Tag Archives: Financial Times

The logo at this Swiss petrol station is clean, but the Shell name is linked to two criminal investigations involving Swiss bank accounts. (Keystone) - Click to enlarge Royal Dutch Shell has filed a criminal complaint against a former employee it suspects of stashing kickbacks from the sale of a Nigerian oil field in Swiss bank accounts. The energy company is already being investigated over another deal...

Financial service firms in London are preparing for the impact of Brexit. (Keystone) At the same time as big global banks are considering alternatives to London in the wake of the Brexit vote, Swiss newspaper Le Matin Dimanche reports, financial institutions are also recruiting new staff in the City. Rather than in commercial banking, however, these employees specialise in private wealth management. Here “the...

An article in February on BullionStar’s website titled “A Chink of Light into London’s Gold Vaults?” discussed an upcoming development in the London Gold Market, namely that both the Bank of England (BoE) and the commercial gold vault providers in London planned to begin publishing regular data on the quantity of physical gold actually stored in their gold vaults. Critically, this physical gold stored at both the Bank...

  Two of many symptoms of the much-bewailed “populist backlash”… Image via economyincrisis.org Rolling Back 200 Years of Growth BALTIMORE, Maryland – The press reported mixed financial news on Thursday. House sales, oil, unemployment figures… up, down… the news left investors puzzled. Stocks went mostly nowhere. But amid the confusing noise was the sound of an alarm: “Fall in U.S. productivity sparks fears of populist backlash as wages stagnate,” says a lumbering headline in the...

Geniuses in Charge BALTIMORE, Maryland – Is there any smarter group of homo sapiens on the planet? Or in all of history? We’re talking about Fed economists, of course. Not only did they avoid another Great Depression by bold absurdity…giving the economy more of the one thing of which it clearly had too much – debt. They also carefully monitored the economy’s progress so as to avoid any backsliding into normalcy. And where do we get this penetrating appraisal? From the Fed economists...