Germany, a country where the needs of industry trump the needs of banks, is a notoriously difficult banking market… Read More Shotgun Marriage: Deutsche Bank and Commerzbank Discuss Merger
I can only think of one person in Washington DC who disregards diplomacy enough to task the CIA with a military style raid on a foreign embassy in a third country… Read More Who Ordered The CIA To Assault North Korea’s Embassy In Spain?
It’s not often that we get to see the details of how companies commit $7.4 billion worth of fraud. … Read More How to Commit $7.4 Billion in Accounting Fraud
Shareholders wiped out, 14 Months after competitor Carillion Collapsed.… Read More Outsourcing Giant Interserve with 65,000 Employees Collapses
“Serious risks of sleepwalking into a cashless society before we’re ready – not just to individuals, but to society”… Read More Transition to Cashless Society Could Lead to Financial Exclusion and System Vulnerability, Study Warns
Never have the Tories been so divided, never has Labour been so inept, and never has parliament as an institution so completely lost its way.… Read More Brexit: Facing Up To Consequences
Europe’s leading economic policy makers have officially thrown in the towel… Read More Europe Is So Weak It Can’t Even Handle 0% Interest Rates
And other juicy banking nuggets… Read More US Banks Report $251 billion of “Unrealized Losses” on Securities Investments in 2018, the Most Since 2008: FDIC
The acquisition created the world’s biggest toll-road operator. But it was costly. And one of the acquirers, Atlantia of Italy, is now in trouble because its bridge collapsed, killing 43 people… Read More Toll-Road Giant Abertis Just Doubled its Debt to €22 Bn to Pay a Special Dividend to the Companies that Acquired it Last Year
There are huge financial incentives at the New York Federal Reserve to go along, get along, and keep your mouth shut about fraud. Or more succinctly put, FUMU – “f**k up, move up.” … Read More A Book on Wall Street’s Dark Underbelly Could Alter Election Outcome in 2020
Why rates can’t — and won’t — rise. … Read More How Central Bankers Blew Up the Global Economy
US rating agencies pressure Pemex and the new Mexican government. But Pemex is too big to fail… Read More Time’s Running Out for World’s Most Indebted Oil Company
