Author Archives: Danielle Park

Today Wells Fargo CEO John Stompf is appearing before the Senate Banking Committee to answer questions on widespread fraud at many of the bank’s branches where over 5000 employees have now been fired for opening fake accounts and credit applications … Continue reading →

As pointed out by Stephen Roach here on Project Syndicate in August, if China’s 2016 GDP growth hits the government’s official 6.7% target– China will account for 1.2% (39%) of the IMF’s estimated 3.1% global GDP growth in 2016. That … Continue reading →

After years of reckless management, over-leverage, regulatory infractions and illegal activities, Deutsche Bank (one of the worlds most systemically interconnected banks) is falling into a capital death spiral reminiscent of Lehman Bros. and Bear Stearns in 2008. The shares are … Continue reading →