DOJ sues former Deutsche Bank head of subprime trading — The government alleges that Paul Mangione “engaged in a fraudulent scheme to misrepresent the characteristics of loans backing two residential mortgage-backed securities (RMBS) that Deutsche Bank sold to investors that resulted in hundreds of millions of dollars in losses.” DOJ
Meet the retired black cop who became a whistleblower — “Among the Philadelphians who would be least surprised by recent allegations of racism in the Philadelphia Police Department is Rochelle Bilal, an outspoken black woman and civil-rights advocate who, upon joining the police academy in the mid-1980s, claims to have encountered ‘true, straight-up racism.'” Philadelphia
Financial Conduct Authority summons Standard Chartered over bribery claims — The UK financial regulator is apparently looking into whistleblower allegations of misconduct at an Indonesian power plant builder owned by the bank. MarketWatch
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