A telephone call between a financial adviser in Beverly Hills and a trader in New York was all it took to fleece taxpayers on a water-and-sewer financing deal in West Virginia. The secret conversation was part of a conspiracy stretching across the U.S. by Wall Street banks in the $2.8 trillion mun... Read more...
Perhaps you have noticed that frequently the largest and most extravagant buildings in most cities (and even small towns) are banks. It’s fascinating how banks make money off interest, which is one of the most lucrative businesses known to man. While most businesses build a product or provide som... Read more...
Singapore. A top Asian fund manager said on Wednesday the civil fraud allegations against massive Wall Street bank Goldman Sachs was a smokescreen to divert attention from the financial crisis in the United States. Goldman is being investigated for fraud by the Securities and Exchange Commissio... Read more...
The central bank of the United Arab Emirates (UAE) has said it will provide banks with extra liquidity. The news comes days after the state-owned Dubai World said it would ask for an extension on repaying its debts, sending world stock markets tumbling. The move appeared designed to head off a pos... Read more...