Billionaire wealth tops $7 trillion By Judy Martel · Bankrate.com Monday, September 22, 2014 The combined wealth of the world’s billionaires now exceeds the collective market capitalization of all the companies in the Dow Jones industrial average, according to a… Read More ›
UBS
Eurozone banks face £42bn ‘capital black hole’
– “I expect more bad news coming out of Germany. The strongest German Panzer was unbeatable, but there is only one problem – they have one of the worst banking systems in the world Government adviser Davide Serra says this year’s stress… Read More ›
Leaked Records Reveal Offshore Holdings of China’s Elite
Illustration: Tim Meko By Marina Walker Guevara, Gerard Ryle, Alexa Olesen, Mar Cabra, Michael Hudson and Christoph Giesen January 21, 2014, 4:00 pm Key Findings Government officials and their families and associates in China, Azerbaijan, Russia, Canada, Pakistan, the Philippines,… Read More ›
That’s a bit rich: Only 28 per cent of millionaires think they’re wealthy
A study by UBS found that only 28 per cent of investors with $1-$5 million feel rich Only 60 per cent with $5 million or more think they are wealthy The average annual income in America is $51,500 The rich… Read More ›
Rich Move Assets from Banks to Warehouses
(Sm)art Investing By Christoph Pauly To avoid paying taxes, the rich are emptying their bank accounts in Switzerland and investing in art. This has spawned a new business of storing such works tax- and duty-free in warehouses across the world…. Read More ›
Goldman Sachs in spotlight over ‘aluminium price-hike’ scandal
Financial giant is accused of exploiting rules over metal warehousing in order to manipulate commodity prices James Moore Tuesday, 23 July 2013 Goldman Sachs is at the centre of another potential London-linked scandal after US watchdogs kicked off investigations into… Read More ›
Swiss Govt rejects deal, won’t let US Govt see Bank Accts….
Wednesday, 19 June 2013 Swiss parliament rejected a bill designed to resolve a dispute over undeclared bank accounts held by U.S. citizens, potentially setting the stage for American prosecution of the country’s banks. Members of parliament’s lower house voted… Read More ›
François Hollande rocked as minister confesses to lying over tax evasion
Former Budget Minister admits he had €600,000 in an illegal offshore bank account Paris Tuesday 02 April 2013 1 / 1 Jerome Cahuzac, former French finance minister: ‘I was caught up in a spiral of lies’ Getty Images In a… Read More ›
California Counties Want Millions From Banks for Fixing LIBOR
By ROBERT KAHN (CN) – Bank of America and other heavy hitters defrauded cities and counties by conspiring to fix, and lie about, the LIBOR rates, four California counties and cities and a Bay Area utilities district claim… Read More ›
Officials defend decision not to prosecute in money-laundering case despite HSBC’s ‘blatant failure’ to implement controls
EEV: So the Investors pay while the criminals once again go free HSBC’s record $1.9bn fine preferable to prosecution, US authorities insist Dominic Rushe in New York and Jill Treanor in London guardian.co.uk, Tuesday 11 December 2012 15.37 EST Assistant attorney general Lanny… Read More ›
£13tn: hoard hidden from taxman by global elite (21 Trillion USD)
A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign… Read More ›
Engineering Evil 