Five of the world’s largest banks, including JPMorgan Chase & Co and Citigroup Inc, were fined roughly $5.7 billion, and four of them pleaded guilty to U.S. criminal charges over manipulation of foreign exchange rates, authorities said on Wednesday.
A fifth bank, UBS AG, will plead guilty to rigging benchmark interest rates, the U.S. Justice Department said. (more…)
By Alec Cope
We Are Change
While Congress was on Spring Recess – an unidentified man took his own life protesting the 1%.
On April 11th, 2015; during the beautiful morning hours, a man stood in front of the Capitol Building in Washington D.C. wearing a “Tax the 1%” sign. Local police say he had a roller briefcase, a backpack and the sign they also declined to identify the man until his family was notified. Witnesses say the man strode up to the fountain located in front of the building, he then briefly held up his sign and took his own life with a firearm, he died immediately. (more…)
SOURCE: The Verge
Banks in Russia, Japan, the US, and Europe have fallen victim to a massive, sophisticated malware hack, allowing the perpetrators to steal hundreds of millions of dollars since 2013. According to a Kaspersky Labs report provided to the New York Times, more than 100 banks in 30 nations have been affected by the breach, with upwards of $300 million stolen in the process. (more…)
By Ellen Brown
Web of Debt
Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.”
A return to the polls was triggered in December, when the Parliament rejected Prime Minister Antonis Samaras’ pro-austerity candidate for president. In a general election, now set for January 25th, the EU-skeptic, anti-austerity, leftist Syriza party is likely to prevail. Syriza captured a 3% lead in the polls following mass public discontent over the harsh austerity measures Athens was forced to accept in return for a €240 billion bailout. (more…)
Why would every major bank need survival kits for all their employees? Why is the US government prepared to spend up to $200,000 on survival kits for bank employees at Bank of America, American Express Bank, BMO Financial Corp., Capitol One Financial Corporation, Citigroup, Inc., JPMorgan Chase, and Wells Fargo, just to name a few? What do they know that we do not know? (more…)