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☆ The Paradox of Prosecuting Domestic Terrorism
▼ + stars: | 2023-02-08 | by ( James Verini | ) www.nytimes.com time to read: +52 min

The preventive approach to domestic terrorism goes back even further than the 1990s and it begins with the basic police work and surveillance of the joint terrorism task forces. In fact, there is no section of the U.S. Criminal Code that criminalizes domestic terrorism as such. The absence of clear law around domestic terrorism, and the imperatives of prevention, mean that investigators and prosecutors who work domestic terrorism cases must focus on more common charges: weapons violations, illegal drug possession, burglary, aiding and abetting and so forth. But this was not enough to overrule the fear of domestic terrorism that was gripping the nation and that hung in the courtroom. It reflected the legal paradoxes of the case and domestic terrorism law in general or, maybe more accurately, the absence of it.

☆ Deutsche Bank CFO discusses the lender's highest profit since 2007
▼ + stars: | 2023-02-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeutsche Bank CFO discusses the lender's highest profit since 2007James Von Moltke, CFO of Deutsche Bank, discusses the company's fourth-quarter earnings and its strong performance, despite volatility and geopolitical issues.

☆ NHL roundup: Pens' Kris Letang plays hero in return vs. Panthers
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +8 min

Letang, who was activated from long-term injured reserve earlier in the day, finished with two goals and two assists. Aaron Ekblad had a goal and two assists, Sam Reinhart and Matthew Tkachuk a goal and an assist apiece and Colin White one goal. Fiala also had an assist, while Anze Kopitar scored two goals and Samuel Fagemo contributed one goal for the Kings. Avalanche 3, Capitals 2Artturi Lehkonen, Alex Newhook and Andrew Cogliano scored goals, Alexandar Georgiev had 37 saves and Colorado beat Washington in Denver. Logan O'Connor had two assists for Colorado, which has won six straight despite Cale Makar missing his fourth straight game with an upper-body injury.

Companies Deutsche Bank AG FollowJan 23 (Reuters) - The U.S. Supreme Court on Monday turned away appeals by two former Deutsche Bank AG (DBKGn.DE) commodities traders convicted of manipulating precious metals prices by placing "spoof" orders. The pair were convicted in 2020 for carrying out what prosecutors said was a yearslong spoofing scheme between 2008 and 2013. Their trades created a false sense of supply and demand, and induced other traders to make trades they would otherwise not have made, prosecutors said. On appeal, Vorley and Chanu argued they had not made the kind of explicit false statements targeted by wire-fraud law. Circuit Court of Appeals in Chicago upheld the convictions last July, saying that "spoofing of this kind falls under the wire fraud prohibition."

☆ NHL roundup: Kraken use huge 2nd period to down Blackhawks
▼ + stars: | 2023-01-15 | by ( ) www.reuters.com time to read: +9 min

[1/4] Jan 14, 2023; Dallas, Texas, USA; Dallas Stars center Tyler Seguin (91) and Calgary Flames center Nazem Kadri (91) look for the puck in the Calgary zone during the second period at the American Airlines Center. Flames 6, Stars 5Nazem Kadri, Rasmus Andersson and Chris Tanev collected one goal and one assist apiece as visiting Calgary rode a four-goal second period to a victory over Dallas. Bruins 4, Maple Leafs 3Matt Grzelcyk scored with 1:16 left in the third period to lift host Boston past Atlantic Division rival Toronto. Grzelcyk scored his second goal of the season and first since Oct. 28, firing a bomb from above the left circle with David Krejci screening Maple Leafs goaltender Matt Murray. Paul Cotter, Keegan Kolesar and William Karlsson scored goals and Logan Thompson made 33 saves for Vegas.

☆ Vowles says Williams will not become a 'mini-Mercedes'
▼ + stars: | 2023-01-13 | by ( Alan Baldwin | ) www.reuters.com time to read: +2 min

LONDON, Jan 13 (Reuters) - Williams' new principal James Vowles said after his appointment on Friday that the struggling former champions would be no Mercedes 'B' team in Formula One. "There's no mini-Mercedes or B team or any of that," said Vowles. Vowles told reporters that Williams were entirely independent and he would act in their best interests. "There was always the speculation that Williams, because of the Mercedes engine, was a subordinate but none of that was obviously true." That’s why James is going to do what's good for the team, what's good for James in order to bring that forward.

