Search Results for: wells fargo

Wells Fargo fined $185m for opening 2 million fake accounts

wells-fargo-fake-accounts

A top US bank, Wells Fargo, has agreed an $185 million payout settlement with California and federal regulators after it opened more than 2 million fake accounts not authorized by customers. It is the company’s second instance of fraud in recent months. “Wells Fargo employees secretly opened unauthorized accounts to …

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More Americans opting out of banking system

JP Morgan Chase bank

In the aftermath of one of the worst recessions in history, more Americans have limited or no interaction with banks, instead relying on check cashers and payday lenders to manage their finances, according to a new federal report. Not only are these Americans more vulnerable to high fees and interest …

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How 37 banks became 4

4 banks to 1

If you were wondering how banks got “too big to fail,” here’s a good place to start. This chart shows us how, over the last couple of decades, 37 banks have became just 4 mega-banks. These same 4 mega-banks have, thus far, been immune to the consequences of any and all of …

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False flag cyber attack on US banks to be blamed on Iran

Over a month ago we featured an article titled The NWO Agenda Would Move Forward with This One Simple Act, which stated the one event that could accomplish all of the agenda’s goals in one shot would be “a false flag cyber attack on Western banking institutions that they can pin …

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Digital Trends to Keep an Eye on This Year

Digital trends are moving so fast due to the advancements in technology. Every year, we see a lot of changes, which impact the digital community, as well as end-users. While some of them have negative effects, most of them bring some really positive effects. In this post, we are focusing …

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Major banks under investigation for ties to Mexican drug cartels

Charles Schwab Corp. founder and chairman Chuck Schwab

Federal regulators in the United States are reportedly investigation no fewer than two major American banks with regards to their relationships with clients believed to be tied to Mexican drug cartels. Reuters reported exclusively on Wednesday this week that the US Securities and Exchange Commission is probing both Charles Schwab …

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Fintech Boom in the United Kingdom Despite Brexit Worries

The ravages of a Brexit have failed to dissuade investors from plowing money into the UK’s burgeoning FinTech sector. Foreign investment levels in the United Kingdom’s FinTech arena are soaring, in spite of the exodus of European Union migrant workers, and lower levels of net migration into the UK. British …

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These companies are hinting at a global recession

Recession recovery

From Filip Karinja, for Birch Gold Group Despite the mainstream media running headlines like “Nowhere to go but up“, the numbers coming out on the health of the economy tell a different story. To be sure, there are some companies doing well at the moment; the media has a field day parading around …

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Morgan Stanley’s profit plunges 42%

Morgan Stanley

Wall Street bank Morgan Stanley’s profit slumped for the second straight quarter as investors fled the bond, currency and commodity markets amid uncertainty about the timing of a U.S. interest rate hike and concerns about China’s cooling economy. Morgan Stanley, the last of the big U.S. banks to release third-quarter …

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CNBC admits central banks rule the world

world with money

It’s a central bankers’ world, and we’re all just living in it. Entities such as the Federal Reserve and the European Central Bank in 2012 took control of global economies like never before. Based on current market and economic behavior it’s likely to be years before anything changes. After all, …

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How Do You Increase Your Borrowing Capacity

Universally, your borrowing capacity may be used in relation to the total amount of loan or credit you are worth. Also, it can mean, the maximum individual limit applicable to you in terms of financing. Borrowing capacities usually vary from one lender to another; this may be down to the …

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What Could the Impacts of Tesco’s Takeover of Booker Be?

Tesco Booker

Tesco’s recent takeover of Booker, Britain’s largest wholesaler, has certainly ruffled some feather amongst certain groups, and the controversy is likely to continue for the foreseeable future. As the effects of this significant move become clearer, it is likely that all eyes will be on Britain’s largest grocer. Here are …

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Google removes Palestine from its maps

Google removes Palestine maps

The Palestinian Journalists’ Forum has denounced Google for deleting the name of Palestine from its maps and replacing it with Israel. In a statement released yesterday, the forum said Google’s decision to remove Palestine from its maps on 25 July “is part of the Israeli scheme to establish its name …

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Whistleblower: HSBC still laundering money for terrorists, drug cartels

HSBC drugs and terrorism financing

Big banks are apparently too big to jail, even when they bankroll terrorists and drug cartels, while regular people fill the prisons in the world’s largest drug population for mostly non-violent drug offences. As a former Anti-Money Laundering Officer at HSBC, Everett Stern was arguably never actually supposed to catch money …

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