Banker Gets Death Sentence for Abuse of Power

CHINADAILY BEIJING – Wang Yi, former vice president of the China Development Bank, was sentenced to death with a two-year reprieve here on Thursday for taking bribes. Wang, 54, was found to have abused his power when serving as vice president of the bank to make profits for others in return for bribes totaling 11.96 … Read more

Move Your Money Project

Story From Move Your Money Website JUST BEFORE CHRISTMAS, a few friends were having dinner wondering what personal actions they could take to help limit the power of the big banks and create a more sane, stable financial system. How, they wondered, could they help end the era of Too Big To Fail? The financier at … Read more

Judge Shack Slashes ‘Fat Cat’ Bank’s Bill for Subpoenaed Documents

Mark Fass New York Law Journal A Brooklyn judge has rejected a bank’s request for $9,112 in costs for producing subpoenaed documents, calling the claim an example of the excess and greed among “fat cat bankers on Wall Street.” JPMorgan Chase, a non-party in an action to confirm an arbitration award, sought 25 cents per … Read more