After years of dodgy accounting and mismanagement.… Read More Resurrected Abengoa & Construction Giant OHL Flirt with Collapse
Even if it is unproven that top Goldman executives knew what was going on, what does it say about the culture of the bank that individuals like Tim Leissner were employed there? Who is accountable for that culture?… Read More Goldman Sachs Is Implicated in History’s Largest Financial Con – But Will It Be Held Accountable?
The outsourcing giant with 70,000 employees is “circling the drain.”… Read More Is the UK’s “Next Carillion” About to Fall?
Now everything is up in the air, so to speak.… Read More Whiff of Panic After Mexico Votes to Scrap Mega-Airport & Corruption Project
Argentina has now become dependent on IMF funding – and the IMF has committed to lend by far the largest amount of money in its history… Read More The IMF Has Learned Nothing from the Greek Crisis
As long as the markets go up, the investing class has no interest in truth or consequences… Read More What Keeps Them Up At Night
“Cash retentions” by large companies come under attack in the UK… Read More Collapse of Outsourcing Giant Carillion May Have Silver Lining
Problems at Deutsche could spill over onto big Wall Street banks like Morgan Stanley, JPMorgan Chase, Citigroup, Bank of America and Goldman Sachs, which just happen to be where derivatives are deeply concentrated in the U.S.… Read More Deutsche Bank and Citigroup Bleed More Equity: The Reason Why Should Concern Us All
It’s a decade and a bit since the global financial crisis (GFC) began. For the people inside the system that caused this long decade of misery, there’s been little or no change. For everyone else, it’s been a decade of misery.… Read More After the Fall
McKinsey heretofore has managed to avoid being tainted by scandal even when it had its fingerprints all over a corporate crime scene… Read More New York Times: Virtuous McKinsey Defiled by Dark Continent
After scandals, collapses, and the government’s off-balance-sheet debt.… Read More Multi-Decade Outsourcing Boom Comes to Sticky End in the UK
The “oligarchy” controls the standard-setters, ensuring rules of the game suit it. The long reach of the bean counters also extends deep into the heart of government.… Read More Big Four Audit “Oligarchy” Comes under Scrutiny in the UK after Corporate Surprise Collapses