|
16 May
|
Posted by mbank
|
Jpmorgan\’s shocking loss proves regulatory failure
JPMorgan surprised markets last Friday by announcing that one of its trading groups lost $2 billion. This massive loss comes three years after America’s financial industry almost collapsed due to corruption and lack of oversight. But JPMorgan appears to be proving that the reforms implemented in the aftermath are failing. JPMorgan Chase CEO Jamie Dimon offered a mea culpa to his company’s shareholders: “We ended up with a strategy that is flawed, complex, poorly conceived, poorly vetted and poorly executed. This should never have happened. I can’t justify it.” JPMorgan Chase is the largest bank in the United States. It was the only bank to remain profitable during the 2008 financial crisis. This had given Dimon some credibility at the time, when he opposed stricter government regulations. But losing $2 billion has now shredded that credibility. Regulators already implemented a law in 2010 that was aimed at policing Wall Street better. But it is becoming obvious now that the new law isn’t much of a safeguard. The Justice Department is investigating the loss, and government officials are pointing to JPMorgan as a poster child for more banking reform. Treasury Secretary Tim Geithner said on Tuesday that it “helps make the case” for more government banking regulations. While many say the solution to fixing the financial system is additional regulations, the truth is that our greed-based and corruption-riddled system will not and cannot be fixed. Additional banking rules will ……
| Category: Bank News | Tag: Bank, Banking, Billions, CEO, Chase, Company, Corruption, Crisis, Culpa, Department, Dimon, Finance, Financial, Geithner, Industry, Jamie, Jpmorgan, Justice, Loss, Market, Markets, MEA, Regulations, Secretary, Shareholders, States, Street, System, Tim, Trading, Treasury, United, Wall |
|
8 May
|
Posted by mbank
|
Cbi freezes bank accounts of sakshi – iju secretary response
CBI freezes Bank accounts of Sakshi – IJU Secretary Response…
|
17 Apr
|
Posted by mbank
|
Coutts bank offshore numbered accounts trust files*link city of london police scandal
In a sensational further twist in theCarroll Foundation Trust billion dollars offshore tax evasion fraud scandal which stretches the globe it has been disclosed that the UK Government’s Foreign Secretary William Hague together with Lord Douglas Hurd who was Foreign Secretary during Sir John Major’s premiership are both believed to have deliberately concealed a shocking litany of compelling criminal evidential Carroll Trust banking and financial files which effectively impulsed this massive ongoing trans-national crime syndicate operation over a staggering sixteen years. Sources have revealed that Lord Hurd until quite recently was a director of the Queen’s bankers Coutts Bank who were also one of the Carroll Foundation’s private bankers. It has emerged that Lord Home the chairman of Coutts is believed to be also the subject of serious criminal allegations of racketeering and obstruction offences. The new explosive Carroll Foundation dossiers containing forged and falsified Coutts & Co Gerald Carroll banking arrangements fraudulent HSBC 4-8 Victoria Street Westminster numbered bank accounts which are thought to be directly linked to the shocking ransacking and complete theft of the entire contents of the trust’s multi-million dollar Eaton Square Belgravia penthouse and Westminster residences. Further sources have confirmed that the Foreign Office controlled MI6 security service is deeply involved in this great British society scandal. It is a well known fact that the ……
|
19 Mar
|
Posted by mbank
|
Goverment\’s dealings with de la rue unraveled
Permanent Secretary Joseph Kinyua has revealed that British currency printing firm De La Rue never reimbursed the government the 25 million dollars or an equivalent of 2 billion shillings at current exchange rates it had been paid as part of a currency printing deal in 2006.Instead, the Central Bank of Kenya entered into a deal with De La Rue that the funds would be used for the highly obscure short term currency printing contracts needed for the replacement of old and dilapidated currency.The shocking revelation came during a session of the Public Accounts Committee which had the finance Minister Robinson Githae, Treasury’s Permanent Secretary Joseph Kinyua and Investment Secretary Esther Koimett face the Khalwale-led committee….
