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Keyword: bank

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  • Judge demands answers from Jeffrey Epstein’s estate after millions of dollars flood into his dormant offshore bank in the Virgin Islands

    02/05/2020 8:55:17 AM PST · by dynachrome · 13 replies
    Daily Mail ^ | 2-5-2020 | RYAN FAHEY
    Millions of dollars that were sent from the estate of disgraced billionaire pedophile Jeffrey Epstein into a bank he owned - but appeared to never have operated as a business - has raised questions from a judge overseeing a court case over his remaining assets. In a hearing yesterday in the Virgin Islands over the disgraced financier's remaining assets, Judge Carolyn Hermon-Purcell told lawyers representing his estate she wasn't satisfied with their account of large sums being sent to a bank first set up by the pedophile in 2014. The judge has been tasked with assessing Epstein's assets and possibly...
  • Accused six-time bank robber freed by state bail reforms is finally jailed - by the feds (NY)

    01/18/2020 8:44:56 AM PST · by Libloather · 5 replies
    NY Post ^ | 1/17/20 | Rebecca Rosenberg, Bruce Golding
    An accused, six-time bank robber who’s become the face of all that’s wrong with New York’s new bail-reform law is now finally in jail - thanks to federal prosecutors, who have seized control of his case and done what no state judge was free to do. Gerod Woodberry turned himself in at the Manhattan Criminal Court building on Centre Street around 4 p.m., Friday - 18 days after his alleged spree began. “I’m Woodberry,” he told a court worker. “I’m the one that’s been robbing banks.” The feds promptly scooped him up, arguing that Woodberry, 42, had been arrested, then...
  • Google is getting into banking with the search giant set to offer checking accounts next year

    11/13/2019 10:55:53 AM PST · by C19fan · 45 replies
    CNBC ^ | November 13, 2019 | Jeff Cox
    Google will offer checking accounts next year as it partners with financial institutions including Citigroup, representing Big Tech’s boldest move yet into consumer banking. Most previous efforts have focused on credit cards and payment platforms. As part of a project code-named Cache, the company will become the latest Silicon Valley leader to try its hand at the banking space, the Wall Street Journal reported. Previous attempts by Apple and Facebook faced obstacles, with consumers growing increasingly skeptical over providing large technology companies with their personal information.
  • The Deutsche Bank Death Watch Has Taken A Very Interesting Turn

    11/05/2019 8:26:38 AM PST · by LesbianThespianGymnasticMidget · 51 replies ^ | November 5, 2019 | Michael Snyder
    The biggest bank in Europe is in the process of imploding, and there are persistent rumors that the final collapse could happen sooner rather than later. Those that follow my work on a regular basis already know that this is a story that I have been following for years. Deutsche Bank is rapidly bleeding cash, they have been laying off thousands of workers, and the vultures have been circling as company executives desperately try to implement a turnaround plan. Unfortunately for Deutsche Bank, it may already be too late. And if Deutsche Bank goes down, it will be even more...
  • Texas Man Pleads Guilty to Fraud Scheme Involving Fake Letters of Credit and Bank Documents

    10/30/2019 12:28:39 PM PDT · by ransomnote · 6 replies ^ | 10/30/19 | DOJ
    Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Wednesday, October 30, 2019 Texas Man Pleads Guilty to Fraud Scheme Involving Fake Letters of Credit and Bank Documents A Texas man pleaded guilty today to defrauding victims around the United States by selling them fake “standby letters of credit” and other forged and fraudulent bank documents.     Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division and Assistant Director in Charge Timothy R. Slater of the FBI’s Washington Field Office made the announcement.James Pierce, 43, of Spring, Texas, pleaded guilty to a three-count indictment charging him with...
  • Leftist Bank Behind Bused In 'Attendees' At Dem Debates

    10/18/2019 2:46:29 PM PDT · by justme4now · 7 replies
    Millie Weaver and crew capture footage of buses bringing in 'staged' protesters, marchers, and sign wavers to the 4th Democrat Primary Presidential Debate held in Ohio.
  • Turkish Bank Charged in Manhattan Federal Court for Its Participation in a Multibillion-Dollar tr

    10/15/2019 6:59:40 PM PDT · by ransomnote · 4 replies ^ | 10/15/19 | DOJ
    Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Tuesday, October 15, 2019 Turkish Bank Charged in Manhattan Federal Court for Its Participation in a Multibillion-Dollar Iranian Sanctions Evasion Scheme The Department of Justice announced that TÜRKİYE HALK BANKASI A.S., aka “Halkbank,” was charged today in a six-count indictment with fraud, money laundering, and sanctions offenses related to the bank’s participation in a multibillion-dollar scheme to evade U.S. sanctions on Iran.  The case is assigned to United States District Judge Richard M. Berman. “Halkbank, a Turkish state-owned bank, allegedly conspired to undermine the United States Iran sanctions regime by...
  • China’s Banks Are Running Out of Dollars

