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Published by CorpWatch Blog | By Pratap Chatterjee | Thursday, March 15, 2012

Three Barclays bankers made more than $15 million in 2011 salary packages, with the CEO making $28 million. The numbers were revealed under a pact made by the banking sector with the UK government, under Project Merlin, sparking outrage.

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Published by CorpWatch Blog | By Pratap Chatterjee | Wednesday, March 14, 2012

Greg Smith, a Goldman Sachs employee in London, has quit the company with a fiercely critical op-ed in the New York Times in which he accuses the Wall Street investment bank of losing its moral compass.

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Published by Associated Press | By John Heilprin | Monday, March 12, 2012

The World Trade Organization ruled that U.S. planemaker Boeing received $5.3 billion in illegal government subsidies over a quarter-century. Airbus and Boeing have both complained to the WTO that the other is receiving state aid. They are locked in a long-running trade dispute over a market believed to be worth more than $3 trillion over the next decade.

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Published by Inter Press News Service (IPS) | By Inés Benítez | Monday, March 12, 2012

Two Spanish lawyers have launched a campaign on social networking sites to prise out information about Euribor, the reference interest rate used for calculating mortgage payments in Spain, and to draw attention to the lack of transparency surrounding the way the rate is set.

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Published by New York Times | By Joe Nocera | Monday, March 12, 2012

During the final, desperate days before it entered bankruptcy proceedings, MF Global executives took money from segregated customer accounts - money that belonged not to MF Global but to the farmers and commodities traders that were its clients - and used it to prop up its rapidly collapsing business. Nor was this petty cash: of the $6.9 billion in customer assets that MF Global held, a stunning $1.6 billion is missing. There is virtually no chance that the full amount will ever be recovered.

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Published by CorpWatch Blog | By Pratap Chatterjee | Tuesday, March 6, 2012

The European Food Safety Authority has approved new rules that will ban industry experts from serving on EFSA scientific panels related to their work. Corporate Europe Observatory says the rules are still not strong enough

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Published by New York Times | By Vikas Bajaj and Andrew Pollack | Tuesday, March 6, 2012

A Swiss drug company, Novartis, will go before the Indian Supreme Court this monnth to fight patent laws that protect the global supply of inexpensive medicines to treat AIDS, cancer and other diseases. The lawsuit - which involves a drug called Gleevec - is being opposed by international aid groups.

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