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Jaime Dimon, JP Morgan CEO - Chase admits the banking giant is incompetent and dangerous

14 May 2012

Newsroom Staff

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By David Slim

JP Morgan Chase Bank in USA loses investments for $2 billion dollars. JP Morgan-Chase CEO, admits incompetence, poor judgment, mistakes with other people’s money. Mario Alvares, executive vice president of business for Chase Savings and Loans Latin America, CSL and bank financial giant, says JP Morgan Chase will remain incompetent, and it's executive responsible should be thrown into prison and suit for the $2 billion loss, plus $6 billion for fraud, racketeering, money laundering and conspiracy.

The United States banks and Wall Street gamblers, if they were in Mexico or any nation in Latin America, they would already be in jail without bail.

Dan Goodwyn, spokesman of the Banco Territorial, Bank Holding Company and

Territorial Corp giant in Ecuador, says this continuing bankers scam in the USA has cause our economies to be inflicted, because dishonest and crooks in the banking business in the Americas, gives all honest bankers a black eye.

For 127 years Territorial Corp and CSL has never lost a client’s money, because in Latin America, bankers that pull these scam simply go to prison. And that’s how we have operated for 127 years, and pay clients from 6% to 10% interest per year on 5 and 10 year credit deposit.

USA banks only pay bank clients, 1% or even less. This is because the USA allows it big commercial banks to cheat bank clients, and commit absolute theft and fraud. I hope I could understand why the citizens up in USA keeps there money there, when all they need to do is go online or call CSL, and send brief information, it just takes 5 to10 minutes to earn 700% more money with zero risk, and hold their money in any currency they want. Get a prepaid or credit cards tied to your account for thousands or millions of dollars, and have total bank secrecy.

At least JP Morgan Chase CEO, Jaime Dimon, admitted to the others stupidity, incompetence, but refused to admit it is his and the board of directors whom is either thieves or stupid.

Ldf-news.com study of CSL, chasesandl.com earned over $1 billion dollars in the first 3 months of 2012, after paying 6%-10% interest on credit deposits, called investment contracts, in Spanish.

Just about every economist worldwide says the USA, Europe is in a second recession or financial depression and the people there will pay for more incompetent processes. In just three years investors and savings account holders have lost $4 trillion dollars, had their life savings wiped out.

CSL and Chase Savings and Loans Latin America main offices are located in Mexico City, Central and South America and Asia, is not part of USA JP Morgan Chase.

Latin American bankers are very financial conservative, because they will not go to jail for taking risk, and why CSL and Territorial bank clients get paid more, is because, the loan policy is only 60% of assets value, not like the USA banks whom loan is up to 1000% of asset value or no assets, and lose citizens money.

Ldf-news.com calls for a criminal investigation of JP Morgan Chase, and this is exactly what it looks like Bernie Madoff, again.

Interview of CSL and Territorial Corp.com bankers is by David Slim, Global

Financial Editor; your comments are welcome to: This e-mail address is being protected from spambots. You need JavaScript enabled to view it , or

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Conditioned aid to Greece

11 May 2012

Newsroom Staff

The troika should analyze the economic situation

By: Nicole Mendoza

The institutions that are willing to lend money to Greece need a positive report, information that will be evaluated by the European Troika on the progress in reforms of the country in crisis, to release a new tranche of aid.

In late June, is scheduled to release the second tranche of aid for Greece, which is worth almost four billion euros, equivalent to 5,162,000 dollars, and was announced by the German Finance Ministry.

"For the second tranche scheduled course requires an assessment of the troika," said ministry spokesman Martin Kotthaus, at a press conference.

The troika comprises the European Commission, the European Central Bank and the International Monetary Fund.

Ban Ki-moon Supports Burma and protects the sanctions cancellation

01 May 2012

Newsroom Staff

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By Reynaldo Lanuza

Ban Ki-moon, UN General Secretary has spoken in favor of the Parliament of Burma (Myanmar) and offered the full support of this organization for democratic reform; he also stated that it is time to suspend sanctions against that nation. As a result of democratic progress in Burma, the Foreign Ministers of the European Union have agreed to stop the EU sanctions against this country excluding the arms embargo currently in place.

During his three days visit to Burma as of Sunday, the representative said about the legislature during a plenary session, to be the center of democratic reform, after Thein Sein, took the Government office in March, leaving behind more than 50 years of military dictatorship. Ki-moon called on the Parliament to ensure human rights and fair representation of all ethnic groups nationwide.

Before the formal meeting, Ban spoke with Thein Sein at his home in Naypyidaw on the implementation of humanitarian programs by the UN to improve the infrastructure of social care services and residences as well as the delivery of aid in territories devastated by ethnic conflicts.

Congresswoman-elect of the opposition National League for Democracy, Aung San Suu Kyi, will take her seat in Parliament after her party conducted a protest set for the oath ceremony last week. The petition refers that today, to swear in the Constitution, it does not delete the word "safeguard" and need to be changed to "respect". The opponent said: The reason is that we accept the will of the people. Our people voted for us.

