Banking scandal: how document trail reveals global scam

It’s not a comfortable weekend for the men heading some of the world’s biggest banks. Barclays has already been hit by a £290m ($455 million US) fine for rigging interest rates but that could be dwarfed by a series of global lawsuits which could cost banks billions

Jamie Doward The Guardian [UK] 30 June 2012

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Wall Street Aristocracy Got $1.2T in Secret Loans

Bradley Keoun and Phil Kuntz Bloomberg 8/21/2011

Citigroup Inc. (C) and Bank of America Corp. (BAC) were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits.

By 2008, the housing market’s collapse forced those […]

RBS tells clients to prepare for ‘monster’ money-printing by the Federal Reserve

As recovery starts to stall in the US and Europe with echoes of mid-1931, bond experts are once again dusting off a speech by Ben Bernanke given eight years ago as a freshman governor at the Federal Reserve.

Ambrose Evans-Pritchard The Telegraph [UK] 27 June 2010

Entitled “Deflation: Making Sure It Doesn’t Happen Here“, it […]

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