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Monday, August 21, 2017
Banking
A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, February 10, 2015. REUTERS/Jim Young

Wells Fargo Schemes Prove The Value Of Vigorous Bank Regulation

Regulators slapped the fine on Wells Fargo through a settlement after discovering that employees created fake email addresses, fraudulently applied for credit cards and moved unwitting customer’s money to the new accounts. The misbehavior earned bonuses and let employees meet aggressive sales quotas.

September 17, 2016
Wall Street

Wall Street’s View Of Itself In Bernie Sanders’ Campaign: Maligned, Misunderstood

“I, frankly, despise him,” said Michael Bachner, 59, a criminal justice attorney whose clients include Wall Street investors.

April 18, 2016
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, in Beijing, China, January 21, 2016. REUTERS/Jason Lee

Got Hot Money To Hide? We Can Help!

The hastily-rejected first draft of a new TV commercial for the Mossack Fonseca law firm, exposed in the ongoing “Panama Papers” scandal.

April 12, 2016
China, US, Banking, Economy, World News, Asia Infrastructure Investment Bank, International Relations, Coattails, Obama

Brouhaha Over Bank Reflects Shifting Power Dynamic Between US, China

While Obama accuses China of free-loading off of American international act’s, the Asian power goads the US, as 46 other nations sign-up for the Asia Infrastructure Investment Bank.

April 2, 2015

Banking Goes Postal

Could the United States Postal Service become a financial lifeline for vulnerable American families?

March 2, 2015
Photo: A cache of leaked secret bank files from 2005 to 2007 showed that HSBC provided accounts to international criminals, corrupt businessmen, politicians and celebrities (AFP/Fabrice Coffrini)

SwissLeaks Files Show HSBC ‘Helped Clients Dodge Tax’

Newly-revealed documents show that HSBC opened Swiss accounts for criminals, businessmen, politicians and celebrities.

February 9, 2015

U.S. Treasury ‘Approved BNP Iran Licenses’

Washington (AFP) – U.S. authorities authorized BNP Paribas to operate in Iran earlier in the year, even as they considered penalties against the French bank for earlier breaking an embargo imposed on the country, a Treasury official said. The U.S. Treasury Department granted the bank two licenses in February and March for transactions in Iran […]

June 12, 2014

An American Banking Revolution Awaits

Vermonters aren’t like the rest of us: They live in a small state with a flinty history and a legendary suspicion of outsiders. That independent streak gained luster when 15 Vermont towns voted earlier this year to reinforce this independent tradition by approving a proposal to create a state bank. The Vermont Economic Development Authority would get a […]

May 23, 2014

U.S. Judge Suspends Chinese Units Of ‘Big Four’ Auditors

Washington (AFP) – A U.S. judge has ordered Chinese units of the “Big Four” global accounting firms to be suspended from auditing U.S.-traded companies for six months, saying they “willfully violated” U.S. laws. The 112-page ruling by U.S. Securities and Exchange Commission (SEC) administrative law judge Cameron Elliot could temporarily leave more than 100 Chinese […]

January 24, 2014