Austerity

Tsipras Rejects EU Ultimatum, Demands Bridge Deal: “Greeks Can’t Take More Disappointment”

Zerohedge Speaking defiant tone on Sunday evening, Greece's new Prime Minister Alexis Tsipras showed no signs of backing away from the commitments and pledges he and his party made to the Greek people (and that so many staunch status-quo huggers believe he will back down from). Raging that Greece "won't…
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Bankers

How Goldman Controls The New York Fed: 47.5 Hours Of “The Secret Goldman Sachs Tapes” Explain

Zero Hedge When nearly a year ago we reported about the case of "Goldman whistleblower" at the NY Fed, Carmen Segarra, who alleged she was wrongfully terminated after she flagged "numerous conflicts of interest and breaches of client ethics that she believed warranted a downgrade of Goldman's regulatory rating" and…
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‘Glitch’ Halts All ATM & Online Operations For World’s 2nd Largest Bank

Zero Hedge China Construction Bank, China's (and the world's) 2nd largest of the Big Four, and intimately connected to the CCFD ponzis, has suspended all ATM, online, and mobile banking operations - without warning - due to a "system issue."   Via CCB's site:   As Bloomberg reports, China Construction…
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Banks

A Secret in Cyprus Bank Bailout Stirs Resentment

NY Times Of all the financial implosions in the eurozone, few matched last year’s collapse of tiny Cyprus in terms of drama and chaos. Frantic Cypriots queued up at banks to drain their accounts. Russian oligarchs scrambled to repatriate hidden fortunes. European officials, fearing another bout of market contagion, orchestrated…
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Banks

Did the Other Shoe Just Drop? Black Rock and PIMCO Sue Banks for $250 Billion

Ellen Brown For years, homeowners have been battling Wall Street in an attempt to recover some portion of their massive losses from the housing Ponzi scheme. But progress has been slow, as they have been outgunned and out-spent by the banking titans. In June, however, the banks may have met…
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Banks

Three New JPMorgan IT Deaths Include Alleged Murder-Suicide

Wall Street on Parade Julian and Alita Knott: From Alita Knott’s Public Facebook Page Since December of last year, JPMorgan Chase has been experiencing tragic, sudden deaths of workers on a scale which sets it alarmingly apart from other Wall Street mega banks. Adding to the concern generated by the…
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Banks

Banker Suicides Return: JPMorgan Executive “Blasts Wife, Kills Self” With Shotgun

Zero Hedge With Russia and China having briefly taken over the hub of global executive suicides, the sad trend has returned back to America. In what appears to the 15th financial services executive suicide this year, yet another JPMorgan Director took his own life. As IBTimes reports, Jefferson Township (New…
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Banks

Portugal’s Largest Bank Misses Bond Payment; Bonds Collapse

Zero Hedge Brussels, we have a problem. As we warned 6 weeks ago, Espirito Santo International SA - is in a "serious financial condition" according to a central bank driven external audit by KPMG identified "irregularities in its accounts." Sure enough, the 'ponzi-like' maneuvers have left the bank unable to…
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Banks

Largest Austrian Bank Crashes After “Revealing” 40% Surge In Bad Debt Provisions, Record Loss

Zero Hedge Austria's largest bank by assets, and the third biggest bank in Eastern Europe after UniCredit and Raiffeisen, announced that, oops, its earlier forecast about the amount of bad loans on its books is wrong, and will have to rise by a massive 40%, leading to what will be…
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Banks

JPMorgan to HSBC Accused by EU Over Rate-Rigging Cartel

Bloomberg JPMorgan Chase & Co. (JPM), HSBC Holdings Plc (HSBA) and Credit Agricole SA (ACA)were accused today by the European Union’s antitrust arm of colluding to manipulate interbank lending rates. The trio received antitrust complaints alleging they participated in a cartel to rig Euribor. The so-called statement of objections is the next step…
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