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Keyword: banking

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  • President Trump Immediate Lame Duck Actions To Protect The United States From Catastrophe

    11/07/2018 4:04:00 AM PST · by yefragetuwrabrumuy · 66 replies
    vanity ^ | 11/7/2018 | yefragetuwrabrumuy
    President Trump only has a brief, lame duck congress ability to protect the nation from a Democrat-caused catastrophe. Here are suggestions for what he might do.
  • Living in Military Family Housing or Living Off-Base (Away from predatory mortgage brokers)

    10/28/2018 1:05:39 PM PDT · by Hostage · 58 replies
    The Balance Careers ^ | August 08, 2018 | BY ROD POWERS
    Members who have dependents usually have the option of living on-base in the military family housing for free, or off-base and receive a monthly housing allowance. Members who are assigned to locations where dependents are not allowed to travel at government expense (such as basic training, and some unaccompanied overseas assignments) can live in the barracks for free, and still continue to receive the housing allowance (for the location of their dependents), in order to provide a household for their family members. At some bases, members may not have a choice. When I was stationed at Edwards Air Force Base,...
  • The Era of bank secrecy ends as Swiss start sharing account data to governments

    10/06/2018 7:29:25 AM PDT · by SeekAndFind · 27 replies
    Reuters ^ | 10/06/2018 | Michael Shields
    ZURICH (Reuters) - The era of mystery-cloaked numbered Swiss bank accounts has officially come to a close as Switzerland, the world’s biggest center for managing offshore wealth, began automatically sharing client data with tax authorities in dozens of other countries. The Federal Tax Administration (FTA) said on Friday it had for the first time exchanged financial account data at the end of September under global standards that aim to crack down on tax cheats. Bank secrecy still exists in some areas — Swiss authorities cannot automatically see what citizens have in their domestic bank accounts, for example — but gone...
  • Bank fraud alert

    10/04/2018 2:34:50 AM PDT · by NY.SS-Bar9 · 28 replies
    Personal experience | 10/4/18 | Stainless27
    If you have a bank account with any kind of phone or online access, read carefully: Over the weekend, someone was able to call into TD Bank and impersonate me. They were able to change my contact information and sign up for P2P transfers using Zelle. I was locked out of my account and started watching alert messages pop into email as my checking account was drained. I suspect that this compromise involved data from the Experian breach allowing a thief to impersonate me. That, and dubious security at TD, left me $3,000.00 lighter. I strongly suggest that everyone contact...
  • Why Does Wells Fargo Still Exist? (The bank isn't just "too big to fail." It's too big to fix.)

    08/25/2018 2:17:54 PM PDT · by Ultra Sonic 007 · 42 replies
    The Huffington Post ^ | 8/25/2018 | Zach Carter
    Wells Fargo executives know that everyone hates them. In the last two years, the bank has launched three separate marketing campaigns hoping to clean up its public image, only to see each effort thwarted by fresh, catastrophic scandals ― like wrongly repossessing 27,000 cars and foreclosing on 400 families for no reason. The bank’s latest quarterly filing with the Securities and Exchange Commission dedicates more than 2,000 words to “Additional Efforts To Rebuild Trust,” listing “automobile lending,” “mortgage interest rate lock extensions,” “consumer deposit account freezing/closing,” “certain activities within wealth and investment management,” “foreign exchange business,” “fiduciary and custody account...
  • Bank Teller, 25, 'Who Texted her Boyfriend and his Accomplice a go Signal' after a Customer [Trunc]

    08/23/2018 9:26:01 AM PDT · by Cecily · 104 replies
    Daily Mail (U.K.) ^ | August 23, 2018 | Daniel Roth
    A Texas bank employee accused of being an accomplice to a violent armed robbery appeared in court Wednesday to face charges. Shelby Wyse, 25, was arrested and charged with aggravated robbery on Tuesday for her alleged part in a brazen daytime attack on a woman carrying $75,000 in Houston. The mother-of-one appeared before a judge Wednesday, wearing a Whitney Houston tank top with her hair scraped up in a top knot. Court documents state that security footage captures Wyse watching the woman while she conducted her business at the bank. She then allegedly sent a text message to her boyfriend...
  • South Africa's Land Bank says land expropriation could trigger default

    08/21/2018 11:03:50 AM PDT · by Eyes Unclouded · 37 replies
    Reuters ^ | Aug 21 2018
    South Africa's state-owned Land Bank said on Monday a plan to allow the state to seize land without compensation could trigger defaults that could cost the government 41 billion rand ($2.8 billion) if the bank's rights as a creditor are not protected. Land Bank is a specialist bank providing financial services to the commercial farming sector and other agricultural businesses. President Cyril Ramaphosa announced on Aug. 1 that the ruling African National Congress (ANC) is forging ahead with plans to change the constitution to allow the expropriation of land without compensation, as whites still own most of South Africa's land...
  • Barrasso Condemns Bank of the West Anti-Fossil Fuels Policies

