Financial Times Gillian Tett provides perspective to Deutsche Bank's worries. And CNBC's Annette Weisbach reports nervousness is growing about capital concerns despite CEO John Cryan's letter to reassure employees.
Richard Clarida, Pimco, weighs in on Deutsche Bank worries as a huge fine looms from the Justice Department. And Clarida draws a distinction between DB's problems and Lehman Brothers.
Och-Ziff also plans to enter into a differed prosecution agreement with the U.S. Department of Justice later Thursday to resolve related criminal charges in federal court in Brooklyn and pay an additional $213 million fine, according to the Securities and Exchange Commission. The SEC said Chief Financial Officer Joel Frank agreed to settle civil charges.
Sept 29- Wells Fargo& Co is facing a U.S. Department of Justice sanction for improperly repossessing cars owned by members of the military, Bloomberg reported. Federal prosecutors and the Office of the Comptroller of the Currency plan to punish Wells Fargo for alleged violations of the Servicemembers Civil Relief Act, Bloomberg reported, citing two people with...
Matthias Mueller told CNBC that he hopes the DOJ will reach a conclusion in its investigation of the German car-maker by Christmas.
Sept 28- Japan's Takata Corp is in talks with the U.S. Department of Justice to resolve allegations of criminal wrongdoing related to its faulty air bags, the Wall Street Journal reported on Wednesday. Federal prosecutors have found evidence of unlawful conduct in Takata's handling of rupture-prone air bags and are waiting for the company's proposal on how to...
The U.S. Justice Department is reportedly in talks with auto airbag maker Takata to resolve allegations of criminal wrongdoings.
Volkswagen dropped on Tuesday after a report said the U.S. government is assessing a criminal fine against the German carmaker.
WASHINGTON, Sept 26- The United States said on Monday it had sanctioned a Chinese industrial machinery and equipment wholesaler, taking a step in tightening the financial noose around North Korea's nuclear program that the company has links with. The U. S Department of Justice said it had filed criminal charges against the Chinese firm and the individuals for...
WASHINGTON, Sept 26- The United States has charged four Chinese nationals and a China- based company for using front companies to evade U.S. sanctions on North Korea's nuclear weapons and ballistic missile programs, the U. S Department of Justice said on Monday. The department said it had filed criminal charges against Dandong Hongxiang Industrial Development...
Some of America's cities, including Trump's hometown of NY, have become case studies in the perils of aggressive stops, NBC News reports.
Senator Elizabeth Warren pressed Wells Fargo CEO John Stumpf during the committee hearing on Wells Fargo’s account-opening practices.
CNBC's David Faber reports the latest on the merger between Anthem and Cigna.
Deutsche Bank shares getting slammed after the Justice Department asked the bank to pay a $14 billion settlement, reports CNBC's Wilfred Frost.
Taro and two of its senior officers received subpoenas last week in connection with a federal antitrust investigation into generic drug pricing.
The Standing Rock Sioux Tribe's attempt to halt construction of the Dakota Access oil pipeline near their reservation was denied.
U.S. prosecutors moved to dismiss corruption charges against former Virginia Gov. Robert McDonnell and his wife Maureen.
CNBC's Rick Santelli speaks to Rep. Bob Goodlatte (R-Virginia) about his bill to stop the Justice Department from handing out slush funds to third parties.
The U.S. Justice Department filed a lawsuit on Wednesday aimed at stopping Deere from buying Precision Planting farm equipment business.
CNBC's Scott Cohn discusses how prison stocks are rebounding amid damage control from yesterday's news that Justice Department will end its use of private prisons.