The billionaires’ ownership and sponsorship of corporate media helps explain why the corporate media narrative serves their interests. In Britain, five billionaires own 80% of … Media Banker-Friendly and Corrupt?Read more
Bank
Posted inBank / Economics / Media / ToMl
How Many Lies Can the WSJ Pack into a Chart on Liar’s Loans?
This is the second article in my series prompted by the Wall Street Journal report that “big money managers” want to bring back “liar’s loans.” … How Many Lies Can the WSJ Pack into a Chart on Liar’s Loans?Read more
Posted inBank / Corruption / Economics / ToMl
HSBC scammed £1billion from British high-street shoppers
The deafening media silence on HSBC applying over £1bn of illegal charges to 500-600,000 British shoppers perseveres. Working as a debt recovery specialist for HSBC, … HSBC scammed £1billion from British high-street shoppersRead more
Posted inBank / Crime / Debt / Economics / India
Initiate Criminal Proceedings Against Vijay Mallya and Other Defaulters
Vijay Mallya owes Indian banks over Rs 9,000 crores. He has run away to the UK and we don’t know when or if he will … Initiate Criminal Proceedings Against Vijay Mallya and Other DefaultersRead more
Posted inBank / Economics / Fossil fuel / ToMl
Banks Much Deeper in the Hole on Oil & Gas Collateral than they Pretend
An asset is ultimately worth what a buyer is willing and able to pay for it. That price turns out to be terribly low for … Banks Much Deeper in the Hole on Oil & Gas Collateral than they PretendRead more
Posted inBank / Economics / News
Morgan Stanley to Pay $3.2 Billion to Settle Allegation of Fraud
banking giant Morgan Stanley will pay $3.2 billion to settle a slew of federal and state charges that the bank lied to investors about the … Morgan Stanley to Pay $3.2 Billion to Settle Allegation of FraudRead more
Posted inBank / Economics / ToMl
Reinventing Banking
Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself. Among other interesting … Reinventing BankingRead more