Subpoenas for Glencore, Goldman Sachs and JPMorgan: Guilty of price-fixing?

The U.S. Commodity Futures Trading Commission (CFTC) has summoned Glencore, Goldman Sachs and JPMorgan Chase in connection with their investigation over artificially high metal prices. The CFTC intends to examine documents and emails of the last three years. The subpoenas are regarded as a further sign that the CFTC takes the allegations uttered by consumers seriously and that the investigation process is stepped up.   ... →

US banks risk public health and climate by financing coal

Rainforest Action Network, BankTrack and the Sierra Club released the “Coal Finance Report Card 2012”, their third annual ranking of the largest financiers of mountaintop removal coal mining and coal-fired power plants. The report looks at the stated policies for mountaintop removal and coal financing from each of the largest US Banks and assigns a letter grade to how well they uphold these policies based on investments, transactions and ownership of coal mining and coal burning utility companies.   ... →