Thread: Banks Derivatives and Exposure

Derivatives - The Unregulated Global Casino for Banks

Very cool graphs to give idea of exposure with annotations of major transgressions.

Scandals tarnish Citibank’s image in Indonesia - The Washington Post

Scandals tarnish Citibank’s image in Indonesia
By Andrew Higgins, Published: August 16, 2011

TANGERANG, Indonesia — Irzen Octa, a down-on-his-luck Indonesian businessman, suffered a torment familiar to millions of Americans struggling with debts racked up in better times: He feared losing his home.

In the end, he managed to keep the ramshackle two-story house where he and his wife raised their two now-teenage daughters. Instead, Octa, pursued by Citibank over a $5,700 debt on his platinum credit card, lost his life.

The 50-year-old businessman, invited to a Citibank office in Jakarta in late March, collapsed in a tiny room set aside by the U.S. bank for questioning of deadbeat debtors. He died shortly afterward — a casualty of a “harsh interrogation,” said Jakarta police spokesman Baharudin Djafar.

Citibank, Indonesia’s biggest foreign bank, said its internal investigation found no evidence of physical violence.