U.S. Sanctions Remittance Company for Links to Cuban Army

U.S. 09/28/20, 18:09

The U.S. State Department added a Cuban remittance company to its 'blacklist' claiming that it is an institution controlled by the Cuban Armed Forces and, as such, serves the "repressive apparatus" of the island's authorities. In a statement, Secretary of State Mike Pompeo said that American International Services (AIS) and its ...

CEOs of big banks face off with House Democrats

Business 04/10/19, 08:19

The heads of some of the largest banks in the U.S. are appearing in front of Congress Wednesday, for the most significant hearing on the banking industry since Democrats took control of the House.Based on prepared testimony, the chief executives of JPMorgan Chase and Goldman Sachs, along with the CEOs ...

Cannabis banking bill advances in US House committee

Politics 03/28/19, 18:41

Legislation that would provide federal protection for financial institutions that serve state-authorized marijuana and ancillary businesses passed a U.S. House committee on Thursday. The House Financial Services Committee voted 45-15 to advance the proposed bill after amending it to include provisions to provide a safe harbor for insurance companies and improve ...

CEO of troubled Wells Fargo says bank is stronger

Business 03/12/19, 11:58

The CEO of beleaguered Wells Fargo is telling Congress the bank has cleaned up its act after a series of scandals that affected millions of customers.But Democrats - and some Republicans - on the House Financial Services Committee aren't buying it.Wells Fargo CEO and President Tim Sloan told the committee ...

New York authorities subpoena Trump insurance broker

New York 03/05/19, 19:44

New York regulators have sent a subpoena to the Trump Organization's longtime insurance broker, a request that comes days after President Donald Trump's former attorney, Michael Cohen, told Congress the president had misled insurers about the value of his assets. The brokerage, Aon, told The Associated Press on Tuesday it intends ...

Powell says Fed likely to end bond trimming by end of 2019

Business 02/27/19, 15:36

Federal Reserve Chairman Jerome Powell said Wednesday that the Fed is close to announcing a plan to end the reduction of the size of its massive bond portfolio, which looks likely by the end of the year. Powell, delivering the Fed's semiannual monetary report to Congress, faced a number of questions ...

Australia’s largest banks may face prosecution after probe

Business 02/04/19, 03:40

Three of Australia's largest banks could face prosecution following a yearlong investigation into misconduct recommended tougher oversight and better consumer safeguards.A government-commissioned inquiry found widespread misbehavior in the banking and financial services industry that often went unpunished.Commissioner Kenneth Hayne referred 24 incidents of misconduct to regulators for further investigation and ...

Inquiry’s report criticizes Australian banking misbehavior

Business 09/28/18, 03:03

A government-commissioned inquiry into misconduct in Australia's banking and financial services industry found that most of the misbehavior either went unpunished or the consequences did not reflect the seriousness of the violations.Commissioner Kenneth Hayne released an interim report Friday on his investigation. The inquiry began in December and has since ...

End of content

No more pages to load