Failed Banking

Latest News for: Failed banking

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Dutch banks’ customers ‘unknowingly’ profit from palm oil companies

Mongabay 15 Dec 2018

Dutch banks ABN AMRO, ING and Rabobank are failing to inform their customers that investment funds they offer include shares in palm oil companies damaging the environment in Indonesia, according to a new report by Milieudefensie (Friends of the Earth Netherlands)....

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EU leaders approve small steps to buttress euro currency

American Press 15 Dec 2018

The leaders also approved giving additional financial firepower to the EU's fund that would help wind up or restructure failed banks. That would assume, however, sufficient progress in getting shaky European banks to clean up their finances....

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Opinion | The bubble is losing air. Get ready for a crisis

Live Mint 15 Dec 2018

Historically, central banks have needed to slash official rates as much as 4-5% in order to offset the effects of a financial crisis or an economic slowdown ... Central bank purchases of real estate and equities, helicopter money and more direct intervention could well fail to boost economic activity....

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High risk home buyers: Half of all mortgages are stretching new owners to the limit, warns Bank of England

This is Money 15 Dec 2018

New figures from the Bank of England reveal unprecedented numbers of borrowers are taking on what critics fear are dangerously high levels of debt in a rush for ultra-cheap loans. It will spark fears that if interest rates rise, millions may fail to make ends meet....

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Asked to co-sign? Beware!

The Portland Sun 15 Dec 2018

Q. What does it mean to co-sign a loan or a lease? ... Q ... No ... Think of it this way ... “Dude, where’s my car? And my TV?” ... If the borrower fails to make payments, you could end up losing your property ... If the borrower fails to pay, you can be sued. If the lender gets a judgment against you, your wages and your bank account can be garnished to pay for the debt....

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France’s “Yellow Vest Movement” Gets Its Own Cryptocurrency

A Bit of News 15 Dec 2018

Reasons For The Movement ... About The GJCO Coin ... The GiletJaunceCoin (GJCO) is a logical extension of the movement, given that it allows protesters to utilize their own cryptocurrency outside of a central bank or government ... The current European and the global banking system, already failing since 2008 economic crisis, is in its last days ... Source link ....

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Misplaced heart offers window into nation's organ transplant system

The Daily Republic 15 Dec 2018

For the first time in more than a decade, the government is attempting to shut down one OPO for failing to recover enough organs ... Mike Seely, executive director of the Pacific Northwest Transplant Bank, the OPO in Portland, Ore., said that "the courier failed to follow their internal policies" but that no recipient's health was jeopardized....

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NCLT issues notice to Liberty House on Castex Tech lenders’ plea

Financial Express 15 Dec 2018

The application was filed as Liberty House failed to comply with even the basic requirement of furnishing the performance bank guarantee, which was required to be given upon approval of the resolution plan by the CoC ... ....

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Leaders present the state of Goldsboro and Wayne County

The Goldsboro News-Argus 15 Dec 2018

For the two the worst was summed up in two words. Hurricane Florence ... Making that a difficult job is that an anticipated increase in sales tax revenues failed to materialize, he said ... The county was kind of banking on the quarter-cent sales tax, he said. It, too, failed to materialize when voters did not support the referendum during the Nov ... .......

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Ex-CFO of failed bank BES sues Bank of Portugal, KPMG for $4.9 bln

This is Money 14 Dec 2018

LISBON, Dec 14 (Reuters) - Banco Espirito Santo's former finance director is suing the Bank of Portugal and KPMG, demanding they pay the state 4.3 billion euros ($4.9 billion) for allegedly falsifying its accounts before the bank's 2014 collapse ... The Bank of Portugal and KPMG both ......

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MMRDA to operate monorail now, terminates contract with LT

Moneycontrol 14 Dec 2018

CPCB slaps 1 crore fine on three oil companies for failing to install anti-pollution devices ... "Since the company has failed to meet its obligations, we have decided that the bank guarantee paid by L&T-Scomi will not be refunded and would be treated as penalty," the commissioner said....

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MMRDA Terminates Monorail Contract With L&T JV

Yahoo Daily News 14 Dec 2018

The Mumbai Metropolitan Region Development Authority also took over the project and decided to operate and maintain it, besides deciding to en-cash the Rs 200-crore bank guarantee from the operator ... "Since Scomi has failed to meet its obligations, we have decided that the bank guarantee paid by the consortium will be treated as penalty," he said....

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Are the new Robinhood checking and savings products FIDC or SIPC insured?

Herald Mail 14 Dec 2018

Robinhood’s checking and savings features are not traditional bank accounts ... The agency helps manage the wind down of failed banks. But more importantly for you, it insures customer deposits of failed banks up to $250,000 and oversees banks for safety, soundness and consumer protection.What is the SIPC?....