OpEdNews – Iceland Says Yes To New Constitution

 Paul Fontaine With all votes now counted from last Saturday’s referendum, the majority of Icelanders have voted in favour of having a new constitution, including a number of significant changes. Iceland’s original constitution is more or less borrowed from the Danes. In the wake of the 2008 economic collapse, a public outcry to change the very structure of Iceland’s socio-political system led to an initiative to write a new constitution....

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WallStreetJournal – 9 More Banks Subpoenaed Over Libor

By Reed Albergotti aand Jean Eaglesham Nine more banks have received subpoenas in connection with a probe into alleged widespread interest-rate manipulation by banks, a person familiar with the investigation said. The probe, a joint effort by the offices of New York Attorney General Eric Schneiderman and Connecticut Attorney General George Jepsen, could lead to civil enforcement action related to breaches of antitrust and fraud laws. The subpoenas,...

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TheGuardian – Giles Tremlett – Bankia Executives Ordered To Pay Back Bonuses

Bankia did not say how much the executives had received as bonuses last year. Photograph: Kiko Huesca/EPA Top executives at Spain‘s giant nationalised Bankia are to be ordered to pay back last year’s annual bonuses as the bank admits to having run up record-breaking losses of €7bn (£5.6bn) in the first three quarters of this year. The size of the losses, the biggest ever reported by a Spanish bank, was revealed on the same...

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Der Spiegel – Ex-Italian Prime Minister Convicted – Silvio Berlusconi Sentenced To Four Years In Jail

A court in Milan found former Italian Prime Minister Silvio Berlusconi guilty of tax fraud on Friday and sentenced him to four years behind bars. The conviction stems from the sale of broadcasting rights connected to his company Mediaset. But it is doubtful that the ex-premier will serve any jail time soon. Ever since former Italian Prime Minister Silvio Berlusconi left office in 2011, there has been speculation that his myriad legal troubles...

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