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Shares of embattled bank Credit Suisse on Wednesday hit another all-time low for a second consecutive session, dropping by more than 21% shortly before being halted from trade. Credit Suisse’s largest investor, Saudi National Bank, said it could not provide the Swiss bank with any further financial assistance, according to a Reuters report. “We cannot because we would go above 10%. It’s a regulatory issue,” Saudi National Bank Chairman Ammar Al Khudairy told Reuters Wednesday. Several Italian banks were also subject to automatic trading stoppages after sharp declines, including UniCredit, Finecobank and Monte Dei Paschi. The embattled Swiss lender disclosed...

The State Department (which Hillary Clinton used to run and where she still holds significant influence) has been very clear about one thing. There is no relationship between donations to the Clinton Foundation and actions taken by the Secretary of State during her tenure there. Period. Full stop. End of discussion. Perish the thought. You’re all just a bunch of Clinton haters who are trying to stop the ongoing charity work of these wonderful people. And yet for some strange reason we keep seeing stories like this. Hillary hadn’t even finished unpacking her things in her new office at...

Six months after they raided the Northern Virginia headquarters of some of the nation's most respected Muslim leaders, federal agents say they are pursuing a trail of intriguing clues in a top-priority search for evidence of tax evasion and financial ties to terrorists.Federal and European investigators say that several lines of inquiry have emerged from their review of documents and computer files they carted off in a dozen panel trucks from offices and homes affiliated with the Herndon-based SAAR Foundation, a tight-knit cluster of prominent Muslim groups funded by wealthy Saudis.One avenue of investigation is the alleged transfer of millions...

SEBRING, Florida (CNN) -- A couple of hours up the road from where some September 11 hijackers learned to fly, the new head of Aryan Nation is praising them -- and trying to create an unholy alliance between his white supremacist group and al Qaeda. "You say they're terrorists, I say they're freedom fighters. And I want to instill the same jihadic feeling in our peoples' heart, in the Aryan race, that they have for their father, who they call Allah."

Cardinal George Pell will be immediately freed from prison after Australia's High Court unanimously overturned his conviction on five counts of historical child sex abuse. The momentous decision, handed down Tuesday by Chief Justice Susan Kiefel, ends a five-year legal battle that started when a man in his 30s approached police alleging Pell had abused him as a child in the mid-1990s. At the time, Pell was Vatican Treasurer and the highest ranking Catholic official to ever be publicly accused of child sex offenses. Pell strenuously denied the charges, which he dismissed in a 2016 police interview as a "product...

US bishops’ conference denies any wrongdoing in ongoing Peter’s Pence lawsuit, blames parishionersWASHINGTON, April 28, 2021 (LifeSiteNews) — In an ongoing case regarding the use of Peter’s Pence donations, lawyers for the U.S. bishops have asserted that parishioners were aware (or at least ought to have been) that their money could be used by the Holy See for any purpose, despite their own advertisement to the contrary.The Peter’s Pence lawsuit was originally filed in January 2020 against the United States Conference of Catholic Bishops (USCCB) by the Stanley Law Group based in Dallas, Texas, representing a Class Action brought by...

Pell was reportedly reprimanded for “interfering in sovereign business” by looking into the Vatican Secretariat of State’s dealings with a Swiss bank with a long track record of violating fraud safeguards.The Holy See’s relationship with a disreputable Swiss bank triggered an internal dispute between the Secretariat of State and Vatican financial authorities. At the center of the conflict was a multimillion-dollar line of credit used to fund a controversial investment in London property speculation. Sources inside the Vatican’s Prefecture for the Economy confirmed to CNA that a substantial part of the $200 million used to finance the Secretariat of State’s...

Israel paid Assad’s grand-uncle $100 million for the Golan Heights before the Six-Day War in 1967, says a former close friend of Sadat. Israel paid Syrian President Bashar Assad’s grand-uncle $100 million for the Golan Heights before the Six-Day War in 1967, says a former close friend to assassinated Egyptian president Anwar Sadat. Dr. Mahmoud Jame’ said Sadat was briefed on the deal, according to the Jordanian-based Albawaba website. Jame’, a member of the first Consultative Council in Egypt, said, “One morning Sadat took me with him in private and without a guard to the (Syrian part of the) Golan...

Israel paid Syrian President Bashar Assad’s grand-uncle $100 million for the Golan Heights before the Six-Day War in 1967, says a former close friend to assassinated Egyptian president Anwar Sadat. Dr. Mahmoud Jame’ said Sadat was briefed on the deal, according to the Jordanian-based Albawaba website. Jame’, a member of the first Consultative Council in Egypt, said, “One morning Sadat took me with him in private and without a guard to the (Syrian part of the) Golan Heights, and I swear by the Almighty G-d that he put his hand on my shoulder and as we were standing on the...

