|
|||||
|
…a cost of doing business says the BP CEO in private BP is set to receive a record fine of between $3bn and $5bn (£1.9bn-£3.2bn) to settle criminal charges related to the 2010 Deepwater Horizon disaster, the BBC has learnt. It will be the biggest criminal penalty in US history, BBC business editor Robert Peston says. The settlement with the Department of Justice. It involves BP pleading guilty to criminal charges. It is thought [...]
He also says Italy cannot afford these high rates either. He did not appear to mention Greece though and the ultra high rates they are expected to pay: Spanish Prime Minister Mariano Rajoy has said Spain cannot afford to finance itself for long at current rates. Spanish 10-year government bonds have been trading at yields above 6.8%, coming close to the 7% considered unaffordable. Mr Rajoy was speaking ahead of the EU [...] Telegraph By Ambrose Evans-Pritchard, International business editor 9:36PM BST 23 May 2012 591 Comments In a blunt warning to Athens, the Bundesbank said a Greek withdrawal from the eurozone would be disruptive but “manageable”, undermining claims by Greece’s radical anti-austerity leader, Alexis Tsipras, that Europe would not dare pull the plug. “When the Eurosystem provided Greece with large amounts of liquidity, it trusted that the programmes would be implemented and thereby ultimately assumed considerable risks,” said the [...] Telegraph Pressure on Greece increased dramatically on Wednesday night after Germany’s central bank called for a suspension of financial support to Athens and eurozone finance ministries agreed to draft contingency plans for a Greek exit from the euro. By Ambrose Evans-Pritchard, International business editor 9:36PM BST 23 May 2012 266 Comments In a blunt warning to Athens, the Bundesbank said a Greek withdrawal from the eurozone would be disruptive but “manageable”, undermining claims by Greece’s radical anti-austerity [...] A new study has found that 46 percent of all people have lied to their partner about money and one-third of all people believe that financial infidelity leads to sexual infidelity. The Today show’s website, Today.com, and SELF magazine jointly surveyed their thousands of website visitors on all questions of dishonesty for their ‘Financial Infidelity’ report. The analysis of their collective 23,000 responses was released this Tuesday, revealing how what couple’s have in [...] A Look At This Week’s Show: About the Guest: Ambrose Evans-Pritchard is International Business Editor of The Daily Telegraph. He has covered world politics and economics for 30 years, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, [...]
A Look At This Week’s Show: About the Guest: Ambrose Evans-Pritchard is International Business Editor of The Daily Telegraph. He has covered world politics and economics for 30 years, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, [...] telegraph.co.uk By Ambrose Evans-Pritchard, International Business Editor 7:00PM GMT 11 Mar 2012 The global liquidity cycle has already rolled over. Assuming that no fresh action is taken, world economic growth will peak within a couple of months and then fade in the second half of the year - with grim implications for Europe’s Latin bloc. Monetarists have had a good run during the Great Recession, and were quick to spot the turn-around in the US economy in mid-2011. By Ambrose [...] BARRY CHIN/GLOBE STAFF Bank of America chief executive Brian Moynihan said he never expected the economy would take so long to recover and that unemployment would go so high. “It’s just been a long effort to pull through this,’’ he said. From Boston Globe: Next month Brian Moynihan will have served two years as the chief executive of Bank of America Corp. Moynihan, who joined the bank after it acquired FleetBoston, spoke recently with [...] He goes on to say the risk they are storing up multiplies the consequences of any default as all risk is now taken on by the nations and any collapse will be even bigger. He also says as it is unsustainable that a ‘credit crunch II’ is now “inevitable” and there will be no means of propping up the financial system left when it happens: When banks can’t borrow, they can’t [...] (BBC News) The government will accept the Vickers report into banking “in full”, Business Secretary Vince Cable has told the BBC. The report, launched in the wake of the financial crisis, recommended separating banks’ retail business from their investment business. Mr Cable said the government would proceed with separating the banks. But the recommendation about the amount of capital banks should hold has been diluted, the BBC has learned. The chancellor will address MPs [...] Italian debt interest rockets beyond 7% as Italy’s economy (8th largest by GDP in the world) collapses: Italy’s cost of borrowing has touched a new record, a day after Prime Minister Silvio Berlusconi said he would resign once budget reforms are passed. The yield on one-year government bonds reached 8.15%, the highest since the euro was founded in 1999. The debt was pushed up as a clearing house asked for a larger [...] The good news is that MF Global isn’t big enough or connected enough for its collapse to risk serious damage to the financial system. It is a medium size broker, with a leading position in futures, which was in the process of being turned into a mini Goldman Sachs by its prominent chairman, Jon Corzine – who, as it happens, was chairman of Goldman for much of the 1990s (before a [...] The good news is that MF Global isn’t big enough or connected enough for its collapse to risk serious damage to the financial system. It is a medium size broker, with a leading position in futures, which was in the process of being turned into a mini Goldman Sachs by its prominent chairman, Jon Corzine – who, as it happens, was chairman of Goldman for much of the 1990s (before a [...] 