What's Inside America's Banks?

Some four years after the 2008 financial crisis, public trust in banks is as low as ever. Sophisticated investors describe big banks as “black boxes” that may still be concealing enormous risks—the sort that could…

Are Big Banks Criminal Enterprises?

Big Banks Don’t Commit Any Crimes … Do They? Here are some recent improprieties by the big banks: Laundering money for drug cartels. See this, this, this and this (indeed, drug dealers kept the banking system afloat during the depths of the 2008…

JP Morgan Scandal: The Tip of the Iceberg

JPMorgan Chase, the biggest US bank by assets, announced Friday that the trading loss from derivatives bets made by its Chief Investment Office (CIO) had reached $5.8 billion, nearly three times the amount the company…