Data centers in New Jersey that provide huge banks of remote computer storage, which require enormous amounts of electrical power and ultrafast fiber optic links, are commanding rents four times as high as prime high-rises in Manhattan, James Glanz reports in The New York Times. … Read More
Nordea tracked clients in secret ‘black book’
One of Sweden’s biggest banks kept a secret registry with thousands of names of people described as “jokers” and “gangster accountants” in what is being called a “black book” of clients the bank didn’t want to do business with. … Read More
Concern over Indonesia property boom burst
http://www.youtube.com/v/V-btWuay6wE?version=3&f=videos&app=youtube_gdata Link to original: Concern over Indonesia property boom burst
Should students pay the same interest rates as big banks?
http://www.youtube.com/v/PuDeoIig1vk?version=3&f=videos&app=youtube_gdata More here: Should students pay the same interest rates as big banks?
Warren’s proposal: Offer college students the same interest rates as banks
Sen. Elizabeth Warren (D-MA) introduced a bill on Wednesday that would give college students the same interest rates on their federal student loans as banks do when borrowing from the Federal Reserve. “If the Federal Reserve can float trillions of dollars to large financial institutions at…
Jon Stewart blasts lack of real punishment for big banks’ wrongful foreclosures
On his show Tuesday night, The Daily Show host Jon Stewart ripped major banks for wrongfully foreclosing on a stunning number of Americans. He noted that although the banks pulled trillions of dollars out of the economy, they had no fear of law enforcement. Their only punishment was paying a…
New York attorney general: Banks have no fear of law enforcement
New York Attorney General Eric T. Schneiderman on Monday suggested that big banks were not afraid of skirting the law because they didn’t believe law enforcement would target them. But he plans to change that. Schneiderman announced a lawsuit against Wells Fargo and Bank of America earlier in…
