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Bank Scandal

UBS Doesn't Exactly Have A Great Track Record When It Comes To Scandals

The New York Times | JAMES B. STEWART | Posted 07.21.2012 | Business

As the Justice Department weighs the possibility of criminal charges in the unfolding Libor rate-setting scandal, it may want to consider the record ...

Joe Nocera: Another Week, Another Banking Scandal

The New York Times | JOE NOCERA | Posted 07.21.2012 | Business

Is it my imagination, or does every week bring news of another financial scandal? No, it’s not my imagination. First up: Peregrine Financial Grou...

Another Bank Could Face Major Fine Over Libor Manipulation

The Telegraph | Harry Wilson | Posted 07.12.2012 | Business

Lloyds Banking Group could have to pay out more than £1bn over claims it was involved in the manipulation of Libor, according to City analysts. In...

Are Americans Suffering From Bank Scandal Fatigue?

www.nytimes.com | Posted 07.07.2012 | Business

Here in the early stages of the Libor scandal — and, yes, this thing is far from over — there are two big surprises. The first is that the bank...

Automated Greed Factories: How Soulless Banking Is Crushing the Economy

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

Financing has become a robotic form of mass production, designed to generate ever-increasing wealth within an artificial system by draining it from the real world. In a word, banks have lost their souls.