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Global Banks

Remember the Old Days When Bad Guys Robbed Banks?

Ira Kalb | Posted 05.20.2016 | Business
Ira Kalb

It used to be that bad guys, called bank robbers, robbed banks. Now the banks are robbing us. Authorities just fined five of the world's largest global banks $5.7 billion for rigging benchmark interest rates. This brings the tally of fines assessed seven top banks in Europe and the US to roughly $10 billion.

Global Regulators Ease Rules To Boost Trade With Low-Income Countries

Posted 12.25.2011 | Business

LONDON/PARIS, Oct 25 (Reuters) - Global banking regulators eased their capital reserves rules on Tuesday to boost trade with low-income countries, spa...

Global Investment Banks Cutting Back Middle Eastern Operations

Posted 11.18.2011 | Business

(RACHNA UPPAL and DINESH NAIR, Reuters) - Leading global investment banks, including Credit Suisse AG (CSGN.VX), are cutting research staff in the Mid...

Simon Johnson: Why Banks Are Becoming 'Too Global To Fail'

The New Republic | Peter Boone and Simon Johnson | Posted 05.25.2011 | Business

This June, Dimon returned from a two-week visit to China, India, and Russia, and announced an even more aggressive expansion. Senior executives were o...

The Broken Global Banking System

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

How many Americans understand how broken and defective the banking system as a whole has become? For the crazy facts are these: bankers now borrow from their customers and from taxpayers.