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Tag: 2 Billion

How Big Banks Victimize Our Democracy

Yves Smith, creator and editor of the finance blog Naked Capitalism, and Matt Taibbi of Rolling Stone spoke with Bill Moyers about the continuing fallout of the economic crisis and the corruption, ignorance and collusion that guarantee the situation will not improve for most Americans.

Posted on Jun 26, 2012 READ MORE



deneyterrio (CC BY 2.0)

Mark Zuckerberg Just Lost $2 Billion

Mark Zuckerberg’s fortune dropped $2 billion Monday as shares of Facebook tumbled to $34.03, 11 percent below their initial public offering price of $38. The loss prompted analysts and buyers to wonder whether the company was overvalued at the $105 billion it gained on the day of its IPO.

Posted on May 21, 2012 READ MORE



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Trader Lost Billions for Swiss Bank

Swiss banking giant UBS said Thursday that a rogue trader had cost it approximately $2 billion in unauthorized trades. (more)

Posted on Sep 15, 2011 READ MORE


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