Deutsche Bank said Monday it will pay US$ 625 million to US and UK financial authorities to settle charges that it helped Russian investors launder … Deutsche Bank to Pay Millions in Fines for Helping Wealthy Russians Launder US$ 10 BillionRead more
Bank
Posted inBank / Crime / ToMl / USA Empire
Deutsche Bank Wins in Stare-Down With Department of Justice Over Mortgage-Backed Securities Liability
Credit Suisse Also Settles While Barclays Holds Out As we’d pointed out in the context of the Security and Exchange Commission’s settlements of private equity … Deutsche Bank Wins in Stare-Down With Department of Justice Over Mortgage-Backed Securities LiabilityRead more
Posted inAsia / Bank / News / Palm Oil
HSBC financing tied to deforestation
Loans and credit from the British bank HSBC have helped support the unsustainable clearing of forests for oil palm plantations in Indonesia, Greenpeace said in … HSBC financing tied to deforestationRead more
Posted inBank / Crime / Justice / News / Racism / USA Empire
JPMorgan Chase to Pay $55M to Settle Housing Discrimination Lawsuit
JPMorgan Chase will pay $55 million to settle a lawsuit with the Justice Department accusing the bank of discriminating against more than 50,000 homeowners of … JPMorgan Chase to Pay $55M to Settle Housing Discrimination LawsuitRead more
Posted inBank / Multimedia
Whats wrong with the money multiplier
Banking 101 Part 2 — source positivemoney.org
Posted inBank / Economics / ToMl
Economic Report of the President Banking
worldwide market in derivatives over the past couple of decades: The volume of derivatives went from $10 trillion to $35 trillion in two years starting … Economic Report of the President BankingRead more
Posted inBank / Corruption
Offshore law firm runs into trouble in Las Vegas
Mossack Fonseca & Co. had a problem in Vegas. Legal papers filed in U.S. District Court in Las Vegas claimed that the Panama-based law firm … Offshore law firm runs into trouble in Las VegasRead more
Posted inBank / Crime / News / USA Empire
Goldman Sachs ordered to pay $120 million penalty for rate manipulation
Goldman Sachs has been ordered to pay a $120 million civil penalty to settle charges that it often tried to manipulate a global dollar benchmark … Goldman Sachs ordered to pay $120 million penalty for rate manipulationRead more
Posted inBank / India / Mobile / Surveillance / ToMl
Lenders Are Looking at Your Phone Data
Financial institutions, overcoming some initial trepidation about privacy, are increasingly gauging consumers’ creditworthiness by using phone-company data on mobile calling patterns and locations. The practice … Lenders Are Looking at Your Phone DataRead more
Posted inBank / Crime / News / USA Empire
Deutsche Bank Announces $7.2 Billion Settlement on Toxic Mortgages
Deutsche Bank is set to pay $7.2 billion in fines over its role in the U.S. housing market collapse, in a tentative settlement with the … Deutsche Bank Announces $7.2 Billion Settlement on Toxic MortgagesRead more