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 […]
RICO
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 […]
Another Week, Another Criminal Conspiracy At Deutsche Bank
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 […]
JPMorgan Chase To Pay $136M For Illegal Debt Practices
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 […]
Six Global Mega-Banks Under Investigation. Yet Again.
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, […]
FIFA Scandal Noose Tightens As Third Largest Swiss Bank Launches Internal Probe
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 […]
Citigroup Found To Be Enabling Vast Money Laundering In Latest Act Of Bank Criminality
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 […]
Heads Of Criminal Banking Racket Deutsche Bank To Step Down
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 […]
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 […]
Criminal Racket Deutsche Bank Pays Yet Another Multi-Milion Dollar Fine For Illegal Activity
Deutsche Bank AG announced that it will pay $55 million to settle U.S. Securities and Exchange Commission claims that it faked the value of derivatives during the financial crisis. If this sounds familiar its because […]