Antitrust officials in the United States are examining whether or not the country’s four biggest airlines formed a sort of airline cartel, in which they worked together in order to keep airfares high. It is […]
![America’s Four Largest Airlines And Their Shareholders Are Facing A Major DOJ Antitrust Investigation](https://americans.org/new/wp-content/uploads/2020/06/image-placeholder.jpg)
Antitrust officials in the United States are examining whether or not the country’s four biggest airlines formed a sort of airline cartel, in which they worked together in order to keep airfares high. It is […]
In its first move to reduce its global presence, Deutsche Bank has decided to close its Russian operations, with the exception of transaction banking services. Deutsche Bank recently announced its plan to transition from a […]
The U.S Justice Department has outlined back breaking guidelines on the prosecution of corporate executives in criminal matters. Long condemned for their lackluster lenience in going after Wall Street executives, the department is now launching […]
In its latest attempt to stabilize China’s stock exchange and economy as a whole, the Chinese government has imposed a three-month trading suspension on several trading accounts, with one being Citadel Shanghai Trading, a subsidiary […]
Global mega bank Barclays announced today that it will start acknowledging the controversial digital currency Bitcoin towards the end of this year. The UK-based international financial services organization affirmed that Bitcoin has the “potential to […]
The most internationally recognized banking institutions in the world face a wave of lawsuits in the UK this autumn to compensate for billions of dollars of losses incurred as a result of their traders rigging […]
New reports have emerged that Citigroup Inc. is under investigation by the Consumer Financial Protection Bureau (“CFPB”) regarding its student loan servicing practices. Although Citigroup did not specifically name the agency conducting the investigation, it […]
In the aftermath of the LIBOR convictions in May this year, in which five global banks agreed to pay $5 billion for their manipulation of interbank interest rates, 22 banks were sued on Thursday for […]
In the latest development in the seemingly made-for-Hollywood events surrounding the FIFA scandal, United States regulators are probing major banks over their possible handling and processing of “tainted funds.” The investigation is focused on whether […]
The Consumer Financial Protection Bureau (CFPB) has ordered Citigroup to refund $700 million to customers and slapped the institution with $70 million in fines for “illegal and deceptive credit card practices”. The penalties are the […]
It appears U.S. authorities aren’t finished with thinly disguised criminal racket Deutsche Bank after it emerged this week that regulators are beginning yet another investigation into criminal conduct by the bank, this time looking into a […]
The Consumer Financial Protection Bureau has charged JPMorgan Chase with yet another criminal misdeed, this time for its illegal debt collection practices. These include using illegal collections tactics that were targeted at credit card borrowers […]
It wouldn’t be a week without the world’s criminal banks coming under investigation illegal activity and this week didn’t disappoint as six of the world’s largest banks are under investigation for possible foreign-exchange market rigging, […]
As we’ve seen over the last eight years, global mega-banks rarely launch internal investigations on their own volition. Instead they come one step ahead of a legal inquiry into their criminal activities, whether that’s market […]
The U.S. Justice Department’s criminal investigation into money laundering at Citigroup Inc.’s Banamex USA unit has unearthed violations serious enough to warrant a large fine under the Bank Secrecy Act, according to reports. The criminal […]
After an extraordinary meeting held over the weekend, the two current co-chief executives of criminal banking giant Deutsche Bank, Anshu Jain and Jürgen Fitschen, are stepping down, the bank announced Sunday. Yet, like their peer […]
The SEC proudly announced on Thursday what is perhaps the first ever double revolving door in SEC history: It has had hired a former Goldman worker as its new chief of staff, who before Goldman […]
Proving that Wall Street is always above the law, federal prosecutors are said to be filing criminal charges against General Motors Co. over a faulty ignition switch linked to more than 100 deaths. The charges […]
While the bandits of Wall Street sidestepped yet another criminal prosecution and yet again got off without anyone going to jail yesterday, one member of the Securities and Exchange Commission has, like us, had enough. […]
Understandably top executives from the biggest U.S. banks are concerned about anti-Wall Street rhetoric on the 2016 campaign trail. The banks have, after all, been running sophisticated criminal enterprises that have victimized hardworking Americans in […]
It wouldn’t be a week in the financial markets without more revelations of criminal conduct at a global mega-bank. Yesterday it was revealed that JPMorgan Chase has been placed under formal investigation in France as […]
It wouldn’t be a week in America without a criminal banking scandal and this week did not disappoint. BNP Paribas SA was sentenced to just five years probation by a U.S. judge on Friday in […]