Tag Archives: citigroup

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 risks allows the executives and traders to get a lot ... Read More »

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 fourth largest bank. Police believe Miller killed himself, Detective Martin ... Read More »

10 giant corporations that don’t pay taxes

Exxon Mobil

In recent years, giant corporations have started a trend when it comes to paying taxes: the greater the profit, the lower the taxes they pay. Dissatisfaction has come from citizens, but also from public figures like senator Bernie Sanders and public advocacy group Citizens for Tax Justice. The nonprofit group conducted a report and found out that between 2008 and ... Read More »

How 37 banks became 4

4 banks to 1

If you were wondering how banks got “too big to fail,” here’s a good place to start. This chart shows us how, over the last couple of decades, 37 banks have became just 4 mega-banks. These same 4 mega-banks have, thus far, been immune to the consequences of any and all of their terrible decisions that places the entire world economy in jeopardy. ... Read More »

Anonymous strikes Wall Street CEOs, leaks personal information

Moneys_is_the_Root_of_all_Politics_-_Anonymous_Leaks_50,000_Wall_Street_IT_Personnel_Accounts

Declaring “the guilty must pay,” Anonymous has released 4.6 gigabytes of data detailing the personal information of Wall Street CEOs and other high level Wall Street executives. Links to the data began appearing via Twitter on March 2. AnonymousIRC, a popular Twitter account associated with the international hacktivist collective known as Anonymous, tweeted the following: 4.6GB .xml files on CEOs and Directors [Compressed to 520mb ... Read More »

Three arrested in UK over Libor rate fixing scandal

hang the bankers

The UK anti-fraud agency has arrested three men in connection with the Libor interest rate manipulation scandal that broke earlier this year. According to Britain’s Serious Fraud Office, the three British men are aged 33, 41 and 47 and are all currently living in the United Kingdom. They have been taken to a London police station for questioning. The arrests ... Read More »

JPMorgan faces money laundering probe

JP Morgan

JPMorgan Chase & Co’s compliance with U.S. anti-money laundering laws is being reviewed by a banking regulator, a source said, making the largest U.S. bank the latest target of a wide investigation of how banks prevent transactions involving drug money and sanctioned countries. The Office of the Comptroller of the Currency, an independent branch within the Treasury Department, is examining ... Read More »

How your bank account could disappear

empty bank account

On the same morning we hear that ¼ of Wall Street executives think that fraud is a necessary part of “doing business” in the financial sector, we hear of a second “MF Global”. The U.S.’s so-called regulators are now reporting that somewhere around $220 million in customer funds is “missing” at a financial institution known as PFGBest; once again closing the barn door after all the ... Read More »