LATEST NEWS : Deutsche Bank opens massive bullion vault in London

Deutsche Bank, one of the largest players in the foreign exchange market, has opened a precious metals vault in London, following the steps of a number of other institutions that offer to store gold in the global centre of the over-the-counter bullion market. The vault, reports Reuters, can hold up to of 1,500 tonnes, significantly more […]

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Why Are Banking Executives In London Killing Themselves?

Bankers committing suicide by jumping from the rooftops of their own banks is something that we think of when we think of the Great Depression.  Well, it just happened in London, England.  A vice president at JPMorgan’s European headquarters in London plunged to his death after jumping from the top of the 33rd floor.  He […]

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'London Whale' Bruno Iksil Won't Be Prosecuted By Justice Department: WSJ

“Former JPMorgan Chase employee Bruno Iksil will not be prosecuted by the Justice Department, the Wall Street Journal reports, citing a person close to the situation. Iksil is the so-called “London Whale” at the center of the trading scandal that lost JPMorgan, the country’s biggest bank by assets, some $6.2 billion in 2012. ”   […]

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