Failed Banking

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Failed bank's ex-lawyer charged with fraud conspiracy

San Francisco Chronicle 22 Mar 2019

NEW ORLEANS (AP) — A former lawyer for a failed New Orleans bank has been charged with conspiracy to commit bank fraud ... Angelo was general counsel for First NBC bank in ......

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Failed bank’s ex-lawyer charged with fraud conspiracy

The Tribune San Luis Obispo 22 Mar 2019

A former lawyer for a failed New Orleans bank has been charged with conspiracy to commit bank fraud. Gregory St. Angelo was charged Friday in a bill of information filed ... ....

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FBR to hire prosecutors on market rate in benami cases

The News International 22 Mar 2019

The FBR is eyeing to get $400 million loan from the World Bank on the name of bringing reforms into the tax collection machinery, but experts are extending warning that any such reform programme must be devised keeping in view the reasons for failing in last WB funded Tax Administration Reform Project (TARP) during the Musharraf-Aziz regime....

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Financial risks are growing

The Post and Courier 22 Mar 2019

Last year, for instance, a number of smaller banks were exempted from stress tests, indicating a more lax political attitude toward bank solvency. And this month the Fed voted, deplorably, to stop making public its “pass/fail” judgments on big banks’ financial stability....

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SBI raises Rs 1,251 crore to boost capital ratios

The Times of India 22 Mar 2019

The bank may explore follow-on public offer or qualified institutional placement or rights issue for the same, it said Friday in a regulatory filing to stock exchanges ... The banking regulator said that HDFC Bank and ICICI Bank are also in the category of banks which are too big to fail....

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Czech Republic - Factors To Watch on March 22

This is Money 22 Mar 2019

All seven members of the Czech National Bank board will attend the March 28 monetary policy meeting, the central bank said on Thursday ... The Social Democrats have failed at different times since 2014 to convince ruling coalition partners to back a bank tax....

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Who nabbed Nirav Modi?

Deccan Chronicle 22 Mar 2019

This Nirav saga of flight after a massive fraud on an Indian bank brings up the question of how the United ... Of course, since the diamond merchant’s is a case of outright bank fraud, his extradition should be a smoother affair than in the case of failed business tycoons....

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Deutsche Bank top management gets bonuses for first time in four years

RTE 22 Mar 2019

Deutsche Bank's management board members were awarded their first bonuses in four years, a disclosure today showed ... Deutsche Bank and Commerzbank declined to comment.  ... Deutsche Bank would not have entered talks if the bank expected negotiations to fail, a second person with knowledge of Sewing's thinking said. ....

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W-B Councilwoman Gilbert sued for failing to pay debt

The Citizens' Voice 22 Mar 2019

Gilbert, a freshman councilwoman who held a re-election campaign kickoff Tuesday, was targeted this week in a small-claims lawsuit alleging she failed to pay $1,876 in debt to Discover Bank ... It is the third time since last year Gilbert has been sued in small-claims court for failing to pay her bills....

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Banking association: Not for interest cartelling

The Himalayan 22 Mar 2019

A banking association is similar to other professional associations, in that it gathers intelligent, like-minded professionals to provide participants with access to a variety of opinions and ideas ... Based on the cost of deposit, the bank’s lending rate is marked up ... Sharma is branch manager, Kumari Bank, Hetauda. The post Banking association....

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‘Slap-Gate’ to spot-fixing allegations: The biggest controversies that hit the IPL

Indian Express 22 Mar 2019

The decision was announced by then BCCI president N Srinivasan after the IPL franchise failed to furnish a new bank guarantee ... The 2009 winners of the IPL, Deccan Chargers, were excluded from the cash-rich league after the franchise failed to submit a bank guarantee to the Indian cricket board....

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Failing businesses

The Hindu 22 Mar 2019

In the past few years we have seen the collapse of various and big industrial groups; many have failed and are in debt....

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Detroit’s disregard for its past has encroached on Hamtramck

Hamtramck Review 22 Mar 2019

The Detroit Land Bank Authority can add another blunder to its rocky tenure. The organization had previously come under scrutiny for failing to monitor a demolition contractor’s work. The contractor had been using improper backfill for housing structures that had been razed ... Thanks for nothing, Detroit....