Mobile version Today: 02.03.2015 Last update 06:00 | Select date RUS | ENG | SRB
 
 
home sitemap write a letter facebook twitter
Add to favourites RSS


ONLINE JOURNAL
About us
Authors
Contacts
    Nuland attempts Kiev Version 2.0 in Skopje  
    Mission Imperative: Why the West and Kiev Regime Must Kill the Truth  
    War and the Dollar  
  HOME PAGE WORLD BUSINESS HISTORY & CULTURE COLUMNISTS  
 
 
 
EDITOR'S CHOICE
 
Pentagon provocation on Russia’s border
 
Paul Craig Roberts: The CIA May Have Just Assassinated Boris Nemtsov In Moscow To Blame Putin
all articles
 
 
 
 
NEWS
 
 
Lithuania strikes gas supplies deal with US...

Ukraine’s president simplifies imports of Western defence-related goods to Ukraine...

Athens asks Russia to lift import ban on strawberries, oranges and peaches...

Russia ready to repel any nuke strike, retaliate – missile forces command chief...

ISIL Releases 23 Assyrian Christian Abductees in Syria...

South Egypt Explosion Leaves 2 Dead, 6 Wounded...

‘UK benefited from Saudi torture to stop attack’...

Ukraine Electricity Emergency Courtesy of Guess Who?...

Jihadi John, 2 Members of Al-Qaeda Affiliate Groups Attended Same UK School...

Kiev Regrouping Heavy Arms Near Contact Line, Violates Minsk Deal - Donetsk...

Ukraine introduces entry on foreign passports for Russians...

DPR finalises withdrawal of heavy weapons from engagement line - defence ministry...

Iraqi National Museum Reopens In Response to ISIL Destroying Ancient Relics...

Terrorism, Violence Kill 1,103 Iraqis in February – UN...

OSCE mission witnesses withdrawal of DPR four convoys, LPR two convoys on Friday-report...

all news
 
 
 
FACEBOOK
 
 

 

 
 
 

Bank of America

| Go to news

The publication period from     

 

 

Untouchable Banks: The End of the Easy Life (II)

While at first the main target of prosecution on charges of discreditable mortgage practices was Bank of America, which was traditionally one of the top five, if not the top three banks on Wall Street, in autumn 2013 JPMorgan Chase topped the black list. Among Wall Street banks it has consistently occupied first place in assets (currently 2.3 trillion dollars). JPMorgan Chase will pay the U.S. government 13 billion dollars in exchange for dropping the investigation into the bank's activities in the mortgage field. An agreement to this effect was reached by the bank's management and the U.S. Department of Justice. This is an absolute record for compensations received by the U.S. government from a private business...

Valentin KATASONOV | 07.11.2013


 

Untouchable Banks: The End of the Easy Life (I)

The largest banks of Wall Street, the London City and other financial centers of the West have always been considered «Too Big to Fail». Such big-name banks were categorized as «untouchables», «sacred cows» which were destined to exist forever. And that is not surprising; the demise of any one of the «sacred cows» of the banking world could plunge not only one country, but the entire world into the depths of crisis. After all, the «sacred cows» existed outside of the so-called market economy, with its fierce competition, high risks, bankruptcies and defaults. They lived their lives in the oases of «banking socialism»...

Valentin KATASONOV | 05.11.2013




1
 
 
 
OUR COLUMNIST
    Valentin KATASONOV

Reasons for Hryvnia’s Collapse

By the end of «black Wednesday», Feb. 25, the Ukrainian currency exchange rate went down to 33 hryvnias to the dollar and never bounced back. It also plummeted as low as 50-60 hryvnias at the black market to stay there. The official rate was around 15 hryvnias to the dollar in mid-February... In general, the reason for the currency collapse is the economic crisis transforming into a national disaster. Ukrainian Prime minister Arseniy Yatsenyuk has acknowledged recently that the economy dropped 20 % in 2014... According to the recently published forecasts, the GDP is to fall by 5, 5 % in 2015. The yearly inflation is estimated to be 25-26%. The crisis has also spread to banks...

02.03.2015
 
 
 
 
 
 
TAGS
 
 
 
Aeroflot AFISMA African Union Africom AIPAC Al Qaeda Al Shabaab Al-Jazeera ALBA Amnesty International Anonymous APEC Arab League ASEAN ATAKA Atomstroyexport Bank for International Settlements Bank of America Barclays Basel Committee BBC Bilderberg Club Black Bloc Blackwater Boco Haram BP BRICS CARICOM CELAC Center for Responsive Politics CEPAL Chevron CIA CICA CIS Citigroup CNN Committee of 147 Committee of 300 Council of Europe Council on Foreign Relations Crescent Crescent Petroleum CSTO Customs Union DARPA Davos DEA Defense Intelligence Agency DIA Dragon Family E.ON Eager Lion ECOWAS EDA ELNET Enbridge Pipelines ETA EU EULEX EurAsEc Eurasian Union European Commission European Court of Human Rights European Union Exxon Mobil Facebook FAO FARC FATAH FBI FDA Federal Reserve FIFA Financial Action Task Force Financial Stability Board Fitch Franklin Templeton Freedom House FRS FSB FTA FUEN G-4 G20 G7 G8 GATA Gazprom GECF Glonass Goldman Sachs Google Greenpeace GUAM Guardian Gulf Cooperation Council Hague Tribunal HAMAS Heritage Foundation Hezbollah Hizb ut-Tahrir HSBC Human Rights Watch IAEA IEA IHRC IMF International Criminal Court Interpol IOC ISAF Islamic jihad Islamic Revolution Guards Corps ITERA Jamestown Jobbik JP Morgan Jundullah KFOR KLA Ku Klux Klan Liberation Tigers of Tamil Eelam Lukoil Massachusetts Institute of Technology Mercosur Microsoft Missile defense Missile Defense Agency Moody's Morgan Stanley Mossad Most-Favoured Nation Mujahedin-e Khalq Muslim Brotherhood Nabucco Naftogaz NASA Nation of Islam National Security Agency NATO NDAA NDI NED Non-aligned Movement NORAD Nord Stream NORTHCOM Northern Distribution Network NSA OECD Oerlikon OIC OPCW OPEC Open Government Partnership Organization of American States OSCE OTW movement OUN / UPA PACE PACOM Pan-Europa movement Pentagon PJAK PKK PRISM PYD Red Cross Renova Republican Party Rosatom Roscosmos Rosneft Rosoboronexport Ruhrgas RusAl RWE SABSA Scientology Shanghai Cooperation Organization Shell Siemens South Stream Southern Command Standard & Poor's Statoil Strategic Nuclear Forces Stratfor SWF SWIFT Syrian National Council SYRIZA Taliban Tamarod TAPI TeleSur TNK-BP Total Transneft TTIP Twitter UN UN International Court UNASUR UNESCO USAID Valdai Club Visegrad Group Wall Street Westinghouse Wikileaks World Bank WTO Yukos “Mass Atrocity Response Operations”
 
 
 

Republishing is welcomed with reference to Strategic Culture Foundation on-line journal www.strategic-culture.org.


 

 

 
 
© Strategic Culture Foundation

RSS

Main Politics History&Culture Archive Authors Popular
  Economics Columns About Contact