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... 

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... 

The Swiss government said it is ready to confiscate UBS client information to prevent the bank from violating secrecy laws by handing documents over to the U.S. government. The IRS is battling in a Miami court to force UBS to provide information on the accounts of 52,000 U.S.-based taxpayers. However, UBS contends that doing so would violate Swiss banking secrecy laws. Instead, the bank has chosen...