Within two weeks of the invasion of Libya, the independent central bank was established to re-align with the global central banking system, which not only oversees all domestic transactions, but facilitates the one way flow of domestic and international wealth from the bottom up with the 99% providing the 1% with the bulk of the … Continue reading
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Simon Goodley The Guardian, Wednesday 13 March 2013 19.08 GMT The fixing of the gold price in London dates back to September 1919. London’s financial sector was last night bracing itself for another official investigation into alleged price-fixing following reports that a US regulator is considering launching an inquiry into the City’s gold and silver … Continue reading
Thu Feb 7, 2013 11:54pm EST (The following was released by the rating agency) MUMBAI/LONDON/SINGAPORE, February 07 (Fitch) Equity-raising by Indian banks in the last couple of months is the first step in the sector’s transition towards Basel III requirements, Fitch Ratings says. As the sector enters the phase of transitioning into the Basel III-based … Continue reading
NEW YORK (Reuters) – Wells Fargo Bank, N.A. was sued Wednesday by a German government agency that accused it of mismanaging a collateralized debt obligation, resulting in more than $160 million in losses. Wells Fargo and Collineo Asset Management GMBH, a German financial services company, allowed investments of overly risky assets not permitted under the … Continue reading
Michael Snyder Economic Collapse Jan 24, 2013 Why does it seem like wherever there is human suffering, some giant bank is making money off of it? According to a new report from the World Development Movement, Goldman Sachs made about 400 million dollarsbetting on food prices last year. Overall, 2012 was quite a banner year … Continue reading
LONDON (AP) — A British court has rejected an attempt by Barclays to shield the names of more than 100 present and former employees of the bank allegedly involved in manipulating a key interest rate index or who for other reasons came to the attention of investigators. Justice Julian Flaux ruled Thursday that granting anonymity … Continue reading
Newstalk Friday 4 January 2013 While Tanaiste Eamon Gilmore claims Ireland will be ‘post-recession’ by the end of the year, Paul Ferguson of Sensible Money suggests we should learn more about where our money actually comes from before we make that call… The American Economic Association will host the largest annual economics conference this weekend … Continue reading
07 Jan 2013 | Adam Bandt Banking / Consumer Affairs Greens Deputy Leader and banking spokesperson, Adam Bandt, today released a proposal to ban the big 4 banks from charging ATM fees. “The big 4 banks should be required to offer fee-free ATM access to all Australians,” said Mr Bandt. “The big banks made $23bn profits last year, yet … Continue reading
By Rachel Sanderson, Financial Times , CNN – January 4, 2012 http://edition.cnn.com/2013/01/03/business/italy-vatican/index.html (Financial Times) — A stand-off between two titans of finance, the Bank of Italy and the Vatican, has forced tourists to abandon their visits to the Sistine Chapel — unless they have cash in their pockets. Italy’s central bank has blocked all electronic payments … Continue reading