European Banks Settling Mortgage Securities Fraud Cases
Both German Deutsche Bank and Swiss Credit Suisse are settling charges with the U.S. government over their involvement in fraud in the mortgage market.
White House Claims Over 80% Of Low-Skilled Jobs Will Be Automated
Chairman of the White House Council of Economic Advisers claims jobs with a median wage paying less than $20 an hour have an 83% chance of being automated.
Wall Street Doesn’t Believe Donald Trump Will Push His Platform
Wall Street doesn’t believe Trump is going to actually deliver on his promises, that the platform was bullshit, and that no bank breakup is coming
JPMorgan Pays $264 Million Fine For Bribing Chinese Officials
The latest payment of $264 million comes after JPMorgan hired the relatives of Chinese government officials to win business in China.
Goldman Sachs Endorses Hillary Clinton For President
Hillary Clinton earned the endorsement of Goldman Sachs CEO Lloyd Blankfein—an endorsement she had been working toward for years.
Leaked Memo Shows Obama Advisors Playing Both Sides On AIG Bailout
In 2008, Obama’s economic advisor told John Podesta that the new president should not criticize the AIG bailout but also keep his distance from it.
Clinton Speech For Deutsche Bank Was Designed To Give Cover For Wall Street Coziness
Hillary Clinton gave a speech to Deutsche Bank that was written so she had something to show if people ever asked what she said “to all those fat cats.”
Leak Shows Clinton Supporting Wall Street, Open Borders, And Hemispheric Union
On Friday, Wikileaks began releasing leaked emails from Hillary Clinton campaign Chairman John Podesta. One email in particular could be explosive.
Wells Fargo Hearing Shows New Fears Of Wall Street Regulation
Republicans tried to blame the Consumer Financial Protection Bureau for being “asleep at the wheel,” and Wells Fargo’s CEO for giving their opponents ammunition.
Wells Fargo CEO Tells Congress Bank’s Culture Not To Blame
On Tuesday, Wells Fargo CEO John Stumpf testified before the Senate Banking Committee regarding the company’s recent fraudulent account scandal.