Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
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.
The Senate is expected to vote next week on the confirmation of Jelena McWilliams to become the chair of the Federal Deposit Insurance Corp. The nomination of McWilliams, the chief legal officer at Fifth Third Bancorp, was approved by the Senate Banking Committee in February by a vote of 24 to 1, with only Sen. Elizabeth Warren, D-Mass., opposing the confirmation. On Thursday, Senate Majority Leader Mitch McConnell filed a cloture motion that sets up debate by the full Senate on the nomination.
Wells Fargo said Friday it has agreed to pay $480 million to resolve a class-action lawsuit brought by shareholders who claim the bank misstated or failed to disclose details about its sales practices. The San Francisco-based bank said that the agreement is in principle, and must be approved by the court before it's finalized.
A sign is seen Friday, Aug. 11, 2017, at a Wells Fargo bank location in Philadelphia. Wells Fargo says it has agreed to pay $480 million to resolve a class-action lawsuit brought by shareholders who claim the bank misstated or failed to disclose details about its sales practices.
Former pastor Mark Harris is back to challenge Robert Pittenger for the ninth Congressional District. While their respective websites can tell you where the candidates stand on issues, it's more difficult to understand "who" is funding these campaigns and how money factors into the race.
Millennium Management LLC trimmed its holdings in shares of Engility by 63.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission . The firm owned 66,205 shares of the aerospace company's stock after selling 115,801 shares during the period.