    08/09/2018 6:33:59 AM PDT · by george76 · 26 replies
    Wyoming Network ^ | 8-8-18 | John Barrasso
    U.S. Senator John Barrasso (R-WY) sent a letter to Bank of the West President and Chief Executive Officer Nandita Bakhshi pushing back on the bank’s decision to no longer conduct business with companies engaged in the exploration and production of coal, oil and natural gas. Bank of the West, headquartered in San Francisco, CA, has 23 branches with dedicated employees who work hard to serve communities and families across Wyoming. In his letter, Barrasso condemned the San Francisco headquarter’s attack on Wyoming’s communities and businesses that depend on fossil fuels for energy security, jobs and economic growth. “This misguided and...
  • Here's how much you really earn as an MD (Managing Director) at Credit Suisse and UBS in London

    08/08/2018 9:12:34 PM PDT · by 2ndDivisionVet · 3 replies
    eFinancial Careers ^ | August 7, 2018 | Sarah Butcher
    Do you really earn less working for a European than for a U.S. bank in London? Popular opinion would have it that you do. But popular opinion may be wrong: our analysis suggests that if the European investment bank you work for is either Credit Suisse or UBS, you'll be paid on a par with people at U.S. houses. - Or at least, this appears to have been the case for last year. Both UBS and Credit Suisse issued UK specific remuneration reports for 2017. They're not new, but they are buried on the Swiss banks' websites and we've only...
  • Facebook to Banks: Give Us Your Data, We’ll Give You Our Users

    08/06/2018 9:28:09 AM PDT · by bitt · 53 replies
    WSJ ^ | 8/6/2018 | Emily Glazer, Deepa Seetharaman and AnnaMaria Andriotis
    The social media giant has asked large U.S. banks to share detailed financial information about their customers, including card transactions and checking account balances, as part of an effort to offer new services to users. Facebook increasingly wants to be a platform where people buy and sell goods and services, besides connecting with friends. The company over the past year asked JPMorgan Chase JPM +0.25% & Co., Wells Fargo & Co., Citigroup Inc. C +0.20% and U.S. Bancorp USB +0.40% to discuss potential offerings it could host for bank customers on Facebook Messenger, said people familiar with the matter. Facebook...
  • Deutsche Bank is hiring 25% more new analysts this year (800+ jobs)

    07/23/2018 5:30:40 PM PDT · by 2ndDivisionVet
    Business Insider ^ | July 23, 2018 | Dakin Campbell
    Deutsche Bank is hiring nearly 800 new university graduates globally in 2018, its second highest number ever and 25% more than last year. The German lender is bringing more analysts in corporate finance than in sales and trading. The hiring comes as Deutsche surprised investors last week with a higher-than-expected profit for the second quarter under new CEO Christian Sewing....
  • Democrats seek to restrict gun rights by targeting financial institutions

    06/13/2018 2:13:31 PM PDT · by richardb72 · 29 replies
    The Hill ^ | June 13, 2018 | John R Lott Jr
    If liberals can’t silence self-defense advocates or pass the gun control laws that they want, they will keep you from using your credit cards to buy guns or accessories. They also will prevent firearm makers from getting financing. At first this was a matter of government policy, but now it is coming about by political pressure on private companies. In 2013, the Obama administration initiated Operation Choke Point, which utilized the banking industry to “choke off” the ability of certain “fraudulent” businesses in “high-risk” sectors to operate by cutting off their access to financial services. Many in the gun industry...
  • Trump calls for probe into claims Obama administration tried to give Iran access to US banks

    06/07/2018 1:22:50 PM PDT · by Innovative · 22 replies
    Fox News ^ | June 7, 2018 | Adam Shaw
    President Trump on Thursday called for an investigation into allegations that the Obama administration tried to give Iran access to the U.S. financial system by sidestepping sanctions. "The Obama Administration is now accused of trying to give Iran secret access to the financial system of the United States. This is totally illegal," Trump tweeted.
  • Obama Secretly Tried to Get Banks to Aid Iran, Banks Refused

