Search Results for: citi

Six banks fined $5.8 billion for market rigging

Citi JPMorgan Barclays RBS UBS

Editor’s note: these banks made billions more from their crimes, let alone received billions of $ in bailouts which the tax payers funded. So will we receive this money? Will any of these bankers ever go to jail for their crimes? If you or I committed the crimes that these bankers are guilty of we would …

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Citibank to pay $425m to settle manipulation charges, no one jailed

Citibank manipulation charges settled

The Commodity Futures Trading Commission on Wednesday ordered Citibank to pay $425 million to settle charges including attempted manipulation and false reporting of several key currency-valuation benchmarks. The regulators said $250 million in the settlement relate to the U.S. Dollar International Swaps and Derivatives Association Fix between January 2007 and January 2012. The USD …

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Citibank ordered to pay $700m over illegal credit card practices

Citibank

Citigroup Inc’s consumer bank has been ordered to pay $700 million (£450 million) in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said. The CFPB, set up under the 2010 Dodd-Frank Act aimed at reforming Wall Street, has been cracking down in recent years on …

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Maduro planning to swap Venezuela’s gold for dollars

Nicolas Maduro Venezuela gold dollars

It was almost exactly two years ago when a cash-strapped Venezuela quietly conducted its first, little-noticed gold-for-cash swap with Citigroup, as part of which Nicolas Maduro converted part of his nation’s gold reserves into at least $1 billion in cash courtesy of the US bank. As Reuters reported then, the …

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Links between Citigroup and government exposed

Wall Street

Citigroup is a very large bank that has amassed a huge amount of political power. Its current and former executives consistently push laws and regulations in the direction of allowing Citi and other megabanks to take on more risk, particularly in the form of complex highly leveraged bets. Taking these …

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Fadebook

Facebook IPO

Forget that S&P 500 e-mini futures plunged to four-month lows at 1290; or Treasury yields crashed back to their record lows; or Gold and Silver’s surge today; or WTI’s plummet to almost a $90 handle; or Citi joining Morgan Stanley in the red year-to-date; or credit markets continuing into the …

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HSBC warns: major stock market crash is imminent

hsbc-stock-market-crash

The technical analysis team at HSBC is warning recent stock market moves look eerily similar to just before 1987’s ‘Black Monday’, which saw the largest one-day market crash in history. On October 19, 1987, the Dow Jones Industrial Average which comprises the 30 large US publicly traded companies, lost 22.6 …

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Citigroup managing director found dead, another banker ‘suicide’

Citibank suicide banker death

Citigroup managing director Shawn D. Miller was found dead in the bathtub of his New York City apartment, following what police suspect was a suicide in a year marked by suspicious banker deaths. Miller, 42, was the global head of environmental and social risk management at New York-based Citigroup, America’s …

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Morgan Stanley’s profit plunges 42%

Morgan Stanley

Wall Street bank Morgan Stanley’s profit slumped for the second straight quarter as investors fled the bond, currency and commodity markets amid uncertainty about the timing of a U.S. interest rate hike and concerns about China’s cooling economy. Morgan Stanley, the last of the big U.S. banks to release third-quarter …

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Special friday gold & silver ‘Chart Mania’

With the wild action in gold and silver this week, top Citi analyst Tom Fitzpatrick put together a ‘Gold & Silver Chartapalooza’ where he laid out the roadmap for gold and silver to hit new all-time highs.  Below is his interview and the KWN Special Friday Gold & Silver ‘Chart …

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Deutsche Bank is finished, Lehman Brothers 2.0

Deutsche Bank

Deutsche Bank bosses face a formidable task to drag its shares off a 30-year low, with reassurances about its capital levels doing little to improve investor confidence and few other options on the table to trigger a recovery. Germany’s flagship lender has trailed its rivals in bouncing back from the …

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Venezuela prepares to sell the last of its gold

Venezuela Maduro gold

Last Thursday when we recounted the story of how Venezuela is now literally flying in paper money (using three dozen cargo Boeing 747s), we wrote that “Venezuela’s hyperinflation, already tentatively estimated at 720%, will likely add on a few (hundred) zeroes by this time next year. It is also quite likely that …

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Beppe Grillo wants Italians to vote on leaving the Euro

beppe grillo movimento cinque stelle

Beppe Grillo, the leader of Italy’s nascent Five-Star Movement catapulted into power by last week’s Italian elections, is causing a bit of a stir this weekend. Yesterday, Grillo told German weekly news magazine Focus that given the dire straits Italy’s economy is in, if things didn’t change, Italians would want to leave …

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Bank of America to fire 16,000 by year end

Curious why nearly 4 years ago to the day Ben Bernanke and Hank Paulson told Ken Lewis to purchase Merrill Lynch “or else” (but to make sure everyone gets paid their bonuses bright and early with no cuts)? It certainly had to do with the stock price and preserving the …

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The War on Cash advances

War on cash

The War on Cash is advancing on all fronts. One region that has hogged the headlines with its war against physical currency is Scandinavia. Sweden became the first country to enlist its own citizens as largely willing guinea pigs in a dystopian economic experiment: negative interest rates in a cashless …

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Deutsche Bank is headed for collapse in Germany

Deutsche Bank

Is something about to happen in Germany that will shake the entire world? According to disturbing new intel that I have received, a major financial event in Germany could be imminent. Now when I say imminent, I do not mean to suggest that it will happen tomorrow. But I do …

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48 suspicious banking deaths

Mysterious banking deaths

Our advice is if JP Morgan offers you a job: politley decline. The list of top level bankers dying under suspicious circumstances has been growing rapidly in recent months. Whether these are genuine deaths or something more sinister one thing is for certain, banking is becoming one of the most dangerous industries to be involved in …

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2012 US Elections: Obamney vs. Rombama

insanity obama romney

A vote for Obama will bring war with Syria, Iran, and eventually Russia and China. The economy will continue to suffer in order to bolster the interests of off-shore corporate-financier interests, while  the collective prospects of Americans continue to whither and blow away. A vote for Romney, however, will also …

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The top 100 most damaging WikiLeaks

top-100-most-damaging-wikileaks-hillary-clinton

This list contains titles, links of proof, quotes from the links, and commentary from Reddit. These are just SOME of the thousands of leaks exposing Hillary Clinton’s corruption, and mainly comprise of the Clinton campaign chairman John Podesta’s emails, as well as a few other sources (FBI docs, DNC leaks, etc.) So much cover-up, media collusion, …

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