Blowback? Just a few weeks after the EU slapped Apple with a $14 billion bill for “back taxes,” the U.S. has apparently responded with a $14 billion fine of their own to Deutsche Bank to settle an outstanding probe into the company’s trading of mortgage-backed securities during the financial crisis.
According to the Wall Street Journal, the proposed settlement would be largest fine paid by any of the banks related to similar charges. Unfortunately for DB, the fine is roughly equal to it’s entire market cap and the stock is plunging nearly 8% in after hours trading.
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Time For Truth: (Zero Hedge) – Deutsche Bank Slapped With $14 Billion Fine By DOJ Over Mortgage Probe
Former Dutch prime minister Dries van Agt has described Israeli Prime Minister Benjamin Netanyahu as a war criminal who should be tried in the International Criminal Court in The Hague.
His comments come ahead of Mr Netanyahu’s visit to The Netherlands this week.
Former Dutch prime minister and longtime pro-Palestinian activist Dries van Agt said Benjamin Netanyahu is a war criminal who should be prosecuted during his visit this week to the Netherlands.
Van Agt, who in 2012 said Jews should have had a state in Germany instead of the Land of Israel and who in 2008 spoke at rally in Rotterdam that featured a speech via satellite by Hamas prime minister Ismail Haniyeh, spoke about Israel’s prime minister this Monday during an interview with the NPO 1 public television channel.
The Airbnb host said that once his guests see the view, “nobody wants to talk politics.” Igal Canaan, a Jewish settler, threw open the doors of his designer apartment to reveal a jaw-dropping panorama of blue sky and Judean wilderness.
“In the morning, you can see shepherds with their flocks,” said Canaan, pointing out a distant village often associated with the birth of the prophet Jeremiah. “The view is totally biblical.”
Deutsche Bank aims to cut roughly 23,000 jobs, or about one quarter of total staff, through layoffs mainly in technology activities and by spinning off its PostBank division, financial sources said on Monday.
That would bring the group’s workforce down to around 75,000 full-time positions under a reorganization being finalised by new Chief Executive John Cryan, who took control of Germany’s biggest bank in July with the promise to cut costs.