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Australia Prints Embarrassing Typo On 46 Million $50 Banknotes

Australia has become mired in a currency crisis of its own making. The RBA confirmed Thursday that 46 million new A$50 bank notes have been printed wi.....»»

Category: blogSource: zerohedgeMay 9th, 2019

OxyContin maker settles lawsuit with Oklahoma, will pay $270 million to study addiction

The landmark lawsuit against Purdue Pharma alleged that the company fueled the deadly opioid epidemic. The settlement keeps Purdue from having to participate in the first major litigation over the crisis......»»

Category: topSource: washpostMar 26th, 2019

PwC to pay $335 million over failed audits of Alabama"s Colonial Bank: U.S. regulator

A .....»»

Category: topSource: reutersMar 15th, 2019

Royal Bank of Scotland tentatively settles US claims

Royal Bank of Scotland says it has tentatively agreed to pay $4.9 billion to settle U.S. Department of Justice claims that it misled investors over the sale of mortgage-backed securities before the 2008 financial crisis......»»

Category: topSource: foxnewsMay 10th, 2018

Royal Bank of Scotland tentatively settles US claims

Royal Bank of Scotland has agreed to pay $4.9 billion to settle U.S. claims that it misled investors who bought securities backed by risky mortgages before the 2008 financial crisis. .....»»

Category: topSource: moneycentralMay 10th, 2018

Royal Bank of Scotland tentatively settles US claims

Royal Bank of Scotland has agreed to pay $4.9 billion to settle U.S. claims that it misled investors who bought securities backed by risky mortgages before the 2008 financial crisis. .....»»

Category: topSource: moneycentralMay 10th, 2018

Is Deutsche Bank Going The Way Of Krispy Kreme?

Is Deutsche Bank Going The Way Of Krispy Kreme? Now On The FDIC Watchlist. Deutsche Bank Was $119 a share in 2007, now only $11. Money for nothing – Italy monetizes (creates) 500 million out of nowhere. Will democrats at [….....»»

Category: blogSource: valuewalkJun 6th, 2018

Wells Fargo settles retail sales lawsuit for $142 million

(Reuters) - Wells Fargo & Co said on Friday a district court in California approved a $142 million class-action settlement to compensate customers who were affected by a sales scandal related to the opening of phony bank accounts......»»

Category: topSource: reutersJun 15th, 2018

Wells Fargo settles retail sales lawsuit for $142 million

Wells Fargo said Friday a district court in California approved a $142 million class-action settlement to compensate customers who were affected by a sales scandal related to the opening of phoney bank accounts......»»

Category: topSource: moneycentralJun 15th, 2018

Federal judge awards FDIC $625 million from PwC, in largest ever auditor liability award

A federal judge awarded the Federal Deposit Insurance Corporation the maximum damages possible, $625.3 million, on Monday for PricewaterhouseCoopers' negligence in auditing Colonial Bank. Coloni.....»»

Category: topSource: marketwatchJul 2nd, 2018

One trader lost $19 million on the Turkey turmoil — here are the winners and losers from the crisis

Reuters; Reuters The collapse of the Turkish lira is the big story in global markets. A big winner has been Deutsche Bank's CEEMEA de.....»»

Category: topSource: businessinsiderAug 16th, 2018

JPMorgan settles with black financial advisers who alleged discrimination

JPMorgan Chase will pay $24 million to settle a potential lawsuit from black financial advisers who say they were mistreated at the bank because of their race......»»

Category: topSource: moneySep 4th, 2018

JPMorgan Chase Settles Lawsuit Claiming ‘Uniform and National’ Racism for $24 Million

Bank will set up anti-bias, diverse recruiting fund, too. JPMorgan Chase & Co. has agreed to pay six current and former employees $19.5 million in a settlement for racial discrimination. The deal includes the establishment of a separa.....»»

Category: europeSource: fortuneSep 5th, 2018

BofA: This Is A Redux Of The 1998 Crisis.... Just One Thing Is Missing

Last weekend we highlighted the most stunning divergence observed since the great financial crisis: non-US equity markets have underperformed the US the most over a 3-month period since the failure of Lehman, a divergence which Bank of America said  "is.....»»

Category: blogSource: zerohedgeSep 7th, 2018

Abu Dhabi Bank Settles $500 Million Bond on a Blockchain

Abu Dhabi-based Al Hilal Bank has carried out a blockchain-based transaction for an Islamic bond worth $500 million......»»

Category: forexSource: coindeskNov 27th, 2018

Crypto startup AriseBank settles fraud accusations with SEC

Cryptocurrency startup AriseBank will pay $2.3 million to the U.S. Securities Exchange Commission (SEC) to settle accusations of defrauding investors through claims such as building a cryptocurrency bank......»»

Category: topSource: reutersDec 12th, 2018

Wells Fargo Jumps After Bank Settles State Probes For $575 Million

Just over a week after Wells Fargo agreed to pay $480 million to settle a class-act.....»»

Category: blogSource: zerohedgeDec 28th, 2018

Wealthfront tempts traditional bank customers with 2.24% interest on cash accounts

The accounts also come with FDIC insurance of up to $1 million......»»

Category: topSource: marketwatchFeb 14th, 2019

Mortgage crisis settlement to help fund affordable housing

Part of a $1 billion settlement received by New York from the mortgage crisis will come back to mission-based organizations to create affordable housing. The state announced a new program May 20 to award $1.4 million over two years through its Mis.....»»

Category: topSource: bizjournals6 hr. 38 min. ago

Paragon Bank exec talks new name, market expansion in Charlotte

TowneBank closed on its $324 million acquisition of Paragon Bank in January 2018......»»

Category: topSource: bizjournals12 hr. 8 min. ago