If you’re not already underwater on your mortgage, there’s a decent chance you will be.
Deutsche Bank confirmed Tuesday that it is facing a possible criminal investigation into spying allegations. According to media reports, the German banking giant is accused of spying on a small group of managers and a “critical shareholder” during a probe into possible breaches of data security
Troubled insurance giant AIG, already under fire for intending to pay out $165 million in bonuses and compensation, succumbed Sunday to congressional pressure, identifying banks that received chunks of the company’s billions in federal bailout funds last year. AIG, a recipient of at least $170 billion in federal bailout money , got an $85 billion loan from the Federal Reserve. The list released Sunday of “counterparties” that benefited from the bailout is topped by European banks Societe Generale and Deutsche Bank, which received $4.1 billion and $2.6 billion, respectively.