21.40 Barely 16 hours after Sarkozy stood in front of the cameras and told the world that all was going to be ok for Greece, international business editor Ambrose Evans-Pritchard says it’s not Greece, or even Italy we need to worry about. It’s Portugual. He writes: Monetary contraction in Portugal has intensified at an alarming pace and is mimicking the pattern seen in Greece before its economy spiralled out of control, raising concerns that the EU [...] BBC Business Editor Robert Peston, the one who was one of the first to suggest Lehman was about to collapse, also the Libor rate was set to lead to inability to get cash from banks, also the collapse of Northern Rock and of RBS requiring virtual nationalisation with incredible bailouts, he’s saying on BBC and Twitter that Greece economy is about to collapse, requires another bailout imminently, the EU supposed [...] Rupert Murdoch arrived in the UK on Sunday to handle the crisis Evidence has been found suggesting the News of the World paid a royal protection officer for contact details of senior members of the Royal Family. E-mails include requests for sums of around £1,000 for details of the royals, their friends and family, BBC business editor Robert Peston reports. The e-mails were uncovered by News International in 2007 [...] Sarkozy and French banksters pledge to help Greece with ‘30-year bailout’ in return for imposing and as long as they can maintain and enforce severe austerity for generations onto the Greek people: French President Nicolas Sarkozy says his country’s banks would help Greece by giving it 30 years to repay. France’s Figaro newspaper said banks are ready to relend – or roll over – 70% of loans they hold. The [...] BBC Business editor Robert Peston well known for giving balanced and analytical accounts as he did at the time of Lehman’s. He says Greek default would be a good deal worse than Lehman’s crash for the entire global economy. The article examines many ramifications, including bankster exposure, dropping out of the Euro, not repaying debt, including the cost of debt and borrowing to all struggling other European countries, multiplied if [...] THE EUROZONE IS IN BAD NEED OF AN UNDERTAKER —The EU’s Franco-German “Directoire” and the European Central Bank have between them ruled out all plausible solutions to the eurozone’s debt crisis.— By Ambrose Evans-Pritchard, International Business Editor 7:21PM GMT 12 Dec 2010 There will be no Eurobond, no increases in the EU’s €440bn (£368bn) rescue fund, and no mass purchases of Spanish and Italian bonds by the ECB. [...] by LFM His analysis on the developments in Ireland’s financial and economic crisis includes an interview with Ireland’s central bankster with business editor interpreting it as indicating the Irish central bank has already had to supply money to the banks to keep them afloat and a large proportion of the bailout is to give a big chunk directly to the banksters. He also goes on to say that Portugal and Spain [...] BBC business editor says countries are keener to cut spending in an attempt to try to cut debt and impose taxes and austerity on their populations than to curtail banksters and banksters are suggesting they have a long period of time to introduce any rule changes perhaps a decade or so: As European banks are already at risk by sovereign defaults, banksters are concerned that at any new rules may put [...] BBC Business editor, the one who in the UK exposed Northern Rock, RBS and Halifax banking collapses and bailouts by UK government and how UK also provided quantitative easy borrowing money to try to support the collapsing economy like the US has also attempted, or rather UK copied the US way of borrowing to inflate the economy and for bailouts. He says the current situation of Western governments is that [...] 05/28/2010 In Europe, country after country are now having to impose austerity and even severe austerity on their populations in an attempt to start paying off the interest charged for all the borrowing built up by bailing out the banksters and providing quantitative easing, however many countries have gone too far into debt and risk sovereign defaults. The BBC article breaks down the latest austerity measures now hitting Greece, Italy, Spain, Portugal, [...] Unlike a stimulus package, this money does absolutely nothing to promote economic growth. This is the same nonsense that the the Obama administration pulled, so they could pay off all the unions. This is absolutely wasted money, and outright theft by the Greek government. Just wait and see, as Portugal, Spain, and probably Italy as well come forward to “tear their lion’s share from the carcass.” This rally is an [...] Disagreements in Europe between countries start to appear and stalls plans for an EU fund, to prop up the Euro, as well as debate as to whether the fund is too small to stop a financial system collapse, that they have been trying to put in place before the markets open Monday: http://news.bbc.co.uk/1/hi/business/8670553.stm http://www.reuters.com/article/idUSLDE64803B20100509?type=marketsNews It appears that UK was ordered late Saturday night to bailout Greece, but now emergency meetings are taking place, [...] http://news.bbc.co.uk/1/hi/business/8633455.stm BBC business editor, the one who first announced the Northern Rock banking collapse reports in the last couple of hours, IMF to introduce bank tax for future bailouts. He says he’s got a detailed copy of the proposals and reckons the implications could be a lot bigger than most people think and be enormous globally: http://www.bbc.co.uk/blogs/thereporters/robertpeston/2010/04/imf_wants_two_big_new_taxes_on.html He also reports on Goldman Sacs being investigated for fraud in the UK: - [...] http://www.bbc.co.uk/blogs/thereporters/robertpeston/2010/04/the_implications_of_goldmans_d.html Goldman Sachs could owe UK tax payers $841m payment used as part of the fraud relating to dealings with Paulson & Co hedge fund: BBC Business editor’s blog: UK Prime minister Gordon Brown calls for a special investigation into Goldman Sachs: |
Custom Search
    |
||||
|
Copyright © 2013 InvestmentWatch - All Rights Reserved |
|||||
Barclays Bank today pays out over £1.5 billion ($2.4 billion) in bankster bonuses an dare to pay out over £2.15 billion ($3.3 billion) or over half of the entire bank profits in bankster bonuses for the year:
Barclays has reported a 3% fall in profits to £5.9bn for last year, hit by a slowdown at its investment bank arm.
The bank also said the bonus pool at the investment banking division was down 32% to £1.5bn in 2011.
Chief executive Bob Diamond declined to discuss his own bonus during a news conference.
But senior executives will see bonuses cut about 48%, which BBC business editor Robert Peston says would [...]