It’s not shaping up to be a great week for a group of former HSBC FX traders who decided to front-run a massive $3.5 billion currency trade placed by one of their clients and net their bank some $8 million in illicit profits in the process. Earlier this week, Ex-HSBC currency trader Mark Johnson, who […]
U.S. Jury Finds Former HSBC Executive Guilty of Fraud in $3.5B Currency Trade…
A U.S. jury on Monday found a former HSBC Holdings Plc(HSBA.L) executive guilty of defrauding Cairn Energy Plc (CNE.L) in a $3.5 billion currency trade in 2011. U.S. prosecutors have said that Mark Johnson, formerly head of HSBC’s global foreign exchange cash trading desk, schemed to ramp up the price of British pounds before executing […]
Bombshell Dropped in Federal Court: Proof of a Silver Market “Mafia” Among Big Banks…
Lawyers representing traders who allege they were ripped off by a group of colluding global banks filed eye-popping evidence in a Manhattan Federal Court yesterday showing that even as global banks were being criminally probed for rigging currency markets, they continued to engage in rigging the silver market, with a UBS trader referring to the […]
FBI Director James Comey’s Clinton Foundation Connection…
Pipelines, Poverty and Privilege: the Finances of Judge James Boasberg…
As reported by Democracy Now “Bank of America, HSBC, UBS, Goldman Sachs, Wells Fargo, JPMorgan Chase and other financial institutions have, combined, extended a $3.75 billion credit line to…
Green Party’s Jill Stein Joins Protesters at Standing Rock North Dakota…
DC District Court Judge James E. Boasberg, 53, is set to rule on the fate of the Dakota Access Pipeline on Friday. The clean drinking water of 20,000,000 of his countrymen hangs in the balance…
Terrorism Database Used by Governments and Banks Leaked Online…
A researcher has obtained a copy of Thomson Reuters’ ”World-Check” confidential intelligence database, which is used by governments, intelligence agencies, banks, law firms and more…
FLASHBACK: The Terrorism Blacklist Secretly Wielding Power Over the Lives of Millions…
After GE Ruling, Here Are the Too-Big-to-Fail Banks and Financial Firms Still a Threat to ‘derailing the U.S. Economy……
Here’s the list of banks and insurers the federal government gives extra scrutiny to for fear of their failure derailing the U.S. economy…