Banking News
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By AFP
Kuala Lumpur -
A former Goldman Sachs banker accused of involvement in the multi-billion-dollar 1MDB scandal will only be extradited to the United States after legal proceedings against him in Malaysia are completed, a minister said.
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By AFP
Bobigny -
The driver of a French cash delivery van who made off with about three million euros ($3.2 million) was charged and remanded in custody on Saturday, prosecutors said.
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By AFP
New York -
Goldman Sachs's decision to potentially cut bonuses for top executives over the 1MDB scandal reflects an acknowledgement at shareholder and public outrage over the debacle.
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By AFP
Frankfurt Am Main -
Germany's biggest lender Deutsche Bank reported Friday a profit for the first time in four years, with executives looking to convince investors and media a phase of "controlled growth" has begun.
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By AFP
Washington -
The United States said Tuesday that it has handed control of Venezuela's bank accounts in the United States to Juan Guaido, the opposition leader whom Washington has recognized as interim president.
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By AFP
Manila -
A Philippine ex-banker was handed a lengthy jail term and $109 million fine Thursday in the first conviction over one of the biggest ever cyberheists which saw $81 million stolen from Bangladesh's central bank.
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By AFP
Kuala Lumpur -
An ex-Goldman Sachs banker facing charges in the US and Malaysia over a massive financial scandal Monday had his bid to be freed on bail rejected by a Kuala Lumpur court.
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By AFP
Bucharest -
Romania's left-wing government on Friday issued a controversial emergency ordinance imposing new taxes on banks and energy companies, despite an outcry from investors.
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By AFP
Kuala Lumpur -
Goldman Sachs on Tuesday accused the former Malaysian government and state fund 1MDB of lying to the bank, after Kuala Lumpur charged the Wall Street titan over a massive financial scandal.
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By AFP
Kuala Lumpur -
Malaysia filed criminal charges Monday against Goldman Sachs and two of its former employees over the alleged theft of billions of dollars, heaping fresh pressure on the Wall Street titan over the 1MDB scandal.
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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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Banking Image
Five models and three different generations of security token devices for online banking. The newer models are in the foreground. M0tty
UBS logo Fabrice Coffrini
London's financial district, taken from a helicopter trip.
The Credit Lyonnais (now LCL) bank headquarters in Paris France Wikicommons
The Euro sign outside the European Central Bank in Frankfurt, Germany
Bank of America Brian Katt
Photo by Global X via Flickr
Members of the organization have called on their supporters to boycott HSBC and see it as a test of their faith. YouTube
A Barclays bank in Birmingham, UK ell brown
An automated teller machine (ATM). Digital Journal
GIANT: Credit Suisse headquarters at Paradeplatz in Zurich, Switzerland. Roland zh / Wikimedia Commons
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