corruption

  1. Goldman Faces Venezuela Probe, Protest After Bond Purchase

    Goldman Faces Venezuela Probe, Protest After Bond Purchase
    Goldman Sachs Group Inc. faces a probe by Venezuela’s opposition leaders after buying bonds issued in 2014 by the state oil company, a purchase some lawmakers said bolsters President Nicolas Maduro as he grapples with accusations of human-rights violations. The South American nation’s legislature vowed to launch an investigation into whether the investment by Goldman Sachs’s asset-management arm broke any laws...
  2. Brazil’s Car Wash Scandal Reveals a Country Soaked in Corruption

    Brazil’s Car Wash Scandal Reveals a Country Soaked in Corruption
    What may be the largest corruption case in modern history runs deep in Latin America’s largest country. In U.S. history, entire cities and states have been branded corrupt: Think Richard J. Daley’s Chicago or Huey Long’s Louisiana. But amid even the worst federal scandals, Watergate included, the country has never been nationally profiled as crooked—a venal society from coast to coast...
  3. Corruption in Asia May Be Getting Worse: EY Survey

    Corruption in Asia May Be Getting Worse: EY Survey
    Just as China embarks on a massive Silk Road development funding initiative, a survey of business practices suggests corruption in Asia is only getting worse, adding potential potholes to new deals. Despite anti-graft initiatives under way from China to India, the survey by EY -- formerly known as Ernst & Young -- found that "ethical standards are not improving." Some 63 percent...
  4. JPMorgan Tells Banks to Partner Up as U.S. Deposit Drain Looms

    JPMorgan Tells Banks to Partner Up as U.S. Deposit Drain Looms
    JP Morgan Chase & Co, has some advice for regional banks: A deposit drain is coming, so merge while you can. The company’s investment bankers are warning depository clients that they may begin feeling the crunch in December, thanks to a by-product of how the U.S. Federal Reserve propped up the economy after the financial crisis, according to a copy of a...
  5. How Trump and Brexit Could Change Global Bank Rules

    How Trump and Brexit Could Change Global Bank Rules
    As two big economies chart a new course, some fear “regulatory arbitrage.” This is how a race to the bottom can start. In Washington, President Donald Trump has vowed to roll back the financial regulations passed after the 2008 crisis. In London, Prime Minister Theresa May, facing a possible exodus of bankers as Britain quits the European Union, has said...
  6. Canada's Housing Bubble Explodes as Its Biggest Mortgage Lender Crashes Most in History

    Canada's Housing Bubble Explodes as Its Biggest Mortgage Lender Crashes Most in History
    Call it Canada's "New Century" moment. We first introduced readers to the company we said was the "tip of the iceberg in Canada's magnificent housing bubble" nearly two years ago, in July 2015 when we exposed a major problem that we predicted would haunt Home Capital Group, Canada's largest non-bank mortgage lender: liar loans in particular, and a generally overzealous lending business...
  7. The Banking Industry Treats Its Customers Worse Than United Airlines

    The Banking Industry Treats Its Customers Worse Than United Airlines
    Last week the Internet was ablaze with disgust after a man was physically dragged off a United Airlines flight. What’s amazing, though, is that there are countless cases of another industry abusing its customers in far, far worse ways than the airlines. I’m talking, of course, about the banking industry. Banks treat you like criminal suspects too. Sure, United had a...
  8. Venezuela's Money Supply Soars By A Record 200%

    Venezuela's Money Supply Soars By A Record 200%
    Two weeks ago, Reuters reported that due to "unexplained" reasons, the Venezuela central bank had stopped publishing its M2, or money supply, data.  The M2 money supply was up by nearly 180% in mid-February from a year earlier, according to the central bank before it halted the release of the weekly data without explanation in February. "If they are not publishing, you...
  9. Is the Golden Era of Banking Over?

    Is the Golden Era of Banking Over?
    KUALA LUMPUR: Do you remember a time when high-flying bankers were getting some RM10 million in annual bonuses or payouts that were at least three-to-five years' worth? It seems those days are now a thing of the past, as the tables have turned for bankers and banks. Profits and revenue are still rising, but apparently not as fast as costs...
  10. Asia's Five Most Corrupt Countries

    Asia's Five Most Corrupt Countries
    From South Korea’s presidential scandal to Malaysia’s 1MDB fund, not many Asian countries have been able to avoid the smear of corruption. But just how pervasive is the problem across the continent? An 18-month long survey by Transparency International reveals there is much work to be done. After talking to more than 20,000 people in 16 countries, regions and territories in...

Items 1 to 10 of 14 total

Page