☆ NHL roundup: Connor McDavid hits milestone in Oilers' win
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +7 min

Barzal is on a career-best, five-game goal streak, and he has six goals and two assists during that span. Vancouver goaltender Collin Delia made 30 saves, while Elias Pettersson, Oliver Ekman-Larsson and Ilya Mikheyev each collected two assists. Ty Smith also scored for Pittsburgh, which lost its sixth straight game, just one off matching its longest losing streak of the season. Nicolas Aube-Kubel, Martin Fehervary and Garnet Hathaway also scored, Dylan Strome had three assists, and Darcy Kuemper made 25 saves. Washington has won a franchise-record seven straight road games and is 7-0-2 in its past nine games overall and 12-2-3 in its past 17.

☆ Reinsurers cut Russia, Ukraine from policies on Jan 1 -broker
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +2 min

LONDON, Jan 3 (Reuters) - Reinsurers are excluding Russia, Ukraine and Belarus from policies offered to their insurance clients and cutting back their exposure to U.S. hurricanes, a report from reinsurance broker Gallagher Re (AJG.N) showed on Tuesday. Reinsurers insure insurers and Jan. 1 is the most important date in the calendar for policy renewals. Some insurers have already backed away from providing cover in Russia, Ukraine and Belarus due to risk of sanctions or of steep losses. Without reinsurance, insurers are likely to be even more reluctant to provide cover for Russia or Ukraine, industry sources say. Aviation reinsurance rates rose by as much as 200% on Jan. 1 for some types of business, Gallagher Re said.

Last year, the Federal Deposit Insurance Corp. deliberated over whether to tap Microsoft Corp. as its primary cloud provider. Three key officials involved in the discussions, or their family members, owned shares in Microsoft, including the deputy chief information officer who pushed to pick the company. By early this year, Microsoft had become the agency’s primary cloud platform.

☆ U.S. hospitals report rise in severe strep A infections in kids after 15 deaths in U.K.
▼ + stars: | 2022-12-15 | by ( Aria Bendix | ) www.cnbc.com time to read: +6 min

In the U.K., at least 15 children have died from invasive group A strep since mid-September. Anyone can get invasive strep A, including healthy adults, but people over 65 and those with chronic illnesses are more susceptible. Between 1,500 and 2,300 people die of the invasive infections every year. But children's hospitals in several other states — California, New York, Illinois and Minnesota — said they have not detected any increase in invasive group A strep. It is important for kids with strep to get care right away so they can start taking antibiotics like penicillin.

Children's hospitals in Arizona, Colorado, Texas and Washington told NBC News they are seeing a higher-than-average number of cases this season compared to past years. In the U.K., at least 15 children have died from invasive group A strep since mid-September. Anyone can get invasive strep A, including healthy adults, but people over 65 and those with chronic illnesses are more susceptible. Between 1,500 and 2,300 people die of these invasive infections each year. It's important for kids with strep to get care right away so they can start taking antibiotics like penicillin.

☆ Michael Avenatti sentenced to 14 years in California fraud case
▼ + stars: | 2022-12-05 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

SANTA ANA, Calif. — Incarcerated lawyer Michael Avenatti was sentenced in Southern California on Monday to 14 years in prison and ordered to pay $7 million in restitution after admitting he cheated four of his clients out of millions of dollars. Before sentencing, Avenatti apologized to the four victims in the case, three of whom were in the courtroom. Avenatti is currently serving time in a Southern California prison on two separate cases. In another instance, prosecutors said Avenatti collected a $2.75 million settlement payment for a client and used much of the money to buy a private airplane. Prosecutors had asked for Avenatti to be sentenced to an additional 17.5 years in prison on top of the five he is already serving.