    10/07/2019 5:21:37 AM PDT · by BeauBo · 43 replies
    WSJ ^ | April 23, 2019 | Mike Bird
    China’s major commercial banks have a funding issue outside Beijing’s control: They’re running low on the U.S. dollars they need for activities both at home and abroad. The combined dollar liabilities at the big four commercial banks exceeded their dollar assets at the end of 2018, their annual results show—a sharp reversal from just a few years ago. Back in 2013, the four together had around $125 billion more dollar assets than liabilities, but now they owe more dollars to creditors and customers than are owed to them. Bank of China is by far the greatest contributor to the shift....
  • American retirees in Mexico say their life savings vanished from a Mexican bank

    09/29/2019 9:49:36 AM PDT · by aimhigh · 86 replies
    NBC News ^ | 09/28/19 | Lindsey Bomnin, Didi Martinez and Vicky Nguyen
    NBC News spoke to nine American families who say Marcela Zavala Taylor, a former banker with Grupo Financiero Monex, had gained their trust only to disappear after they discovered money had gone missing from their personal accounts. These families, whose estimated losses total more than $7 million dollars, all say they were blindsided by what had happened.
  • Fed Admits Failure of ‘Plan A’ to Control Money Market Rates, Shifts Back to Repos ...

    09/20/2019 11:35:56 PM PDT · by Yosemitest · 119 replies ^ | 20 September 2019 | Wolf Richter
    Fed Admits Failure of ‘Plan A’ to Control Money Market Rates, Shifts Back to Repos (which was ‘Plan A’ till 2008) The hullabaloo in the repo market torpedoed the function of Interest on Excess Reserves and forced the Fed to go back to the future. With its announcement this morning, the New York Fed confirmed that the Fed’s Plan A of manipulating the federal funds rate into its target range – now between 1.75% and 2.0% — has miserably failed, and that it will switch to Plan B to control short-term interest rates. But this Plan B used to...
  • Couple allegedly spends $100k after bank accidentally deposits it in their account

    09/08/2019 10:02:04 AM PDT · by NohSpinZone · 203 replies
    Fox San Diego ^ | 9/7/19 | BY TRIBUNE MEDIA WIRE
    A couple in Pennsylvania is facing theft charges and over $100,000 in overdraft fees after allegedly using money that was accidentally deposited into their bank account, WITN reports. State police said the couple living at a home on Cypress Street in Montoursville got themselves into hot water after spending money that wasn't theirs. Investigators said Robert and Tiffany Williams had $120,000 deposited into their account at BB&T May 31 through a mistake by a teller. But instead of contacting the bank about the deposit, the couple allegedly spent most of the money in just over two weeks from June 3...
  • Ohio man Michael Harrell slipped bank teller name and address during robbery

    08/02/2019 8:23:15 AM PDT · by rdl6989 · 28 replies
    New York Post ^ | August 2, 2019 | Jackie Salo
    He’s a few dollars short of a paycheck. A knucklehead Ohio bank robber slipped a teller a hold-up note — with his name and address scrawled on it, officials said. Michael Harrell, 54, entered a U.S. Bank branch in Cleveland on Monday and passed the not-so-discreet note, the FBI said.
  • Deutsche Bank slashing 18K jobs by 2022

    07/07/2019 3:36:21 PM PDT · by Libloather · 10 replies
    NY Post ^ | 7/07/19
    FRANKFURT, Germany - Germany’s struggling Deutsche Bank said Sunday it would cut 18,000 jobs by 2022, downsizing its volatile investment banking division in a restructuring aimed at restoring consistent profitability and better returns to shareholders. The Frankfurt-headquartered bank said it would cut roughly a quarter of its total annual costs, from 22.8 billion euros ($25.6 billion) last year to 17 billion euros, through steps such as dropping the investment bank’s stock-trading business. It also plans to slim the division focused on fixed-income investments. **SNIP** When complete, the job cuts are to reduce the workforce to 74,000. The bank would not...
  • Hard sell ahead for BB&T-SunTrust as ‘Truist’ lands with a thud

