Deutsche Bank

Three years ago, the Federal Deposit Insurance Corp. collected $54 million from Deutsche Bank in a settlement over unsound loans that contributed to a spectacular California bank failure. The deal might have made big headlines, given that the bad loans contributed to the largest payout in FDIC history, $13 billion. But the government cut a deal with the bank's lawyers to keep it quiet: a "no press release" clause that required the FDIC never to mention the deal "except in response to a specific inquiry.

On its website, the Federal Deposit Insurance Corp. says pursuing damages when banks fail is a way to restore public confidence in the industry. Doing so, it says in an analysis of the savings and loan crisis of the 1980s, creates “the perception as well as the reality that directors, officers and other professionals at financial institutions are held accountable for wrongful conduct.” But can confidence be restored if the public doesn't...

Deutsche Bank will shell out $202 million to settle claims it deceived the U.S. government about the strength of home loans it was approving under a taxpayer-backed mortgage program. The government endured $368 million in losses after a subsidiary of Deutsche Bank approved more than 39,000 borrowers for the Federal Housing Administration's Direct Endorsement Lender program. The FHA, which helps fuel the mortgage market by providing loans that are insured by the federal government, had to pay claims on more than 3,200 mortgages that the subsidiary, MortgageIT, approved for that program.

Three years ago, the Federal Deposit Insurance Corp. collected $54 million from Deutsche Bank in a settlement over unsound loans that contributed to a spectacular California bank failure. The deal might have made big headlines, given that the bad loans contributed to the largest payout in FDIC history, $13 billion. But the government cut a deal with the bank's lawyers to keep it quiet: a "no press release" clause that required the FDIC never to mention the deal "except in response to a specific inquiry.

Deutsche Bank, Germany's largest bank, has opened preliminary takeover talks with Bankers Trust, according to a published report. The possible deal, which would require regulatory approval, would be the largest takeover of a U.S. bank by a non-U.S. bank, the Financial Times said. Bankers Trust, based in New York, is the eighth-largest bank-holding company in the U.S. in terms of assets.

Even as 10 other investment banks finalized a $1.4-billion legal settlement with regulators this week, a potential deal with Deutsche Bank over stock-analyst conflicts still could be weeks away, California officials said. A settlement with Deutsche has been held up by the firm's failure to turn over all the e-mail files requested by state investigators. Deutsche, which blamed a computer foul-up, has given California 366 of the 556 e-mail files it has requested.

By sunrise, the bank executive was laid up in the hospital, his face swollen, the result of a late-night confrontation with two LAPD officers in Highland Park. That much, everyone agrees on. But nearly everything else that happened that May night to Brian C. Mulligan, a managing director and vice chairman at Deutsche Bank, remains in dispute. The officers said they had to use force to subdue a snarling, thrashing man who arched his back, waved his arms, stiffened his fingers like claws and charged them on a residential street, according to a police report viewed by The Times.

Los Angeles prosecutors are calling Deutsche Bank one of the city's largest slumlords, accusing it of allowing hundreds of properties it owns to fall into disrepair and breed crime. The Los Angeles city attorney's office filed a civil lawsuit Wednesday against the world's fourth-largest bank, seeking hundreds of millions of dollars in penalties and restitution and an injunction forcing it to clean up its foreclosed properties in Los Angeles. The Frankfurt, Germany-based bank has foreclosed on more than 2,000 homes over the last four years in neighborhoods across the city, according to the suit — many concentrated in the northeast San Fernando Valley, northeast Los Angeles and South Los Angeles.

Deutsche Bank agreed to pay Enron Corp. $25 million and to give up $416 million in unsecured claims to resolve litigation filed by the defunct energy trader during its bankruptcy. In exchange, Enron won't dispute $378 million in unsecured claims the German bank has against it. Deutsche Bank also accepted $35 million to surrender its interests in three transactions. The proceeds, expected to exceed $100 million, will be distributed to Enron's creditors.

Deutsche Bank confirmed that Richard H. Daniel, who had been chief financial officer at Bankers Trust Corp. during an investigation of irregularities before the New York bank was acquired by the German bank, is leaving the company. Deutsche Bank said Daniel resigned "to pursue other interests." But a source close to the situation, speaking on condition of anonymity, said he had been fired. Daniel could not be reached for comment.