    06/06/2018 11:51:45 AM PDT · by detective · 30 replies
    Front Page ^ | June 6, 2018 | Daniel Greenfield
    International financial institutions get a lot of heat for terror state ties. But this is a case where Obama Inc. tried to get them to do the wrong thing. While they did the right thing. The Obama administration secretly sought to give Iran access — albeit briefly — to the U.S. financial system by sidestepping sanctions kept in place after the 2015 nuclear deal, despite repeatedly telling Congress and the public it had no plans to do so. Yet another Obama dirty deal with Iran that we're just learning about now. The question is how many more are there? And...
  • The Cyber Heists Banks Don't Want You To Know About

    05/30/2018 3:04:01 PM PDT · by bananaman22 · 8 replies
    Safehaven.com ^ | 05-30-2018 | Charles
    Bank robberies aren’t as exciting as they used to be when they were the stuff of Ocean’s Eleven style, or the coarser Bonnie and Clyde. No more black balaclavas or dead president masks. No more guns, no more physical threats. This is the age of the cyber thief, and Mexico’s recent $110-million bank heist didn’t even require a criminal to touch the money at all. With a push of a button it was gone--almost. Gone, too, is the excitement of getting caught up in a bank robbery as dramatized on television. But the lack of physical excitement also means that...
  • President Trump Needs To Do To Health Care What He Did To Banking

    05/29/2018 4:14:36 PM PDT · by Kaslin · 8 replies
    Townhall.com ^ | May 29, 2018 | Hal Scherz
    As I listened to President Trump take a victory lap after signing the bill that reversed a good bit of the Dodd- Frank regulations, he said something that struck a chord. What he pointed out was that these rules were so onerous, that only the big banks had the resources to comply with the law, and the small banks did not, so they began to fold. All because of government regulation. The losers were consumers who had less choice because of reduced competition, forcing them to pay higher prices for fewer services. Does this not sound just like health care...
  • Australia Looks To Ban Cash Payments Over $10,000

    05/16/2018 8:45:47 AM PDT · by bananaman22 · 27 replies
    Safehaven.com ^ | 05-16-2018 | Joshua
    In the fight against terrorist financing, drug trafficking, money-laundering and tax evasion, Australia has moved to ban the use of cash in any transactions over $10,000 by next year, moving the Down Under that much closer to becoming a digital currency society. In a move lauded by Treasurer Scott Morrison as “bad news for criminal gangs, terrorists, and those who just trying to cheat on their tax …”, the government is eyeing the surveillance potential of large transactions made by checks or credit cards connected to banks and hoping to cut down on crime in the process. The ban will...
  • Ashley Judd, Morgan Freeman Sign Letter Demanding Bank of America Revoke Loan to Remington Arms (tr)

    05/12/2018 6:51:16 PM PDT · by EdnaMode · 78 replies
    Breitbart ^ | May 11, 2018 | Aww Hawkins
    Hollywood stars Morgan Freeman, Ashley Judd, and others associated with the No Rifle Association initiative (#NoRA) have signed a letter demanding Bank of America revoke a loan made to Remington Arms. Alyssa Milano tweeted the list of signatories, which included Alec Baldwin, Michael Ian Black, Mia Farrow, Chelsea Handler, Debra Messing, Julianne Moore, Michael Moore, and Rosie O’Donnell, and a page full of others. Signatories also included Parkland gun control activist David Hogg.
  • Bank of America to supply Remington Outdoor Company with loan

    05/10/2018 12:06:39 PM PDT · by Simon Green · 21 replies
    Guns.com ^ | 05/10/18 | Daniel Terrill
    Bank of America will join half a dozen other banks in providing a lending package to Remington Outdoor Company as the gun maker prepares to emerge from bankruptcy proceedings. Although the bank announced last month that it would stop financing companies that make military-style guns for civilian use, the deal was made beforehand, Reuters reported. BoA is contributing $43.2 million to a $193 million lending package funded by seven banks. The loan will help put Remington back on a stable footing as it re-enters an uncertain environment for gun makers. BoA chairwoman Anne Finucane said in April that the bank...
  • Treasury inspector general launches probe into possible leak of Michael Cohen’s banking records

    05/09/2018 10:41:38 AM PDT · by Magnatron · 68 replies
    The Washington Post ^ | 9 May 2018 | Beth Reinhard and Emma Brown
    The Treasury Department’s inspector general is investigating whether confidential banking information related to a company controlled by President Trump’s personal attorney Michael Cohen may have been leaked, a spokesman said. Rich Delmar, counsel to the inspector general, said that in response to media reports the office is “inquiring into allegations” that Suspicious Activity Reports on Cohen’s banking transactions were “improperly disseminated.” Detailed claims about Cohen’s banking history were made public Tuesday by Michael Avenatti, an attorney for Stormy Daniels, the adult-film star who was paid $130,000 by Cohen shortly before the 2016 election to keep quiet about her alleged affair...