Cyprus may lose financial support from the EU due to “suspicious ties” with Russian oligarchs. According to information published in Spiegel magazine, the German Federal Intelligence Service suspects that the loan, which the EU and the IMF may give the country, will only sweeten the life of Russian businessmen who keep their money in Cyprus. It was written in Monday’s issue of Spiegel... 

Swiss banking giant UBS has announced plans to slash some 10,000 jobs worldwide. The largest bank in Switzerland, UBS AG, has announced plans to cut about 10,000 jobs worldwide, as the economic crisis in the European country continues to worsen. “This decision has been a difficult one, particularly in a business such as ours that is all about its people. Some reductions will result from natural... 

Standard & Poor’s (S&P) Ratings Services has downgraded the credit ratings for three French banks, including BNP Paribas, citing growing risks facing the banks from potential prolongation of the eurozone recession. “In our view, the economic risks, under which French banks operate, are increasing, leaving French banks moderately more exposed to the potential of a more protracted... 

An analyst says people across the European Union countries must fight against the global banking cartel, which is controlling economies all over the world, Press TV reports. “The competitiveness is they control the system and the people in these nations they fight over the scraps. It’s ridiculous,” said Chris Dorsey, an economist and banking analyst, in a Monday interview with Press TV. “I... 

In June of 2012, Eric Bloom, former chief executive, and Charles Mosely, head trader of Sentinel Management Group (SMG) were indicted for stealing $500 million in customer secured funds. Both Mosely and Bloom were accused of “exposing” customer segregated funds “to a portfolio of highly risky derivatives.” These customer funds were used to “back up personal investments” which were part... 

Several major financial institutions under inquiry in the Libor case are going to push for introducing account fees for their customers. They blame ‘free’ accounts as one of the reasons behind interest rate rigging. The major banks including Britain’s Barclays and Spain’s Santander are expected to argue in favor of introducing account fees at a meeting of the UK Parliamentary Commission... 

Wealthy tax evaders, aided by private banks have exploited loopholes in tax legislation and stashed over $21 tn in offshore funds, says a report. The capital drained from some developing countries since 1970 would be enough to pay off national debts. ­The findings show the gap between the haves and the have-nots is much larger than previously thought. The document, entitled The Price of Offshore... 

An astounding report prepared by the Ministry of Finance for President Putin today estimates that up to $35 Trillion in assets owned by what are estimated to be the 10 million individuals classified as “global elites” has been lost to global tax havens over fears that President Barack Obama is about to “shatter” the United States “permanent war economy” that has been in place since 1944. The... 

Most EU members are in favor of issuing eurobonds, but Germany opposes mutual debt obligations. Don Coxe, an investor and chairman of Coxe Advisors LLP, says Berlin cannot afford to hand out more bailouts when confidence in EU banks is crumbling. ­The talks are taking place in Brussels, where EU leaders are meeting for two days to agree on new growth measures for the union. RT: In a recent blog article... 

A chilling Ministry of Finance report circulating in the Kremlin today states that the Obama Regime has begun instituting what can only be described as one of the most brutal assaults of human rights and freedoms after it effectively banned all protests against the US government under penalty of the offender being sentenced to 10 years in the American Gulag. The Ministry of Finance of the Russian... 

Facing charges related to his alleged failure to safeguard Iceland’s economy during the 2008 financial crisis, former Prime Minister Geir Haarde firmly denied any wrongdoing as he became the first world leader to go on criminal trial for such charges. From the dock, Haarde emphatically rejected all accusations, asserting, “I reject all accusations, and believe there is no basis for them.”... 

The charismatic Marine Le Pen has campaigned hard against free trade and the European Union, and has pushed the party’s traditional tough line on crime and immigration. Marine Le Pen said she would balance France’s books if elected president by leaving the euro, slashing immigration, taxing imports and tapping the central bank for cheap loans instead of the debt markets. The National Front leader,... 

European banks agreed early on Thursday to write off 50 per cent of Greek debt. The deal was reached during an emergency summit in Brussels overnight. The EU and the IMF will also give the country another one hundred billion euros in rescue loans. An agreement on expanding the bailout fund to one trillion euros followed immense pressure on EU leaders after multiple delays in anti-crisis action. Athens... 

Some people have started realizing that there are large financial groups that dominate the world. Forget the political intrigues, conflicts, revolutions and wars. It is not pure chance. Everything has been planned for a long time. Some call it “conspiracy theories” or New World Order. Anyway, the key to understanding the current political and economic events is a restricted core of families... 

Is greed good? Research from the U.S. suggests inequality in a culture makes that society stronger Are greedy bankers good for society? Egalitarian civilisations ‘are weaker’ than those with inequality. Shortages of food affected the poor more, but the upper classes were able to maintain hierarchies. In equal societies everyone suffered the same, making those cultures less able to adapt...