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How City banks and brokers stitched up local authorities with LOBO loans

pg-1-icap-reuters

June 26th, 2014 By Rob Carver (guest blog) First we had PPI. Then Libor. Then the misselling of interest rate swaps to SMEs. Now, ladies and gentlemen, I give you LOBO-gate: how banks ripped off local authorities and housing associations from someone who was there. Cast your minds back to the early 2000s. Life was […]

June 26th, 2014 | Posted in Blog | Read More »

Is JP Morgan paying $13bn fines to cover up a greater level of criminal wrongdoing?

Gordon Kerr

October 21st, 2013 Gordon Kerr, founder of Cobden Partners, has an interesting take on the $13 billion settlement that JPMorgan Chase is due to agree with the U.S. authorities to end civil claims over its sales of deceptive mortgage bonds. Speaking to Bloomberg TV’s Guy Johnson on “The Pulse” Kerr makes some interesting points. (1) […]

October 21st, 2013 | Posted in Blog | Read More »

The Parliamentary Review: Review of the Year in Finance

Image: William Banzai 7

By Ian Fraser Published: The Parliamentary Review Date: September 30th, 2013 The Libor scandal It was described as the banking industry’s ‘tobacco moment’. In June last year, Barclays was fined £290 million by US and UK regulators and judicial authorities after it admitted to systematically rigging the London Inter-Bank Offered Rate (Libor). Libor is the […]

September 30th, 2013 | Posted in Article Library | Read More »

Stephen Hester just doesn’t get it

Stephen Hester

By Ian Fraser Published: Daily Record Date: March 1st, 2013 Royal Bank of Scotland boss Stephen Hester was yesterday touring the television studios trying to convince us that he is absolutely determined to make RBS into a “really good bank” once again. The fox-hunting laird of Gogarburn also told us that RBS staff will share […]

March 1st, 2013 | Posted in Article Library | Read More »

Michael Hudson: how finance capitalism leads to debt servitude

Drowning in debt Washington

October 19th, 2012 This edited transcript is expanded from a live phone interview with Michael Hudson by Dimitris Yannopoulos for Athens News. It summarizes some of the major themes from Hudson’s new book, The Bubble and Beyond: Fictitious Capital, Debt Deflation and Global Crisis, published in the UK in July 2012 and available from Amazon.co.uk. The […]

October 19th, 2012 | Posted in Blog | Read More »

It’s time that errant bankers were made to grip the rails at the Old Bailey

Ols Baley - sword and scales of Justice

October 18th, 2012 By Rowan Bosworth-Davies “Go where you will, in business parts, or meet who you like of businessmen, it is – and has been for the last three years – the same story and the same lament. Dishonesty, untruth, and what may, in plain English, be termed mercantile swindling within the limits of […]

October 18th, 2012 | Posted in Blog | Read More »

Intruders gatecrash bankers’ party to hand Barclays Libor rigging award

The Intruders

October 8th, 2012 On Thursday, October 4th, The Banker’s Investment Banking Awards 2012, a black-tie do in the Sheraton Park Lane Hotel, were successfully gatecrashed by a group of activists known as The Intruders. They managed to join the veteran BBC newsreader Peter Sissons (what was he doing there, I wonder?) on the stage of the Sheraton Park Lane […]

October 8th, 2012 | Posted in Blog | Read More »

Campaign to clean up ‘rip off’ fund managers

Alan and Gina Miller SCM Private

By Ian Fraser Published: Sunday Herald Date: September 30th, 2012 Fund managers are ripping off their customers through a minefield of hidden charges, misleading advertising, and obfuscation over performance, according the founders of new campaign aimed at ensuring investors get a fairer deal. Alan and Gina Miller – a husband and wife team who held […]

September 30th, 2012 | Posted in Article Library | Read More »

Robert Jenkins: Puncturing bankers’ myths

Too Big To Fail - JP Morgan Chase's Jamie Dimon

September 26th, 2012 [Ian Fraser's introduction] In this speech, Robert Jenkins blows apart the self-serving myths that bankers and their lobbyists have been peddling since the financial crisis ripped apart the global financial system in 2007-. He also explains that, unfortunately ‘captured’ regulators and politicians have swallowed the myths whole. The unsurprising consequence is that post-crisis […]

September 27th, 2012 | Posted in Blog | Read More »

Guest Post: The Libor crime scene will soon be expanded

Police Notice - Libor reference banks

July 16th, 2012 By The Left Banker Image: WilliamBanzai7 For the past 30 years, the global economy has built up increasingly vast amounts of public, private and household debt. This was to compensate for the fall in real wages and to avoid a repeat of the crisis of over-production of goods and services seen from mid-1970s […]

July 16th, 2012 | Posted in Blog | Read More »

Fraser on Twitter

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