Banking News
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By AFP
London -
A series of very public sackings, suspensions and departures suggests that Britain's finance world is waking up to the toxic implications of sexual harassment and bullying in the workplace.
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By AFP
Frankfurt Am Main -
Germany and France will on Monday seek to revive the long-delayed EU financial transaction tax by proposing that member states be allowed to use the revenues to reduce their EU budget contributions, a German newspaper reported.
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By AFP
Frankfurt Am Main -
German prosecutors raided several Deutsche Bank offices in the Frankfurt area Thursday over suspicions of money laundering based on revelations from the 2016 "Panama Papers" data leak.
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By AFP
Madrid -
A mega-trial harking back to the dark years of Spain's economic crisis kicks off Monday over the alleged fraudulent 2011 listing of financial giant Bankia, with former IMF leader Rodrigo Rato in the dock.
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By AFP
Copenhagen -
A whistleblower who uncovered a massive alleged money laundering scheme at Danske Bank's Estonian branch told a Danish parliamentary commission Monday that he had notified his superiors four times about suspicious transactions but no action was ever ta...
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By AFP
New York -
Former Goldman Sachs CEO Lloyd Blankfein is the senior executive mentioned in US court papers as having met a man at the center of the 1MDB corruption scandal in Malaysia, the Financial Times reported Thursday.
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By AFP
Mexico -
Mexico's main stock index plunged nearly six percent Thursday after President-elect Andres Manuel Lopez Obrador's party introduced legislation to dramatically slash the fees banks can charge clients.Dragged down by banking stocks, the BMV index slid 6....
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By AFP
Madrid -
Spain's prime minister defied the Supreme Court in a rare move on Wednesday, stating that banks would now have to pay a mortgage tax instead of customers in opposition to what the highest court had ruled.
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By AFP
Washington -
The United States will allow eight countries to continue importing Iranian oil but only at much lower levels after the reimposition of sanctions on Monday, Secretary of State Mike Pompeo said Friday.
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By AFP
Kuala Lumpur -
A Malaysian financier at the centre of a corruption scandal surrounding state fund 1MDB maintained his innocence Friday after the US unveiled criminal charges against him and two ex-Goldman Sachs bankers.
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By AFP
New York -
US officials have unveiled criminal charges against two former Goldman Sachs bankers over the scandal-plagued Malaysian sovereign wealth fund 1MDB, raising fresh questions about corporate culture at the prestigious investment bank.
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By AFP
New York -
US officials unveiled criminal indictments Thursday against an intermediary to scandal-plagued Malaysian sovereign wealth fund 1MDB and a former Goldman Sachs banker involved in an elaborate alleged bribery scheme.
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By AFP
Frankfurt Am Main -
Germany's biggest lender Deutsche Bank reported tumbling profits and ebbing revenues in the third quarter Wednesday, failing to meet analyst forecasts as its latest restructuring weighs on performance.
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By AFP
Frankfurt Am Main -
Two closely-related tax schemes have helped banks and investors avoid tax or even syphon cash directly out of European treasuries totalling billions more than previously thought, an investigation by 19 media revealed Thursday.
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Boston based Airfox is a new service designed to provide financial access to unbanked individuals in Brazil. Digital Journal spoke with CEO and co-founder Victor Santos to discover more.
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By AFP
New York -
New York state financial regulators on Wednesday fined the Dubai-based Mashreqbank $40 million, saying it cleared millions of high-risk transactions with scant safeguards against money laundering and terrorism finance.
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By AFP
Paris -
The Swiss banking giant UBS goes on trial in Paris on Monday to face accusations it orchestrated a huge tax fraud scheme for wealthy French clients, with potential fines of billions of euros.
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London -
A no deal Brexit for the U.K. could lead to a recession, according to a leading banker. This presents a key issue as uncertainty hovers over the British government's strategy.
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By AFP
Copenhagen -
Danske Bank said Thursday it was being investigated by the US Department of Justice over possible money laundering related to more than $200 billion transferred through the Danish lender's Estonian branch.
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By AFP
Monrovia -
Liberia's central bank said Wednesday that $100 million US has been safely deposited in the West African country's reserves, dismissing rampant rumours that container-loads of banknotes had disappeared.
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By AFP
Madrid -
Spain's Supreme Court on Wednesday confirmed former IMF chief Rodrigo Rato's jail sentence of four years and six months for misusing funds in a case that sparked outrage when it was uncovered at the height of the country's economic crisis.
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By AFP
Paris -
European Union nations may boast the world's most stringent anti-money laundering rules, but recent scandals show that criminals are good at exploiting the bloc's Achilles' heel: A patent lack of coordination.
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By AFP
Copenhagen -
The whistleblower who unveiled alleged money laundering at Danske Bank's Estonian branch has come forward as Howard Wilkinson, the British former head of the lender's market business in the Baltics, local media reported on Thursday.
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By AFP
Berlin -
Germany's financial supervisor urged Deutsche Bank Monday to beef up its fight against money laundering, and for the first time used its power to embed an auditor at the country's biggest lender.
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By AFP
Zurich -
The Bank of International Settlements said Sunday the global economy risked a "relapse" of the crisis that rocked it a decade ago, warning there was little "medicine" left to treat the patient a second time.
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By AFP
Copenhagen -
The chief executive of Denmark's largest lender, Danske Bank, resigned on Wednesday as the institution said it was unable to determine how much money was laundered through its Estonian branch.
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By AFP
Copenhagen -
The chief executive of Denmark's largest lender Danske Bank announced his resignation Wednesday as the institution said it was unable to determine how much money was laundered through its Estonian branch.
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By AFP
Washington -
It was "Lehman Weekend." The moment in September 2008 when the 150-year-old investment bank Lehman Brothers collapsed, precipitating the worst global economic crisis since the 1930s.
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By AFP
Reykjav -
Banks in ruins, a currency in free fall and the IMF called to the rescue: A decade ago Iceland's worst financial crisis erupted, a traumatic experience the nation still struggles to forget.
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By AFP
Reykjav -
It's been 10 years since Iceland's economy crashed, but Asthildur Thorsdottir and her husband Hafthor Olafsson are still struggling with crippling debt and an uphill legal battle to save their family home.
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Banking Image
Members of the organization have called on their supporters to boycott HSBC and see it as a test of their faith. YouTube
GIANT: Credit Suisse headquarters at Paradeplatz in Zurich, Switzerland. Roland zh / Wikimedia Commons
UBS logo Fabrice Coffrini
Five models and three different generations of security token devices for online banking. The newer models are in the foreground. M0tty
Photo by Global X via Flickr
The Credit Lyonnais (now LCL) bank headquarters in Paris France Wikicommons
London's financial district, taken from a helicopter trip.
Bank of America Brian Katt
The Euro sign outside the European Central Bank in Frankfurt, Germany
A Barclays bank in Birmingham, UK ell brown
An automated teller machine (ATM). Digital Journal
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