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It is systemic. Barclays’ Chief Executive Officer Robert Diamond has resigned with immediate effect over the latest scandal involving the manipulation of the LIBOR interest rates. Little by little, banking scandal always surface and government pretends to take them serious imposing fines and sometimes getting some resignations.
The development of the banking industry was a milestone in the evolution of civilization. Both the banking industry and the monetary system fostered interaction among the peoples of the world thus allowing international trade. This new age of interaction is the foundation of civilization.
2020年3月6日 · Back in October 2019, the Court of Justice of the European Union, based in Luxembourg, gave a judgment in favor of Polish victims of unfair mortgage agreements crafted by the banks. The bankers created mortgage loans in Swiss francs to be reimbursed in Polish zloty claiming that the currency was very stable and it was, therefore, a good deal.
2019年11月20日 · Under QE, the Fed was buying in 30-year bonds in hope of creating a shortage of long-term paper that would in theory lead to consideration of buying long-term mortgage paper. It was trying to reduce the competition of government long-term debt with the private sector.
2016年3月4日 · So sorry, Jewish bankers are not the problem as it is the culture of banking at the top. Religion has nothing to do with this one. Before the Protestant Reformation, banking was exclusively a Jewish industry for Catholics had the sin of usury.
However, many of these coins ended up being taken out of the country to be melted and recast as “horse hoof silver” (馬蹄銀) ingots. As a result, the minting of these coins ceased in 1893. During the time Korea endured being colonized by Japan starting in 1910, Japanese coinage was used instead of Korean coinage.
2023年6月26日 · While everyone was distracted with trivial news stories, BlackRock and JPMorgan partnered with the Ukrainian government to “establish a reconstruction bank that will serve as a conduit for public seed capital to fund rebuilding projects.”.
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