November 13, the United Kingdom’s Serious Fraud Office (SFO) announced it was charging 10 individual bankers, working for two separate banks, Deutsche Bank and Barclays, with fraud over their rigging of the Euribor rates. The latest announcement shines the spotlight once again on the scandals and criminal behavior that have come to define the world of global banking.
Ever heard of the International Monetary Conference? No, I’m not referring to the annual meeting of the IMF and World Bank but rather to another, more secretive annual gathering – this one hosted by the American Bankers Association and bringing together chief executives from over 100 of the world’s largest banks.
By Ken Broder | AllGov | August 4, 2013
Roughly half the homeowners in the Bay Area city of Richmond are underwater on their mortgages, but city officials have come up with a plan to float them to safety, much to the consternation of banks and other moneyed interests.
