PALloyds has been accused of cutting its compensation payments for mis-sold payment protection insurance (PPI) by exploiting...
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Operation Deimos
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Michael J. Cavanagh, the longtime JPMorgan Chase executive who is preparing to join the Carlyle Group, will make $7 million in salary and bonus, and will also received restricted stock worth $32 million. 
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Ronald Holmes, the father of NBA player Shabazz Muhammad, was sentenced in Las Vegas to 37 months in federal prison Thursday in a $2.5 million mortgage fraud scheme.
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An explosive scandal over oil revenues has gone toxic with President Goodluck Jonathan suspending the Central Bank governor who blew the whistle on $50 billion allegedly missing from state coffers, and accusing him of "financial recklessness."
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China Cinda Asset Management has always been opaque. Even after its $2.5 billion initial public offering last year, questions persist as to how exactly the “bad bank” makes money on distressed assets.
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From
wwlp
The owner and president of the Hallmark Institute of Photography in Conway pleaded guilty for using millions of company funds to pay for personal expenses.
Anonymous Hades's insight:
F.Y.I.
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Co-op Bank's boardroom review shows Paul Flowers was praised by fellow directors for his 'thorough preparation' The disgraced Methodist minister Paul Flowers was described as the "perfect choice" to lead the Co-operative Bank, according to a review...
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From
ranther
The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say.
Anonymous Hades's insight:
F.Y.I.
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From
qz
Citigroup can't seem to get out of its own way. The sprawling global banking giant finds itself once again ensnared in an international business scandal—this time in Mexico—which threatens to ding its bottom line. The latest problem for Citi, which could potentially deliver a blow to its reputation, centers on a Mexican fraud scandal that has...
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British and American authorities investigating bad behavior at large banks have reached an uneasy truce.
Anonymous Hades's insight:
F.Y.I.
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Concerning the future of the Trans-Pacific Partnership (TPP), the president is expected to accelerate talks and negotiations to play import/export with other nations to ensure profits for rich countries and control one-third of global trade.
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While the penalties wouldn’t set records, “these fines are unusually high and reflect the severity of the Libor scandal and the regulator’s view of the behavior that has taken place,” said Richard Burger, a regulatory lawyer in London.
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Perk Hixon, a powerful New York investment banker, on Friday become the latest Wall Street high-flyer to crash into Manhattan US Attorney Preet Bharara’s sprawling insider-trading probe.
Anonymous Hades's insight:
Voters have "zero tolerance" for well-heeled thieves, so this will come as good news to those who want to see more long sentences for the parasites of finance.
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A southern Illinois businessman who federal investigators say made $1 million in a Madison County bid-rigging scandal has been ordered to spend more than a year in prison.
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Jackson County Circuit Judge Susan Beebe sentenced Michael Samulak, 40, to three years to 15 years in prison for second-degree home invasion. Samulak pleaded guilty in November to the offense and larceny of a firearm.
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Ex-Barclays Plc Chief Executive Officer Bob Diamond received an e-mail in 2007 describing Libor rates as a “fantasy,” according to documents in the first U.K. lawsuit over manipulation of the benchmark.
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Bank of America Corp., Citigroup Inc. and Credit Suisse Group AG were among 16 of the world’s biggest banks sued by the U.S. Federal Deposit Insurance Corp. for allegedly manipulating the London interbank offered rate from 2007 to 2011.
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The average bonus paid to securities industry employees in New York City grew 15% last year to more than $164,000
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Has anything changed on Wall Street? Hell no.
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From
qz
As if there weren't enough reasons to cast a jaundiced eye on the banking system, Bloomberg reports that several international banks are now accused of manipulating a key benchmark, known as the gold fix, in the $20 trillion gold market. The charges of fixing gold prices in London are being leveled at Barclays, Deutsche Bank, ScotiaMocatta...
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The individual, a London-based senior figure at one of the world's big international banks, was suspended in September but has not been formally accused of any wrongdoing.
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Why are so many bankers being killed? What do they all have in common? Who is next on the list? Steve & V explain on The Hagmann & Hagmann Report.
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Take a good long look at this video but, parents should take note: This video contains strong language (the audio portion is uncensored).
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Certain oligarchs helped fuel the protests that toppled Yanukovych. Others have been targets, too. Most favor closer trade with Europe
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Global banking giant HSBC was accused of 'soar-away boardroom greed' today as it revealed plans to swerve an EU cap on huge bonuses.
Read more: http://www.dailymail.co.uk/news/article-2566636/HSBC-accused-soar-away-boardroom-greed-pays-2-3billion-bonuses-reveals-plan-avoid-EU-cap-payouts.html#ixzz2uJKntTrD
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Britain's biggest bank awards staff 'fixed pay allowances' to side-step restriction on bonuses imposed by Brussels Britain's biggest bank, HSBC, has inflamed the row over City pay by awarding allowances to more than a thousand of its top staff,...
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A controversial trade deal being touted by the White House is expected to give American corporations broad new authority if approved. Now according to newly released documents, big banks gave millions to the execs that are now orchestrating the agreement.
Anonymous Hades's insight:
F.Y.I.
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