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Financial Services, Insurance and Banking

Banks, investment firms, insurance companies are integral to the operation of every industry we cover. They are the nervous and circulatory systems of the corporate world. In a world where everything - even a human life - can be assigned a monetary value; where limitless money and great risk intersect, lies opportunity for greed, corruption, and fraud.


Argentina and Belgium Accuse HSBC of Aiding Tax Evasion
by Pratap ChatterjeeCorpWatch Blog
November 28th, 2014
Argentina and Belgium have separately accused HSBC bank's Geneva branch of setting up a network of offshore accounts to help their citizens avoid paying billions of dollars in taxes. The charges are apparently based on a trove of documents provided by Hervé Falciani, a former HSBC employee turned whistleblower.

Major Banks Prepare to Pay Billions For Foreign Exchange Manipulation
by Richard SmallteacherCorpWatch Blog
October 31st, 2014
Multinational banks are preparing to pay out billions of dollars in fines to settle charges of foreign exchange manipulation. Some 19 investigations in ten different legal jurisdictions are now winding their way to completion and analysts says the final tally may hit $41 billion.

Federal Regulators Failed to Police Goldman Sachs, Says Whistleblower
by Pratap ChatterjeeCorpWatch Blog
September 26th, 2014
Carmen Segarra, a former senior examiner with the Federal Reserve Bank of New York, has revealed how government regulators failed to adequately police Goldman Sachs, the Wall Street investment bank. (The Federal Reserve is the central banking system of the U.S. chartered by Congress to supervise private banks)

Bank of America to Pay $16.65 Billion to Settle Mortgage Fraud Charges
by Pratap ChatterjeeCorpWatch Blog
August 21st, 2014
Bank of America has agreed to pay the government $9.65 billion to settle charges of misleading investors over mortgage lending in the run up to the 2008 financial crisis. The bank will also pay out an additional $7 billion to help borrowers and communities affected by the loans.

Argentina Loses Court Appeal Against “Vulture” Fund Manager Paul Singer
by Pratap ChatterjeeCorpWatch Blog
June 20th, 2014
Paul Singer, the billionaire hedge fund manager, has claimed victory in a lawsuit to force Argentina to fork out almost 17 times more than he paid to buy bonds issued by the country.

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