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banks
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The 2008 Financial Crisis Was Caused By Bankers On Cocaine Binges – Professor
15 Apr 2013 by silverstreak / No Comments
The British Government’s former top advisor on narcotics, Professor David Nutt has claimed that the global financial crisis of 2008 was caused by widespread overuse and abuse of cocaine in the finances industry.
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J.P. Morgan Chase Will Cut 17 000 Jobs Over The Next Two Years
27 Feb 2013 by Gabi October / No Comments
Banking giant and international doer of evil, J.P. Morgan Chase confirmed yesterday during an event for investors at its Midtown Manhattan headquarters that it plans to cut 17 000 jobs over the next two years while committing to a program of global expansion. With a current workforce of approximately 260 000, the bank plans to [...]
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Friday Morning Spice
18 Jan 2013 by Seth Rotherham / No Comments
All Dreamliners grounded across the world. Facebook launches free phone calls. Nedbank is the most expensive bank in SA. Lance loses Olympic medal. How did Dr. Dre make everyone want his headphones?
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Moody’s Has Downgraded SA’s Five Biggest Banks
04 Oct 2012 by Albi P / No Comments
Moody’s announced today that, following the revision of the country’s foreign currency desposit ceiling, it had downgraded South Africa’s five biggest banks. This comes only days after the ratings agency downgraded SA’s government bond rating.
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Could The LIBOR Scandal Be “The Biggest Consumer Fraud In History”?
12 Jul 2012 by Albi P / No Comments
Over the past few weeks we’ve brought you several reports regarding the increasingly worrisome LIBOR scandal. The investigation into interest rate-rigging debacle is quickly snowballing and analysts have now begun wondering if “16 of the world’s largest banks have perpetrated the biggest fraud in history.”
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Head Of International Monetary Fund Doesn’t Pay Tax On Her Salary
30 May 2012 by Steyn du Toit / No Comments
Remember that Dylan lyric: “Steal a little and they throw you in jail/Steal a lot and they make you king”? That’s kind of how I feel when I read that Christine Lagarde, the head of the International Monetary Fund, earns a R4,6m salary annually – without paying tax on it. This is the very same person who very recently attacked the Greeks for failing to pay their taxes.
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Bank Cancels The Debts Of Its Poorest Customers
31 Jan 2012 by Steyn du Toit / No Comments
The dislike for banks and other financial institutions is currently on a worldwide high. But for once, one bank has decided to do something nice for their customers. French bank Crédit Municipal de Paris has scrapped the debt of its poorest customers.
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