In 2015, Deutsche Bank agreed to a combined $2.5 billion in fines—a $2.175 billion fine by American regulators and a €227 million penalty by British authorities—for its involvement in the Libor scandal uncovered in June 2012. The company also pleaded guilty to wire fraud, acknowledging that at least 29 employees had engaged in illegal activity.  
 
 In January 2017, Deutsche Bank agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the years leading up to the 2008 financial crisis. As part of the agreement, Deutsche Bank was required to pay a civil monetary penalty of $3.1 billion and provide $4.1 billion in consumer relief, such as loan forgiveness.
 
In November 2015, Deutsche Bank was ordered to pay $258 million in penalties imposed by the New York State Department of Financial Services and the U.S. Federal Reserve Bank after the bank was caught doing business with Burma, Libya, Sudan, Iran and Syria, which were under U.S. sanctions at the In January 2017, the bank was fined $425 million by the New York State Department of Financial Services and £163 million by the U.K. Financial Conduct Authority regarding accusations of money laundering $10 billion out of Russia.
 
U.S. prosecutors are currently investigating Deutsche Bank’s role in a multibillion-dollar fraud scandal, involving the 1Malaysia Development Berhad (1MDB).

Oui, la nouvelle recommandation de la semaine c’est : ACHETEZ LA TECH pour être en sécurité. Et c’est absolument fabuleux. Il faut le dire. Depuis que les taux montent, on nous dit qu’il faut éviter les titres de croissance parce qu’avec les taux qui montent, ça n’est jamais une bonne idée, mais maintenant que tout le reste part en vrille parce que l’on a peur que le système bancaire ressemble aux rues de Paris sous Macron Premier, on commence à entendre que la TECH, c’est défensif. Et c’est extraordinaire, on a des banques qui n’ont tellement pas vu la hausse des taux d’intérêt alors que c’était annoncé partout et que les médias ne parlaient QUE de ça et du coup, les investisseurs s’enfuient à toute vitesse pour aller acheter de la tech. On vit vraiment une époque formidable et j’avoue que les mots me manquent.

FOURTH QUARTER OVERVIEW
 

• Net sales were $2.226 billion, compared to $2.254 billion in the prior year's fourth quarter.
• Selling, general and administrative (“SG&A”) expenses were $453.4 million, or 20.4% of sales, compared to $538.9 million, or 23.9% of sales, in the prior year's fourth quarter.
• Net income was $48.2 million, compared to a net loss of $147.5 million for the prior year’s fourth quarter.
• Inventory was $682.9 million at the close of the period, compared to $915.0 million at the close of the prior year's fourth quarter, reflecting the [*]Company’s ongoing focus on maintaining a healthy inventory position.
• Cash, cash equivalents and marketable securities were $1.391 billion at the close of the quarter.
• Long-term debt remains limited to a low-interest, unsecured term loan associated with the French government’s response to COVID-19.
  

Does anyone else use Gamestop as a bank?
 
    I got really pissed off with US Bank because I kept overdrafting my account even though I opted out, and the same thing happened with my credit union when I got a debit card.
 
    Now whenever I get paid I go preorder a whole shitload of games. Whenever I need money, I go to the nearest gamestop and ask for my money back on a game I don't want and make a withdrawal. The lines are shorter at gamestop than at the bank and I can trade in old games and have money go straight to my savings account. Gamestops are just as prevalent as banks in my town and I work at a mall so it's even more convenient than running an errand to the bank or using an ATM and getting charged.
 
    The gamestop people are starting to catch on that I'm just moving money around and only buying one preordered game a year, if that, but there isn't shit they can do about it. The best part is, since I always preorder every game coming out I'm still guaranteed to get all the exclusive content whether or not I'm sure I want a certain game. It's like they're rewarding me for banking with them.