Goldman Sachs has admitted that it is under investigation for helping Greece to hide its vast debts.
The controversial Wall Street bank - nicknamed the Vampire Squid because its tentacles stretch far and wide - is accused of having profiteered out of a complex currency deal that helped Greece massage its finances.
In a regulatory filing in the U.S., Goldman disclosed that is ’subject to a number of investigations and reviews by various governmental and regulatory authorities in connection with its financial transactions with Greece.
The European Commission has already been probing the bank’s relationship with Athens. It is unclear from the disclosure, how many other countries might be looking into its dealings with the Mediterranean state.
The Wall Street giant is claimed to have received as much as £192m in fees by entering a complex currency transaction in 2001 that helped Athens borrow cash without putting it on the books as a loan.
The so-called ’swap’ deal helped Greece meet eurozone limits on government borrowing.
Sony Fires Back at Obama: Actually We Did Call the White House – Several Times 2014-12-20 2:13 Sony fired back at Obama after the press conference saying they had several conversations with the Obama White House before and after the movie was canceled.
Via The Hollywood Reporter:
After President Obama criticized Sony for its decision to cancel The Interview's release after theater chains decided not to show the film, the studio has issued a statement elaborating on the move.
The Bankster International 2014-12-20 1:55 Geopolitical analysis, the art of explaining power relationships through the prism of impersonal geography, can be a helpful tool for observers of the Great Game – but it also has its limitations. A case in point is the renewed US-Russia confrontation. Think tanks and policy insiders easily sell the narrative that from the dark days of the Cold War to ...
Another banker dies under suspicious circumstances 2014-12-20 1:09 52-year-old Belgian Geert Tack – a private banker for ING who managed portfolios for wealthy individuals – was described as ‘impeccable’, ‘sporty’, ‘cared-for’, and ‘successful’ and so as Vermist reports, after disappearing a month ago, the appearance of his body off the coast of Ostend is surrounded by riddles…
Impeccable. Sporty. Cared for. Successful. Just some qualifications that are attributed to ...
NATO increases military presence on Russia’s borders 2014-12-20 1:14
The Pentagon has confirmed the military buildup along Russia’s borders to ensure long-term “peace and stability” in the region.
Earlier Moscow accused NATO of a sharp increase in air activity and intelligence flights in the border zone.
Replying to RIA Novosti’s query on the increased number of NATO flights around Russia’s borders, a Pentagon representative told the news agency that the military ...
US-Cuba ties thaw, White House open to Castro visit 2014-12-20 1:14
A US visit by Cuban President Raul Castro is a possibility, the White House said, a day after he and US President Barack Obama announced a historic bilateral rapprochement.
With developments proceeding apace, a high-level US diplomat, Assistant Secretary of State Roberta Jacobson, revealed she will travel to Havana in late January for the first direct talks to "begin the process ...