CFO John Shrewberry projects that legal costs and other expenses related to the scandal will swell to between $50 million and $60 million and remain at that level for the next several quarters.
Scott Alvarez, the Federal Reserve's long-time general counsel, will retire later this year after nearly three dozen years at the central bank, the agency announced Wednesday.
An amended proprietary trading ban could limit conflicts for firms with both lending and securities arms, and prevent large banks from using deposits for speculative activity.
The German bank's head of corporate and investment banking is reportedly looking to leave; analysts are worried that a bitcoin fund might set off "irrational exuberance" among investors.
