Tag Archives: finance

JP Morgan executive is 5th banker to die within 2 weeks

JP Morgan

Two weeks after the suicide of a JP Morgan banker who jumped to his death from the top of a building, another of the firm’s employees has died, with 37-year-old Ryan Henry Crane becoming the 5th banker fatality in just the last few weeks alone. Crane was an Executive Director …

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Third banker commits suicide this week

Mike Dueker

Mike Dueker chief economist at Russell Investments A third banker has committed suicide within the space of a week, once again prompting speculation that some kind of financial collapse could be just around the corner. “Mike Dueker, the chief economist at Russell Investments, was found dead at the side of …

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JPMorgan CEO Jamie Dimon gets 74% payrise; to $20 million

Jamie Dimon

It was only a year ago that JPMorgan CEO Jamie Dimon was getting his pay docked by millions of dollars. Now, though, the company is giving their chief executive a raise. Despite the fact that JPMorgan was hit with $20 billion worth of fines during 2013, Dimon will receive $1.5 …

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HSBC is broke; restricts large cash withdrawals

HSBC sign

Following research last week suggesting that HSBC has a major capital shortfall, the fact that several farmer’s co-ops were unable to pay back depositors in China, and, of course, the liquidity crisis in China itself, news from the BBC that HSBC is imposing restrictions on large cash withdrawals raising a …

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Germany to repatriate gold from US and France

Gold bars 9999

Germany’s Bundesbank plans to store half the national gold reserves in its own vaults by 2020. It will mean the return of 700 tons of the precious metal from the US and France This year the Bundesbank got back about 37 tons of gold from the US and France. The …

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Federal Reserve: 100 years of US dollar manipulation

US federal reserve building

Monday 23 December marks the 100th Anniversary of the creation of the Federal Reserve System – the Central Bank of the United States of America. The mainstream media are keeping remarkably quiet about this key milestone. No doubt, they know only too well that growing millions of workers inside and …

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Federal Reserve: $75 billion a month in bond purchases

Ben Bernanke

The Federal Reserve will decrease the amount of bonds purchased by the United States central bank, Chairman Ben Bernanke said Wednesday, by roughly $10 billion per month. Bernanke was about to make his last scheduled news conference as head of the Fed on Wednesday afternoon when the bank’s newest plan …

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IMF wants you to pay 71% income tax

IMF

The IMF just dropped another bombshell. After it recently suggested a “one-off capital levy” – a one-time tax on private wealth as an exceptional measure to restore debt sustainability across insolvent countries – it has now called for “revenue-maximizing top income tax rates”. The IMF’s team of monkeys has been …

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