Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
Perez applied for a student loan from Wells Fargo online to help cover the costs of her education at the Univ... . Mitzie Perez, a plaintiff in a lawsuit against Wells Fargo, poses for a photo in Los Angeles, Monday, Jan. 30, 2017.
A website soliciting complaints from Wells Fargo employees, www.dol.gov/wellsfargo , has not been working since Jan. 20, the day President Donald Trump took office, according to U.S. Sen. Elizabeth Warren, D-Mass. A website soliciting complaints from Wells Fargo employees, www.dol.gov/wellsfargo, has not been working since Jan. 20, the day President Donald Trump took office, according to U.S. Sen. Elizabeth Warren, D-Mass.
Donald Trump once described Jamie Dimon as "the worst banker in the United States," but the president-elect has helped make the boss of JPMorgan Chase & Co $50 million richer. Dimon is the top beneficiary among the 30 chief executives who run companies in the Dow Jones Industrial Average index from a stock rally inspired by Trump's election, according to a Reuters analysis of their option grants.
Jon Corzine, the former New Jersey governor who led the collapsed brokerage MF Global, has been ordered to pay a $5 million penalty for his role in the firm's alleged illegal use of almost $1 billion in customer funds. A federal court in Manhattan on Thursday granted the order against Corzine to the U.S. Commodity Futures Trading Commission, which brought civil charges against him in 2013.
Deutsche Bank AG is considering an unusual approach to providing relief to subprime mortgage borrowers as part of a $7.2 billion settlement with the U.S. government: lending money to private equity firms and hedge funds. Germany's biggest bank, dogged last year by questions about its capital levels, is exploring ways to avoid using its balance sheet to buy soured mortgages that it can partially forgive, according to a person with knowledge of the matter.
20, 2016, file photo, Senate Banking Committee member Sen. Elizabeth Warren, D-Mass., questions Wells Fargo Chief Executive Officer John Stumpf on Capitol Hill in Washington. Warren is leading a new eff... .
Former Bundesbank President Hans Tietmeyer, the last guardian of the German mark and one of the architects of Europe's single currency, has died. He was 85. "Hans Tietmeyer was an outstanding president, who always acted with a clear and firm hand that followed the goal of monetary stability," Bundesbank President Jens Weidmann said in the statement.
Two of Europe's biggest banks have been hit with fines of more than A 10billion for mis-selling toxic mortgages before the financial crisis. US regulators yesterday ordered Deutsche Bank to pay A 5.9billion for its part in the debacle - less than expected - while Credit Suisse agreed to shell out A 4.3billion.
Deutsche Bank sought to reassure staff about its financial strength on Friday, in the wake of a US$7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities. The logo of Germany's largest business bank, Deutsche Bank is seen in front of one of the bank's office buildings in Frankfurt, Germany, October 27, 2016.
Deutsche Bank has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis. The agreement in principle, announced by Deutsche Bank's Frankfurt headquarters early Friday morning, offers some relief to the German lender, whose stock was hit hard in September after it acknowledged the Justice Department had been seeking nearly twice as much.
We're here in Detroit to look at what JPMorgan Chase has done with a five-year commitment to invest $100 million in the city. Why is an initiative like this good business for you as well as for Detroit? I would do it for moral reasons alone.
Yuri Khilov, while head of Deutsche Bank AG's Russia equity trading desk, allegedly engaged in "large-scale" market manipulation from 2013 to 2015, using accounts that he opened in his relatives' names, according to the Russian central bank. Khilov is accused of booking trades in the name of Deutsche Bank's London office and then buying and selling stocks for his relatives within minutes, skimming the profit, the Bank of Russia said in a statement Tuesday.
If you used an Optimum login , click the Connect Account button to use your Optimum login info to manage your Newsday subscription account. If you used a Newsday login , it looks like it's not connected to an active subscriber account.
Legislation introduced by two Democratic lawmakers on Thursday would allow Wells Fargo & Co. customers to go to court, instead of private arbitration, to resolve claims about accounts opened without authorization, according to a media release.
Wells Fargo & Co. wants a federal court judge in Utah to order that customers suing the banking giant over improper sales practices submit their claims to binding arbitration.
European banks may reach faster, less costly settlements with the U.S. Department of Justice as a result of Donald Trump's unexpected triumph in the U.S. presidential election, according to Barclays Plc analysts. "Some Democrat appointments at the DoJ have only a few weeks left before they are replaced," London-based analysts Mike Harrison and Jeremy Sigee wrote in a note to clients on Friday.
Bay Area billionaire philanthropist Herb Sandler, who was among those blamed for the 2008 mortgage meltdown that triggered the financial crisis, has edged back into the spotlight thanks to the WikiLeaks hacking of the email account of Hillary Clinton's campaign chairman, John Podesta. The hacked emails from Podesta show a close relationship between the wealthy Clinton donor and longtime Clinton confidante, who worked as the Sandler Foundation's grant consultant for the past 21 months.
At a Lincoln Center gala that raised $3.1 million Tuesday night, Dave Matthews and Yissy Garcia, a woman drummer with a mohawk, played for Evercore Chief Executive Officer Ralph Schlosstein and Citigroup's head of corporate and investment banking, Raymond McGuire. Thank President Obama for giving the bankers the opportunity.
Wall Street sold off on Tuesday, with the S&P 500 closing at the lowest level since July 7, amid growing concern over the impending U.S. presidential election and prospects for higher U.S. interest rates. Stocks pared losses after falling steeply in early afternoon trading as the S&P 500 breached a key technical level.
The Massachusetts crusader has fired off a letter to Wells Fargo's auditor KPMG asking why it didn't catch onto the widespread fraud at the bank. KPMG: "We have received the letter and are currently reviewing it.