Tag Archives: UBS

Friedrich List Weighs in on Swiss Franc-Euro Decoupling

Jan. 15, 2015 (EIRNS) — Briefed on the Swiss decision today to decouple the national currency from the euro, Friedrich List had the following to say: “I would not worry about repercussions on Swiss exports. The Swiss franc will of … Continue reading

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FDIC Sues 16 Mega-Banks and British Banks’ Association Over LIBOR Interest-Rate Rigging

On Friday the Federal Deposit Insurance Corporation filed suit against 16 of the world’s mega-banks, and against the British Banks’ Association, for colluding to rig the interest-rate-reference figure, the Libor (London Interbank Offered Rate). This action follows many other lawsuits … Continue reading

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Italy On The Move To Crush Banksters

A series of claims and court cases against banks and rating agencies in Italy is the sign of a lynch-mob sentiment in the population. It is not an accident that those institutional actions occurred a few days after the vote … Continue reading

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Detroit “Swaps” were Illegal; Now, What About All the Others Across the Country?

The Detroit Free Press reported on Tuesday, that in the City of Detroit bankruptcy case, a trial on the issue of whether Judge Steven Rhodes will authorize pre-bankruptcy interest rate swaps deals was suspended, when the judge ordered the City’s … Continue reading

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UBS, Scared by Glass-Steagall, Announces Fake Pre-Emptive ‘Separation’

UBS, one of the two “Too Big To Fail” Swiss banks, with a balance sheet over twice the Swiss GDP, is apparently scared by the SP-SVP initiative for bank separation, so that it came out with its preemptive fake scheme, … Continue reading

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Detroit City Council Points Finger of Blame in the Right Direction

By unanimous vote yesterday, the Detroit City Council rejected a proposal by emergency manager Kevyn Orr that would settle a financial deal that has cost the city hundreds of millions of dollars. In doing so, the council is taking aim … Continue reading

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Swiss Author Gian Trepp: Our Anti-Oligarchical Tradition Is the Basis for Glass-Steagall

On October 16, Swiss book author and journalist Gian Trepp called on Swiss leaders to stick to the Swiss anti-oligarchical historical tradition as basis for a Glass-Steagall-like banking reform. Trepp responded to an article in the Swiss financial daily Neue … Continue reading

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