US banks clean dirty Mexican drug moneyUS banks — including Bank of America and Wachovia — have blatantly laundered illicit funds from the Mexican drug war for years, helping to cleanse the dirty cash.
Wells Fargo
US banking basket case: not much left in the Citi kitty
Lumbering banking giant Citibank lost $US1.6 billion last year — peanuts really compared to the still-shocking $US27.7 billion lost in 2008.
Calling bull on the banks
Many of the big US banks — Citigroup and Wells Fargo — are withdrawing from the government stimulus package, so as to limit government control. Little has changed on Wall St, says John Gapper, so can we call the GFC bailout a success?
Morning Market Report: US market reverses in the last hour
The US market reversed in the last hour last night, with Wall St falling 92. The local market is down 3, but the Aussie dollar is up to 92.89c.
Bear market trap will snare investors
Much of the good news which has spurred the latest market rally is not really good news at all.
US banks back from the brink
US banks are making money as easily as they have ever earned it.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
