Bankster Digest: Shenanigans of the 0.01% (updated)

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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 …

Read moreBankster Digest: Shenanigans of the 0.01% (updated)

Major banking scandals only back page news at the Arizona Daily Star

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OCCUPIED TUCSON CITIZEN That HSBC bank officials knowingly helped Mexican drug lords launder their money is bad enough. That the Obama administration decided not to file criminal charges against the responsible bank executives and instead only fined the bank is just as egregious. But what might be worst of all, since we have already come …

Read moreMajor banking scandals only back page news at the Arizona Daily Star