Search Results for: ubs

Knight Capital says trading glitch cost it $440 Million

Knight Capital

$10 million a minute. That’s about how much the trading problem that set off turmoil on the stock market on Wednesday morning is already costing the trading firm. The Knight Capital Group announced on Thursday that it lost $440 million when it sold all the stocks it accidentally bought Wednesday morning because …

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Deutsche Bank admits to silver market rigging

Deutsche Bank silver fixing statues

Back in July of 2014, we reported that in an attempt to obtain if not compensation, then at least confirmation of bank manipulation in the precious metals industry, a group of silver bullion banks including Deutsche Bank, Bank of Nova Scotia and HSBC (later UBS was also added to the defendants) …

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Report: $21 trillion hidden from taxman in offshore accounts

A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network. James Henry, former chief economist at …

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Swiss to investigate manipulation of currency markets

Currency market

Swiss regulators are investigating a number of financial firms over the potential manipulation of currency markets, where £3tn changes hands every day. The regulator said that multiple banks around the world could be drawn into the investigation, which will raise fresh questions about the integrity of the markets. The Swiss Financial Market Supervisory …

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The biggest price-fixing scandal ever

Libor

Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this …

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A ‘tsunami’ is about to hit the debt market

Tsunami city debt market bonds

A tidal wave may be coming to the bond market, and it’s not going to be pretty. At least that’s the view of Matthew Mish, credit strategist at UBS. To Mish, the elevated rates of default in the commodity sector and high risk bonds are a harbinger of things to come for …

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Deutsche Bank is headed for collapse in Germany

Deutsche Bank

Is something about to happen in Germany that will shake the entire world? According to disturbing new intel that I have received, a major financial event in Germany could be imminent. Now when I say imminent, I do not mean to suggest that it will happen tomorrow. But I do …

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Swiss study shows 147 corporations rule the world

147 companies rule the world

The Swiss Federal Institute (SFI) in Zurich released a study entitled “The Network of Global Corporate Control” that proves a small consortiums of corporations – mainly banks – run the world. A mere 147 corporations which form a “super entity” have control 40% of the world’s wealth; which is the real economy. …

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The smart money is dumping stocks

Stock market money

We are getting clear signals from the “smart money” that something bad is looming on the horizon. The most obvious signal comes from the ultra-wealthy (those worth $20 million or more) who are rapidly moving out of paper assets and into real assets. For this reason, I want to draw …

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Ditching the dollar: Russia, China to create new gold market

Gold bars China Russia

While key Western banks are artificially restraining gold prices to breathe life into the diluted and devalued dollar system, Russia, China and other emerging economies are involved in “the genial move” to establish an entirely different gold market, F. William Engdahl underscores. Key central banks, particularly the Federal Reserve and …

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How corporations bought Hillary Clinton for $21 million

Hillary Clinton speeches corporations

“Follow the money.” That telling phrase, which has come to summarize the Watergate scandal, has been a part of the lexicon since 1976. It’s shorthand for political corruption: At what point do “contributions” become bribes, “constituent services” turn into quid pro quos and “charities” become slush funds? Ronald Reagan was …

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The Great Revealing: US Marshals expose biggest scandal in history

The Department of Justice — home of the US Marshals — has now blown the lid off of the biggest financial scandal in human history… after a highly covert three-year investigation. The LIBOR scandal has started the Great Revealing of Financial Tyranny. Mass arrests must begin with mass charges, and …

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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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The Federal Reserve Cartel

Part 1 – The Eight Families The Four Horsemen of Banking, Bank of America JP Morgan Chase Citigroup Wells Fargo, …own the Four Horsemen of Oil, Exxon Mobil Royal Dutch/Shell BP Chevron Texaco, ..in tandem with, Deutsche Bank BNP (Banque Nationale de Paris) Barclays other European old money behemoths But their …

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2012 Obama vs Romney: the illusion of choice

obamney repulicrats

Come November, the American people will be faced with two distinct options; reelect President Barack Obama or vote for Mitt Romney. The liberal Democrat and the Republican conservative seem to stand in stark contrast. They come from different backgrounds and have different views on most social issues like same-sex marriage, …

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JP Morgan’s secret London gold vault located

JP Morgan 60 Victoria Embankment London

In a world defined by “financial innovation”, where $1 of hard collateral can spawn over $1000 in repoed and rehypothecated liabilities (and assets), where “shadow banking” is far more important than traditional bank liabilities (and to this date remains completely misunderstood), and where every month the central and commercial banks force create …

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