Keyword: banks
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looking to find a different bank, switched to a credit union that I am not sure they know what they are doing, and charge me fees just to transfer $ from one account to another for more than 4 transfers a month. I don't know who to trust on the website searches, I just want to know who is the best and cheapest
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U.S. equity markets rallied Tuesday as some of the country’s biggest banks kicked off earnings season. The Dow Jones Industrial Average gained 596 points, or 2.6 percent, while the S&P 500 rose 2.5 percent. The Nasdaq Composite surged 2.9 percent, on track to leave its bear market and stretch its winning streak to four days, the longest since February. The index must close higher by at least 40.38 points to officially exit.
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JPMorgan Chase says it will close 20% of its branches because of the coronavirus pandemic... https://www.cnbc.com/2020/03/18/jpmorgan-says-it-will-close-20percent-branches-because-coronavirus-pandemic.html
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Turkish President Recep Tayyip Erdogan was among the targets of an investigation in Turkey into suspected bribery and money laundering in connection with a scheme to help Iran evade sanctions, a former Istanbul police officer has testified. The officer, Huseyin Korkmaz, told a New York court on December 11 that the Turkish investigation that he led in 2012-2013 initially focused on Turkish-Iranian businessman Reza Zarrab, who U.S. prosecutors have said was the mastermind behind the Iran sanctions evasion scheme, but later grew to include dozens of others. He called Erdogan the "No. 1" target in a group that also included...
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It is no secret that the political Left’s wish list overflows with radical proposals that are far too unpopular to pass into law. Extreme, socialist ideas such as free college tuition, outlawing fossil fuels, speech restrictions, universal Medicare, open borders, firearm bans, and guaranteed income are just some of the menu items they dream of serving up to the American people. Thankfully, the vast majority of voters still find these ideas too hard to swallow. But liberals have never been known to let a little thing like democracy stand in the way of their grand schemes, or, as Democrat Rep....
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Former New York City Mayor Mike Bloomberg said at a private event in 2016 that his presidential campaign platform would have been to "defend the banks" and also labeled the progressive movement and Massachusetts Sen. Elizabeth Warren, now a rival for the 2020 Democratic presidential nomination, as "scary." When asked his views on the rise of the far right in Europe, Bloomberg warned about the rise of progressive politicians in the US, citing Warren. "The left is arising. The progressive movement is just as scary," he says. "Elizabeth Warren on one side. And whoever you want to pick on the...
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House Democrats are proposing that all banks and credit unions receive a new "diversity and inclusion" rating in an unprecedented step that would fundamentally alter federal regulators' critical "CAMELS" rating system that currently employs a series of metrics that solely assess the financial health of banking institutions. The "Promoting Diversity and Inclusion in Banking Act of 2019" is draft legislation supported by Democrats on the House Subcommittee on Diversity and Inclusion, which was created by House Financial Services Committee chairwoman Maxine Waters Rep. Maxine Waters, D-Calif. Waters has long pushed for government-led diversity efforts, even as Republicans have challenged her knowledge of fundamental economic issues. "We need to change it and...
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Last week, Wells Fargo and Fifth Third Bank announced they no longer would donate to the Florida Tax Credit Scholarship Program, which enables more than 108,000 low-income children and children in foster care to receive scholarships to attend a safe and effective school of choice. The move comes after the Orlando Sentinel published a piece suggesting that $105 million in tax credit scholarships had been used by families to pay tuition at faith-based schools that, as The Federalist’s Joy Pullmann put it, “uphold their faiths’ historic sexual ethics.” Businesses that contribute to nonprofit scholarship-granting organizations in the state can receive...
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GRESHAM, Ore. (KOIN/CNN) - A former employee for U.S. Bank says she lost her job for helping a cash-strapped customer who was worried he wouldn’t be able to afford Christmas presents for his kids. Emily James, a senior banker at the U.S. Bank call center in Gresham, Ore., says she was working Dec. 23 when a customer called because the bank had put a hold on his paycheck. He said his bank account was empty, and he wouldn’t be able to buy his kids presents or afford living expenses for several days. James says she tried for two days to...
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You had one job. Technically, bankers have a lot of different jobs, but in the end, they all come down to one basic skill: Knowing where all the money is, all the time. The big vaults? The armed guards? The monthly statements? The paperwork... the endless paperwork? All of those things, and even the serious suits they wear, are supposed to send a message: We can account for your money, right down to the penny. Things get more complicated at the macroscale, where the Federal Reserve and other nations' central banks operate. Their job is to know so much about...
