TheAustralian – Audit Commission Urges Abbott To Slash Welfare, Services – 1 May 2014

The Australian

By DAVID CROWE and JARED OWENS

LONDON – Britain’s Financial Conduct Authority on Thursday barred John Christopher Hughes, a former senior trader at UBS, from working in the financial industry, but did not fine him for failing to report a slush fund of money used to help manage his desk’s daily profit and losses.

Read the full story at: www.theaustralian.com.au / link to original article

John Ward – Cutting Outlooks, Wealth, Services, Electricity Supplies, And Hair. But Not Banking Power. – 16 January 2013

The banks are being bailed out, the citizens are being fleeced. Quelle surprise.

“A frustratingly slow economic recovery in developed nations is holding back the global economy,” pronounced the World Bank yesterday while cutting its world growth forecasts for 2013.

We’re cutting forecasts, cutting expenditure and cutting corners. But nothing’s cutting it. The Slog’s long-predicted emergence of Spanish banking reality is creeping out shock by shock. Bankia’s shareholders  may lose most of their investments and probably all of them says the Spanish bank rescue fund in its latest report.