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Two Ex-Vatican Bank Chiefs To Be Tried For Money Laundering
Italian prosecutors on Friday said two former top executives at the Vatican bank will go on trial for money laundering, while the bank's ex-chairman was declared innocent.Paolo Cipriani, the former...
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Why 9 PhD Students Are Sharing One Bank Account
Ph.D. students are pretty much expected to be low on cash.After all, according to the National Center for Education Statistics, the average price of a year of graduate school at a public university is...
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There's A Fast-Growing US Bank That Customers Actually Love
An odd bank from an odd city is doing oddly well.The counter just inside the entrance to the branch of Umpqua Bank offers locally made hand cream rather than deposit slips. It has recently been used to...
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A Troubled Portuguese Bank Has The Country's Interest Rates Surging
The rate on Portugal's benchmark 10-year bond rose sharply on Wednesday amid concern over one of the country's biggest banking groups, an analyst said.In afternoon trading on secondary government debt...
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Arab Bank Held Liable For Nearly 300 Americans' Losses In First Civil...
NEW YORK (Reuters) - In a first-of-its-kind case, a U.S. jury on Monday said Arab Bank Plc provided material support to Hamas, and must therefore compensate the victims of two dozen attacks the Islamic...
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Here's Why The Biggest Banks Are Pushing Apple Pay
Between email blasts, full-page magazine ads, and website banners, big banks are promoting Apple's Apple Pay to their customers and highlighting their cooperation with the technology giant on its...
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A Wells Fargo Employee Emailed The CEO Asking For A $10,000 Raise And He CC'd...
Portland, Oregon-based Wells Fargo branch employee Tyrel Oates emailed the bank's CEO asking for a $10,000 raise for himself and his colleagues, the Charlotte Observer reported. He also CC'd 200,000...
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100 Swiss Banks Are Collaborating With The US To Cut Down On Tax Evasion
ZURICH (Reuters) - The U.S. Department of Justice (DOJ) is seeking "total cooperation" from Swiss banks in a draft agreement aimed at allowing the banks to make amends for aiding tax evasion by wealthy...
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The Largest-Ever Equity Sale In The Arab World Is Igniting A Religious...
Plans by Saudi Arabia's biggest bank for a $6 billion initial public offer of shares, the largest-ever equity sale in the Arab world, have run into religious controversy with some clerics suggesting it...
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One Chatty Banker Cost His Bank 'Millions Of Dollars' On The Alibaba IPO Deal
When in doubt, it's always better to say less.Last month, the Royal Bank of Canada had to withdraw from its role as one of Alibaba's underwriters because a wealth management executive, John Taft, said...
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The Former Head Of Europe's Most Disastrous Bank Was Just Jailed
Three former senior executives at Monte dei Paschi (MPS) have been sentenced to prison, the Italian Corriere della Sera reported Friday.Giuseppe Mussari was president of the Italian bank from 2006 to...
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Former Bank CEO Says He Led A Double Life As A CIA Agent And Hunted Osama Bin...
Most bankers spend their days building models on their Excel spreadsheets.But some of the projects Ed Hale worked on required more gusto.Hale, the former chairman and CEO of the First Mariner Bank,...
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The Truth About That Pic Of A Russian Priest Sprinkling Holy Water On Central...
You may have seen this photo passed around the Twittersphere over the last few days.Its caption says: "MOSCOW, street Neglinnaya, 2 December 2014. A priest is casting out the demons responsible for...
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Standard Chartered Will Face 3 More Years Of Close Scrutiny By The Department...
Standard Chartered has agreed to extend deferred prosecution agreements (DPAs) with U.S. authorities over its sanctions compliance program, it said on Wednesday.The deal with the U.S. Department of...
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Russian Bank Manager: 'This Is The End Of The Banking System'
"Raising rates up to 17% — that's the end of the banking system," an "emotional" senior manager of a mid-size bank told Vedomosti on Tuesday.Vedomosti is a Russian-language business publication that is...
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Here Are The Banks And Countries Most Exposed To Russia's Looming Debt Crisis
A handful of banks may be highly exposed as Russia's currency, the ruble, crashes through the floor.The chart below shows how exposed 12 major developed countries' banks are:Here's how it works: Any...
View ArticleWatch People Scramble After $2 Million In Cash Fell Out Of A Van In Hong Kong
Thousands of banknotes worth more than 15 million HK dollars (about $1.9 million USD) scattered on one of Hong Kong's busiest roads on Christmas eve, after three cash boxes fell out of an armored...
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Woman Alleges In Court Document That She Was Forced To Have Sex With Prince...
A woman has alleged in a US court document that she was repeatedly forced to have sexual intercourse with Prince Andrew, the Duke of York, The Guardian reports. The woman filed the accusation against...
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The 7 German Banks That Survived The Financial Crisis Are Still A Mess
A bank backed by authorities in Europe's most solvent economy should hardly be considered risky. Yet it came as a surprise to many that HSH Nordbank, a lender majority-owned by two northern German...
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One Sanctioned Russian Bank Will Only Deal In Cash Now
One Russian bank under sanctions from the US and European nations is going back to the good old days.Clients will have to physically walk up to a bank teller in order to withdraw cash.Sobinbank...
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