Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
Russian money – some legitimate, some the proceeds of fraud – was channeled through a Lithuanian bank into the UK, according to a major leak of banking documents. The Guardian’s Juliette Garside has been investigating for months and describes how Prince Charles and some of England’s most exclusive schools have benefited. Plus: Ben Beaumont-Thomas on the legacy of the Prodigy’s Keith Flint
The leak of more than 1m bank transactions has shown how an estimated $4.6bn (£3.5bn) was sent to Europe and the US from a Russian-operated network of 70 offshore companies with accounts in Lithuania.
The Guardian’s Juliette Garside has been investigating the network and where the money ended up. She tells India Rakusen that money linked to major Russian fraud cases was laundered with funds from legitimate enterprise, making it impossible to trace the original source. It could then be spent on luxury goods, private school fees and property.
A charity run by Prince Charles received donations from an offshore company that was used to funnel vast amounts of cash from Russia in a scheme that is under investigation by prosecutors, the Guardian can reveal.
Money flowing through the network included cash that can be linked to some of the most notorious frauds committed during Vladimir Putin’s presidency.
Investment bank might withhold cash from former boss Lloyd Blankfein over firm’s involvement in Malaysian affair
Goldman Sachs’s decision to potentially cut bonuses for top executives over the 1MDB scandal reflects an acknowledgement of shareholder and public outrage over the debacle.
The prestigious investment bank has announced that it could withhold millions of dollars in bonuses to former chief executive Lloyd Blankfein and two other retired executives depending on the outcome of ongoing inquiries into the Malaysian fund.
Labor leader says failure to act will show Coalition ‘putting the interests of the big banks’ first
Bill Shorten says Scott Morrison must schedule two extra sitting weeks in March to fast-track the legislative changes recommended by the banking royal commission, saying failure to act quickly will show voters the government is “putting the interests of the big banks ahead of them”.
As Morrison signalled executives of the National Australia Bank should reflect on Kenneth Hayne’s “sharp” assessment of their conduct, Shorten wrote to the prime minister on Tuesday, declaring it was critical the reforms be legislated as soon as possible, and demanding two extra sitting weeks be scheduled in March.
First daughter’s name said to be ‘floating around Washington’ but it wouldn’t be her first unconventional role
The Financial Times reported on Friday that the name of Ivanka Trump is “floating around Washington” regarding the need for a new president of the World Bank.
The role will soon be open due to the surprise departure of the current president, Jim Yong Kim. But on politics Twitter, at least, the idea that his replacement might be the first daughter met with widespread derision.
Trio arrested in London on US charges as calls grow for debt claim against Mozambique to be dropped
Three former Credit Suisse bankers have been arrested in London on US charges of alleged involvement in a fraud involving $2bn (£1.6bn) in loans to state-owned companies in Mozambique.
Mozambique’s former finance minister, Manuel Chang, and a senior executive from the shipbuilder Privinvest Group, Jean Boustani, have also been arrested in South Africa and New York, respectively, in recent days.
Tired of being cast as the poster child for big banks behaving badly, Wells Fargo & Co. has been expanding its presence in the nation's capital to convince lawmakers it has changed and talking up its charitable work in their districts.
Hong Kong court orders asset management firm SSG Capital to answer questions about missing funds relating to a multi-million dollar fraud A court in Hong Kong has ordered Shyam Maheshwari, Andreas Vourloumis, and Edwin Wong, principals of the hedge fund SSG Capital, a Hong Kong-based asset management firm, to answer under oath questions about missing funds relating to a multi-million dollar fraud scheme perpetrated in the United States. The principals of SSG Capital are former Lehman Brothers executives based in Hong Kong and Singapore.
Wells Fargo & Co. suspended two executives in the midst of a federal investigation into the bank's purchase of low-income housing tax credits, according to a Tuesday report from Bloomberg.
The Greene County Democratic Party is urging 1st District Congressional candidates to debate in Greeneville - a central location in a district that stretches over a large swath of northeast Tennessee. Incumbent Republican Dr. Phil Roe, of Johnson City, and Democratic candidate Dr. Marty Olsen, of Johnson City, are vying to represent the 1st Congressional District, which encompasses 12 counties, from Sevierville and Sneedville in the west to Mountain City in the eastern most corner of the state.
Banker Jamie Dimon had said he could defeat President Donald Trump in an election because "I'm smarter than he is." While waiting for Hurricane Florence, Donald Trump mocks Jamie Dimon Banker Jamie Dimon had said he could defeat President Donald Trump in an election because "I'm smarter than he is."
Colombians are voting Sunday in a first-of-a-kind referendum that aims to curb corruption in a country where white-collar criminals are fast replacing drug gangs and paramilitary groups in penetrating the upper echelons of power. The referendum seeks to slash the salaries of Colombia's Congress members and to bring laws that make public spending more efficient and transparent.
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Wells Fargo has agreed to pay $2.09 billion to settle a government probe into the bank's creation of mortgages riddled with flaws that the U.S. Department of Justice said contributed to the financial crisis that helped unleash the Great Recession, the government announced Wednesday. Wells Fargo has agreed to pay $2.09 billion to settle a government probe into the bank's creation of mortgages riddled with flaws, which the U.S. Department of Justice said contributed to the financial crisis that helped unleash the Great Recession, the government announced Wednesday.
A leading bank CEO condemned the Trump administration's "zero-tolerance" immigration policy that led to more children and parents being separated at the U.S.-Mexico border, as did a New York nonprofit co-led by another big-bank chief. President Donald Trump signed an executive order on Wednesday ending the family separations but other immigration issues remained unresolved.
Jonathan Cavenagh, head of currency strategy for emerging Asia at JPMorgan Chase & Co., talks about the upcoming meeting between President Donald Trump and North Korean leader Kim Jong Un, the Group of Seven meeting, Federal Reserve policy, and the potential implications for the currency markets. He speaks with Yvonne Man and Yousef Gamal El-Din on "Bloomberg Daybreak: Middle East."
Stratos Wealth Partners LTD. decreased its position in Ishares Lehman 20 Year by 18.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
Former New Orleans Mayor Mitch Landrieu will be honored with the 2018 John F. Kennedy Profile in Courage Award on Sunday in Dorchester at the John F. Kennedy Presidential Library and Museum.