Europe

• Puerto Rico Development Bank Won’t Make Most of a Debt Payment Monday (WSJ)
• Why the jump in futures? Tokyo slide keeps mood downbeat (Reuters)
• Indiana to test Donald Trump’s staying power with evangelicals (Reuters)
• Gold Rallies Above $1,300 for First Time Since January 2015 (BBG)
• This Tech Bubble Is Bursting (WSJ)
• Valeant’s CEO Was Key Force on Pricing (WSJ)
• US banks sound caution on commercial property loans (FT)
• As oil plows through $45 a barrel, U.S. producers rush to lock in prices (Reuters)

It has been a busy weekend for mostly negative newsflow.

Fear Internationalization? It Could Mean Financial Security

Written by Jeff Thomas (CLICK FOR ORIGINAL)

In the early sixteenth century, the Hunt-Lenox globe was drawn, showing uncharted (and presumably dangerous) areas, marked with the warning: “HIC SVNT DRACONES” – “Here are Dragons.”

Authored by Eric Zuesse via Strategic-Culture.org,

Just two days after Deutsche Bank fired the head of its "integrity committee", Georg Thoma who had been originally tasked with clearing up the bank's past scandals, because according to DB's vice chairman Alfred Herling, Thoma had been "overzealous" and "goes too far when he demands ever wider investigations and more and more lawyers come marching up", today the UK financial watchdog agency FCA announced that Germany's biggest bank has "serious" and "systemic" failings in its controls against money laundering, terrorist financing and sanctions, the Financial Times reported.