Original version

BBC World Service Online

World Business Report

Factual: Money

The latest business and finance news from around the world, on the BBC

The latest business and finance news from around the world, on the BBC.

World Business Report: Wall Street banks accused of exposing themselves to "catastrophic risks"

20/11/2014

Wall Street banks accused of exposing themselves to "catastrophic risks"

BBC World Service - World Business Report, Wall Street banks accused of exposing themselves to "catastrophic risks"

US Congress accuses Wall Street banks of exposing themselves to "catastrophic risks".

The US Congress grills Wall Street banks for exposing themselves to "catastrophic risks" and a Russian internet site streams webcam pictures hacked from private video feeds.

The US Congress questions Wall Street banks over exposing themselves to "catastrophic risks". According to an influential Congress committee, Goldman Sachs and other banks have been exploiting commodity markets to manipulate prices and boost their profits. 

Also on the programme, it has emerged that a Russian-based website is showing images taken from CCTV cameras, stand-alone webcams and even baby monitors installed in tens of thousands of households and businesses, in more than 100 countries worldwide. The United States appears to be the source of most of the images. The website claims to have footage from more than 4,500 cameras in the US alone. We have more details from David Emm, a senior researcher at the internet security company, Kaspersky.

If you had to name one of the most expensive places in the world to buy a house, you might perhaps nominate Abu Dhabi, Singapore, New York or London. But, Windhoek, the capital of Namibia, might not be on the tip of your tongue. However, it has just recorded the second-fastest rate of house price growth in the world. We have a report by the BBC's Tamasin Ford.

Accessibility links

Programme Index

World Business Report

Wall Street banks accused of exposing themselves to "catastrophic risks"

Genres

Brand

BBC World Service Online

About BBC World Service