<p>CHICAGO (AP) -- Federal prosecutors accused a Syrian-born American of once leading a Muslim charity that the Treasury Department calls a terrorist group, and said he tried to help Osama bin Laden get a nuclear weapon.</p> <p>The government said Mohamed Loay Bayazid was president of the suburban Chicago-based Benevolence International Foundation in 1994, about the same time he is accused of trying to get uranium for al-Qaida.</p>

One of President Obama’s largest financial backers is a key executive at the largest Swiss bank in the world, complicating his criticism of presumptive Republican nominee Mitt Romney. Robert Wolf is president of Swiss financial giant UBS Investment Bank and chairman of UBS Americas. He has been one of Obama’s most prolific fundraisers dating back to 2006, when the former Senator from Illinois initiated his run for the White House. Wolf has bundled more than $500,000 for the president’s reelection, campaign records show. He is but one of many wealthy bankers Obama has turned to in an effort to win...

An ex-banker and convicted tax cheat who told the IRS how his employer, UBS, helped thousands of wealthy clients duck U.S. taxes has just been awarded $104 million by the U.S. government, a sum his lawyers say is the largest payout ever for a whistleblower. Bradley Birkenfeld, who was released from federal prison six weeks ago, pleaded guilty in 2008 to helping American clients avoid paying federal income and other taxes to the IRS. As part of his plea, Birkenfeld confessed to helping businessman Igor Olenicoff conceal $200 million in assets and evade paying $7.2 million in taxes. But while...

Tuesday night at the Democrat National Convention (DNC), former Ohio (did I spell that correctly?) Governor Ted Strickland said, "In Matthew, chapter 6, verse 21, the scriptures teach us that where your treasure is, there will your heart be also." Strickland was referring to Mitt Romney's Swiss bank account. He continued, "Governor Romney, just because you bank against the United States of America doesn't mean the rest of us are willing to sell her out. We are Americans." Senator Dick Durbin (D-IL) said on CBS' Face the Nation, "He is the first and only candidate for U.S. president with a...

Bicycles instead of cars? Dense apartment clusters instead of single homes? Community rituals instead of churches? "Human rights" instead of religious freedom? The UN Conference on Human Settlements (Habitat II) which met June 3-14 [1996]in Istanbul, painted an alarming picture of the 21st century community. The American ways-free speech, individualism, travel, and Christianity-are out. A new set of economic, environmental, and social guidelines are in. Citizenship, democracy, and education have been redefined. Handpicked civil leaders will implement UN "laws", bypassing state and national representatives to work directly with the UN. And politically correct "tolerance"-meaning "the rejection of dogmatism and absolutism"...

Hardly anything could have been more damaging to Mitt Romney’s perpetual quest to relate to the average American than the recent revelations in Vanity Fair that he maintains personal finances in a sophisticated network of institutions across Europe and North America. Among the entities that Romney relies upon is a limited liability corporation in Bermuda and a “blocker” entity in the Cayman Islands. Suffice it to say, not the kind of thing that would endear him to a Wawa cashier. But the most lasting damage to Romney may come from his most piddling investment of all (relatively speaking): the Swiss...

Leading banker jumped to his death after snorting cocaine at welcome home party By Daily Mail Reporter Last updated at 4:45 PM on 8th September 2010 A leading banker jumped to his death after snorting cocaine at a party thrown to welcome him back from abroad, an inquest heard today. Neil McCormick plunged sixty feet and landed on rubble after he was spotted walking in circles and mumbling 'guys, don’t do this to me', the court heard. Mr McCormick, who had used cocaine regularly since studying at Oxford University, moved to Hong Kong last September with his wife Diana and...

A Swiss whistle-blower Monday handed over what he said were secret Swiss banking records to WikiLeaks, the website dedicated to revealing secrets. Swiss banker Rudolf Elmer handed two discs to WikiLeaks founder Julian Assange at a news conference in London. WikiLeaks could release the secret Swiss banking records in "a matter of weeks" if it can process them quickly enough, Assange said. Elmer said he would not reveal the names in the records and said he was unable to say how many people were involved. He said about 2,000 clients' records were included, but that because of the way trusts...

Syria's Assets in Swiss Banks Have Dropped 39 Percent in Year, Report Indicates The Associated Press Published: Jun 21, 2005 BERN, Switzerland (AP) - Syrian assets held by Swiss banks dropped 5.5 billion Swiss francs ($4.3 billion) during the past year, according to statistics released Tuesday. The 39 percent drop was unexplained, but it could reflect sanctions imposed in May 2004 by the United States, which accuses the Middle Eastern country of supporting terrorism and undermining efforts to stabilize Iraq. The sanctions restrict the dealings U.S.-based banks can have with their Syrian counterparts. Major Swiss banks, which have extensive operations...