Major Banks Fined $4.3 Billion over Exchange Market Manipulation (Nov. 13) — Six of the world’s largest banks have been fined a collective $4.3 billion for manipulating the foreign exchange market. HSBC, Royal Bank of Scotland, JPMorgan Chase, Citigroup, UBS AG and Bank of America were found to be negligent in traders’ collusion around global […]
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THE REAL NEWS AXT: “This is just the first step at looking at this industry. We have been actively organizing in car washes and supermarkets and in fast food restaurants, but we’ve just turned our attention to the banking industry to see what was going on with workers there and were shocked to discover that […]
THE REAL NEWS BLACK: “The United States government, now with the endorsement of the Justice Department, has said that after investigation it found that essentially every large bank involved in the secondary market sales to Fannie and Freddie committed fraud [...] and intentional crime. [...] There were three of these epidemics of mortgage fraud that […]
THE REAL NEWS Even though many on Wall St. understand need for regulation, most want a free-for-all and damn the consequences.
OCCUPIED TUCSON CITIZEN Despite the heat of late July afternoons, demonstrators from Occupy Tucson have been targetting Chase Bank in curbside rush-hour protests that remind hundreds of motorists about Chase’s continued risky financial activities. On July 18, protesters stood outside the Chase Bank at Congress and Stone, and a July 25 protest targeted the Chase […]
THE REAL NEWS To reduce poverty, Africa needs to demand financial transparency as big banks collude with local corruption.
OCCUPIED TUCSON CITIZEN? I’m in Alaska, amid moose and bear, trying to steal some time away from the absurdities of American politics and economics. But even at this remote distance I caught wind of Sanford Weill’s proposal on CNBC that big banks be broken up in order to shield taxpayers from the consequences of their […]