Many British politicians and tax campaigners are angry after it was revealed that some of the largest and most successful investment banks in London paid little or no corporate taxes in 2014. It was discovered […]
JP Morgan
Stupid Oversight By Banks Allowed Known Con Artist To Open 17 Different Accounts
Daniel Fernandes Rojo Filho, who allegedly participated in a massive Ponzi scheme, supposedly established 17 different bank accounts under the name of his business. Filho is 48 years old, and he claims to be a […]
Goldman Sachs Almost Invested Into Rapidly Declining Glencore
Goldman Sachs nearly invested heavily into now-tanking company Glencore, but they didn’t because of potential regulatory limits. The investment firm was ready to put millions of dollars into the commodity trading and mining company, but […]
22 Banks Hit With Class Action Lawsuit Over Treasury Bill Rate Manipulation
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 […]
Despite $35 Billion Crime Spree Head Of JP Morgan Is Now A Billionaire And Not In Jail
For common folks crime doesn’t pay, but if you’re the head of a too-big-to-fail criminal racket known as a bank, in this case JP Morgan, it certainly does. And quite handsomely. Bloomberg, which tracks those […]
JP Morgan Investigated In Yet Another Criminal Probe
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 […]
Another Day Another Bank Scandal – Deutsche Bank Fined $2.5 Billion
Americans should be outraged today as The New York Department for Financial Services announced that Deutsche Bank will pay a $2.5 billion fine “in connection with the manipulation of the benchmark interest rates, including the […]
Governments And Banks Want To Track Your Money
Disturbing news has leaked today that some JPMorgan Chase customers are receiving letters informing them that the bank will no longer allow any cash to be stored in safety deposit boxes. The details of a […]