Barclays has reportedly announced plans to cut more than 30,000 jobs within two years, in a move that comes just two weeks after the bank’s chief executive Antony Jenkins was fired. More than 30,000 employees of Barclays, the seventh-largest bank in the world in terms of managed assets, will be laid off within the next two years, in a development that comes amid the bank’s efforts to speed... 

A new scandal involving leading financial institutions in Europe and the US has been added to the list of previous cases. Barclays, RBS, JPMorgan, Bank of America, UBS and Citigroup are accused of manipulating foreign exchange market which the FBI says involved criminality “on a massive scale”. Four banks have agreed to plead guilty to conspiring to fix prices and rig bids in the $5.3-trillion... 

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... 

Like Obama, Mitt Romney is a wind-up doll for Wall Street and the bankers. There is virtually no difference between them despite all the fetid air from the GOP propaganda machine. This is revealed by a quick look at Romney’s top contributors. An Open Secrets page on top Romney contributors reads like a Who’s Who of Wall Street and the financial cartel. The top contributor is Goldman Sachs, followed...