Search Results for: libor

‘Big five’ bank customers vent anger by taking their money elsewhere

Customer cuts up Barclays bank card

Angry bank customers have been voting with their wallets and bombarding co-ops, building societies and credit unions with applications for current accounts over the past week, after the NatWest computer meltdown and the Barclays rate-rigging scandal. Data compiled by the campaign group Move Your Money UK shows an explosion in requests to switch from …

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“It’s time to audit the Fed” – Dennis Kucinich

Dennis Kucinich

Congressman Dennis Kucinich (D-OH) today released the following video and statement in support of H.R. 459 which would finally allow the Government Accountability Office to audit the Federal Reserve Bank (the Fed). Congressman Kucinich has long supported auditing the Fed and successfully won a partial audit in the Dodd-Frank Wall …

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RBS traders boast of making major $$$ by rigging interest rates

RBS libor

Senior traders at Royal Bank of Scotland boasted about operating a “cartel” that made “amazing” amounts of money by rigging interest rates, it has been disclosed. Internal messages revealed in court documents apparently show how traders claimed they could manipulate Libor, which is used to set borrowing costs for millions …

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Banking scandal: how document trail reveals global scam

banking scandal how document tray reveals global scam

It’s not a comfortable weekend for the men heading some of the world’s biggest banks. Barclays has already been hit by a £290m fine for rigging interest rates but that could be dwarfed by a series of global lawsuits which could cost banks billions. The interest rate rigging scandal that …

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15 reasons Gold & Silver are now heading higher

Gold, silver, platinum and palladium have all recently moved up in price, with platinum, silver and gold leading the complex. Below are 15 reasons why. Gold is teasing the $1700 psychological resistance marker, whilst silver has broken out above $30, and will now begin targeting the many resistance points in …

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JP Morgan criminal CEO Jamie Dimon: “It’s a free f**king country”

Jamie Dimon testimony

“I’m an outspoken defender of the truth,” JPMorgan CEO Jamie Dimon feverishly maintains in an interview published today. In the interview, he continuously contends that the press and the country have it all wrong about JP Morgan. He seemingly separates JP Morgan out from the current-leading  American banking foe of Europe, Goldman …

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David Cameron faces humiliation at the hands of UKIP

UKIP Nigel Farage

UKIP are set to win their first Commons seat with a landslide 64 per cent of the vote following the biggest swing in modern political history. Turncoat MP Douglas Carswell is set to humiliate David Cameron at the Clacton by-election sparked by his defection, a  Survation poll for The Mail …

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Citibank to pay $425m to settle manipulation charges, no one jailed

Citibank manipulation charges settled

The Commodity Futures Trading Commission on Wednesday ordered Citibank to pay $425 million to settle charges including attempted manipulation and false reporting of several key currency-valuation benchmarks. The regulators said $250 million in the settlement relate to the U.S. Dollar International Swaps and Derivatives Association Fix between January 2007 and January 2012. The USD …

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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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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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Deutsche Bank to axe 35,000 jobs

Deutsche Bank

Germany’s biggest lender, Deutsche Bank, has announced that it will cut 35,000 jobs through redundancies and the sale of businesses. The Deutsche Bank says it plans to slash 9,000 full-time jobs and 6,000 contractor positions. It will also sell operations with 20,000 more workers and close local operations in 10 …

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The gold price manipulation article the Financial Times removed

Financial Times gold

Two days ago the FT released a clear, informative and fact-based article, titled simply enough “Gold price rigging fears put investors on alert” in which author Madison Marriage, citing a report by the Fideres consultancy, revealed that global gold prices may have been manipulated on 50 per cent of occasions between …

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JP Morgan whistleblowers confess bank manipulates gold & silver

Gold Silver

In a stunning development, two JP Morgan whistleblowers have confessed that the bank manipulates the gold and silver markets. This is truly a shocking admission by the courageous JP Morgan whistleblowers. In a blockbuster King World News interview, London metals trader Andrew Maguire told KWN that the two JP Morgan …

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UBS set to blow cover on massive gold-rigging scandal

UBS gold

With countless settlements documenting the rigging of every single asset class, it was only a matter of time before the regulators – some 10 years behind the curve as usual – finally cracked down on gold manipulation as well, even though as we have shown in the past, central banks in …

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