By Andre Damon, December 22, 2012
Not only has the Libor swindle exposed the criminality of the banks, it has laid bare the nexus of corruption and complicity involving governments and financial regulators the world over.
By Barry Grey, December 14, 2012
The financial robber barons of today are a law unto themselves.
By Bryan Dyne, November 17, 2012
BP has reached a settlement on all criminal claims with the US Department of Justice and on all securities claims with the Securities and Exchange Commission relating to the explosion of the Deepwater Horizon oil rig.
By Barry Grey, October 27, 2012
Not a single high-level banker has been prosecuted, let alone jailed, since the Wall Street crash of September 2008.
By A. Woodson, October 18, 2012
A Federal District Court judge in Manhattan has upheld a $4.8 million fine against Morgan Stanley for creating a derivatives deal.
By Barry Grey, August 21, 2012
In the figure of former MF Global CEO Jon Corzine, key aspects of the criminalization of the US ruling elite and the thoroughgoing corruption of its political system come together.
By Barry Grey, July 6, 2012
Rotting in its own criminality, the capitalist financial system produces ever more powerful arguments for its expropriation and reconstitution under public ownership and democratic control.
By Christopher Marsden, July 6, 2012
The declaration by chairman Andrew Tyrie that some of what Barclays chief executive Bob Diamond said in testimony to the parliamentary Treasury Committee seemed “implausible” ranks as a masterpiece of understatement.
By David Walsh, June 16, 2012
The members of the Senate Banking Committee treated JPMorgan CEO Jamie Dimon with awe and reverence.
By Barry Grey, March 16, 2012
On Monday, the settlement between five major US banks and the federal and state governments of foreclosure-related fraud charges was filed in federal district court in Washington DC.
By Andre Damon, Barry Grey, March 15, 2012
Greg Smith, an executive director at Goldman Sachs, announced his resignation Wednesday in an op-ed piece public in the New York Times, denouncing the bank's “toxic” culture of avarice and fraud.
By Julie Hyland, March 1, 2012
The scandal surrounding the welfare-to-work firm A4e (Action for Employment) has again exposed how large swathes of public funds have been handed over to private corporations, under both Labour and the Conservative-Liberal Democrat coalition.