Several reforms have been established since the executive took office from 2011, allowing the legalization of political parties and unions, the release of hundreds of political prisoners, greater press freedom and various ceasefire agreements with ethnic guerrillas. The UN Secretary General will return to Rangoon today to finalize the meeting with Aung San Suu Kyi, after he could not make this visit in 2009, when the head of the military junta, General Than Shwe denied permission to meet with the bureaucrat who was under house arrest.

This will be the third trip of the UN official to Burma, then his trip in 2008 and 2009 and the first visit since the establishment of government where the democratization process began a year ago.

World Bank warns Latin America about raw materials crash

25 April 2012

Newsroom Staff

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By Raul Tejada

On Tuesday, the World Bank warned about the poor preparation of Latin American countries by the occasional drop in raw material costs. The director of the Poverty Reduction and Economic Management in Latin America and the Caribbean World Bank, Rodrigo Chaves, said that countries like Brazil, Colombia, Peru, Chile and Mexico were able to manipulate the commodity supercycle, others have squandered during abundance, permanently damaging their economies.

Peru and Chile may have very high fiscal reserves in case there were a slowdown in China and a fall in raw materials. Other countries like Venezuela who already has deficits will suffer dramatically by linger production in times of plenty. As long as China grows by 8.1%, current circumstances support the growth forecast for Latin America of 3.6% in 2012.

South Sudan joins the World Bank and the International Monetary Fund

19 April 2012

Newsroom Staff

By Susana Lima

Thanks to the integration agreements signed by the Minister of Finance and Economic Planning of Southern Sudan, Kosti Manibe Ngai, the Republic has become the newest member of the World Bank Group (WB) and the International Monetary Fund (IMF).

A World Bank statement also details that South Sudan was also added to the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC), the International Development Association (IDA), International Centre for Settlement of Disputes (ICSID) and Multilateral Investment Guarantee Agency (MIGA).

Unemployment shows record in the Eurozone

03 April 2012

Newsroom Staff

By Jose Herrera

According to data from Eurostat, the euro area reached a record level of 10.8% unemployment last February, exceeding one tenth of the data in January and in contrast with 10% recorded during 2011.

Spain has been replaced as the country with the worst employment figures across the region since its unemployment rate stood at 23.6%, three tenths more than in January.

China and the IDB will create a fund for Latin America

19 March 2012

Newsroom Staff

By Susana Lima

The president of the Inter-American Development Bank, Luis Alberto Moreno announced a fund that this entity will create with the Republic of China for a billion dollars to support projects in Latin America.

Moreno stressed: This is an unparalleled story and shows the enormous interest that China has by the Latin American region.

In recent years, China has invested millions of dollars in Latin America to acquire strategic assets in order to obtain copper, oil and other raw produce.

The bilateral business and trade ties have grown between the two sectors in recent years. China is now a strategic business partner for nation’s manufacturers of agricultural raw materials, energy and minerals.

The large grain producers, Argentina and Brazil, are also important partners to China as well as Chile, the largest copper exporter.

Moreno explained that the fund between China and the IDB will have three different operators and that each fund will have a specific manager. Each manager will be responsible for the projects development.

The representative added that the IDB expects that if China's economic expansion slows down; it will do it subtly, this in order to generate less alternative impact on the Latin American economy.

Different Asian commercial banks already work together with the IDB to finance trade in Latin America and China.

Chase Savings and Loans Latin America and Banco Territorial Savings are earning new depositors

16 March 2012

Newsroom Staff

By David Slim

Banking in the USA and European nations and almost all nations are losing bank clients at an alarming rate, because Chase Savings & Loans in Mexico City, Banco Territorial and Territorial Corp simply pay a very high rate in return to depositors and investors.

The USA and European banks pay a maximum interest rate on 5 years credit deposits. Investment accounts pay “only 1.74%” on USD$50,000 to a USD$1 million. Put in simple terms, depositors and investors receive 7% to 8% for the same deposit paid to banks or financial investment clients; they receive $14,400 per each million dollars.

CSL-Paysa: the new tool for the secure remittances transfer

14 March 2012

Newsroom Staff

By Susana Lima

The remittances market has ample opportunity for growth in Latin America. It is one of the main items that move the economy in Central America and Mexico. During 2012, 15 million people received US58 billion in remittances. With such a moving business, final users need the best option to send their money through a safe way and their beneficiaries to receive this money completely and without suspicion of being abused or being overcharged.

Understanding the needs of housewives and workers in different areas, that put all their effort every day to provide assistance to their families in their home countries, for all that money well earned, Chase Savings & Loans Latin America has developed one of the best proposals to transfer these funds to their families and loved ones abroad without going through any hassle or extra charges and the full assurance of a safe transfer.