As China struggles with a surge of bad loans, the head of the banking regulatory agency in Jiangsu recently penned not one but two poems in an effort to make local banks lend more responsibly. One poem is for banking supervisors; the other is for rank-and-file workers in Jiangsu's banks.
Philippine President Rodrigo Duterte is on a diplomacy roll and maybe a bank roll too. During his trip last week to China, the source of a tense maritime sovereignty dispute, the 71-year-old newcomer to his country's national politics agreed to economic deals worth $24 billion and some expect that stack [...]
Murray lost a set for first time in 11 matches, won 6-3, 6-7 (5), 6-0 at Erste Bank Open.
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Victor Cuevas, 52, Bristol, Connecticut, was sentenced by U.S. District Judge Jeffrey A. Meyer in New Haven to one year of probation and a $1,000 fine for conspiring with others to commit bank fraud in connection with his home mortgage loan applications. According to court documents and statements made in court, in the summer of 2013, […]
We have sophisticated tastes, but that doesn't mean we can afford to lose control of our budgets. Keeping tabs on our bank accounts becomes all the more difficult around the holidays, so we're staying vigilant on our quest for gifts that look pricier than they actually are. Show More Summary
The holier-than-thou Green Party candidate rails against big carbon, big banks, big pharmawhile she holds substantial investments in them.
Part I Puppet Masters of Media Propaganda In this day and age of vast amounts of news and media that bombard and compete for public attention fewer and fewer are able to discriminate fact from fiction. Shocking tabloid headlines, once...Show More Summary
U.S. Republican presidential candidate Donald Trump on Wednesday called for a “21st century” version of the 1933 Glass-Steagall law that required the separation of commercial and investment banking, a change the Republican Party also supported in its 2016 policy platform. Trump gave no...
ORLANDO, Florida - What do llamas know about banking? Probably not much, but Bank of America is more concerned with being where its customers are, hence the financial giant's quirky llama-with-red-scarf lens on Snapchat. "You wouldn't expect to see us" on Snapchat, says Meredith Verdone, SVP Enterprise, Consumer & Wealth Management at BOA. Show More Summary
Fraud losses incurred by banks andmerchants on all credit, debit, and pre-paid general purpose and private label payment cards issued globally hit $21.84 billion (bn) in 2015, with the United States (US) accounting for almost two-fifths (38.7%) of the total at $8.45bn. But by 2020 it could surpass $12bn, were [...]
(Purdue University) Yes, money can lead to happiness, but how much debt one has should also be considered in the money-happiness equation, according to a new a study from Purdue University.
These shadow banks dominate in mortgages that are insured by the FHA and the VA, including no-down-payment and low-down-payment mortgages for buyers with subprime credit ratings, the riskiest mortgages out there. Thus, FHA and VA backed...Show More Summary
From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for September 2016. In the past month, the indexes increased in 36 states, decreased in 11, and remained stable in three, for a one-month diffusion index of 50. Show More Summary
Top-seeded Andy Murray lost a set for the first time in 11 matches as he beat Martin Klizan of Slovakia 6-3, 6-7 (5), 6-0 in the opening round of the Erste Bank Open on Wednesday
A group of 16 Senate Democrats asked the nation’s financial regulators on Wednesday to strengthen proposed rules governing how companies revoke or “claw back” pay from bank executives, saying the case of Wells Fargo & Co. illustrates the need for tougher policies. The senators, led by Robert Menendez...
Andy Murray made hard work of his Erste Bank Open first round match against Slovakia's Martin Klizan, winning 6-3, 6-7, 6-0 on Wednesday. Murray is hoping to continue his fine run of form.
“Garrett’s always been in Wall Street’s pocket, now he’s helping big banks reach into yours.” Working Families Party, which is a national mission but allied with local groups like New Jersey Working Families, is putting $125k behind a media buy...Read more
Just got back from early voting, and it was quick and easy like always. Only about a ten minute wait. As many of you know, I have an election ritual of voting and then treating myself to lunch, and while I was waiting I ran into my friend Heather. She and I went to college […]
When the big banks commit fraud, their executives escape liability by pleading ignorance. This new rule would eliminate that line of defense.