@WSJ: Heard on the Street: Yearly reviews on Hong Kong's autonomy could become market events similar to the Treasury Department’s reports on international forex policies https://t.co/Jv1w88TuPh
@WSJ: Employees say the AmEx unit targeted smaller businesses because they’re less likely to have employees who closely track forex transactions https://t.co/4hXZrLKlnn
@WSJ: Employees say the AmEx unit targeted smaller businesses because they’re less likely to have employees who closely track forex transactions https://t.co/4hXZrLKlnn
Is case anyone needs reminding why we need a currency outside Banks' control--> WSJ: Bank of America to Pay $180 Million to Settle Investors’ Forex Lawsuit
Direct link: http://www.wsj.com/articles/bank-of-america-to-pay-180-million-to-settle-private-forex-lawsuit-1430340190 To bypass paywall: https://www.google.com/search?q=Bank+of+America+to+Pay+%24180+Million+to+Settle+Investors%E2%80%99+Forex+Lawsuit tl;dr The big banks colluded and rigged the currency markets. JP Morgan agreed to pay $100 million, UBS $135m, now Bank of America $180m, Citigroup and Barclays will settle soon. BNP Paribas, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Morgan Stanley and Royal Bank of Scotland are next. This is a private lawsuit. They've already paid billions to the US and UK governments for this shit last year. The perverted part is Bank of America says "cost of settlement will be covered by existing reserves", which to me translates to: "Don't worry folks, we're already stolen so much that we've alotted some for when we get caught" No this is not about bitcoin. It's about why we need bitcoin.
@WSJ: Japanese men, historically engaged in leveraged forex trading, are now dominating the cryptocurrency market, Deutsche Bank says https://t.co/AEqJthkS7f
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