Ex-Barclays CEO Jes Staley tells court bank ‘well aware’ of his Jeffrey Epstein links | Barclays
Jess Staley, former Barclays CEO, is trying to convince the High Court that when the pair sent a letter to financial regulators claiming they had “no close relationship,” the bank knew the extent of their relationship with child sexual abuse offender Jeffrey Epstein. The debate forms part of Staley's attempt to challenge the Financial Conduct […]
Bank error in your favor: Citigroup admits it mistakenly credited a customer $81 trillion – instead of $280.00 – The Independent
Your support will help us tell the story From reproductive rights to climate change to big technology, the independence is on the ground when stories develop. Whether you're researching the finances of Elon Musk's Pro-Trump PAC, or producing the latest documentary, The Words, we are shedding light on American women fighting for reproductive rights, but […]
JPMorgan Chase CEO Admits US Banks ‘Push People Out of the System’ After Trump Hammers Chase, Bank of America Over Abrupt Account Terminations – The Daily Hodl
Jamie Dimon, CEO of JPMorgan Chase, is working on a debate over how and why some American citizens and businesses are being kicked out of the banking system. After meeting with a Republican lawmaker in Washington, D.C. on the subject of “getting away,” Dimon told reporters that Chase never drops clients to religious or political […]
Democrats say they fight for you — while laughing all the way to the bank
The other day, Senator Jasmine Crockett (D-Texas) said something all Democrats really believe: Your money isn't yours. In a recent interview, Texas Democrats dismissed the idea that Americans should maintain $5,000 in their income, scoffing, “Americans don't need $5,000.” She went even further and said, “We're not a money-giving business.” Such isolated arrogance could only […]
Bank regulation agency CFPB won’t die — despite Trump’s best efforts
After the nuclear disaster, it is said that mice and cockroaches are the only survivors. And perhaps the Consumer Financial Protection Bureau. The agency, known in the banking world for its DC and its acronyms, was created by Sen. Elizabeth Warren and former President Barack Obama as consumer protection regulators in the aftermath of the […]
TD Bank Says Guidepost Solutions Will Oversee AML Compliance Remediation Efforts – PYMNTS.com
TD Bank US authorities said Thursday (February 27th) chose a consulting company. Guide post solutions As an independent monitor to oversee bank remedial efforts. Leosalomthe US head of TD Bank said in the bank's revenues, Ministry of Justice and Ministry of Finance's Financial Crime Enforcement Network (Fincen) Monitor and Wall Street Journal were jointly selected […]
National Bank sticking with guidance despite tariff threat – Yahoo Canada Finance
The National Bank of Canada believes that uncertainty due to potential tariffs is growing, but says it has not yet adjusted its revenue expectations due to the threat. Banks, like others who have reported so far, are still keeping their forecasts for growth per single share, so they're not in the way of hits. “We […]
BlackRock, Bank of America drop DEI policies amid White House’s war on ‘woke’
BlackRock and Bank of America have dropped their diversity, equity and inclusive policies. After the White House declared a woken war in Corporate America, it became the latest Wall Street giant to abolish the controversial initiative. Regulatory submissions reviewed by the Post show that BlackRock, the world's largest asset manager, Larry Fink, is under $11.4 […]
FDIC Ends Disclosing Total Assets of Banks on “Problem Bank List,” as Disclosure Might Suddenly Trigger a “Disorderly Run” – WOLF STREET
Is there a “unrealized loss” disclosure on the bank's balance sheet next? Wolf Richter on Wolf Street. Travis Hill, chairman of the FDIC board of directors who was sworn in as Vice Chairman of FDIC on January 5th, issued a statement along with documents from FDIC quarterly report on FDIC Insurance Banks as well as […]
Republicans urge Trump to recognize West Bank as Israeli territory
First on FOX: A group of Republican lawmakers have recognized President Donald Trump's heat as Israeli territory after suggesting the president is considering such changes. A new letter to Trump led by Rn.Y. Rep. Claudia Tenney, is a difficult territory that both Palestinians and Israelis occupy as the “shared Judeo Christian heritage” of the American […]