Five of the world’s top banks will pay over $5 billion in fines after pleading guilty to rigging the price of foreign currencies. Attorney General … 5 Top Banks to Pay $5B Penalty for Rigging Foreign ExchangeRead more
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Posted inBank / News / USA Empire
JPMorgan Pays $2.6 Billion Fine to Avoid Criminal Charges in Madoff Case
The financial giant JPMorgan Chase will pay $2.6 billion to settle allegations it failed to disclose suspicions of fraud in what turned out to be … JPMorgan Pays $2.6 Billion Fine to Avoid Criminal Charges in Madoff CaseRead more
Posted inBank / Economics / News / USA Empire
Banks Stand to Make $18 Billion in PPP Processing Fees From CARES Act
Banks will make out with $18 billion in fees for processing small business Paycheck Protection Program relief loans during the pandemic, according to calculations by … Banks Stand to Make $18 Billion in PPP Processing Fees From CARES ActRead more
Posted inBank / Hindutva / India / ToMl
Punjab National Bank Delayed Red Flagging Rs 3,688 Crore DHFL Loan as Fraud
Government owned Punjab National Bank (PNB) on July 9 said it has reported a fraud of Rs 3,688.58 crore in a non performing account (NPA) … Punjab National Bank Delayed Red Flagging Rs 3,688 Crore DHFL Loan as FraudRead more
Posted inBank / News / USA Empire
Top Banks to Plead Guilty to Fraud, Antitrust Charges
Five of the world’s top banks are reportedly set to plead guilty to a number of fraud and antitrust charges in the United States. According … Top Banks to Plead Guilty to Fraud, Antitrust ChargesRead more
Posted inBank / Hindutva / India
Banks Cheated in Modi Years
Public Sector Banks accounted for 90.2% of the total amount involved in bank frauds reported in 2018-19. One phenomenon common to the years of the … Banks Cheated in Modi YearsRead more
Posted inBank / Financial crisis / News
U.S. Probes Potential Currency Manipulation by Traders at Big Banks
In the latest potential financial scandal, the United States is investigating the actions of a group of traders at the world’s largest banks. Nicknamed “the … U.S. Probes Potential Currency Manipulation by Traders at Big BanksRead more
Posted inBank / Financial crisis / India / Multimedia
Using our money saving private bank
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Posted inBank / Fossil fuel / News / USA Empire
U.S. banks prepare to seize energy assets as shale boom goes bust
Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid … U.S. banks prepare to seize energy assets as shale boom goes bustRead more
Posted inBank / Economics / Financial crisis / News / USA Empire
Justice Dept. Finalizes $13 Billion Settlement with JPMorgan
The Justice Department has finalized a $13 billion settlement with the banking giant JPMorgan Chase over the sale of toxic mortgage-backed securities at the heart … Justice Dept. Finalizes $13 Billion Settlement with JPMorganRead more