Banks (Finance)
Top banks and insurance companies in India are facing a new challenge as they try to cope with the effects of the Covid pandemic. State tax officers from various states, including Guntur, Patna, Ranchi, and Tiruchirappalli, have started scrutinizing banks and financial companies, demanding a plethora of documents, including balance
Banks (Finance)
ICICI Bank has recently announced the introduction of a convenience fee of Rs 50 per transaction for cash deposits made at their ATMs, starting November 1st. This fee will be applicable for cash deposits between 6PM and 8AM on working days and on bank holidays. Additionally, customers who deposit more
Banks (Finance)
A federal grand jury has indicted Hopelyn Rhiannon Ausk, 24, of Stockton, California, on 17 counts of mail fraud, bank fraud, aggravated identity theft, and obstruction of justice. According to the indictment, Ausk engaged in two separate fraud schemes that targeted the Unemployment Insurance program and identity-theft victims in Northern
Banks (Finance)
The Economic Offences Wing (EOW) of the city police has registered a second FIR against global tours and travel company Cox & Kings following a 284-crore fraud complaint filed by IndusInd Bank. The executives of the firm have been booked for payment default, cheating, criminal breach of trust, and forgery.
Banks (Finance)
The Federal Reserve Board, alongside the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, has finalized a rule aimed at reducing the interconnectedness and mitigating the impact of failure from the largest banking organizations in the US. This move complements existing measures to limit interconnectedness
Banks (Finance)
Janytra Brooks, a 15-year human resources professional, has been promoted to Chief Human Resources Officer at Brookline Bancorp, succeeding Sandra Jenkins who retired on October 1, 2020. The multi-bank holding company for Brookline Bank and Bank Rhode Island, and their subsidiaries Eastern Funding and Macrolease, announced the promotion on October
Banks (Finance)
Global stocks are relatively steady as investors eye a busy session of bank earnings and shrug off concerns about the development of coronavirus treatments. The ongoing surge in European infections, which has led to lockdowns in several countries, has not had a significant impact on markets, with investors instead focusing
Banks (Finance)
Ghana has been facing intense pressure from the European Union (EU) over allegations of non-compliance with money laundering and terrorism financing regulations, but the country's Finance Minister, Ken Ofori-Atta, has fired back, calling the EU's decision "hypocritical" and "a sledgehammer thrown at us.
Banks (Finance)
Ghana's Finance Minister, Ken Ofori-Atta, has expressed strong sentiments towards the European Union's decision to blacklist the West African nation for non-compliance with money laundering and terrorism financing regulations. Ofori-Atta views the decision as hypocritical, particularly considering the recent international media reports revealing the involvement of
Banks (Finance)
As the COVID-19 pandemic slowly recedes, Wall Street banks are shedding jobs once again, contradicting their earlier promises to preserve employee positions until the end of the year. Goldman Sachs, Wells Fargo, Citigroup, and JPMorgan have joined forces to resume downsizing, while Citigroup is specifically targeting its equities trading division,
Banks (Finance)
Martin Kao, the 47-year-old CEO of Martin Defense Group, formerly known as Navatek LLC, was arrested and charged by the U.S. Justice Department for allegedly bilking the federal government out of $12.8 million in coronavirus relief aid meant to help small businesses. The investigation revealed that Kao falsified
Banks (Finance)
The financial sector was dealt a significant blow on Monday as a report by the International Consortium of Investigative Journalists (ICIJ) revealed that several major banks, including JPMorgan, HSBC, and Deutsche Bank, allegedly continued to profit from illicit dealings with disreputable individuals and criminal networks despite previous warnings from regulators.
