Deutsche Bank chased away from US, threatened with more fines

Davos, Switzerland, 20/1/2016 - Christine Lagarde, Managing Director, International Monetary Fund (IMF) and John Cryan, Chief Executive Officer, Deutsche Bank, captured during the session 'The Transformation of Finance' at the Annual Meeting 2016 of the World Economic Forum in Davos, Switzerland, January 20, 2016. IMF has labeled Deutsche Bank as a major risk to the global financial system. (WORLD ECONOMIC FORUM/swiss-image.ch/Photo Remy Steinegger. No changes made. Only some rights reserved).

The US Department of Justice settled its claims against Deutsche Bank, the biggest German lender, for packaging and selling toxic mortgage securities to uninformed customers prior to the 2008-2010 financial crisis. Initially, the Justice Department had asked for $14 billion, but it seems it settled for a fine of $7.2bn. However, this is not the […]

What will the US look like under Trump? Was his election campaign a big scam?

Trump promised everything the Americans wanted, to win the race for the White House. Gallery Archive, from ‘The Campaign Trail with Donald J. Trump’. Donald J. Trump for President, Inc.

Everybody agrees now that the President – elect Donald Trump won the 8 November election, by promising he will take good care of the Americans who are left behind in the era of globalization and of the global financial rackets. The first signs though indicate the opposite. His choices for the top Washington jobs are […]

Can the EU afford to block China’s business openings to Europe by denying her the ‘market economy status’?

EU/China Summit, 12-13/07/2016. Handshake between Xi Jinping, President of the People's Republic of China, on the right, and Jean-Claude Juncker President of the Eueopean Commission. Date: 12/07/2016. Location: Beijing, China - Diaoyutai State Guesthouse. © European Union , 2016 / Source: EC - Audiovisual Service / Photo: Olli Geibel.

The way Wallonia, Belgium’s French speaking region approved CETA – the comprehensive economic and trade agreement between the EU and Canada – is a rather dark landmark. In the future, Europe’s trade and otherwise relations with foreign countries will be rather shaky. This was also true in the past, but now became evident for everybody […]

Who is to pay the dearest price in a global slowdown?

European Parliament. Workshop on granting Market Economy status for China after 2016. Discussion between Bernard O'Connor, Professor at Bocconi University, Jean-François Bellis, Professor at the Institute of European Studies of the University of Brussels, Lucien Cernat, Chief Trade Economist of the European Commission, Robert Scott, Director of Trade and Manufacturing Policy Research at the EPI Institute and author of the Study " Unilateral grant of market economy status to China would put millions of EU jobs at risk", Maurizio Zanardi, Associate Professor in Economics at the Lancaster University Management School and Schaake Marietje (ALDE, NL).
Event Date: 28/01/2016. City: Brussels. © European Union 2016 - Source : EP.

What happens in China is more important for the European economy than a meagre fall of unemployment in the Eurozone. Last Tuesday, China said its February exports dived by a record 25.4%, fuelling new fears for a bigger slowdown in the world economy. At the same time, a Press release by Eurostat, the EU statistical […]

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

Davos Switzerland, 19/1/2016 - Leonardo DiCaprio (L), Actor and United Nations Messenger of Peace for Climate and Founder, Leonardo DiCaprio Foundation - LDF, USA, (next to him on the right) Hilde Schwab (C), Chairperson and Co-Founder, Schwab Foundation for Social Entrepreneurship, ( together with her husband Klaus Schwab they founded WEF) and Joseph R. Biden Jr, Vice-President of the United States of America applaud during the Opening of the Annual Meeting 2016 of WEF. WEF swiss -image.ch/Photo Monika Flueckiger.

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. […]

Capital markets selloff: The financial moguls send messages to monetary authorities

The financial district of the City of London. Practically all the “too big to fail’ banks are present there. Council of the European Union – European Council Audiovisual Service. Shoot date: 15/10/2015, Location: London, United Kingdom.

The wild selloff in the major capital markets of the world that culminated last Monday, the first working day of the New Year and continued on Wednesday for a fifth day in row was not just an overreaction to the anticipated slowdown of the Chinese economy, as almost all chief analysts assumed in mainstream media. […]