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Guilty Plea By Credit Suisse Banker Could Blow The Lid Off
Business  (tags: Credit Suisse, finance, tax evasion, USA, IRS, banking, americans )

- 1869 days ago -
Now, the first of seven of its indicted Swiss bankers has plead guilty to conspiring to defraud the IRS. Andreas Bachmann, 56, of Switzerland, took a plea and claims bank execs knew all about it.
Credit Suisse Release the Names of 22,000 Wealthy American Tax Dodgers ACTION
Business  (tags: credit suisse, tax evasion, government, corruption, banking, business, money )

- 1870 days ago -
Credit Suisse admits their bankers helped a whopping 22,000 accountholders avoid U.S. taxes via offshore shelters - and now their CEO, Brady Dougan, is simply refusing to give the names to the U.S. government.
Credit Suisse Execs 'Deeply Regret' Helping Americans Evade Taxes
Business  (tags: americans, banking, corruption, dishonesty, finance, government, money, Swiss Banking, tax evasion )

- 1871 days ago -
Credit Suisse's CEO defended the Swiss bank on Wednesday in front a Senate subcommittee on offshore tax evasion
Financial Death Toll Rises to 6, as JP Morgan Employee Jumps From Asian HQ
Business  (tags: Banking, Crisis )

- 1889 days ago -
A third JP Morgan employee has died under mysterious circumstances in a matter of few weeks. A still unidentified "Chinese male in his thirties" jumped from the roof of Charter House, the 30 floor Hong Kong headquarters of JPM.
JPMorgan, Morgan Stanley Fined $1.8 Bn for Concealing Pre-Crisis Mortgage Risk
Business  (tags: Banking, Economy, USA )

- 1901 days ago -
Morgan Stanley has agreed to pay $1.25 billion to the US government, and JPMorgan has been fined $614 million as a penalty for concealing the full risk associated with mortgage securities.
Federal Reserve Hacked
Business  (tags: aaron swartz, anonymous, banking, cyber security, federal reserve, hacktivism, op last resort )

- 2267 days ago -
The US Federal Reserve bank has confirmed one of its internal websites was broken into by hackers after the hacktivist group Anonymous was claimed to have stolen details of more than 4,000 bank executives.
Bankers Attempt Out-of-Pocket Profit From Workers' Pensions
Business  (tags: Canada, banking, pensions, administration fees uncapped, profit )

- 2435 days ago -
Now banks eagerly await PRPPs, knowing the federal government will not cap fees, but simply require that fees be in line with the high prices that banks and insurance companies now charge for administering pension plans!
Banks to Push for Account Fees in the Wave of Libor Scandal
Business  (tags: Banking, Global Economy, Libor Scandal )

- 2437 days ago -
Barclays' new chairman, Sir David Walker told The Sunday Telegraph the rate fixing scandals were a 'consequence of not charging for bank accounts', and said he supports charging customers fees.
Reinstate the Glass-Steagall Act ACTION
Business  (tags: finance, money, banking, US, glass-steagall, middle class, corruption )

- 2439 days ago -
Glass-Steagall aided in a six-decade rise of a more egalitarian financial system and a healthy middle class. Its 1999 repeal ushered in our current era of reckless and ruinous banking practices, which brought the USA to the brink of financial disaster...
From Penn State to JPMorgan Chase and Barclays: Destroying Higher Education, Savaging Children and Extinguishing Democracy
Business  (tags: americans, banking, business, corporate, corruption, dishonesty, education. economy, finance, government, investments, labor, lies, money, politics, society )

- 2476 days ago -
The Freeh report makes clear that there was a concerted attempt to cover-up the acts of a serial predator, Jerry Sandusky, while willfully disregarding the welfare of the children he abused. Given the reporting of the last year, much of this is not-->
The LIBOR Scandal -- And Why It's Important
Business  (tags: wall street, finance, ethics, cover-up, corruption, business, banking, wall street, libor, Kucinich )

- 2476 days ago -
What has emerged from the Barclay's Bank inquiry is evidence that banks may have in fact been deliberately manipulating Libor rates for years. The evidence so far is that one arm of a bank responding to the Libor poll would change their number based on...
The Wall Street Scandal of All Scandals
Business  (tags: abuse, americans, banking, business, consumers, corruption, dishonesty, economy, finance, government, investing, investments, marketing, money, politics, society )

- 2480 days ago -
What's the most basic service banks provide? Borrow money and lend it out. You put your savings in a bank to hold in trust, and the bank agrees to pay you interest on it. Or you borrow money from the bank and you agree to pay the bank interest.
After Five Years: Report Card on Crisis Capitalism
Business  (tags: abuse, americans, banking, business, consumers, corporate, corruption, dishonesty, economy, Entrepreneurs, ethics, finance, foreclosures, government, investments, investors, marketing, money, politics, society )

- 2480 days ago -
One key cause of this crisis is the class structure of capitalist enterprises. I stress that because most treatments miss it. By class structure, I mean enterprises' internal organization pitting workers against corporate boards of directors and major-->
The Wall Street Scandal of All Scandals
Business  (tags: finance, ethics, cover-up, corruption, business, banking, wall street, libor world )

- 2481 days ago -
Libor is the benchmark for trillions of dollars of loans worldwide -- mortgage loans, small-business loans, personal loans. It's compiled by averaging the rates at which the major banks say they borrow.
40 Million Strong: Underwater Homeowners Can Fight and Win ... If They Get Organized
Business  (tags: americans, banking, business, debt, dishonesty, economy, finance, foreclosures, organize, money, mortgages )

- 2511 days ago -
It sounds like hype to say it, but underwater homeowners can change the course of history. It's not me saying that - it's the numbers. People who owe more than their homes are worth have the power to become the a powerful new political and economic force.

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