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Confirmation today that JPM is selling its physical commodity business ending the bank’s five-year foray into owning and storing raw materials. See this December CBC report for a reminder of what fraudulent antics the big banks have been up to … Continue reading →

Another day, another story of outrageous compensation being bonused out to bankers. See: Barlcays Bosses get $53.2 million in shares. “Barclays PLC on Tuesday said it gave £32 million ($53.2 million) in shares to a dozen of its top executives, … Continue reading →

Attorney General Eric Schneiderman has launched an investigation into whether U.S. stock exchanges and alternative venues provide high-frequency traders with improper advantages. [Answer: YES]. See: High-Speed Trading to face NY Probe into fairness. Investment banks and rapid-fire trading firms pay … Continue reading →