How UBS fell out with Switzerland’s establishment after rescuing Credit Suisse – Financial Times
UBS staff were surprised by criticism of the Swiss bank made by Chief Executive Officer Sergio Ermotti and Chairman Colm Kelleher at an all-hands meeting last month. “They were being pretty brazen,” recalled one attendee based outside Switzerland. “The feeling was that UBS had stepped in to save Credit Suisse last year and now we […]
DNI confirms Iranian operatives give financial support to pro-Hamas groups in the US
Director of National Intelligence Avril Haines A statement was issued Iranian foreign tycoons confirmed on Tuesday that they are not only encouraging ongoing anti-Israel protests in the United States, but also providing financial support to keep them going. Protests against Israel and the United States have been ongoing since Hamas’ attack on Israel on October […]
CFPB Takes Action Against Fifth Third for Wrongfully Triggering Auto Repossessions and Opening Fake Bank Accounts – Consumer Financial Protection Bureau
Washington DC – The Consumer Financial Protection Bureau (CFPB) today took action against Fifth Third Bank for a series of illegal activities that will result in the bank paying a $20 million penalty and providing compensation to approximately 35,000 affected consumers, including approximately 1,000 who had their vehicles repossessed. Specifically, the CFPB is ordering Fifth […]
NATO chief says alliance will set up new command, establish financial pledges to support Ukraine
NATO Secretary-General Jens Stoltenberg said Sunday that the bloc is expected to agree to a five-point plan to help Ukraine in its war with Russia, including transitioning international support to a unified command and a pledge from countries to continue military support for Kiev for at least another year. Stoltenberg told reporters at a roundtable […]