Elizabeth Warren Takes Aim at Department of Justice

Kevin Wack and Jesse Eisinger / ProPublica Aug 20, 2019 In a scathing letter to Attorney General William Barr, the Democratic hopeful blasts settlements that let big banks "evade accountability." Dig deeper ( 4 Min. Read )

Wall Street Wrongdoing May Go Unpunished With Trump’s Pick to Lead the SEC (Video)

Eric Ortiz / Truthdig Apr 18, 2017 Jay Clayton represented big banks and corporations as a law partner at Sullivan & Cromwell. At the Securities and Exchange Commission, he will be expected to police such companies. Dig deeper ( 2 Min. Read )

Reinstated Lawsuit Could Bankrupt Bank of America and Other Major Banks

Staff / Truthdig May 25, 2016 Judges warn that a lawsuit accusing 16 major banks of colluding to manipulate interest rates could bankrupt the institutions responsible for the crash that debilitated the global economy in 2008. Dig deeper ( 2 Min. Read )

Five Big Banks Pleading Guilty to Felony Charges Will Continue Business as Usual

Alexander Reed Kelly / Truthdig May 14, 2015 “For most people, pleading guilty to a felony means they will very likely land in prison, lose their job and forfeit their right to vote,” writes Dealbook at The New York Times. Dig deeper ( 2 Min. Read )

Researchers Suggest Banks Might Be Rigging Gold Prices

Staff / Truthdig Mar 6, 2014 Gold has drawn glowing praise in the last six years or so, since the onset of the recent recession -- and now, according to a duo of researchers, it ought to be the subject of a different kind of attention that calls into question the way its price is set. Dig deeper ( 2 Min. Read )

Barclays to Ax Thousands of Jobs

Alexander Reed Kelly / Truthdig Feb 12, 2013 The new chief executive of the British bank is aiming to clean up his scam-ridden operation by dropping 3,700 employees from its structured capital markets unit and other offices. Dig deeper ( 1 Min. Read )

1,200 New Coal Power Plants Planned Worldwide

Alexander Reed Kelly / Truthdig Nov 20, 2012 Despite warnings from scientists and environmental groups that global warming will be unstoppable if carbon emissions do not peak within a few years, 59 countries, led by China and India, are planning to expand their coal-powered energy sources. Dig deeper ( 2 Min. Read )

Bill Moyers Talks Greedy Banks

Tracy Bloom / Truthdig Jul 16, 2012 The Libor scandal involving U.K.-based Barclays bank is just the latest illustration of greed in the financial sector, says Bill Moyers. Dig deeper ( 1 Min. Read )

U.S. Buckles Down on Rate-Fixing Case

Alexander Reed Kelly / Truthdig Jul 16, 2012 The U.S. Justice Department has identified potential crimes committed by several big banks -- including Barclays -- and their employees amid a global investigation into the Libor scandal, in which financial institutions allegedly rigged interest rates. Dig deeper ( 1 Min. Read )

Fed, Geithner Knew of False Libor in 2008

Tracy Bloom / Truthdig Jul 14, 2012 The Federal Reserve and the U.S. government knew back in 2008 that Barclays was filing false reports about Libor, the interest rate that international banks charge one another for short-term loans, according to documents released Friday. Dig deeper ( 1 Min. Read )

Barclays Libor Scandal

Pat Bagley, Cagle Cartoons, Salt Lake Tribune Jul 13, 2012 Dig deeper

‘Left, Right & Center’: Middle-Class Blues

Staff / Truthdig Jul 7, 2012 The U.S. economy added 80,000 jobs in June -- well short of what experts say it will take to pull the country out of its employment slump. The euro and world markets fell on that news while London's banking scandal keeps spreading. Dig deeper ( 1 Min. Read )