It’s hard to do business without banks… Read More Global Banks Sabotage Uruguay’s Efforts to Legalize Marijuana
With the blessing of its regulators, including the Federal Reserve, Citigroup was allowed to replicate the precise banking model which had brought on the 1929 crash and Great Depression: it was allowed to hold savings deposits while making wild speculations on Wall Street and selling bogus stocks to the hapless public… Read More Why Hasn’t Citigroup’s Banking Charter Been Yanked?
The week that Donald Trump shocked markets around the globe by getting himself elected President of the United States, Wall Street banks like Citigroup, JPMorgan Chase, Bank of America and others traded millions of shares of each other’s stocks – as well as trading millions of shares of their own publicly traded stock.… Read More Wall Street Banks Are Trading in Their Own Company’s Stock: How Is This Legal?
Simple logic would suggest that when a bank is a serial recidivist lawbreaker, the fines should be going up, not dramatically shrinking; its top management should be ousted and a new Board appointed. None of that is happening.… Read More Citigroup’s Crime Spree Against Americans Continues With Slaps on the Wrist