Below you'll find a list of all posts that have been tagged as “UBS”
Less than a week after India’s surprise move to scrap its highest denomination cash notes, another front in the War on Cash has intensified down under in Australia. Yesterday, banking giant UBS proposed that eliminating Australia’s $100 and $50 bills would be “good for the economy and good for the banks.” (How convenient that a bank would propose something that’s …
A look at the 2009 UBS scandal, banking fraud, corruption and the funding of illegal activities and why such nefarious activities among global elite matter
Turning their backs on climate science and the consensus of governments and civil society across the globe, the world’s biggest banks are dangerously advancing the climate crisis by pumping hundreds of billions of dollars into the world’s most polluting fossil fuel industries, according to a new report published Tuesday. The report, $horting the Climate: Fossil Fuel Finance Report Card 2016 (pdf), put …
The leading expert on food at the United Nations says sharp price fluctuations in the price of food has little to do with actual supply. Nowadays, rapacious out-of-control investment backs such as Goldman Sachs, Morgan Stanley and Barclays Capital now dominate food speculation through the commodities markets. They dwarf the amount traded by actual food producers and buyers needlessly tipping millions into …
There has been a lot of talk in recent weeks about the speaking fees paid to presidential candidate Hillary Clinton, and an analysis published Saturday sheds some light on exactly how much Wall Street and other major corporate powers ponied up for the former Secretary of State and her husband, President Bill Clinton. $153 million, CNN concludes, is the amount the power …
Last month as Hillary Clinton was leaving a town meeting in Manchester, Lee Fang of the Intercept asked her if she would release the transcripts of her paid, and very private speeches to Goldman Sachs, the Wall Street powerhouse historically deep in Washington, D.C., influence-peddling. Mrs. Clinton just laughed. It is probably a good bet that her laugh was masking …
s the world gathers in Paris for the daunting task of switching from fossil fuels to renewable energy, one small country on the other side of the Atlantic is making that transition look childishly simple and affordable. In less than 10 years, Uruguay has slashed its carbon footprint without government subsidies or higher consumer costs, according to the country’s head …
ON NOV. 13, THE UNITED KINGDOM’S SERIOUS FRAUD OFFICE (SFO) ANNOUNCED IT WAS CHARGING 10 INDIVIDUAL BANKERS, WORKING FOR TWO SEPARATE BANKS, DEUTSCHE BANK AND BARCLAYS, WITH FRAUD OVER THEIR RIGGING OF THE EURIBOR RATES. THE LATEST ANNOUNCEMENT SHINES THE SPOTLIGHT ONCE AGAIN ON THE SCANDALS AND CRIMINAL BEHAVIOR THAT HAVE COME TO DEFINE THE WORLD OF GLOBAL BANKING. To date, only …
China’s middle class has surpassed that of the United States to become the world’s largest, according to the 2015 Credit Suisse Global Wealth Report. The Swiss Bank also predicted that Asia will be the site of the greatest expansion of the world’s middle class. With 109 million adults “this year, the Chinese middle class for the first time outnumbered” that …
The worth of gold in the world is growing by the day. That might seem like a paradox but it isn’t. The worth of gold is not fixed on the Comex futures exchange, or the trade in London or Zurich. True, most of the gold-trading public takes its cue today from the CME’s COMEX gold futures price where it does …
