How a $1.8 Billion Indian Bank Fraud Lasted Seven Years

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The story of how India’s biggest bank fraud proceeded undetected for seven years includes an $81 million cyber-heist in neighboring Bangladesh, penny-pinching lenders and a series of missed opportunities. In 2016, after discoveries that intruders had infiltrated the Bangladeshi central bank’s computer systems to spreads and various government agencies move to investigate, one thing rests […]

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Ten Years After the Crisis, Banks Win Big in Trumps Washington

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In early February, with the Treasury secretary testifying about mad gyrations in the stock market and the Federal Reserve leveling unprecedented sanctions against American Bankers Association. Things” are glancing up for “the consumers ” of the banks, appearing up for their own economies, and for the banks as well ,” he says. Some of those […]

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For Chinas Wealthy, Singapore Is the New Hong Kong

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When more than 80 of China’s wealth directors amassed lately at the Shangri-La hotel on Singapore’s resort island of Sentosa, the clatter during tea breaks deterred returning to one theme: Hong Kong is starting to be eclipsed by Singapore as the favorite destination for the richness of China’s rich. At stake for banks in both […]

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Australias Biggest Bank Names Matt Comyn as CEO, Replacing Ian Narev

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Matt Comyn has just taken on one of the most difficult jobs in corporate Australia. The 42 -year-old was Monday breached anti-money laundering the regulations and trying to restore a reputation smashed by claims of mistreating patrons. More bad news may be aired at a behavior starting next month. Comyn, who currently heads Commonwealth’s retail […]

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Why Wall Street Hasnt Had Its #MeToo Moment Yet

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Three women who’ve had long vocations in banking sat down for lunch together in Manhattan on the first Wednesday of its first year. It didn’t take long before they requested one another the issues to: Why hasn’t the Harvey Weinstein effect affected investment? After the movie mogul was accused last October of sexual harassment and […]

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FBI investigates Russian-linked Cyprus bank accused of money laundering

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Request for financial information may be connected to research into possible plot between Trump and Kremlin The FBI has asked officials in Cyprus for financial information about a obsolete bank that was used by affluent Russians with government alliances and has been accused by the US government of money laundering, two sources have told the […]

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Trump’s personal banking information handed over to Robert Mueller

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Deutsche Bank, Donald Trumps biggest lender, is forced to submit reports after special lawyer problems subpoena Donald Trump’s banking information has formally been turned over to Robert Mueller, the special counsel who is investigating whether the president’s expedition conspired with the Kremlin during the 2016 presidential election. Deutsche Bank, the German bank that complies with […]

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Theres an $814 Million Mystery Near the Heart of the Biggest Bitcoin Exchange

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Among the many puzzles at the heart of the cryptocurrency grocery are these: Does $814 million of a digital sign known as tether truly dwell? And exactly what he tether’s connection to Bitfinex, the world’s biggest bitcoin exchange? This is the state of crypto in late 2017, where the issue of the companies behind the […]

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Saudi Arabia Says Only Private Accounts Suspended in Crackdown

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Saudi Arabia said it has only frozen the bank accounts in persons and not those of the companies they own or succeed, as the domain seeks to ease strain among global investors over a crackdown that’s seen princes and billionaires arrested. The action, is a description of Saudi powers as an anti-corruption drive, applies only […]

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Iceland PM sold bank assets hours before financial crash, leaks show

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Exclusive: Bjarni Benediktsson, current Iceland leader, sold billions of krna of Glitnir resources before district took authority in 2008 The current prime minister of Iceland sold almost all his remaining assets in a major Icelandic bank’s investment fund on the working day the government hijacked mastery of the country’s crumbling fiscal sphere at the crest […]

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