On the morning of May 13, a man stopped an officer in the lobby of Glendale police headquarters and asked for help. "I know this is gonna sound crazy," the man said, "but I feel like there are people following me. I feel like there was a chopper. Do you hear a chopper?" "We don't have a helicopter up in Glendale," the officer replied. AUDIO: Bank executive tells police he's on bath salts Over the next 11 minutes, in a conversation the officer recorded, the man explained why he felt "a little paranoid.

Tiger Woods had his lowest opening round in three years Friday in the Deutsche Bank Championship. It still wasn't enough to be low man in Sean Foley's coaching stable. Seung-yul Noh, a rising star from South Korea in his first season on the PGA Tour, ran off four straight birdies early in his round and closed with back-to-back birdies on the TPC Boston in Norton, Mass., for a nine-under 62. That gave him a one-shot lead over Chris Kirk, whose 23 putts included an eagle on the new 18th hole.

Tiger Woods shot a seven-under-par 64 at the TPC Boston golf course to claim a share of the early first-round lead in the Deutsche Bank Championship on Friday. Also shooting a 64 was American Jeff Overton. Two shots back of the leaders are Australian John Senden and South African Louis Oosthuizen, along with Korea's Seung-Yul Noh, who is among half the field still on the course. A group of five golfers, including American Dustin Johnson as well as England's Ian Poulter and Luke Donald, are three off the lead after recording a 67. Woods, who started his round on the back nine, birdied two of four holes to open the round.

Tiger Woods shot a seven-under-par 64 to finish the first round of the Deutsche Bank Championship tied for third place. Woods, who started on the back nine and at one point had six consecutive birdies, grabbed an early share of the lead at TPC Boston. But the birdies, and some eagles, kept coming until South Korea's Seung-Yul Noh finished with back-to-back birdies for a nine-under 62. He leads American Chris Kirk, who had an eagle on No. 18, by one stroke. Woods, who shot his lowest opening round of the year on the heels of closing last week's Barclays event with his worst score of the season (76)

By sunrise, the bank executive was laid up in the hospital, his face swollen, the result of a late-night confrontation with two LAPD officers in Highland Park. That much, everyone agrees on. But nearly everything else that happened that May night to Brian C. Mulligan, a managing director and vice chairman at Deutsche Bank, remains in dispute. The officers said they had to use force to subdue a snarling, thrashing man who arched his back, waved his arms, stiffened his fingers like claws and charged them on a residential street, according to a police report viewed by The Times.

WASHINGTON -- Regulators on Tuesday released shortened public versions of breakup plans known as "living wills" that the nine largest banks were required to submit so the government could safely shut them down if they were in danger of collapsing. The resolution plans were required by the 2010 Dodd-Frank financial reform law to prevent the chaos that swept through the financial system when Lehman Bros. failed in September 2008. Banks with more than $250 billion in non-bank assets were the first financial institutions required to submit the plans to the Federal Reserve and the Federal Deposit Insurance Corp., which will review them.

Deutsche Bank and Bankers Trust Corp. directors approved the $9.5-billion takeover of the eighth-largest U.S. bank. Germany's biggest bank is expected to announce details of its $93-a-share purchase of Bankers Trust today in Frankfurt. The new entity will be the world's biggest financial services company, with assets of $850 billion and businesses ranging from the fourth-largest fund manager to one of the world's biggest securities firms.

The Federal Reserve and state regulators have ordered the U.S. banking operation of Deutsche Bank, Germany's largest bank, to take steps to prevent money-laundering after finding deficiencies in its controls. The Fed and the New York State Banking Department on Friday announced an agreement with New York-based Deutsche Bank Trust Co. Americas, which was not fined under the deal.

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., still won't say how much the bank could wind up losing from risky trades that cost it at least $2 billion. "We're not going to give a running tally on losses," Dimon said at a Deutsche Bank investor conference in Manhattan. JPMorgan recently disclosed the bank lost $2 billion in complicated trades in its chief investment office, and said the losses could widen by as much as $1 billion. A recent account in the Wall Street Journal reported the trades could result in as much as $5 billion in losses.

Deutsche Bank will shell out $202 million to settle claims it deceived the U.S. government about the strength of home loans it was approving under a taxpayer-backed mortgage program. The government endured $368 million in losses after a subsidiary of Deutsche Bank approved more than 39,000 borrowers for the Federal Housing Administration's Direct Endorsement Lender program. The FHA, which helps fuel the mortgage market by providing loans that are insured by the federal government, had to pay claims on more than 3,200 mortgages that the subsidiary, MortgageIT, approved for that program.