23 February, 2015 by The TZ Newswire Staff Comments Off on NY’s best bank ain’t Goldman Sachs
NY’s best bank ain’t Goldman Sachs
James Gorman bet that he could remake Morgan Stanley with a strategy that had been a miserable failure for the firm before. Five years after he became chief executive, it’s clear that the revamp is…
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23 February, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: U.S. probing big banks over pricing of gold, other metals
The Wall Street Journal: U.S. probing big banks over pricing of gold, other metals
U.S.
23 February, 2015 by The TZ Newswire Staff Comments Off on Marsh on Monday: For now, Greece would be bigger nuisance outside the euro than inside it
Marsh on Monday: For now, Greece would be bigger nuisance outside the euro than inside it
Greece will remain a member of the euro as long as it’s more of a nuisance outside the eurozone than inside it, writes David Marsh.
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23 February, 2015 by The TZ Newswire Staff Comments Off on What Is China Building In The South China Sea?
What Is China Building In The South China Sea?
Submitted by Ethan Rosen via BellingCat.com,
The South China Sea contains some of the planet’s most disputed territory. Six countries – China, Taiwan, Vietnam, Malaysia, the Philippines, and Brunei – are squaring off as they compete over the rights to the sea.
23 February, 2015 by The TZ Newswire Staff Comments Off on Ten Banks, Including JPM, Goldman, Deutsche, Barclays, SocGen And UBS, Probed For Gold Rigging
Ten Banks, Including JPM, Goldman, Deutsche, Barclays, SocGen And UBS, Probed For Gold Rigging
No matter how many times the big banks are caught red-handed manipulating precious metals, some failed former Deutsche Bank prop-trader (you know who you are) will take a vociferous stand based on ad hominem attacks and zero facts that no, what you see in front of you is not precious metal rigging at all but a one-off event that has nothing to do with a criminal banking syndicate hell bent on taking advantage of anyone who is naive and dumb enough to still believe in fair and efficient markets.
23 February, 2015 by The TZ Newswire Staff Comments Off on Slide Show: 4 things to know as the Nasdaq nears 5,000
Slide Show: 4 things to know as the Nasdaq nears 5,000
As the Nasdaq nears its tech-bubble high, here are some things to consider…
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23 February, 2015 by The TZ Newswire Staff Comments Off on "Do As I Say, Not As I Do" HSBC’s ‘Reforming’ CEO Sheltered Millions In Swiss Bank Accounts
"Do As I Say, Not As I Do" HSBC’s ‘Reforming’ CEO Sheltered Millions In Swiss Bank Accounts
Oops! Amid new money-laundering allegations against HSBC’s Swiss arm, The Guardian reports that leaked files show that CEO Stuart Gulliver sheltered US$7.6 million in a Swiss account through a Panamanian company. While a spokesperson for the bank said that taxes were paid on these funds in Hong Kong, when asked why he used a Panamanian company to hold the funds, given Swiss accounts already offer secrecy, they declined to comment.