NEW YORK, Nov 21 (Reuters) - The founder of Infinity Q Capital Management, a New York firm accused of inflating assets by over $1 billion to collect more fees, pleaded guilty on Monday to securities fraud. James Velissaris, 38, of Atlanta, entered his plea before U.S. District Judge Denise Cote in Manhattan, averting a scheduled Nov. 28 trial. Before suspending redemptions in February 2021, the fund reported $1.73 billion of assets. The case is U.S. v. Velissaris, U.S. District Court, Southern District of New York, No. Reporting by Jonathan Stempel and Jody Godoy in New York; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

☆ Australia win Adelaide ODI, Malan ton for England in vain
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +1 min

Nov 17 (Reuters) - Australia's top order fired in unison to secure a six-wicket win over England with Dawid Malan's career-best 134 for the tourists in vain as in the first one-day international on Thursday. David Willey's unbeaten 34 was the next highest score by an England batter as the tourists went on to post a decent 287-9 at the Adelaide Oval. A 147-run opening stand between David Warner (86) and Travis Head (69) effectively laid the platform for Australia's comprehensive victory. The teams move to Sydney for the second ODI on Saturday to be followed by the third and final match in Melbourne on Tuesday. Reporting by Amlan Chakraborty in New Delhi; editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ Explainer: What's next in FTX's bankruptcy
▼ + stars: | 2022-11-16 | by ( Dietrich Knauth | ) www.reuters.com time to read: +4 min

Here is what likely awaits in the case:WHERE DO THINGS STAND IN FTX'S BANKRUPTCY CASE? About 130 FTX affiliates have filed for bankruptcy in Delaware, and the company has selected a new CEO, bankruptcy attorneys at Sullivan & Cromwell and financial advisers at Alvarez & Marsal. WHAT OTHER RISKS DO FTX CUSTOMERS FACE? The bankruptcy might result in the publication of FTX customers' names, email addresses and transaction history. The courts' preference for transparency are at odds with crypto customers' expectations of anonymity.

Their agreement to talk again about climate thawed relations frozen earlier this year after U.S. House Speaker Nancy Pelosi angered China by visiting Taiwan. Teresa Ribera, Spain's climate minister, said she was hopeful that the rapprochement would energise negotiations. “This unequivocal signal from the two largest economies to work together to address the climate crisis is more than welcome; it’s essential," Bapna said. Heading into the last week of the two-week conference progress has been slow, frustrating negotiators who are struggling to find consensus on how rich countries should help developing nations meet the cost of climate-fuelled disasters. The outcome on that issue, referred to in climate talks as "loss and damage", could define the perceived success or failure of the COP27 talks.

☆ Infinity Q fund settles with U.S. regulator over asset inflation
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +2 min

Nov 10 (Reuters) - The U.S. Securities and Exchange Commission on Thursday tentatively settled civil charges against an Infinity Q Capital Management mutual fund over its founder's alleged scheme to inflate the fund's value. In papers filed in federal court in Manhattan, the SEC and Infinity Q Diversified Alpha Fund asked a judge to appoint a special master to oversee the fund's ongoing liquidation. Attorneys for the fund and Infinity Q did not immediately reply to requests for comment. Before it suspended investor redemptions in February 2021, the Diversified Alpha Fund's assets were valued at $1.73 billion. The case is SEC v. Infinity Q Diversified Alpha Fund, U.S. District Court, Southern District of New York, No.

☆ Deutsche Bank joins recent industry criticism of ECB
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: 1 min

FRANKFURT, Nov 9 (Reuters) - Deutsche Bank (DBKGn.DE) on Wednesday waded into the financial industry's criticism of the European Central Bank, with the German lender's finance chief saying authorities should do more to champion banks. The ECB and other parts of official sector "should be moving to championing the banks to help the economy rather than not," Chief Financial Officer James von Moltke said at a financial conference. Reporting by Tom Sims, Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.

