Banking - Page 3

Former Vice President Joe Biden’s family has earned millions of dollars since the start of his political career, often from dealings with heavy political overtones.

In a new line of attack, the House Democrat critized Wells Fargo for financing pipelines and private prisons

International banking giant HSBC has hit back at critics of a globalist marketing campaign blasted as anti-Brexit, insisting that “quintessential Britishness” revolves around importing foreign goods.

Theresa May has reportedly struck a deal giving the UK’s financial services firms continued access to European Union (EU) markets after Brexit, by agreeing to mirror the bloc’s regulations.

British banks are prepared for Brexit and European banks have failed to prepare adequately, the head of the Financial Conduct authority has said in comments reported by Britain’s Times newspaper. European regulators are playing rough with British banks to scare businesses

Fifth Third’s $4.7 billion deal to purchase Chicago’s MB Financial is a sign that large regional banks are feeling pressure to grow and believe the regulatory environment has turned positive for bank mergers and acquisitions.

BERLIN (AP) — A German federal court has rejected a customer’s demand for her bank to include the feminine form of words such as “account holder” on official forms.

The Fed slammed Wells Fargo with a far-reaching order that limits its growth and requires the replacement of four board members.

Analysts with the proper degree of skepticism about China’s boasts of soaring economic power note that official reports from the Communist regime cannot be trusted. Another, less widely understood problem is that China’s rulers might not know how unstable their economy really is because a sizable portion of Chinese debt lurks off the books in the “shadow banking” industry.

Deutsche Bank CEO John Cryan has claimed that a “big number” of his employees will be replaced by robots eventually.

A new report states that 65% of major US banks have failed web security testing designed to determine whether or not they are vulnerable to a cyber attack.

Citigroup has warned clients that Theresa May’s position as prime minister is “unsustainable”, warning them to prepare for the government to collapse within a matter of months.

“It’s a great example of powerful government institutions punishing lower-ranking employees for systemic misconduct, and letting the big guys get away with impunity.”

According to a new report by the consulting firm Accenture, human bank tellers are on their way out.

FRANKFURT, Germany (AP) — Deutsche Bank, Germany’s largest lender, has apologized in full-page German newspaper ads for misconduct that has cost the company billions.

LONDON (AP) — Taxpayer-owned Royal Bank of Scotland says it has set aside an additional $3.8 billion to cover fines and litigation costs related to its sale of bonds backed by U.S. subprime mortgages before the global financial crisis.

Treasury Secretary nominee Steven Mnuchin’s confirmation hearings on Thursday will feature a robust call for pro-growth tax reform, debt reduction, an America-first trade policy, and dramatic cuts to overbearing federal regulation.

LONDON, Sept 30 (Reuters) – German government bond yields dropped back towards six-week lows on Friday, giving up Thursday’s oil-induced rise as concerns over the health of the country’s biggest lender resurfaced.

BERLIN, Sept 29 (Reuters) – Germany will not grant any more state aid for ailing banks, a senior lawmaker in Chancellor Angela Merkel’s conservative bloc said on Thursday, a day after the government denied it was working on a rescue plan for Deutsche Bank, its biggest lender.

Such is the scale of migration into the UK and around Europe that new banking service firms are developing products to cater to Europe’s migrants, hoping to turn a quick profit. One such product, recently launched by London-based start-up Monese,

Over $10 Billion in illicit funds are laundered into the U.S. per year, according to a report in the Financial Times. As Breitbart Texas previously reported, the U.S. government recently enacted tough controls on banking institutions in an effort to stem the flow of Mexican cartels’ narco-profits through U.S. banks. Several large U.S.-based banking institutions recently began closing down branches near the U.S.-Mexico border in efforts to comply with the restrictions.

The Office of the Comptroller of the Currency (OCC), which regulates the financial risks posed by the lending activity of American national banks, has officially reported that banks are expanding sub-prime credit by raising borrowing limits for credit card holders. The new concerns follow an OCC report last June that flagged “problematic” recent high-risk corporate takeovers, car loans through auto dealers, and commercial finance lending.

No matter what the expressed intentions of regulators might be, the practical effect of the hyper-State is to keep new upstarts out of established markets, squash small competitors, and fuel the drive toward consolidation. That’s why big business doesn’t favor small government.

Hundreds of thousands of immigrants enter the US illegally across our southwest border every year with the help of coyotes, more formally known as human smugglers. Making this journeys isn’t cheap, and can set a migrant back anywhere from $3,000 to $7,000 depending on his or her circumstances. As a result, gangs are making upwards of $10 billion per year according to the United Nations Office of Drugs and Crime. Worse yet, Bloomberg Markets magazine will be reporting in its February issue that these profits are rolling in with the assistance of several U.S. banks.

Former Florida Governor Jeb Bush will reportedly quit his position at Barclays at the end of the year. The Financial Times report comes days after Bush announced that he is “actively exploring” a potential presidential run. Before Bush’s announcement that