#banking cabal

Year-End Gold and Bitcoin Price Predictions from Regular Everyday People

Just recently, news.Bitcoin.com talked to a number of individuals and asked them to let us know what they think the price of bitcoin and gold will be by the year’s end. Rather than leveraging the typical predictions from experts, executives, and crypto luminaries, the post delves into the perspective of average people and what they think about the future value of these assets.

Back in May 2016,…

The Shadow War Between the Banking Cabal & the Global Alliance is Escalating

http://www.wakingtimes.com/2015/10/15/the-shadow-war-between-the-banking-cabal-global-alliance-is-escalating/ Phillip J. Watt, Contributor Waking Times It’s been a wild couple of months in economics and geopolitics. We’ve seen chess moves that have changed the dynamics in global power for the positive of humanity, as well as those which are only barely maintaining the status structure. It’s…

The U.S. government asked a federal appeals court on Thursday to block the release of a report detailing how HSBC Holdings Plc <HSBA.L> is working to improve its money laundering controls after the British bank was fined $1.92 billion.

In a brief filed with the 2nd U.S. Circuit Court of Appeals, the U.S. Department of Justice sought to overturn an order issued earlier this year by U.S. District Judge John Gleeson to make public a report by the bank’s outside monitor.

“Public disclosure of the monitor’s report, even in redacted form, would hinder the monitor’s ability to supervise HSBC,” the government’s court filing said, adding that bank employees would be less likely to cooperate with the monitor if they knew their interactions could be released.

HSBC concurred with the court’s finding. “HSBC also argues that the Monitor’s report should remain confidential, as have the Monitor, the UK Financial Conduct Authority, the US Federal Reserve and other HSBC regulators,” HSBC said in a statement. “The effectiveness of the monitorship is dependent on confidentiality.”

A senior manager at HSBC Holdings  has been arrested in New York and charged along with a former foreign exchange executive for engaging in a scheme to defraud one of the bank’s clients in a $3.5 billion currency transaction.

Mark Johnson, HSBC’s global head of foreign exchange cash trading in London, and Stuart Scott, the bank’s former head of cash trading for Europe, the Middle East and Africa, were charged with wire fraud conspiracy in a criminal complaint filed in federal court in Brooklyn, New York.

Johnson was arrested at John F. Kennedy International Airport on Tuesday night, a Federal Bureau of Investigation spokeswoman said. He is expected to appear in court on Wednesday afternoon. Scott has not been arrested.

Lawyers for the two men could not be immediately identified.

The case is related to a years-long U.S. Justice Department probe of foreign-exchange rigging at global banks, and marked the first time U.S. prosecutors had brought criminal charges against individuals, a person familiar with the matter said.

The probe led to four banks last year pleading guilty to conspiring to manipulate currency prices. HSBC was not part of those criminal cases, but in 2014 agreed to pay $618 million to resolve related probes by U.S. and British regulators.

A U.S. judge has agreed to delay the release of a report that says HSBC Holdings Plc “moved too slowly” to enhance its anti-money laundering compliance program following a $1.9 billion pact with the U.S. Justice Department.

U.S. District Judge John Gleeson in Brooklyn, New York, on Wednesday stayed the release while prosecutors and London-based HSBC appeal his January ruling requiring the unsealing of a report by a federal monitor appointed as part of a 2012 deferred prosecution deal.

Gleeson also agreed to redact parts of the January 2015 report by former New York prosecutor Michael Cherkasky to, among other things, minimize risks that criminals would exploit weaknesses in the anti-money laundering and sanctions compliance programs.

But Gleeson rejected many of HSBC’s proposed redactions as “over-inclusive.”

Two former JPMorgan Chase & Co bankers agreed to pay about $326,000 to settle U.S. Securities and Exchange Commission charges that they paid millions of dollars to close friends of Jefferson County, Alabama commissioners in order to win $5 billion of municipal bond and swap business.

Douglas MacFaddin and Charles LeCroy, who were JPMorgan managing directors, will pay a respective $201,224 and $125,149 to resolve the SEC civil fraud case, according to papers filed on Tuesday with the federal court in Birmingham, Alabama.

MacFaddin and LeCroy were accused of having in 2002 and 2003 directed more than $8.2 million of payments to friends of Jefferson County commissioners who owned or worked at local broker-dealers.

Neither defendant admitted wrongdoing. The settlement requires court approval. Lawyers for the defendants did not immediately respond on Wednesday to requests for comment.

Barclays has agreed to pay $14 million to settle litigation by holders of its American depositary shares that it conspired with rivals to rig the Libor benchmark interest rate, causing its share price to be inflated.

The preliminary accord filed in Manhattan federal court on Tuesday evening resolves claims that Barclays “turned a blind eye” before and after the financial crisis when its traders manipulated Libor to boost profits, and that senior management condoned the deception to enhance Barclays’ reputation in the marketplace.