Four Big Banks Plead Guilty To Rigging Global Currency Markets

CP | Ken Sweet And Eric Tucker, The Associated Press | Posted 05.20.2015 | Canada Business

WASHINGTON — Four global banks agreed Wednesday to pay more than $5 billion in penalties and plead guilty to rigging the world's currency market, th...

Suddenly, Canadian Banks Don't Look All That Safe

CP | The Canadian Press | Posted 04.01.2015 | Canada Business

TORONTO - Barclays has downgraded the stocks of three of Canada's biggest banks, citing concerns about the country's economic growth.Analyst John Aike...

Why We're Losing Our Faith in Capitalism

Diane Francis | Posted 09.12.2012 | Canada Business
Diane Francis

Another sordid example of banksterism -- money laundering -- surfaced this week accompanied, not surprisingly, by a blistering global poll that shows faith in capitalism is shrinking. The HSBC (Hong Kong and Shanghai Bank Corporation), the largest financial institution in Europe, revealed "major internal-control problems" and plans to apologize for its lapses next week to members of a U.S. Senate subcommittee into terrorist and trafficking money laundering.

The Barclays Scandal is in Fact Every Bank's Scandal

Ike Awgu | Posted 09.04.2012 | Canada Business
Ike Awgu

Canadians have yet another reason to be wary of bankers: A scandal is brewing across the pond in the United Kingdom that may have serious international effects on consumer confidence in the financial system. No, seriously, this affects everyone from retirees to kids trying to pay off student debt.

Barclays Rate-Fixing Scandal Reaches Into U.K. Government

CP | Robert Barr, The Associated Press | Posted 09.02.2012 | Canada Business

LONDON - The former boss of Barclays, who lost his job over a financial market-fixing scandal, said Wednesday that a Bank of England official had not ...

Barclays Chief Quits Amid Scandal

CP | Robert Barr, The Associated Press | Posted 09.01.2012 | Canada Business

LONDON - Barclays Chief Executive Bob Diamond quit his job Tuesday, the biggest scalp in a financial markets scandal that has also seen the chairman a...

The Global Power Conspiracy -- Now With Scientific Proof?

The Huffington Post Canada | Daniel Tencer | Posted 12.24.2011 | Canada Business

A Swiss study appears to have uncovered what anti-capitalist activists have been claiming for years -- that the global economy is controlled by a smal...

HuffPost Exclusive: Sharia Banking Goes Bankrupt

Tarek Fatah | Posted 12.17.2011 | Canada Business
Tarek Fatah

The leading promoter of Sharia banking in Canada, UM Financial Inc. has gone into receivership. The consequences of this bankruptcy may effect thousands of Muslim homeowners. The troubles at UM Financial did not come overnight

Oil Sputters: Down $30 Per Barrel In 3 Months

CP | Posted 10.08.2011 | Canada Business

NEW YORK, N.Y. - Oil prices fell over $3 to near US$83 a barrel Monday after Standard & Poor's downgraded the U.S.'s credit rating — a blow to confi...