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Showing posts with label Finance. Show all posts
Showing posts with label Finance. Show all posts

Pope's butler charged in 'Vatileaks' scandal - Europe - Al Jazeera English

Pope's butler charged in 'Vatileaks' scandal - Europe - Al Jazeera English: "Vatican documents leaked to the press in recent months alleged corruption in Vatican finance and bickering over the Holy See's efforts to show more transparency in its financial operations."

How can a religious group have legal authority over anyone?
Interestingly the Vatican never charged any of the Priests sexual predators.

SEC, FINRA to review Facebook issues, Nasdaq sued | Reuters

SEC, FINRA to review Facebook issues, Nasdaq sued | Reuters: (Reuters) - "Two top U.S. financial regulators said the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its embattled lead underwriter and the Nasdaq."

Why Wall Street's Layoffs Are More Serious Than You Think - Forbes

Why Wall Street's Layoffs Are More Serious Than You Think - Forbes: "Bloomberg puts the number of financial jobs lost at close to 200,000 this year alone."



So we bailed out the banks and in return they have cut and plan to cut more jobs so that they can register profit and insure that executives keep their outlandish life style.

This will only fuel the Occupy movement.  Because college graduates, like in Tunisia, have a very uncertain future and will not find jobs easily.

Judge approves cash for MF Global bankruptcy | Reuters

Judge approves cash for MF Global bankruptcy | Reuters: (Reuters) - "A bankruptcy judge approved on Wednesday a deal to allow collapsed broker MF Global Holdings Ltd (MFGLQ.PK) to finance the rest of its bankruptcy with about $21 million in cash pledged as collateral to JPMorgan Chase & Co(JPM.N), one of its primary lenders."

EU raids banks in lending rates probe | Reuters

EU raids banks in lending rates probe | Reuters: (Reuters) - "The European Commission has raided banks, including Deutsche Bank, in a probe into suspected fixing of interbank lending benchmark Euribor, the third major investigation of the finance sector by the EU's powerful executive this year."

China state media takes aim at U.S. currency bill | Reuters

China state media takes aim at U.S. currency bill | Reuters: (Reuters) - "China's official news agency derided on Sunday U.S. lawmakers' efforts to pressure Beijing over its currency policy as "expedient and shallow," saying they were resorting to an old habit of deflecting blame on China."

Merkel dodges bullet with euro vote victory | Reuters

Merkel dodges bullet with euro vote victory | Reuters: (Reuters) - "Angela Merkel won her toughest challenge yet as German chancellor by pushing through changes to a rescue fund for the euro zone debt crisis on Thursday without the humiliation of relying on opposition support."

EU says 420 billion euros injected into Europe's banks | Reuters

EU says 420 billion euros injected into Europe's banks | Reuters: (Reuters) - "European banks have already received 420 billion euros in funds to help recapitalize and are in a much better shape than three years ago, the European Commission said on Friday."

Exclusive: CFTC compromises of parts of speculative curbs | Reuters

Exclusive: CFTC compromises of parts of speculative curbs | Reuters: Reuters) - "U.S. futures regulators are yielding to banks and other major traders of commodities on several key provisions in a plan to crack down on speculation, but are holding their ground on the need to forge ahead with position limits."