Angela Dorothea Merkel (née Kasner; born 17 July 1954) is a German politician who has been Chancellor of Germany since 2005. She served as Leader of the Opposition from 2002 to 2005 and as Leader of the Christian Democratic Union (CDU) from 2000 to 2018.
A member of the Christian Democratic Union, Merkel is the first female chancellor of Germany. Continue reading “Official: Angela Merkel”
Stephen Merkel is the Executive Managing Director, General Counsel and Secretary of Cantor Fitzgerald, L.P. He joined the firm in 1993. He is also Executive Vice-President, General Counsel and Secretary of BGC Partners, Inc. Previously, he was the Director, Senior Vice-President, General Counsel and Secretary of eSpeed. Prior to joining Cantor Fitzgerald, Mr. Merkel was Vice-President and Assistant General Counsel at Goldman Sachs & Co., dedicated to the J. Aron Division. Mr. Merkel graduated with a B.A. Magna Cum Laude from the University of Pennsylvania and received his law degree from the University of Michigan School of Law.
Continue reading “Subject: Stephen Merkel”
Deutsche Bank Charged By Italy For Market Manipulation, Creating False Accounts | Zero Hedge
Tyler Durden, 01 October 2016
For Deutsche Bank, when it rains, it pours, even when everyone tries to come to its rescue.
One day after its stock soared from all time lows, following what so far appears to have been a fabricated report sourced by AFP which relied on Twitter as a source that the DOJ would reduce its RMBS settlement amount with Deutsche Bank from $14 billion to below $6 billion (and which neither the DOJ nor Deutsche Bank have confirmed for obvious reasons), moments ago Bloomberg reported that six current and former managers of Deutsche Bank, including Michele Faissola, Michele Foresti and Ivor Dunbar, were charged in Milan for colluding to falsify the accounts of Italy’s third-biggest bank, Monte Paschi (which itself is so insolvent it is currently scrambling to finalize a private sector bailout) and manipulate the market. Two former executives at Nomura Holdings Inc. and five at Banca Monte dei Paschi di Siena were also charged. Continue reading “Article: Deutsche Bank Charged By Italy For Market Manipulation, Creating False Accounts | Zero Hedge”
Europe plans ban on naked short selling
Steve Johnson and Baptiste Aboulian
Financial Times, 23 May 2010
European politicians have proposed a complete ban on naked short selling, significantly widening the scope of the clampdown implemented last week by Angela Merkel, the German chancellor.
Naked shorting is already banned in the US, Hong Kong, Australia and Brazil, but the idea of a complete European-wide ban is likely to provoke controversy in some quarters.
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Europe Comes to Terms With Market Manipulation; the SEC and the American Media Bury Heads in the Sand
Mark Mitchell, DeepCapture, 21 May 2010
Well, the current state of the global financial markets is certainly interesting. I mean, you have to be a bit sick in the head, but if you think about it the right way, it really is “interesting” — sort of like, oo-wee, look, the girl in the cute leotard is falling off the tightrope, there’s no net, and she’s going to go “splat” when she hits that pavement. How interesting! And check it out, the circus animals have gone berserk — the tigers are tearing the trainer into bloody shreds, the elephants are stampeding, the tent might very well collapse, maybe we’re doomed, and look at those clowns – they’re still smiling. How deliciously interesting! Continue reading “Article: Europe Comes to Terms With Market Manipulation; the SEC and the American Media Bury Heads in the Sand”
Germany bans naked short-selling, swaps speculation
China Daily, 19 May 2010
Germany prohibited naked short-selling and speculating on European government bonds with credit-default swaps in an effort to calm the region’s financial markets, sparking investor anxiety about increasing regulation.
The ban, which took effect at the midnight of May 18 and lasts until March 31, 2011, also applies to the shares of 10 banks and insurers, German financial regulator BaFin said in an e-mailed statement. The step was needed because of “exceptional volatility” in euro-area bonds, BaFin said. Continue reading “Article: Germany bans naked short-selling, swaps speculation”
Germany bans naked short-selling
Holder Hansen, Andreas Rinke
Reuters, 18 May 2010
Germany, in an attack on the financial speculation on which it blames much of the euro zone’s debt crisis, on Tuesday announced a ban on some high-risk bets that prices of bonds and stocks will fall.
Analysts, however, were skeptical that Germany’s surprise move to ban some trades in a strategy known as naked short selling could be effective in taming market volatility, with one saying it suggested “desperation.”
Read full article.
German cabinet extends ban on naked short selling
Sam Edmonds, 02 February 2010
German Chancellor Angela Merkel’s cabinet has approved a draft law widening the government’s recent temporary ban on the short sale of certain types of shares – a practice known as naked short-selling. Continue reading “Article: German cabinet extends ban on naked short selling”