LIBOR

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Did Deutsche Bank plan to go viral right before its capital increase?

MADRID | By Ana Fuentes | If you haven’t watched it, here’s Deutsche Bank’s co-head of corporate banking and securities Colin Fan scolding City traders and trying to convince the world that they’ve done some ménage after the crisis. Remember that the lender paid a €725m penalty to the EU in the Libor scandal; the biggest single fine in a total of €1.7bn charged to six banks.“Being boastful, indiscreet or vulgar is not okay. It will have serious consequences for your career,” Mr Fan warned its staff. Instead of an email, the bank chose the formula of an “internal” video… which went viral just before the German lender started making headlines for its plans of selling €8bn worth of new shares. A plan that is supposed to catapult Deutsche out of the ranks of the worst capitalized banks in Europe -from 9.5 per cent to 11.8 per cent.



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UK banks: bad news, no comment

LONDON | By Victor Jimenez | The British Parliament seeks to reorganise management at UK banks so it’s possible to point at specific staff and board members and try them in court.


The self-indulgent City of London

By Miguel Ángel Rodríguez, analyst at XTB, in Madrid | Midsummers have often been marked by markets’ most abrupt movements and scares that have hit…