The countdown to financial doom is still alive and well, as today Standard & Poor’s revealed that it was slashing the ratings of 5 banks in Spain. Spain’s central bank has identified about €300 billion in problem loans at the nation’s banks, the result of a housing bubble formed by cheap credit. Massive bank bailouts [...]

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Here are your top business and financial news headlines for May 18, 2012: – Bad debts held by Spanish banks jumped to a 17-year high in March – Market turmoil over Eurozone could last another 12-24 months – U.S. imposes tariffs on Chinese-made solar cells – Chinese auto dealerships struggling with rising number of unsold [...]

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Here are your top business and financial news headlines for May 17, 2012: – After losses at JP Morgan Chase, the White House seeks to toughen banking regulations – Verizon Wireless to end unlimited data plans – Several firms stop accepting orders for Facebook shares – Sprint Nextel thinks U.S. regulators are open to major [...]

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If the dawn of the Occupy movement around the world hasn’t convinced you that the few control the many, then perhaps this video will help wake you up. Once a year, the world’s elite businessmen, politicians, military experts, and media moguls gather at the annual Bilderberg conference behind closed doors to discuss how to further [...]

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Here are your top stories for this Wednesday evening, May 16, 2012: – House Hearing on bank rules – Mississippi gunman possibly dressed as police officer – Mitt Romney wins two primaries – John Edwards doesn’t take stand as defense rests Incoming search terms:coast guard kodiak shootings

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Clearly, you can’t just lose $2 billion without someone wanting heads to roll, and rightfully so. The FBI has opened an investigation into the multi-billion-dollar trading losses at JPMorgan Chase, increasing pressure on the bank after key U.S. agencies said they were also looking into the high-risk trades that drew regulators’ attention in April. The [...]

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It’s on. The financial doom and gloom that’s been predicted for months, and perhaps years, is starting to rear its head – beginning in Europe. Greek depositors withdrew €700 million ($898 million) from local banks Monday, according to President Karolos Papoulias, as he warned that the situation facing Greece’s lenders was very difficult. Papoulias said [...]

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That massive $2 billion trading loss at JPMorgan Chase will claim its first casualty at the bank early this week, as CEO Jamie Dimon is reportedly ready to accept the resignation of the exec who oversaw the trade, Ina Drew. Drew, 55, has worked at the company for thirty years and is the current chief [...]

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Something big is about to go down in Charlotte, North Carolina. The 99 percent are preparing to Occupy Bank of America‘s corporate headquarters ahead of the company’s annual shareholder meeting on Wednesday. Members of the 99% Power Coalition say they’re expecting close to 1,000 people to arrive in Charlotte to protest B of A’s foreclosure [...]

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Maybe it’s because I’m about 20 percent Sioux Indian, but this might be my new favorite meme. Suffice it say that unimpressed American Indian is unimpressed.     Incoming search terms:unimpressed indianamerican indianIndian memeforeclosure meme indianamerican indian meme

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Today, the World Bank named Jim Yong Kim, a global health expert and president of Dartmouth College, as its next president after an unprecedented competition against nominees from Nigeria and Colombia. In a statement Monday afternoon, the bank board said it had chosen Kim as the institution’s 12th president to succeed Robert Zoellick when his [...]

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Here are your top financial news headlines for Tuesday, April 3, 2012: – People’s Bank of China Gov. Zhou Xiaochuan says world hasn’t emerged from financial crisis – SEC examining Groupon’s revision of financial results – Potential downgrades of banks by Moody’s, including Morgan Stanley and UBS, could push more business to JP Morgan Chase [...]

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