Banking, Finance & Services

IT services provider Fujitsu supplied faulty Horizon accounting software to the UK Post Office in 1999. Over 700 UK Post Office staff were prosecuted for allegedly stealing thousands of pounds sterling. Some committed suicide, others went to jail. Read More

Moti Group, a business conglomerate based in Johannesburg, tried to stop amaBhungane, a South African investigative news website, from reporting on leaked documents about an allegedly corrupt mining deal in Zimbabwe. A court-issued gag order was overturned on appeal in July 2023. Read More

Goldman Sachs bank is a top target of a major new investigation by the U.S. Securities & Exchange Commission (SEC) into the “greenwashing” of investment funds to fool investors. They aren't the only ones: Bank of New York Mellon and Deutsche Bank have also been investigated. At stake is the definition of what constitutes high ratings for 'environmental, social, and corporate governance' (ESG) funds which is not defined in U.S. law. Read More

Over 1,000 scientists from 25 different countries staged protests during the week of April 4-9 following the release of the new report by the Intergovernmental Panel on Climate Change (IPPC). The protesters, who call themselves the Scientist Rebellion, sought to "highlight the urgency and injustice of the climate and ecological crisis." Read More

Chuck Collins, author of "The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions," speaks by video with Pratap Chatterjee of CorpWatch about the Pandora Papers, and how a group of offshore consultancy firms design shell companies and trusts to help the very rich to avoid paying taxes. Read More

Millions of documents leaked to the International Consortium of Investigative Journalists (ICIJ) reveal offshore assets of over 30 world leaders, 130 billionaires and 330 politicians, via 14 firms that offer services to set up secrecy and tax dodging entities. ICIJ has named this data collection the Pandora Papers. Read More

JP Morgan, the Wall Street bank, has drawn condemnation from around the world of football, for agreeing to lend €4 billion for a 20 member European Super League that would effectively devastate the existing system of European football leagues. Read More

Three major global consulting firms - Boston Consulting Group, McKinsey Consultants & PricewaterhouseCoopers - have been implicated in helping Isabel dos Santos, daughter of the former president of Angola, become a billionaire allegedly by plundering state coffers. Read More

The city of Denver, Colorado, recently voted 8-4 not to renew $10.6 million in contracts with CoreCivic and Geo Group, the two largest prison contractors in the U.S. The vote was a response to local concerns over human rights abuse at for-profit prisons and undocumented migrant detention centers. Read More

Wells Fargo bank, based in San Francisco, California, has agreed to pay the Navajo Nation $6.5 million for its alleged predatory business tactics. The bank was accused of targeting vulnerable members of the Navajo community, including elderly people who did not speak fluent English, with predatory banking practices. The Navajo Nation is the largest government recognized Native American indigenous community with over 350,000 members and a territory that encompasses lands in Arizona, New Mexico and Utah. It has an elected government and its own judicial system. Read More