The banks, which finance energy companies, are now staring at difficult times. According to a recent report published in Bloomberg, as many as 34 private … Banks looking at bad loans worth Rs 1.75 lakh croreRead more
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Posted inBank / News
RBS to Pay $612 Million Fine for Libor Rigging
The Royal Bank of Scotland has agreed to pay a $612 million fine in the United States and Britain over its role in the manipulation … RBS to Pay $612 Million Fine for Libor RiggingRead more
Posted inBank / Debt / ToMl
How Much Are Banks Exposed to Subprime?
A couple of days ago, when I wrote about the soaring delinquency rates in subprime auto loans – the worst since 1996 – and the … How Much Are Banks Exposed to Subprime?Read more
Posted inBank / Corruption / News
The “Edward Snowden of Banking” Is Arrested in Spain for Leaking Documents About 100,000 Tax Evaders
A whistleblower known as the “Edward Snowden of banking” has been arrested in Madrid on an arrest warrant issued by Switzerland. In 2008, Hervé Falciani … The “Edward Snowden of Banking” Is Arrested in Spain for Leaking Documents About 100,000 Tax EvadersRead more
Posted inBank / Corruption / News
Deutsche Bank to Pay $3.7 Million to Settle SEC Charge it Misled Consumers
The Securities and Exchange Commission ordered Deutsche Bank Securities to repay more than $3.7 million to settle allegations that the company misled customers. The SEC’s … Deutsche Bank to Pay $3.7 Million to Settle SEC Charge it Misled ConsumersRead more
Posted inBank / Economics / ToMl
Time to Level the Playing Field
Student Debt Slavery II The lending business is heavily stacked against student borrowers. Bigger players can borrow for almost nothing, and if their investments don’t … Time to Level the Playing FieldRead more
Posted inBank / Racism / ToMl
For people of color, banks are shutting the door to homeownership
[Remember: debt encumbered homeowners wont go to strike.] Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos … For people of color, banks are shutting the door to homeownershipRead more
Posted inBank / Economics / ToMl
Bankrolling Financiers on the Backs of the Young
Student Debt Slavery 1 Higher education has been financialized, transformed from a public service into a lucrative cash cow for private investors. The advantages of … Bankrolling Financiers on the Backs of the YoungRead more
Posted inAfrica / Bank / Corruption / News
Malabu Scandal: Nigeria sues JP Morgan, demands $875 million
U.S. banking giant, JP Morgan, is being sued by the Federal Republic of Nigeria for $875million (N315 billion) in the London courts over its alleged … Malabu Scandal: Nigeria sues JP Morgan, demands $875 millionRead more