    06/13/2019 7:19:53 AM PDT · by C19fan · 7 replies
    American Banker ^ | June 12, 2019 | Laura Alix
    Now the hard work begins for the architects of the new "Truist Financial" brand. Truist was far from an immediate hit on social media, with many initially ridiculing it as looking like a typo. But while BB&T and SunTrust Banks may have to take some flak in the short term, the initial tweetstorm ultimately may not matter, several branding experts told American Banker right after the name was unveiled Wednesday.
  • China just took over a bank for the first time in 20 years

    05/29/2019 3:29:41 AM PDT · by BeauBo · 5 replies
    Business Insider ^ | 29 May, 2019 | Linette Lopez
    "One of the more unusual aspects of the Baoshang drama is that it's been reported — not only that, but high-level authorities have publicly expressed concern that there may be bank runs and financial institutions that 'disappear,'" J Capital Research, a China-focused investment firm, wrote in a note to clients... the balance sheets of Chinese banks are not to be trusted.
  • Paul Joseph Watson: Forget Facebook, They Want to Revoke Your Access to Banking

    05/06/2019 2:15:22 PM PDT · by LibWhacker · 62 replies
    Summit News ^ | 5/6/19 | Paul Joseph Watson
    Forget Facebook, They Want to Revoke Your Access to BankingSocial media deplatforming is only the beginning; The ultimate social credit score nightmare is coming. The biggest threat that social media censorship poses is not you being unable to access Facebook or Twitter, itÂ’s you not being able to get a mortgage or have a bank account.The end result of Big Tech silencing conservative voices is banks and corporations removing your access to the marketplace and severely restricting your basic right to buy and sell.We have already seen numerous instances of people being deplatformed by BANKS for the political opinions, from...
  • Democrats subpoena Deutsche Bank as part of ongoing investigation into Trump

    04/17/2019 3:46:45 AM PDT · by Libloather · 21 replies
    ABC News ^ | 4/16/19 | Benjamin Siegel
    The House Intelligence and Financial Services committees jointly subpoenaed Deutsche Bank on Monday as part of their ongoing investigation into President Donald Trump’s financial dealings and concerns about foreign influence over the Trump Organization, the president's family business. "As part of our oversight authority and authorized investigation into allegations of potential foreign influence on the U.S. political process, the House Intelligence Committee today issued subpoenas to multiple financial institutions in coordination with the House Financial Services Committee, including a friendly subpoena to Deutsche Bank, which has been cooperative with the Committees," House Intelligence Committee Chairman Adam Schiff, D-Calif., said in...
  • Boston Woman Sentenced for $2.7M Bank Fraud Scheme

    03/18/2019 7:00:06 PM PDT · by aimhigh · 16 replies ^ | 03/18/2019 |
    A Boston woman was sentenced last week in federal court in Boston for her role in a scheme to embezzle more than $2.7 million from Bank of America using fraudulent donations to nonprofit organizations. Brianna Alexis Forde, 36, was sentenced to four months in prison and two years of supervised release, including six months of home detention. She was also ordered to pay $778,000 in restitution.
  • Menendez, Clinton State Dept. Helped Secure Visa for Fugitive Banker's Daughter

    12/16/2014 7:27:16 PM PST · by kristinn · 16 replies
    NBC New York ^ | Tuesday, December 16, 2014 | Jonathan Dienst, Kevin Nious and Joe Valiquette
    New Jersey Sen. Robert Menendez interceded on behalf of an Ecuadorian woman who was banned from traveling to the U.S. because of allegations she had engaged in visa fraud. The woman, Estafania Isaias, is the daughter of a fugitive from Ecuador convicted in absentia for bank fraud and whose relatives in Florida made significant campaign donations to the New Jersey Democrat's 2012 campaign and the Democratic Party. Current and former U.S. government officials tell NBC 4 New York that Estefania Isaias was barred from traveling to the U.S. in 2007 because she allegedly lied on visa applications to bring immigrant...
  • Chase Bank Shuts Personal Account of Vocal Trump-Supporting US Army Combat Vet

    02/17/2019 5:32:09 AM PST · by akalinin · 98 replies
    Gateway Pundit ^ | 16.February.2019 | Cristina Laila
    Chase Bank abruptly closed the personal account of US Army combat veteran Joe “Rambo” Biggs. Mr. Biggs is a very vocal Trump supporter with a bluecheck verified Twitter account and has over 200,000 followers. “Chase bank just closed out my account!” Biggs said on Twitter Saturday. Joe Biggs told The Gateway Pundit that he was in financial good standing with Chase Bank and had an account with them for almost 20 years. “I’ve had my account with Chase since around the year 2000,” Biggs said.