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Iceland does what the US won’t: 26 top bankers sent to prison for role in financial crisis

‘Businessman lighting cigar with $100 dollar bill’ [Shutterstock] Reykjavík, Iceland – In stark contrast to the record low number of prosecutions of CEO’s and high-level financial executives in the U.S., Iceland has just sentenced 26 bankers to a combined 74…

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Iceland sentences 26 bankers to a combined 74 years in prison

US Uncut James Woods | October 21, 2015 Unlike the Department of Justice, Iceland is focusing on prosecuting the CEOs rather than low-level traders. In a move that would make many capitalists’ head explode if it ever happened here, Iceland just…

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“Cronies and cheating the taxpayer”: MP targets RBS bank tax avoiders in share sell off

Common Space Michael Gray 6th November 2015 1:09 pm Call to halt bank sale in favour of reform rejected by UK Government UK MINISTERS decided to “wash their hands” of a tax evasion scandal in a subsidiary of the government-owned Royal…

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‘On the horizon’: UK on brink of ANOTHER catastrophic banking crash, warns insider

The Express  PUBLISHED: 12:02, Fri, Nov 6, 2015 | UPDATED: 16:43, Fri, Nov 6, 2015 BRITAIN’S banking industry has failed to learn a single lesson from the catastrophic crash that brought the economy to its knees, a senior industry figure…

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RBS Goodwin’s Ego Bigger Than The Ocean

Ian Fraser Author Of Shredded Classic over-reach as Goodwin boasted about RBS’s immensity The FactSheet compiled by Andrew Wilson in February 2006 pleased RBS chief executive Fred Goodwin as it put RBS’s financial success in context. But it was also incredibly…

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How Wall Street’s Bankers Stayed Out of Jail

The Atlantic William D Cohen September 2015 The probes into bank fraud leading up to the financial industry’s crash have been quietly closed. Is this justice? On May 27, in her first major prosecutorial act as the new U.S. attorney…

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RBS Doomed Claims Top Economist

Herald Scotland Reported by Ian Fraser Freelance correspondent Top economist claims Edinburgh will never recover from banking collapse fall-out EDINBURGH will never recover from the failure of its two largest banks at the height of the banking crisis in 2008,…

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‘Phantom phone call’ haunts mis-selling case

The Times James Hurley 4-11-2015 Bob Hamblin feels let down by the system after failing to win his case for redress Andrew Fox/The Times Company boss disputes Royal Bank of Scotland email evidence in his fight for compensationLike thousands of…

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RBS used ‘inaccurate’ documents for payouts

The Times James Hurley and Harry Wilson Last updated at 12:01AM, November 4 2015 Royal Bank of Scotland has been accused of using secret, flawed documents that could have influenced some compensation payouts to victims of the interest rate swaps…

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Bad News At Bailed Out RBS Just Keeps On Coming

Bloomberg Business Donal Griffin Ambereen Choudhury RBS Investment Bank’s Loss Almost Doubles Amid Overhaul Trading revenue declines amid `uncertain’ market conditions RBS chief McEwan is winding down parts of the division Royal Bank of Scotland Group Plc, Britain’s largest taxpayer-owned lender, said…

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