Money & Politics

The EuroZone Profiteers: A CorpWatch Report. Profile of Eurohypo/Commerzbank which was given a €18 billion bailout in March 2012. Three months later it began winding down Eurohypo by selling off assets. Read More

JP Morgan, the Wall Street investment bank, has been fined $920 million for violating trading laws that were discovered after trader Bruno Iksil (nicknamed the "London Whale") lost billions in bets last May. It was also fined over $80 million for credit card scams in an unrelated incident. Read More

JP Morgan Chase is expected to announce over $600 million in penalties and repayments for allegedly cheating customers in energy markets in California and Michigan. This just after Barclays bank paid out $470 million for manipulating electricity rates. Now Goldman Sachs is under scrutiny for possibly manipulating aluminum prices. Read More

U.S. corporate CEO salaries rose 16 percent in 2012, according to research firm Equilar. Average daily CEO pay is now greater than that of the average annual worker salary. Top salary: Larry Ellison of Oracle - over $96 million. Top exit bonus: James Mulva of ConocoPhillips - $156 million. Read More

Executives at one of Ireland's biggest banks laughed and joked about how they were going to fool the Central Bank into bailing them out, according to a tape recording obtained by the Irish Independent. The failure of Anglo Irish Bank is eventually expected to cost the taxpayer €30 billion. Read More

Steve Cohen, the billionaire founder of the most profitable hedge fund in history with $15 billion in assets averaging 30 percent in annual profits for two decades, has become the most watched man on Wall Street. Will he lose all his outside investors and will he go to jail? Read More

TransCanada and the provincial government of Alberta are paying former advisors to the Obama administration - as well as former staff of the Hillary Clinton and John Kerry presidential campaigns - to help them lobby for the proposed Keystone XL pipeline to transport tar sands fuel to the U.S. Read More

Record fines adding up to $36 billion have been paid out in the last 12 years by multinational corporations to the U.S. government to settle charges of corruption and fraud. But are they getting away with a slap on the wrist to avoid prosecution for major crimes? Read More

KPMG, the fourth biggest accounting firm in the world, has announced that it has fired Scott London, one of its top partners. New reports indicate that London was let go for providing insider information on two companies - Herbalife and Skechers. Read More

What role did senior executives of the Bank of Cyprus and Laiki Bank play in the collapse of Cyprus banking? Billions of euros - mostly invested by Russians and Ukranians attempting to dodge taxes - have been gambled away in the last few years. Read More