Cyber Security Experts Warn of Russian Cyber-Attacks on U.S. Banks Next Spring

http://www.dailymail.co.uk/sciencetech/article-2248032/Russian-hackers-launch-blitzkrieg-cyber-attacks-U-S-banks-spring-security-experts-warn.html Russian hackers will launch blitzkrieg cyber-attacks on U.S. banks next spring, security experts warn McAfee’s warns of threat that surfaced on Russian hackers’ forum Project Blitzkrieg plans mass fraud on financial institutions across U.S. Research indicates 500 infected in pilot campaign, with more to come By Damien Gayle PUBLISHED: 05:59 EST, 14 December 2012 […]

Government orders urgent review into Libor corruption as it emerges that Barclays had THREE chances to probe market-rigging

http://www.dailymail.co.uk/news/article-2166700/Banking-crisis-Government-orders-urgent-inquiry-Libor-rate.html Independent review will consider introduction of criminal sanctions Barclays chief executive Bob Diamond has been summoned to appear in front of the Treasury Select Committee on Wednesday Vince Cable has admitted banking sector is a ‘massive cesspit’ Barclays, HSBC, Lloyds and Royal Bank of Scotland were censured for selling risky and inappropriate insurance to […]

A new nightmare on Wall Street? U.S. banks face criminal probe into global interest rate-fixing scheme as Barclays blows the whistle on America’s financial giants

http://www.dailymail.co.uk/news/article-2166198/Interest-rate-scandal-Will-Barclays-turn-banks-involved-massive-scheme.html By Toby Harnden and Thomas Durante PUBLISHED: 18:38 EST, 28 June 2012 | UPDATED: 18:38 EST, 28 June 2012 Some of America’s top banks are set to be dragged into a major criminal investigation of a global interest rate-fixing scandal about to engulf some of Wall Street’s biggest institutions. The worldwide probe centres on […]

Banks now foreclosing on churches in record numbers with no sign of slowing down

http://www.dailymail.co.uk/news/article-2112670/Banks-foreclosing-churches-record-numbers-sign-slowing-down.html By Daily Mail Reporter PUBLISHED: 13:18 EST, 9 March 2012 | UPDATED: 13:23 EST, 9 March 2012 Banks are foreclosing on America’s churches in record numbers as lenders increasingly lose patience with religious facilities that have defaulted on their mortgages, according to new data. Many banks are no longer willing to grant struggling religious […]

Banks start playing games with your money

http://www.reuters.com/article/2012/01/13/us-usa-gamification-idUSTRE80C19M20120113 By Linda Stern WASHINGTON | Fri Jan 13, 2012 3:39pm EST (Reuters) – A new video game has gotten its hooks into Brian Kealer, a 26-year-old San Francisco software engineer. He’s not killing birds or using his vocabulary to impress his friends. No, Kealer is after real prizes, like the iPad2 he just scored. […]

How Wall Street Turned a Crisis Into a Cartel: William D. Cohan

http://www.bloomberg.com/news/2012-01-09/cohan-how-wall-street-turned-a-crisis-into-a-cartel.html By William D. Cohan Jan 8, 2012 7:00 PM ET Almost 65 years ago, in 1947, the U.S. government sued 17 leading Wall Street investment banks, charging them with effectively colluding in violation of antitrust laws. In its complaint — which was front-page news at the time – — the Justice Department alleged that […]

Borrowers turn lenders as banks tap firms for cash

http://www.reuters.com/article/2012/01/09/us-banks-companies-repo-idUSTRE80813T20120109 By Douwe Miedema LONDON | Mon Jan 9, 2012 10:00am EST (Reuters) – Blue-chip names like Johnson & Johnson (JNJ.N), Pfizer (PFE.N) and Peugeot (PEUP.PA) are among firms bailing out Europe’s ailing banks in a reversal of the established roles of clients and lenders. One source with knowledge of the so-called repo deals or […]