Keyword: finance

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  • Former election commissioner: Cohen and Trump didn't violate campaign finance law

    12/12/2018 11:02:51 PM PST · by NoLibZone · 18 replies
    Fox News ^ | 12/12/18 | Hans A. von Spakovsky
    Trump-haters hoping the president’s former personal attorney, Michael Cohen, will provide the evidence needed to impeach the president and perhaps even “lock him up” are likely headed for a bitter disappointment. The Cohen guilty pleas are likely irrelevant to the fate of President Trump. That’s because in my judgment – as someone who served for two years as a member of the Federal Election Commission – the campaign finance law violations Cohen pleaded guilty to committing, allegedly at Donald Trump’s direction, aren’t really violations. If I’m right – that is, if Cohen didn’t really violate campaign finance law, despite his...
  • Wealth Preservation: The Final Assault in the War on Cash

    11/21/2018 4:45:45 PM PST · by Kaslin · 26 replies
    Townhall.com ^ | November 21, 2018 | Dan Denning
    Before I show you what I’ve learned about a plan to seize control of America’s money, let me make one point clear…If you value sound money and political freedom… if you value limited government and taxation with representation… and if you value enterprise and privacy… then you’re going to hate the future I’m about to describe.There is no philosophical or monetary middle ground on the issue.You’re either with it or against it.The Chicago PlanIn March 1933, Henry Morgenthau Jr., chairman of the Federal Farm Board, was sent a short memo titled, “Memorandum on Banking Reform.”It was signed by Frank Knight...
  • Germany's Weber: Creating European Monetary Fund should be a priority

    11/19/2018 6:37:47 AM PST · by Olog-hai · 12 replies
    Reuters ^ | November 19, 2018 8:29 AM | Michelle Martin
    German conservative Manfred Weber, who is running to take over the European Union’s top job next year, said on Monday that turning the European bailout fund (ESM) into a European Monetary Fund (EMF) should be a priority. […] “The political picture behind that is that in the last eurozone crisis, we asked for the IMF’s (International Monetary Fund) help. Barack Obama was the president then, so partnership was possible. In future crises, which we can’t exclude happening, I as a European don’t want to be dependent on the White House.” …
  • Manhattan U.S. Attorney Announces Criminal Charges Against Société Générale S.A. For Violations of

    11/19/2018 5:02:29 PM PST · by bitt · 5 replies
    justice.gov ^ | 11/19/2018 | Southern District of New York
    Bank to Pay Total Penalties of more than $1.3 Billion as part of Resolution with Federal and State Prosecutors and Regulators Geoffrey S. Berman, the United States Attorney for the Southern District of New York, James D. Robnett, the Special Agent in Charge of the New York Field Office of the Internal Revenue Service, Criminal Investigation (“IRS-CI”), and Mark Bialek, Inspector General, Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau (“IG-FRB/CFPB”), announced criminal charges against Société Générale S.A. (“SG” or the “Bank”) consisting of a one-count felony information charging SG with conspiring to violate...
  • Private equity hiring never been hotter, VPs receiving up to 4 job offers a week & bonuses soaring

    11/15/2018 6:23:37 PM PST · by 2ndDivisionVet · 3 replies
    Business Insider ^ | November 15, 2018 | Meghan Morris
    It's never been a better job market for private equity professionals, with the sector seeing the most active hiring market ever, according to a new report. In a survey of 630 North American investment professionals released Tuesday, recruiting firm Heidrick & Struggles found that more than half of respondents saw an increase in base salary this year compared with 2017. More than three-quarters of that group saw their base salary increase up to 20%. Managing partners saw the biggest increase, with base compensation up 13.6%, to $768,000. Bonuses are rising, too: 77% of those surveyed said their bonus increased from...
  • The NRA Will Have Its Day in Court (against Cuomo)

    11/15/2018 5:53:03 AM PST · by reaganaut1 · 10 replies
    Wall Street Journal ^ | November 14, 2018 | James Freeman
    [N]o elected official in the country has more aggressively sought to limit free speech rights than Gov. Andrew Cuomo (D., N.Y.). Now he will have to answer for it in court. ... In May this column described how Mr. Cuomo was using the state’s financial regulatory agency to intimidate insurance companies, banks and other firms into turning down business with the NRA. The gun-rights group sued Mr. Cuomo after he ordered the state’s Department of Financial Services to tell the firms it oversees “to review any relationships they may have with the National Rifle Association and other similar organizations. Upon...
  • The Coming Retirement Crisis

