Getting out of town for the long weekend? If you’re traveling by plane, perhaps we should take a moment to review a couple of items the FAA is not cool with you stashing in your carry-on. Gulf-clubs. Cattle prods. Regular-sized bottles of shampoo. Gel-type candles. Guns. Yes, guns! It’s pretty wild but they’re still not letting people bring them on planes. If this comes as a shock, don’t feel bad because you’re not alone- it’s a crazy rule one Deutsche banker was unaware of, as well.

Shen Yan, head of North Asia institutional clients group of Deutsche Bank, was arrested at Hong Kong airport last week after a gun was found in his luggage, the sources said. Yan had been granted bail and was charged by the Hong Kong police, said the sources who asked not to be identified.

According to a spokesperson for DB, “this is a personal matter for Mr Yan and has nothing to do with Deutsche Bank,” which has put him on a time-out until “the matter is resolved.”

Senior Deutsche Bank banker nabbed for carrying gun at HK airport [Reuters]

Article courtesy of Dealbreaker

$$$ Senate Report on Meltdown Under Justice Department Review [BusinessWeek]

$$$ US Says Deutsche Bank Lied [WSJ]

$$$ Ex-Goldman Programmer Aleynikov Denied Bail [CNBC]

$$$ Goldman Sachs Ends Recommendation to Short Five-Year U.S. Treasury Notes [Bloomberg]

$$$ Silver Slides Again on Margin Hike [Reuters]

$$$ Osama bin Laden didn’t win, but he was ‘Barca Through to Final After 1-1 Draw with Real [Reuters]

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The Germans are getting sued, today, for “years of reckless lending practices.”

According to a press release issued by the U.S. attorney’s office in Manhattan, the Justice Department will sue Deutsche Bank and its subsidiary MortgageIT for “years of reckless lending practices.”

According to the release, the suit will be a “civil mortgage fraud lawsuit.” The office has scheduled a press conference at 1:00 p.m. EDT on Tuesday.

[WSJ]

Article courtesy of Dealbreaker

$$$ George Soros: What if the world isn’t worth saving? [MarketPlace]

$$$ Citigroup Loses Municipal Bond Case [WSJ]

$$$ Meet My Departed Grandma, Fledgling Facebook Investor [WSJ]

$$$ JPMorgan Ex-Structured Product CDO Head Llodra May Face SEC Suit [Bloomberg]

$$$ Deutsche Bank Maneuvers Around Capital Rules [WSJ]

$$$ Japan valuations “are getting very attractive,” said Templeton Emerging Markets Executive Chairman Mark Mobius, so much so that the country is beginning to resemble an emerging market. [CNBC]

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Senator Chuck Schumer just appeared on CNBC to discuss the Deutsche Boerse and NYSE Euronext deal. His thoughts? He likes it, assuming the New York name comes first, otherwise he’s going to handcuff himself to Maria Bartiromo’s desk until it happens.

Please know that this isn’t just vanity on Chuck’s part- he has reasons, three of them in fact, for why he’s right on this. They are:

1. NYSE first will reflect New York’s place as the financial capital center of the world

2. It will be better for the company

3. We need to lay down the law with these Germans right now. They need to know when you come into our house, you play by our rules!

Article courtesy of Dealbreaker

Shares of Wimax broadband wireless provider Clearwire (CLWR) are up 40 cents, almost 8%, at $5.68, and rose as much as 14% earlier in the day, on reports the company could do deal with Germany’s Deutsche Telekom’s (DT) T-Mobile unit.
Bloomberg’s Ragnhild Kjetland and Serena Saitto this afternoon write that Clearwire, [...]

Article courtesy of BARRONS.com: Tech Trader Daily

Hint: think more lederhosen, less ritual sacrifice.

German group Deutsche Bank paid its investment bankers over $500,000 each on average last year, topping Goldman Sachs as the highest payer on Wall Street. Pay and benefits for all Deutsche’s 15,943 staff in its corporate and investment bank arm was 5.9 billion euros ($8.2 billion) last year, or an average of 373,000 euros, according to 2010 results announced on Thursday. Average pay was up from 357,000 euros in 2009, after investment bank revenues rose 11 percent to 20.9 billion euros…Even stripping out severance payments, pay for Deutsche’s investment bankers averaged 355,000 euros last year.

Highest Banker Pay [Reuters]

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Sanford Bernstein analyst Robin Bienenstock today offered an interesting think piece on what happens to Deutsche Telekom’s (DT) T-Mobile unit in the U.S. and to Sprint (S), now that it seems Verizon Communications and AT&T (T) are pulling away in the U.S. wireless market as the stronger two operators.
Bienenstock explores [...]

Article courtesy of BARRONS.com: Tech Trader Daily

Shares of Symantec (SYMC) are up 67 cents, almost 4%, at $18.19 after Deutsche Bank software analyst Todd Raker today raised his rating on the stock to Buy from Hold, writing that improved profitability in the company’s consumer PC anti-virus products, along with better sales of its SSL security offering, [...]

Article courtesy of BARRONS.com: Tech Trader Daily

Apparently at his new firm, Lippman is able to clock out earlier because he’s focused on “one thing and one thing only, which is making money.” At Deutsche Bank, there were a lot of other responsibilities that sucked up his time, like coddling Germans and updating his Sushi Spreadsheet.

Article courtesy of Dealbreaker