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
Accountancy used to be boring – and safe. But today it’s neither. The ‘big four’ firms have become too cosy with the system they’re supposed to be keeping in check… Read More The Financial Scandal No One Is Talking About
The warning signs are beginning to flash again… Read More Derivatives Are A Noose Around US Insurance Industry
This could change everything… Read More The Pentagon Can’t Account for $21 Trillion (That’s Not a Typo)
A project of “mind-watering” magnitude in money and corruption… Read More Business Elite, Banks Panic after Presidential Front-Runner Threatens to Scupper Mexico’s Largest Infrastructure Project
Government gets ready to cave.… Read More Construction Giants in Spain Panic over Prospect of Losing one of their Biggest Rackets
UK regulators may be on the verge of doing something right, but doubts remain over how genuine their stated intentions are.… Read More After a String of Corporate Scandals & Collapses, “Big Four” Accounting Giants Face Breakup in the UK
Two large British outsourcers are also on the verge of collapse, and the vultures are circling… Read More Was Carillion’s Collapse the Beginning of the End for UK’s Outsourcing Sector?
