Bitcoin and cryptocurrencies have been written off by many as nothing more than a flash-in-the-pan fad, riddled with scams and criminals. The bitcoin price, which looks set to close the year at twice its January price, has remained highly volatile—while sluggish bitcoin adoption continues to worry those in the crypto industry. Now, amid warnings that […]
A multi-billion-dollar fraud scandal perpetrated by an investment arm of the Malaysian government appears to have ensnared another major global financial institution — Deutsche Bank (DB – Get Report) — which already is reeling from massive restructuring efforts. The Wall Street Journal reported on Thursday that the Justice Department is investigating whether the German lender violated […]
Deutsche Bank has issued its results for the second quarter of 2019. They make grim reading. The bank reported a headline loss of €3.1bn ($3.44bn), which it said was due to “charges relating to strategic transformation” of €3.4bn ($3.78bn). But both net income of £231m ($256.67m) and underlying profits of €441m ($490m) were significantly down […]