Money & Politics

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

Over 100 consumer groups are calling on the U.S. Congress to ignore demands from business lobby groups - like the National Association of Manufacturers, the National Federation of Independent Business, and the U.S. Chamber of Commerce - to enact laws guaranteeing corporations blanket immunity from coronavirus pandemic lawsuits. Proposals for such a law have been making the rounds for over a month. Read More

Billionaire businessmen and lobbyists are lining up to help Donald Trump after his victory in the U.S. presidential election. Trump appears to be welcoming them with open arms, despite his claim to bring change to Washington DC and get rid of special interests. Read More

UBS, the Swiss bank, is being investigated by the Hong Kong Securities and Futures Commission for failing to carry out adequate due diligence before working on share offerings for several Chinese companies. The bank says that it is at risk of being suspended from doing business in the city. Read More

Activists have condemned Credit Suisse and VTB of Russia for lending $850 million to Mozambique in 2013 that was used mostly to buy military equipment, despite telling the public that the money would be used to buy fishing boats. Read More

The South African government has intervened to support the Indian-born Gupta brothers, owners of a sprawling conglomerate with interests from mining to media, following a scandal that suggested that the brothers had accumulated so much power that they could dictate cabinet-level decisions in the country. Read More

Did a few individual traders in London conspire to rig global interest rates in order to enrich themselves or were they just pawns in an ongoing conspiracy by major banks designed to routinely skim billions from the international financial system? Read More

Almost none of the huge amount of money "loaned" to Greece has actually gone there, writes Joseph Stiglitz, former World Bank chief economist. CorpWatch's EuroZone Profiteers report sheds light on how some of it was used to pay off bad loans made by private-sector banks in France and Germany. Read More

The majority of the U.S. Congress took no action at all in 2014 in favor of holding corporations accountable and reining in corporate power - scoring a zero on the newly released Corporate Accountability Coalition (CAC) Congressional Report Card. Read More