Bank
Posted inBank / Corruption / News
Barclays to Pay $100 Million to U.S. States over Libor Scandal
British banking giant Barclays Bank has agreed to pay $100 million in a settlement with 44 U.S. states for rigging Libor, the interest rate which … Barclays to Pay $100 Million to U.S. States over Libor ScandalRead more
Posted inBank / News / Politics
Goldman Sachs Hires Former European Commission President
Goldman Sachs said on Friday that it had hired José Manuel Barroso, the former European Commission president and former prime minister of Portugal, as an … Goldman Sachs Hires Former European Commission PresidentRead more
Posted inBank / Economics / Spain / ToMl
Next Banking Scandal Explodes in Spain
The last five years have been a bumper period for banking scams and scandals in crisis-ridden Spain. From Bankia’s doomed IPO in 2012 to the … Next Banking Scandal Explodes in SpainRead more
Posted inBank / Economics / Financial crisis / ToMl
How bank networks amplify financial crises
How financial networks propagate shocks and magnify recessions is of interest to both scholars and policymakers. The financial crisis of 2007-8 convinced many observers that … How bank networks amplify financial crisesRead more
Posted inBank / Economics / Finance / India / News
RIL, SBI sign shareholder pact for payments bank joint venture
Reliance Industries (RIL) has signed a shareholder agreement with SBI to set up a payments bank joint venture. “The Subscription and Shareholders’ Agreement was signed … RIL, SBI sign shareholder pact for payments bank joint ventureRead more
Posted inBank / Economics / Finance / India
SBI to absorb corporate branches of associates post merger
SBI today said the corporate branches of its five associate banks will “fold up” into the parent bank as part of network rationalisation after their … SBI to absorb corporate branches of associates post mergerRead more
Posted inBank / Economics / Greece / IMF / ToMl
Bailouts of Greece are Pretense for Massive Payout for German and French Banks
Yanis Varoufakis talking: We began our Democracy in Europe Movement with our comrades in Germany. Everywhere we go in Germany, we have immense support as … Bailouts of Greece are Pretense for Massive Payout for German and French BanksRead more
Posted inBank / Economics / Government / ToMl / USA Empire
Obama’s Great Lie: What’s Good for Wall Street Felons is Good for America
To no one’s surprise, President Obama lobs periodic attacks on Bernie Sanders’ plans to restore the rule of law to Wall Street elites. Obama launched … Obama’s Great Lie: What’s Good for Wall Street Felons is Good for AmericaRead more