Search Results for: derivatives

J.P. Morgan to pay $1.42 billion to settle some Lehman claims

Lehman Brothers

JPMorgan Chase & Co will pay $1.42 billion in cash to resolve most of a lawsuit accusing it of draining Lehman Brothers Holdings Inc of critical liquidity in the final days before that investment bank’s September 2008 collapse. The settlement was made public on Monday, and requires approval by U.S. Bankruptcy …

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JPMorgan’s epic fail on Twitter #AskJPM

jp morgan

JPMorgan canceled a question-and-answer session on Twitter Wednesday after receiving a barrage of critical questions skewering the multinational banking company for legal problems, foreclosure practices, and other ethical transgressions. Starting at least since last week, JPMorgan, the investment and services portion of financial behemoth JPMorgan Chase & Co, asked followers …

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On this day in 2016

For a presidential election taking place when the US debt/GDP has for the first time in 70 years crossed above 100%, in which over 50 million Americans collect food stamps and disability, in which M2 just crossed $10 trillion, in which total US debt is about to pass $16 trillion, …

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US and UK conducting war games for banking collapse

Money currency

Regulators from the United States and the United Kingdom will get together in a war room next week to see if they can cope with any possible fall-out when the next big bank topples over, the two countries said on Friday. Treasury Secretary Jack Lew and the UK’s Chancellor of …

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The Clintons and their banker friends

Hillary Clinton Wall St

The past, especially the political past, doesn’t just provide clues to the present. In the realm of the presidency and Wall Street, it provides an ongoing pathway for political-financial relationships and policies that remain a threat to the American economy going forward. When Hillary Clinton video-announced her bid for the Oval Office, …

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How your bank account could disappear

empty bank account

On the same morning we hear that ¼ of Wall Street executives think that fraud is a necessary part of “doing business” in the financial sector, we hear of a second “MF Global”. The U.S.’s so-called regulators are now reporting that somewhere around $220 million in customer funds is “missing” at a financial institution known as …

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The War on Silver

pamp silver

It has taken more than 25 years for me to fully comprehend a conclusion that I never wanted to reach, namely, that there is an organized war against the price of silver that has come to include the US Government. I think the US Government involvement came into being almost …

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Silver supply is struggling to keep up with demand

Silver 999

From Filip Karinja, for Birch Gold Group In the past few weeks and months, the price of silver has been hit relatively hard on the COMEX paper derivatives market. But oddly — or maybe not at all — the complete opposite is happening in the market for the metal in its …

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Syriza’s 40 point plan for Greece

Greece Syriza

Greece‘s newly elected political part Syriza has some bold plans for the nation. Should Syriza action some of these game changing plans listed below, we would likely see other nations in the region rise up and follow suit. It will be interesting to see how the powers that (shouldn’t) be try …

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How to avoid deceptively ‘healthy’ junk foods while shopping

junk-food

An increasing number of “junk” food items are now being repacked and rebranded as health food items, with claims that they contain things like added vitamins and minerals, or no trans-fats. But oftentimes such items are still just junk foods with deceptive labels, and consumers need to be aware of …

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China, gold prices & US default threats

gold USA

24 karat gold bars are seen at the United States West Point Mint facility in West Point, New York June 5, 2013. In the very days when a deep split in the US Congress threatened a US government debt default, the gold price should normally jump through the roof, yet …

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Another Deutsche banker and SEC enforcement attorney ‘commits suicide’

Deutsche bank suicide

Back on January 26, a 58-year-old former senior executive at German investment bank behemoth Deutsche Bank, William Broeksmit, was found dead after hanging himself at his London home, and with that, set off an unprecedented series of banker suicides throughout the year which included former Fed officials and numerous JPMorgan traders. …

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Goldman Sachs may face trial for role in Greek debt crisis

Goldman Sachs bank

Goldman Sachs faces the prospect of potential legal action from Greece over the complex financial deals in 2001 that many blame for its subsequent debt crisis. A leading adviser to debt-riven countries has offered to help Athens recover some of the vast profits made by the investment bank. The Independent has …

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BRICS establish $100bn bank and currency reserves

BRICS nations

The group of emerging economies signed the long-anticipated document to create the $100 bn BRICS Development Bank and a reserve currency pool worth over another $100 bn. Both will counter the influence of Western-based lending institutions and the dollar. The new bank will provide money for infrastructure and development projects …

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JP Morgan CEO best to lead Treasury in crisis, Buffett the puppet says

Warren Buffett

JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon would be the best person to lead the U.S. Treasury Department in a financial crisis, billionaire investor Warren Buffett said. “If we did run into problems in markets, I think he would actually be the best person you could have in the job,” Buffett said …

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The “world’s largest prop trading desk” just went bust

JP Morgan Chase

A month ago we warned that JPM’s CIO office is nothing short of the world’s largest prop trading desk. Not only were we right, but what just transpired is just shy of our worst possible prediction. At the end of the day, the real question is why did JPM put in so much …

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A quick fact sheet on some Bilderberg attendees

Bilderberg

On June 5, the London Evening Standard headlined “No minutes, no press conferences – just the world’s power brokers chewing the fat on the issues of the day. It’s the Bilderberg conference – and it’s coming to a suburb near you.” On June 6, it convened. It continues through June 9. It’s …

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JPMorgan: fined $13b, stole $ trillions and 2 million people lost homes

jp morgan

In a telephone call on Friday between the US attorney general and the bank’s CEO, the two sides tentatively agreed to a $13 billion settlement for JPMorgan’s alleged sales of fraudulent mortgage-backed securities. The tentative agreement concludes a civil investigation by the California attorney general over the bank’s sale of …

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