    11/11/2018 7:33:17 AM PST · by proxy_user · 45 replies
    Real Vision ^ | October 28, 2018 | Raoul Pal
    A 48-minute YouTube video at the URL.
  • Financial transaction tax could actually ease our national debt

    11/02/2018 7:56:26 AM PDT · by C19fan · 71 replies
    The Hill ^ | November 1, 2018 | Patrick Colabella
    The news from the Treasury Department that the federal deficit has hit a six-year high of $779 billion should give President Trump added incentive to reset his agenda for 2019, regardless of whether or not the anticipated Democratic blue wave in the midterm elections materializes next week. A key element of that agenda should be the introduction of a financial transaction tax dedicated to all economic security payments (that is Social Security, Medicare and Medicaid, Unemployment Insurance and other forms of public assistance). Such a tax will address two of the biggest threats to our continued economic health: the federal...
  • BlackRock is hot for Atlanta, plans hiring spree (1,000 jobs)

    10/26/2018 10:36:56 AM PDT · by 2ndDivisionVet · 9 replies
    The New York Business Journal ^ | October 26, 2018 | Anthony Noto
    BlackRock Inc. has big plans for Atlanta. The New York-based money manager, touted as the biggest with $6.28 trillion in assets under management, will go from 15 employees in the Georgia capital to 1,000 people by 2024. According to the Wall Street Journal, BlackRock will use $25 million in public tax breaks to bolster its Southern expansion. The final incentive package is still under negotiation with the city, the report continued, citing unnamed sources. BlackRock (NYSE: BLK) did confirm the Atlanta expansion in a memo to employees Thursday, calling it “our newest innovation hub.” The memo was signed by chief...
  • Dow Falls Over 300 Points Amid Tech Sell-Off

    10/10/2018 9:22:59 AM PDT · by aimhigh · 22 replies
    Fox Business ^ | 10/10/2018 | ETFTrends.com
    The Dow Jones Industrial Average fell over 300 points on Wednesday as tech names like Intel, Microsoft and Netflix were in the red, helping to also bring the Nasdaq Composite down over 100 points. The S&P 500 was also down just over 30 points as of 11:00 a.m. ET.
  • Homeowners ain't mortgagin' as much

    09/14/2018 8:12:30 AM PDT · by Tell It Right · 22 replies
    MarketWatch ^ | 9/14/2018 | Andrea Requier
    American homeowners have amassed a record $6 trillion in equity in their properties, a figure boosted by surging home prices and a trend of owners staying put longer. But rising interest rates and caution resulting from the housing troubles of a decade ago are limiting how much of that equity is getting tapped.
  • 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...
  • 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....
  • Recep Erdogan appoints his son-in-law to run the country's economy and finances

    07/09/2018 4:37:15 PM PDT · by Texas Fossil · 7 replies
    Financial Review ^ | Jul 10 2018 at 7:54 AM Updated 1 hr ago | AAP
    Turkish President Recep Tayyip Erdogan named the members of his new Cabinet after he was sworn in Monday (Tuesday AEST) under a new governing system that grants him sweeping executive powers and which critics think gives him far too much control.Erdogan appointed Berat Albayrak, the man who married his daughter 14 years ago, to head the powerful new treasury and finance ministry. Mevlut Cavusoglu will remain as Turkey's foreign minister and Suleyman Soylu as the country's interior minister.The executive system of government that began with Erdogan's swearing-in scraps Turkey's parliamentary governance structure and boosts the powers of the formerly ceremonial...
  • American money flowing back into America [Record $300 billion First Quarter]

    06/26/2018 6:28:46 AM PDT · by GonzoII · 14 replies
    Fox Business ^ | June 26, 2018 | Suzanne O'Halloran
    Despite President Trump's tit-for-tat trade barbs, America’s CEOs are not wasting anytime in taking advantage of his tax reform plan. Over $300 billion was repatriated to the U.S. in the first quarter, according to the Bureau of Economic Analysis (BEA) -- the most on record. “U.S. firms that used to build their factories overseas in order to avoid U.S. taxes, they stopped in their tracks because of the tax bill, they are bringing all the money home,” said Kevin Hassett, chair of the president's Council of Economic Advisers, during an interview on FOX Business’ Varney & Co. in June.
  • 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...
  • Credit service shuts down payments on all gun purchases (Intuit)

    06/12/2018 5:28:27 AM PDT · by akalinin · 56 replies
    New York Post ^ | 06/11/2018 | Lois Weiss
    Several gun-related businesses were suddenly — and without warning — disrupted in recent weeks when Intuit stopped processing credit card payments because sales were gun-related, The Post has learned.
  • 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.