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ANDREW GAVIN MARSHALL – BANK CRIMES PAY: UNDER THE THUMB OF THE GLOBAL FINANCIAL MAFIOCRACY

ON NOV. 13, THE UNITED KINGDOM’S SERIOUS FRAUD OFFICE (SFO) ANNOUNCED IT WAS CHARGING 10 INDIVIDUAL BANKERS, WORKING FOR TWO SEPARATE BANKS, DEUTSCHE BANK AND BARCLAYS, WITH FRAUD OVER THEIR RIGGING OF THE EURIBOR RATES. THE LATEST ANNOUNCEMENT SHINES THE SPOTLIGHT ONCE AGAIN ON THE SCANDALS AND CRIMINAL BEHAVIOR THAT HAVE COME TO DEFINE THE WORLD OF GLOBAL BANKING. To date, only …

Big Bank ‘Crime of the Century’ Results in Guess What? No Jail Time for Anyone – Deirdre Fulton

While corporate watchdogs hailed the record $2.5 billion settlement paid by Deutsche Bank to U.S. and U.K. authorities for its rate-rigging role in the massive LIBOR scandal, some noted that the fine—while large—suggests that some institutions are still considered “too big to jail.” Authorities announced Thursday that Germany’s biggest bank would pay $2.5 billion in penalties, a record for cases involving interest …