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Reuters has learned that the Financial Information Authority (AIF), the Holy See's financial watchdog, wrote to the IOR in the second half of 2011 expressing its concern over several cash withdrawals and deposits by the embassies of Iran, Iraq and I
WAG THE DOG just got digital and instantaneous!!
WASHINGTON (AP) - JPMorgan chief executive Jamie Dimon met Thursday with Attorney General Eric Holder about an investigation into the company's handling of mortgage-backed securities in the run-up to the recession. Holder declined to characterize t
Our liberal media couldn’t possibly embarrass their savior with the same cover that is being seen in the rest of the world. Our cover addresses the crucial issue of paying college athletes.
Fed Economist William Bergman noticed that there had been a huge surge in currency shipments amounting to billions of dollars in currency in the July and August immediately preceding the 9/11 attack. This data was once readily available to the publi
From 2005 to 2007, Berman’s companies dominated the bidding room, spending millions to buy the liens placed on properties when owners fall behind on their taxes. He was a big player at tax lien auctions in Maryland, too, where he was caught in 2007
But under the watch of local leaders, the program has morphed into a predatory system of debt collection for well-financed, out-of-town companies that turned $500 delinquencies into $5,000 debts — then foreclosed on homes when families couldn’t pay,
The six biggest U.S. banks, led by JPMorgan Chase & Co. (JPM) and Bank of America Corp., have piled up $103 billion in legal costs since the financial crisis, more than all dividends paid to shareholders in the past five years. That’s the amount allo
There are an awful lot of millionaires at the Federal Reserve. Financial disclosure forms released Tuesday show that all seven current members of the Federal Reserve Board of Governors have assets worth more than $1 million.
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission is making more of its staff who leave the agency for the private sector subject to a one-year cooling-off period. The reform is being embraced by those who say the SEC's revolving
A businessman who amassed a £100million fortune through a mis-selling racket showed contempt for his seven million victims yesterday. Read more: http://www.dailymail.co.uk/news/article-2399464/Hamish-Ogston-Tycoon-amassed-fortune-mis-selling-rack
In a way, America itself is violating the Truth in Lending Act. It's cheering millions of high school graduates toward college every year, feeding them into the debt grinder under the banner of increased opportunity, when full disclosure would requi
JPMorgan has also disclosed that it faces probes and sanctions from multiple government entities over collections of consumer credit card debt, risk controls, anti-money laundering practices and systems for management of the capital it is required to
HSBC has already been fined £1.2bn for breaching money-laundering rules and Royal Bank of Scotland and Barclays hit with major penalties for rigging Libor, but over the past two weeks Britain's major banks have warned shareholders of the wide range
The idea of beating the banks at their own game may seem like a rich joke, but Dmitry Agarkov, a 42-year-old Russian man, may have managed it. Unhappy with the terms of an unsolicited credit card offer he received from online bank Tinkoff Credit Syst
The Department of Justice is far from JPMorgan’s only legal concern. Its SEC filing lists nine pages of lawsuits and investigations that are ongoing, including “A request for information from the New York State Department of Financial Services relati
Imagine 100 Goldman Sachs banks running America and the world. It’s happening. Forget politicians, Big Banks rule the world.
Published on Jul 25, 2013 "The U.S. Department of Justice has started a preliminary probe into the metals warehousing industry following complaints that storage firms owned by Wall Street banks and major traders have inflated prices, sources famil
Six months later, lawyers briefed on the matter say, Mr. Khuzami has accepted a job that pays more than $5 million a year at Kirkland & Ellis, one of the nation’s biggest corporate law firms. In doing so, he is following the quintessential Washington
Hundreds of millions of times a day, thirsty Americans open a can of soda, beer or juice. And every time they do it, they pay a fraction of a penny more because of a shrewd maneuver by Goldman Sachs and other financial players that ultimately costs c
Magna Carta outlined basic rights with the principle that no-one was above the law, including the king It charted the right to a fair trial, and limits on taxation without representation It inspired a number of other documents, including the US Con
Published on Jul 8, 2013 Former employees of Bank of America submitted sworn affidavits to a civil lawsuit claiming that the financial institution purposely stalled, delayed or denied home loan modifications. They also claimed that the bank enf
A piece in the Wall Street Journal dug up yet another damning fact about Jamie Dimon's J.P. Morgan Chase. This time, reporters got hold of an internal bank survey of its credit-card collections suits. It turns out that Chase's own survey found that
However, attending an event immediately after leaving office strikes many former colleagues as unseemly. Within a week of stepping down as Federal Reserve chairman, for example, Alan Greenspan was paid about $250,000 to speak at a dinner for hedge fu
One of the fundamental tenets of the “independent” foreclosure reviews of mortgage servicers ordered by the OCC and Federal Reserve Board was the independence and objectivity of the consultants. The ICs for the IFRs were supposed to determine how muc
The United States two-tiered Injustice System in full effect: A San Diego man is looking at 13 years in prison and $13,000 in fines for using washable chalk to protest the banking industry. Jeff Olson is being charged with 13 counts of vandalism for
Once again, we have more embarrassing conversations between bankers ... The Irish Independent, a Dublin-based newspaper, has uncovered tapes of an internal phone conversation from September 2008 between two executives at Anglo Irish Bank during i
The ABC15 Investigators sat down with Arizona Attorney General Tom Horne to find out. ARE FORGED DOCUMENTS AN ACCEPTABLE SHORTCUT? We were surprised to hear Horne characterize the use of forged documents as a “shortcut." “Maybe a document
National Mortgage Settlement checks for about $1,480 will be sent starting June 10, with a completion date of June 17. According to releases from various state attorneys general offices, Rust Consulting, the settlement administrator, will mail the pa
Attorney General Tom Horne announced his plan to distribute millions of dollars Arizona got from a national settlement with five large banks accused of foreclosure fraud and abusive mortgage practices.
