Tag Archives: banking corruption
IMF head accused of financial misdealing
Christine Lagarde, the head of the International Monetary Fund, will soon learn if she must face a full criminal investigation over her role in a contentious financial deal that dates back to her time as French finance minister. http://www.nytimes.com/2013/05/23/business/global/lagarde-to-appear-in-french-court.html Ms. Lagarde, Nicolas Sarkozy’s finance minister from 2007 to 2011, allowed a court case to go […]
Banksters writing US financial laws
Bank lobbyists are not leaving it to lawmakers to draft legislation that softens financial regulations. Instead, the lobbyists are helping to write it themselves. One bill that sailed through the House Financial Services Committee this month — over the objections of the Treasury Department — was essentially Citigroup’s. http://dealbook.nytimes.com/2013/05/23/banks-lobbyists-help-in-drafting-financial-bills/?hp The bill would exempt broad swathes […]
International banking corruption leaves one dead
The head of communications for the troubled Italian bank Monte dei Paschi di Siena, David Rossi, is found dead. What were the circumstances that forced the bank, the world’s oldest, to accept a €4.1 billion or $5.3 billion bailout from the Italian government? http://www.nytimes.com/2013/03/08/business/global/official-from-monte-dei-paschi-di-siena-bank-is-found-dead.html?ref=world In 2008 Monte dei Paschi acquired another Italian bank, Antonveneta, for […]
Dirty Babylon 