banks
MF Global sold assets to Goldman before collapse: sources
By Lauren Tara LaCapra and Matthew Goldstein
Wed Jan 4, 2012 8:53am EST(Reuters) - MF Global unloaded hundreds of millions of dollars' worth of securities to Goldman Sachs in the days leading up to its collapse, according to two former MF Global employees with direct knowledge of the transactions. But it did not immediately receive payment from its clearing firm and lender, JPMorgan Chase & Co (JPM.N), one of the sources said.
Link:Read more via Reuters...Submitted by admin on Wed, 01/04/2012 - 10:19pm
Is Bank of America preparing for a Chapter 11?
Bank of America has managed to step into the kimchee several times over the past couple of months, an achievement that only warms the hearts of crisis communications professionals. First came the abortive settlement of $10 billion or so in put-back claims by some large investors. The State of New York and anyone else paying attention intervened. Settlement is now mostly muerto in political terms, although the big investors are still paying the big lawyers to soldier on in hope of forcing a settlement on all parties. Only in New York are such things possible.
Submitted by admin on Sun, 10/23/2011 - 7:54pm'OWS puts focus on banks hijacking economy'
Submitted by millennialrising on Fri, 10/14/2011 - 5:07pm
How a big US bank laundered billions from Mexico's murderous drug gangs
As the violence spread, billions of dollars of cartel cash began to seep into the global financial system. But a special investigation by the Observer reveals how the increasingly frantic warnings of one London whistleblower were ignored.
Submitted by millennialrising on Wed, 10/12/2011 - 1:13am
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