Deutsche Bank settles with regulators for $9.5M

Plus: The Fed almost raised rates again, Neuberger Berman would rather fight than settle, and welcome to the worst kind of job interview

OCT 12, 2016

By Jeff Benjamin

Deutsche Bank has agreed to pony up a cool $9.5 million for failing to safeguard certain non-public information. There was a failure to implement policies to prevent analysts from disclosing information.
Wells Fargo chairman and chief executive John Stumpf has apparently fallen on his sword as part of the fallout from the bank's questionable sales tactics, which already resulted in a $185 million settlement. The resignation, effective immediately, follows an agreement by Mr. Stumpf to forfeit $41 million in unvested equity.
As if it matters now, the Fed almost came close to just about considering an interest rate hike last month. Whew, that was a close one. Still waiting for “further evidence” before making any moves.
Neuberger Berman is digging in its heels, and plans to fight a lawsuit by a former employee who claims a fund in the company's 401(k) plan violated self-dealing provisions in the pension law. Most firms opt to just settle these kinds of lawsuits.
The future of job interviewing is here, and it's mostly horrible. Forget the human touch, this is less personal than Skype.

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Deutsche Bank settles with regulators for $9.5M

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