Jamie Dimon on Elizabeth Warren: ‘She uses some pretty harsh words, some would say vilifies successful people’

Dimon on Sen. Warren: “She uses some pretty harsh words, you know, some would say vilifies successful people,” he said. “I don’t like vilifying anybody. I think we should applaud successful people.” Dimon said that Warren’s proposed Accountable Capitalism Act would change “the complete nature of how you run a corporation.” “I think we have to […]

Many minorities avoid seeking credit due to generations of discrimination. Why that keeps them back

Decades of discrimination by the federal government and America’s financial institutions has induced an almost trauma-like response in many people of color, particularly African Americans, making them less likely to seek credit. This defensive behavior often distances people of color from the very credit-granting institutions they need to thrive. The ramifications can prove devastating, as […]

Ex-Deutsche Bank traders avoid prison time for Libor scheme

NEW YORK (Reuters) – Two former Deutsche Bank AG (DBKGn.DE) traders will serve no prison time for conspiring to manipulate the Libor benchmark interest rate between 2005 and 2011, a federal judge ruled on Thursday, sharply criticizing U.S. prosecutors for treating the two men as “proxy wrongdoers” for a much larger scheme. Matthew Connolly, who […]

Exclusive: Qatar pushes for Deutsche Bank chairman to go – sources

FRANKFURT (Reuters) – Qatari investors in Deutsche Bank (DBKGn.DE) want the lender’s chairman to leave after he botched an attempt to appoint their envoy to the board, people familiar with the matter said. The Qataris have been unhappy for months with Paul Achleitner’s stewardship of Germany’s largest bank amid a prolonged stock slump. His failure […]