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55%  
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Keyword: banking

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  • 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...
  • Bank of America's loan to Remington tests its firearms pledge

    05/07/2018 6:28:46 AM PDT · by Oldeconomybuyer · 13 replies
    Reuters ^ | May 7, 2018 | by Tom Hals, Jessica DiNapoli
    Bank of America Corp is preparing to provide critical financing to Remington Outdoor Co, which makes assault-type rifles, just weeks after the U.S. bank said it would stop financing “military-style” firearms for civilians. The bank is contributing $43.2 million to a $193 million lending package funded by seven banks, according to court documents, which will help put Remington back on stable footing as it emerges from bankruptcy later this month into an uncertain environment for gun makers. The package replaces a similar credit facility the banks committed to providing Remington. Both were agreed in late March, before Bank of America,...
  • Take the Bank of America Challenge! [vanity]

    05/03/2018 11:05:41 AM PDT · by Slings and Arrows · 35 replies
    Me, via YouTube ^ | 5/3/18 | Me, as "Hopalong Ginsberg"
    2A before BoA I have stopped doing business with Bank of America over their anti-Second Amendment policies.
  • Wells Fargo Pays $1 Billion to Federal Regulators

    04/20/2018 9:18:30 PM PDT · by catnipman · 71 replies
    NYslimes ^ | 4/20/2018 | MATTHEW GOLDSTEIN
    Wells Fargo will pay two federal regulators a total of $1 billion to settle an array of investigations into its mortgage and auto-lending practices. Customers were forced to pay for extending the length of so-called interest rate locks on mortgage applications even when the bank was responsible for delays in the application process. Thousands of customers who bought cars with loans from Wells Fargo were forced to buy unnecessary insurance policies from the bank with premiums that topped a $1,000 a year. The bank said the policies could have contributed to about 27,000 customers having their cars repossessed after defaulting...
  • Wells Fargo Stems the Tide: Not a Bank’s Job to Set U.S. Gun Policy

    04/16/2018 4:41:47 AM PDT · by servo1969 · 25 replies
    Breitbart ^ | 4-15-2018 | AWR HAWKINS
    Wells Fargo stemmed the tide of the push for new financial restrictions on gun makers and sellers by stressing that it is not a bank’s job to set U.S. gun policy. Wells Fargo believes firearm policy is a debate for Congress instead. According to Reuters, Wells Fargo CEO John Shrewsberry said, “The best way to make progress on these issues is through the political and legislative process. In the meantime, Wells Fargo is engaging our customers that legally manufacture firearms and other stakeholders on what we can do together to promote better gun safety in our communities.” Wells Fargo’s refusal...
  • GOP Congressmen Target Citibank’s $700 Billion Contract Over ‘Anti-Second Amendment Policies’

    04/14/2018 1:14:37 AM PDT · by LibWhacker · 22 replies
    Daily Caller ^ | 4/12/18 | Peter Hasson
    Sixteen Republican congressmen are asking the General Services Administration (GSA) to reevaluate a $700 billion contract with Citibank as a result of the the financial institution’s “anti-Second Amendment policies.”The congressmen, led by Indiana Rep. Todd Rokita, sent a letter to GSA Administrator Emily Murphy on Wednesday, asking her to terminate the contract in response to Citibank’s March announcement restricting its clients participation in gun sales.“In 2017, the General Services Administration (GSA) awarded Citibank a contract of more than $700 billion to partially implement the federal charge card program, SmartPay 3,” the congressmen wrote in the letter, a copy of which was obtained by The...
  • Citi cracks down on gun sales: 'We want to do our part'

    03/22/2018 3:39:16 PM PDT · by mojito · 69 replies
    ABC News ^ | 3/22/2018 | Emily Sharpiro
    Global bank Citi is starting a new commercial firearms policy within the U.S. "to do our part as a company to prevent firearms from getting into the wrong hands," the company said today. The new policy requires its new retail sector clients and partners to follow several practices: not sell guns to someone who didn't pass a background check; not sell bump stocks and high-capacity magazines; and not sell guns to people under 21 years old. Ed Skyler, Citi's head of global public affairs, said Citi has a few relationships with companies that manufacture guns, and for those relationships, "We...
  • Here Are The 17 Dem Senators That Voted To Unwind Warren’s Financial Legacy

    03/06/2018 2:34:36 PM PST · by cotton1706 · 13 replies
    dailycaller.com ^ | 3/6/18 | Robert Donachie
    Seventeen Democrats voted to proceed on a bill that would roll back major portions of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. Senators voted 67-32 to end debate on a bill that takes aim at a number of the protective barriers Dodd-Frank put between consumers, banks and the greater economy in the wake of the 2007-2009 Great Recession. Michael Bennet of Colorado Tom Carper of Delaware Chris Coons of Delaware Joe Donnelly of Indiana Maggie Hassan of New Hampshire Heidi Heitkamp of North Dakota Doug Jones of Alabama Tim Kaine of Virginia Angus King of Maine Joe...