banks
Turkish Bank Tied to Giuliani Client Indicted on Iran Sanctions Bust
Two years have passed since former New York City Mayor Rudy Giuliani pressed both President Donald Trump and Turkish President Recep Tayyip Erdogan to free a gold trader charged in America’s biggest Iran money-laundering conspiracy to date.
Read moreReport: Deutsche Bank Gave Lavish Gifts to China’s Leaders
German newspaper Sueddeutsche Zeitung reports that Deutsche Bank gave expensive gifts to senior Chinese officials at a time when it was trying to establish itself as a major player in China’s financial industry.
Read more
Court Keeps Shroud on Tax Returns Tied to Trump
Without disturbing Deutsche Bank’s redactions of tax returns tied to President Donald Trump, the Second Circuit on Thursday struck one prominent name from the list of candidates.
Read moreNot a Bank
The Texas Department of Banking claims Crystal Shoemake dba Lavish Bank and Trust, and Lavish Bank and Trust International is falsely presenting herself and her unincorporated businesses to the public as a bank, despite being ordered not to, in Tarrant County Court.
Read more‘Accidental Americans’ Sue France Over US Taxes
A group representing French-American taxpayers on Thursday said it has filed a lawsuit against France with the European Commission, hoping to avoid strict U.S. compliance rules that could see them blacklisted by French banks starting in January.
Read moreTSA Class Action
A federal class action claims the Transportation Security Administration and JPMorgan Chase bank refuse to grant an $85 credit they promised for enrolling in TSA’s expedited security screening program if they categorize the enrollment “as a ‘business’ card, not a ‘consumer’ card,” a distinction without a difference.
Read moreBank Class Action
Bremer Financial Corporation bilked customers of millions of dollars by charging multiple insufficient funds fees on a single transaction, and charging both insufficient funds and overdraft fees on the same transaction, a class claims in federal court.
Read moreCriminal Complaint Targets French Bank BNP Over Sudan Abuses
Victims of war crimes in Sudan filed a criminal complaint Thursday against French lender BNP Paribas, accusing the bank of complicity in torture and genocide by acting as the regime’s “de facto central bank,” rights bodies said.
Read moreBank Antitrust
The Louisiana attorney general claims in federal court that Bank of America, Barclays Bank, CitiGroup, Deutsche Bank, et al. conspired “to fix the prices of unsecured debt issued by government sponsored entities,” including Fannie Mae, Freddie Mac, and Federal Home Loan Banks.
Read moreEU Court Scraps $37M Antitrust Fine Against HSBC
The European General Court ruled Tuesday that HSBC does not have to pay a $37 million fine brought by antitrust regulators who found that the London-based bank and several other financial institutions worked together to manipulate prices on the EU futures market.
Read morePanel Asked to Revive Lawsuit Against Former Alabama Governor
An attorney for the ousted CEO of Alabama One Credit Union asked an 11th Circuit panel Thursday to reinstate a lawsuit against former Governor Robert Bentley and his ex-legal adviser accusing them of seizing control of the institution and forcing him out.
Read moreNew York Fed Injects $75 Billion Into Money Market
The New York Federal Reserve Bank for the second consecutive day pumped money into U.S. financial markets to keep short-term borrowing rates from breaking out of the central bank’s target range.
Read moreNews Outlets Challenge Deutsche Bank Secrecy on Tax Returns
Warning of a dangerous precedent, a coalition of news organizations asked the Second Circuit on Wednesday to unseal the names of Trump-related entities and people whose tax returns are in Deutsche Bank’s possession.
Read moreFire Insurance
A class action claims Rabobank placed six-figure home insurance proceeds into noninterest-bearing accounts pending incremental disbursements for construction work after California wildfires, though the state requires the escrow accounts pay at least 2% interest, in Ventura County Court.
Read more
China Eases Up on Banks to Boost Economy
China’s central bank Friday announced it was cutting the reserve requirements for banks, in a bid to boost lending and bolster the slowing economy.
Read moreBank Antitrust
A federal judge denied large banks’ request to dismiss the GSE Bonds antitrust class action alleging the banks conspired to fix secondary market prices of bonds issued by government-sponsored entities.
Read moreWells Fargo
A woman sued Wells Fargo Bank in superior court, claiming she told it, in person and through an attorney, that it had issued a forged check for $9,837 on her account, yet it continues to dun her for money and reported her “debt” to credit agencies, in violation of the California Identity Theft Act.
Read moreUS Targets Bank for Funneling Money to Hamas
The Trump administration announced sanctions Thursday on a Lebanese bank it calls “Hezbollah’s bank of choice” and on people the administration says funneled tens of millions of dollars to Hamas through Iran’s Islamic Revolutionary Guard Corps.
Read more