WEF Davos 2016 LIVE: Banking moguls continue brandishing financial Armageddon to intimidate us all but in Davos they worry about the very distant future

On Thursday 7n January this newspaper commented that behind the capital markets selloff, which shook the financial world in the first week of this year, were the financial moguls who want to impose their terms to central banks and mainly the American Fed. Since then stock markets keep losing a lot of grounds every day. […]

Financiers can turn the world into a dirty and dangerous place

Despite the fact that the civil society is fed up with the absolute indifference of the financial sector about what happens in the real economy, the western political elites continue to nurture the insatiable appetite of the banking system for more book profits. In view of that, the European Economic and Social Committee issued yesterday […]

Why the financial scandals multiply?

Deutsche Bank discharged yesterday a number of medium ranking dealers, related to the Libor fixing ring, while along with other major European lenders Deutsche appears ready to pay fines of hundreds of millions. Yesterday the Royal Bank of Scotland, another “systemic” financial group, agreed to pay $600 million in fines to US and British authorities […]