Below is a current snapshot of the international monetary system and how legal complaints may ultimately unravel the current global financial cartel
Should we expect more banker deaths as the criminal elite rid themselves of the weaker members and potential snitches? ~Ron
Out of Ammo? The Eroding Power of Central Banks
The skyline of Frankfurt with the new ECB building in the background: “Exhausting the policy room for manoeuver.”
Since the financial crisis, central banks have slashed interest rates, purchased vast quantities of sovereign bonds and bailed out banks. Now, though, their influence appears to be on the wane with measures producing paltry results. Do they still have control?
Once every six weeks, the most powerful players in the global economy meet on the 18th floor of an ugly office building near the train station in the Swiss city of Basel. The group includes United States Federal Reserve Chair Janet Yellen and her counterpart at the European Central Bank (ECB), Mario Draghi, along with 16 other top monetary policy officials from Beijing, Frankfurt, Paris and elsewhere.
The attendees spend almost two hours exchanging views in a debate chaired by Bank of Mexico Governor Agustín Carstens. Waiters serve an exquisite meal and expensive wine as the central bankers talk about the economy, growth and market prices. No one keeps minutes, but the world’s most influential money managers are convinced that the meetings help expand their knowledge in important ways.
Kirch Settlement: Deutsche Bank’s Ongoing Legal Woes
A settlement has been reached in the 12-year legal battle between the heirs of the late media mogul Leo Kirch and Deutsche Bank. But Germany’s largest lender hasn’t seen the last of its legal headaches.
Achleitner, Fitschen and his co-head Anshu Jain also know that the settlement does not mark the end of the drama. The supervisory board will have to take recourse against Breuer for damages. The board might do its best to reach an agreement quickly, but the outcome is by no means a given. Bank sources say that erstwhile associates of Breuer, including former SAP head Henning Kagermann, still stand by him.
Nor can Deutsche Bank’s board take the support of its shareholders for granted. A few investor representatives are already grumbling that it hardly need have taken so long to reach such a costly settlement.
Lawsuit: CME aided high-frequency traders
Three traders have accused the world’s largest futures market of letting high-frequency traders get an improper advance look at price and market data and execute trades using the data before other market participants.
In a federal lawsuit seeking class-action status, the traders alleged that the CME Group secretly maintained the practice from 2007 through this month and financially victimized an untold number of market participants by engaging in “a fraud on the marketplace.”
The traders charged that CME, owner of the Chicago Mercantile Exchange and Chicago Board of Trade, falsely assured all market participants that their exchange fees and data-fees gave them access to financial data “in real time.”
But high-frequency traders, equipped with powerful computing equipment that can receive and execute trades on financial data in tiny fractions of a second, got the market information before anyone else, according to the April 11 lawsuit filed in the Northern District of Illinois.
The lawsuit was filed on behalf of futures traders William Braman, Mark Mendelson and John Simms, but seeks class-action status to represent other market participants allegedly damaged by preferential treatment of high-frequency trading.
The action accuses the CME Group of fraud, fraudulent concealment, market manipulation and disseminating false information. It seeks unspecified compensation for financial damages.
Hagens Berman Reminds Investors of May 13, 2014, Lead Plaintiff Deadline in Geron Securities Class Action
April 9, 2014
Berkeley, Calif. – Hagens Berman Sobol Shapiro LLP a national investor-rights law firm, is investigating Geron Corporation (NASDAQ: GERN) (“Geron” or “the Company”) for securities fraud following allegations that the company distributed false and misleading statements to investors concerning its business and prospects, and advises investors of the May 13, 2014 lead plaintiff deadline. Investors who have suffered significant financial losses, and who want to discuss their options, can contact Hagens Berman Partner Reed Kathrein, who is leading the firm’s investigation, by emailing Geron@hbsslaw.com or by calling 510-725-300
The securities fraud class-action lawsuit, filed on March 14, 2014, on behalf of investors who purchased Geron stock between June 16, 2013 and March 11, 2014 (the “Class Period”), alleges that the company failed to disclose key information to its investors regarding the halting of its sponsored clinical trials by the FDA.For more information about the suit, visit http://hb-securities.com/investigations/Geron.
BNP Banker, His Wife And Nephew Murdered In Belgium
In the beginning it was banker suicides. Then about two weeks ago, suicides were replaced by outright murders after the execution-style killing of the CEO of a bank in otherwise sleepy (and tax evasive) Lichtenstein by a disgruntled client. Then on Friday news hit of another execution-type murder in just as sleepy, if not so tax evasive, Belgium, where in the city of Vise, a 37-year-old Director at BNP Paribas Fortis was murdered alongside his wife and a 9 year old nephew in a premeditated and orchestrated drive-by shooting.