Royal Bank Corruption
RBC faces tough questions over Panama connections
Two days after an unprecedented leak linked some of the world’s largest lenders to alleged tax evasion and money laundering, Royal Bank of Canada went on the defensive over its ties to a Panama-based law firm used to set up offshore tax havens.
The leaked documents, now known as the Panama Papers, stole the show at RBC’s annual meeting in Montreal on Wednesday. Chief executive officer Dave McKay faced a chorus of questions about the bank’s relationship with law firm Mossack Fonseca, through which the bank allegedly registered 378 shell companies.
http://www.theglobeandmail.com/report-on-business/financial-services-firms-should-be-force-for-good-rbc-chief-says/article29537700/The Big Banks Are Corrupt – And Getting Worse
The Justice Department’s latest settlement with felonious big banks was announced this week, but the repercussions were limited to a few headlines and some scattered protestations.
That’s not enough. We need to understand that our financial system is not merely corrupt in practice. It is corrupt by design – and the problem is growing.
Let’s connect the dots, using news items from the past few weeks:
The Latest Sweetheart Deal
Four of the world’s biggest banks pleaded guilty to felony charges this week, agreeing to pay roughly $5.6 billion in fines for fixing the price of currencies on the foreign exchange market. Justice Department officials made much of the fact that, unlike previous sweetheart deals with Wall Street, this one required the banks’ parent companies to enter a guilty plea.
https://ourfuture.org/20150522/connect-the-dots-big-banks-are-as-corrupt-as-ever-and-getting-worseScientific Paper: Liberals actually ‘uncooperative, hostile, troublesome, socially withdrawn, manipulative
http://rightedition.com/2016/06/10/scientific-paper-liberals-actually-uncooperative-hostile-troublesome-socially-withdrawn-manipulative/ The Greening of the World
Rising CO2 has ‘greened’ world’s plants and trees
http://www.carbonbrief.org/rising-co2-has-greened-worlds-plants-and-trees...
https://www.youtube.com/watch?v=kjMlUD6BTrs