The European Central Bank (ECB), which supervises euro zone banks, believes some lenders have overly optimistic assumptions about the economy, based on models that cannot fully capture the damage from the current bout of inflation, the sources say. Source: S&P Global-EBAMorgan Stanley estimates euro zone banks will pay out 40 billion euros ($40 billion) in 2022 dividends plus an additional 60 billion euros in share buybacks between this year and next - an outsized return by recent standards. "It's not a good idea to pay out capital during a recession," Intesa's Chief Executive Carlo Messina told analysts last week. "With the economy entering recession, the time of massive bank payouts is over," Marco Troiano, a managing director at Scope Ratings, said. "Running down capital cushions would weaken banks."

☆ European banks are posting bumper profits — but don’t buy their shares yet, strategist says
▼ + stars: | 2022-10-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Those are comments from one investment advisor despite lenders on the continent posting bumper third-quarter results this week. Barclays on Wednesday reported net profits of £1.5 billion ($1.73 billion), while Deutsche Bank revealed a net income of 1.12 billion euros ($1.11 billion). Deutsche Bank's net interest margin grew to 1.5% in the quarter, up from 1.4% in the prior quarter and from 1.2% in the year-ago period. But this income source for banks is unlikely to be long-lived as European capitals debate imposing a "windfall tax" on banks' profits. Hickmore said that senior debt from European banks is more attractive now as they are immune to many risks banks face.

☆ Deutsche Bank 'on track' to deliver ROTE target by 2025 despite costs: CFO
▼ + stars: | 2022-10-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeutsche Bank 'on track' to deliver ROTE target by 2025 despite costs: CFOJames Von Moltke, CFO of Deutsche Bank, discusses the bank's third-quarter earnings and unchanged strategy despite inflationary costs.

☆ Deutsche Bank 'entirely supportive' of central bank rate hikes: CFO
▼ + stars: | 2022-10-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeutsche Bank 'entirely supportive' of central bank rate hikes: CFOJames von Moltke, CFO of Deutsche Bank, discusses the ways the bank is set to benefit from a "normalization" of the current rate environment off the back of third-quarter results.

And Italy's UniCredit (CRDI.MI) raised its 2022 profit goal, helped by higher interest rates and lower loan loss provisions that also drove quarterly earnings above forecasts. For years, banks bemoaned ultra loose monetary policy, but now higher interest rates means banks can start to benefit from the increased gap between what they charge borrowers and what they pay savers. Standard Chartered's third-quarter profit surged 40% as higher interest rates boosted the emerging markets-focused bank's income, giving it ammunition to upgrade its revenue outlook despite a weakening global economy. For Santander, higher loan loss provisions in key markets like Brazil and the United States overshadowed better than expected third-quarter earnings. While benefiting from higher interest rates, banks also face the unwinding of a scheme that buoyed their profits for years.

☆ Deutsche Bank logs ninth straight quarter of profit with big earnings beat
▼ + stars: | 2022-10-26 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

In this article .BBKA Follow your favorite stocks CREATE FREE ACCOUNTwatch nowDeutsche Bank on Wednesday crushed market expectations for the third quarter, amid higher interest rates and turbulent market trading. The bank reported a net income of 1.115 billion euros ($1.11 billion) for the quarter. Here are other highlights for the quarter: Revenues rose 15% from a year ago, and hit 6.92 billion euros. As a result, additional contingent risk fell to 0.2 billion euros, from the 0.6 billion euros at the end of the second quarter. Higher interest rates for longer?

☆ NHL roundup: Blues claw past Kraken in OT
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

Oct 19, 2022; Seattle, Washington, USA; St. Louis Blues defenseman Justin Faulk (72) celebrates his goal with forward Robert Thomas (18) and forward Vladimir Tarasenko (91) during overtime against Seattle Kraken at Climate Pledge Arena. Mandatory Credit: Stephen Brashear-USA TODAY SportsOctober 20 - Justin Faulk scored twice, including the winner 2:10 into overtime, as the St. Louis Blues defeated the host Seattle Kraken 4-3 on Wednesday night. Brayden Schenn tallied a goal and assist, Jordan Kyrou also scored and Vladimir Tarasenko had three assists for the Blues, who improved to 2-0-0. Will Borgen, Ryan Donato and Adam Larsson scored for Seattle, which went 0-2-1 on its first homestand of the season. 4 overall pick in this year's draft, got his first NHL point with an assist.

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