| Category: Bank News | Tag: Accounts, Acting, Ag, Alex, Bank, Based, Boni, British, CBK, Central, Chairman, Committee, Currency, De, Dealing, Esther, Firm, Githae, Investment, Joseph, Kenya, Khalwale, Kinyua, Koimett, La, Minister, Mwangi, Njeru, Ntv, Obscure, Of, PAC, Permanent, Printer, Printing, Public, Reimburse, Robinson, Ruaraka, Rue, Secretary, Shady, Treasury, Undercover |
|
10 Mar
|
Posted by mbank
|
The beverly hillbillies – ely becomes a secretary
The series is about a poor backwoods family transplanted to Beverly Hills, California, after striking oil on their land. A Filmways production created by writer Paul Henning, it is the first in a genre of “fish out of water” themed television shows, and was followed by other Henning inspired country-cousin series on CBS. In 1963, Henning introduced “Petticoat Junction” and in 1965 he reversed the rags to riches model for Green Acres. The show paved the way for later culture-conflict programs such as McCloud, The Nanny, The Fresh Prince of Bel-Air, and Doc. Panned by many entertainment critics of its time, it quickly became a huge ratings success for most of its nine-year run on CBS. The Beverly Hillbillies ranked among the top twelve most watched series on television for seven of its nine seasons, twice ranking as the number one series of the year, with a number of episodes that remain among the most watched television episodes of all time. Buddy Ebsen, born, Christian Ludolph Ebsen Jr., April 2, 1908, passed away, July 6, 1908 (age 95) Irene Ryan, born, Jessie Irene Noblett, October 17, 1902, passed away, April 26, 1973 (age 70) Tonight’s Story “Elly Becomes A Secretary” When Miss Hathaway gets sick and Mr. Drysdale has to speak at a conference, Jed decides helps out by running the bank and having Elly be his secretary, while Jethro finds a speech that Drysdale accidentally uses instead of his own. All the while a new teller sucks-up to the men and flirts with the women ……
| Category: Bank News | Tag: Actor, Banjo, Bank, Banker, Beautiful, Belt, Beverly, California, City, Commerce, Contrast, Country, Critter, Daughter, Domain, FAMILY, Famous, Father, Female, Fish, Grandmother, Greedy, Hillbilly, Hills, Idiot, Ignorance, In, Law, Male, Mansion, Millionaire, Mother, Nephew, Nouveau, Of, Oil, Opening, OUT, Playing, POLITICIAN, Pool, Public, Rags, Relationship, Relationships, Riche, Riches, Role, Rope, Secretary, Single, Sitcom, Stereotype, Stupidity, Swimming, Theme, To, Truck, Water, Widow, Widower, Woman |
|
7 Mar
|
Posted by mbank
|
Sammy wilson @ niqs – focus on bank lending
East Antrim MP Sammy Wilson at Northern Ireland Questions in the House of Commons asking the Secretary of State what discussions he has had with banks to ensure that they are lending and making the required money available for businesses to function….
|
17 Feb
|
Posted by mbank
|
Milli dəstəkçilərin fifa səfəri
FIFA-nın Sürixdəki mənzil-qərargahında bu il Azərbaycanda keçiriləcək 17 yaşadək qızlar arasında dünya çempionatı ilə bağlı 14 fevral? 2012-ci il tarixində görüş keçirilib. Turnirin yerli tərəfdaşları — Azərbaycan Respublikası Dövlət Neft Şirkəti (ARDNŞ), Xalq Bank və “Bakcell”in nümayəndələri Sürixdəki tədbirə qatılıblar. Tədbirdə Yerli Təşkilat Komitəsinin sədri, AFFA-nın baş katibi Elxan Məmmədov da iştirak edib….
| Category: Bank News | Tag: 2012, AFFA, ARDNŞ, Azerbaijan, Bakcell, Baki, Baku, Bank, Bas, çempionatı, Ceremony, Championship, Cup, Dunya, Elkhan, Elxan, Fifa, Football, Fu17wwc, General, Haenni, Katib, Mammadov, Məmmədov, Richard, Secretary, Shearer, Signing, SOCAR, Soccer, Sürix, Tatjana, Tournament, Womens, World, Xalq, Zurich |
|
31 Jan
|
Posted by mbank
|
Is the un dream dead? international organizations and the challenges of change
THE MADELEINE KORBEL ALBRIGHT INSTITUTE FOR GLOBAL AFFAIRS AT WELLESLEY COLLEGE PRESENTS: Is the UN Dream Dead? International Organizations and the Challenges of Change A dialogue with: Madeleine K. Albright ’59, US Secretary of State, 1997-2001 James Wolfensohn, World Bank President, 1995-2005 Suzanne Nossel, Executive Director, Amnesty International USA…
|
27 Jan
|
Posted by mbank
|
Chuka umunna on rbs bank boss £1m bonus (27jan12)
Labour’s shadow business secretary Chuka Umunna talks about the RBS bank boss who is to get a £1m bonus. Chuka “forgot” to mention that it was LABOUR that came up with the contract in the first place to reward RBS bankers in this way. Recorded from Sky News, 27 January 2012….