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Three years after the colossal failure of demonetisation the Narendra Modi government has embarked on a similar venture, the FASTag programme, this time targeting road users across the country. But just a day before the November 30 deadline, by which date all vehicles plying the highways would have been mandatorily required to affix an RFID (Radio Frequency Identification) tag on their vehicles, the government blinked. And, like demonetisation, the design of this scheme also reflects a simpleton’s naivete. The announcement that those without the tag would be charged double the tariff at the toll gates set off a firestorm of...
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CHARLOTTE, N.C. — If you're systematically stealing money from a bank vault, it may not be a good idea to post the evidence on your social media pages. A bank employee in Charlotte, North Carolina, allegedly stole $88,000 from the bank's vault, according to a release from the United States Attorney's Office, Western District of North Carolina. And he wasn't bashful about advertising to his social media followers the life of luxury he was funding. The release said a criminal indictment was unsealed this week in federal court after the arrest of Arlando Henderson, 29, by the FBI in San...
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A group of Democratic senators, half of whom currently running for president, are supporting a new bill that would direct the Federal Reserve to formally factor climate-change risks into its oversight of large financial firms. Sen. Brian Schatz, (D., Hawaii) announced on Wednesday that he was joining with nine other Democrat senators on the legislation—including presidential hopefuls Sens. Elizabeth Warren (D., Mass.), Michael Bennet (D., Colo.), Cory Booker (D., N.J.), Amy Klobuchar (D., Minn.) and Kamala Harris (D., -Calif.). Rep. Sean Casten (D., Ill.) has introduced a companion bill in the House of Representatives. The bill, if passed, directs the...
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Prior to Charlie’s Angels (2019) fiery death at the box office, writer-director-star Elizabeth Banks had already formulated sexism as an excuse for her coming flop. Per IndieWire:...Already five major franchises — five — have been killed at the box office after being rebooted to exclude and demean men...And of course, the dried-up harpies blame men...A Wrinkle in Time...Ghostbusters reboot
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When the alarm went off at Jennifer Hrobuchak's work, the 22-year-old district manager didn't think twice. She got in her car in the early morning hours and headed off to the store to investigate. The new college graduate, who had hoped to have a career saving people from drugs, never saw the man run through the red light straight at her. At 82 miles per hour, he slammed Jennifer's car across the road into a building that crushed and killed her. After seven years of telling the story, her mom, Corinne, still gets emotional. And it's no wonder. The man...
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Germany's biggest lender is rapidly slashing jobs, it's losing a ton of money and the stock is trading near all-time lows. Many of Deutsche Bank's problems are self-inflicted. It's been badly mismanaged. Deutsche Bank (DB) never fully cleaned up its crisis-era balance sheet. Restructuring efforts fell short. And its countless legal black eyes haven't helped matters. But Deutsche Bank's struggles have also been amplified by something the 149-year-old lender never imagined, mostly because it had never happened before in modern history: negative interest rates. In 2014, the European Central Bank wanted to boost the sluggish economy but interest rates were...
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Deutsche Bank announced Sunday that it will pull out of global equities sales and trading, scale back investment banking and slash thousands of jobs as part of a sweeping restructuring plan to improve profitability. Deutsche will cut 18,000 jobs for a global headcount of around 74,000 employees by 2022. The bank aims to reduce adjusted costs by a quarter to 17 billion euros ($19 billion) over the next several years. The German bank’s decision to scale back investment banking comes just two days after investment banking chief Garth Ritchie stepped down by “mutual agreement.” Deutsche expects its restructuring plan to...
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Keep your eyes on Deutsche Bank on Monday. The Banks has never fully recovered from the financial meltdown in 2008......they have been suffering huge losses in the investment banking division and have been accused multiple times for financial shenanigans.....several large hedge funds and other corporate clients have quietly been moving funds out of Deutsche Bank to other Banks, creating a slow but steady run on the bank... The question is, will Deutsche Bank elect to stretch out the pain over time or use an axe to cut off all the dead weight at one time... Potentially 15,000 to 20,000 US...
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Higher Vision Church in Santa Clarita was among more than a dozen houses of worship nationwide that raised millions to donate to RIP Medical Debt, a nonprofit organization that arranges such debt payoffs, according to US News & World Report. In a drive attended by 8,000 people, the church raised $16,000 – wiping out $1.6 million in medical debt. The church, which is located in a shopping center right off the 5 Freeway at the 126, pledged to wipe out $200 in medical debt for every person who attended a service April 18 to 21.
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WASHINGTON — A key congressional committee has already gained access to President Donald Trump's dealings with two major financial institutions, two sources familiar with the House probe tell NBC News, as a court ruling Wednesday promised to open the door for even more records to be handed over. Wells Fargo and TD Bank are the two of nine institutions that have so far complied with subpoenas issued by the House Financial Services Committee demanding information about their dealings with the Trump Organization, according to the sources. The disclosures by these two banks haven't been previously reported. Both TD Bank and...
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