Failed Banking

Latest News for: Failed banking

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Failed bank robber walks out of attempted heist at bank in Pomonok area of Flushing

QNS 21 May 2019

Police are asking for the public’s assistance in finding a man wanted in connection to an attempted bank robbery in the Pomonok section of Flushing ... that the suspect walked into an Amalgamated Bank at 70-23 Parsons Blvd....

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Trump predicts NYT’s demise after suspicious financial activity report

Dawn 21 May 2019

“The Failing New York Times (it will pass away when I leave office in 6 years),” President Trump wrote in a tweet ... She thought the activity should be reported to the federal government, in part because the bank had already been hit with fines for failing to report Russian money laundering ... Deutsche Bank, however, rejected the report as incorrect....

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Megabanks still can’t find success abroad

The Japan News 21 May 2019

BloombergNEW YORK/LONDON (Bloomberg) — Time and again since Japan emerged as a global economic force, its financial leaders have hatched plans to translate their influence into investment-banking clout. Time and again, they’ve failed ... Their weakness overseas is an urgent handicap for Japan’s biggest banks, which are facing tough times at home....

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Fed's Powell: Business debt no subprime crisis, but still merits reflection

This is Money 21 May 2019

It is something that the central bank has at once tried to flag as troubling if an economic downturn causes the most indebted borrowers to fail ... In addition, the fact that only $90 billion of the roughly $700 billion CLO market is held by large commercial banks is "good news," with less risk to the companies at the core of the financial system....

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Quinn Insurance inquiry to begin public hearings next week

The Irish Times 21 May 2019

A Central Bank inquiry into alleged regulatory breaches at Quinn Insurance Limited (QIL)will commence public hearings next week ... In 2013, the Central Bank fined QIL €5 million in relation to a finding that it had failed between October 2005 and March 2010 to maintain adequate solvency margins and had insufficient internal control mechanisms....

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F&O: Bulls & bears in a tug of war to make or break the 11,883 level

The Times of India 21 May 2019

Nifty on Tuesday made an intraday lifetime high of 11,883 in the opening trade, but failed to hold on to the gains and drifted sharply towards the 11,680 level ... Nifty Bank made a new lifetime high of 30,926, but failed to hold onto the gains and drifted sharply towards the 30,250 zone....

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EU to investigate Nigel Farage over expenses funded by Arron Banks

The Guardian 21 May 2019

Move follows revelations MEP failed to declare lavish funding from year of the EU referendum The European parliament will investigate Nigel Farage for failing to declare lavish expenses funded by Arron Banks. The European parliament president, Antonio Tajani, “today refers the Farage issue to an advisory committee”, a source told the Guardian .......

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Unable to repay bank loan, farmer ends life

The Times of India 21 May 2019

A farmer in the district allegedly committed suicide on Sunday as he was unable to repay the bank loan. The bank had allegedly served the notice to seize his land ... The deceased’s relative Dashrath Singh claimed that two bank personnel came to the farmer’s residence on Sunday....

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Judge rules Trump accountants must turn over financial records

The Irish Times 21 May 2019

“I built a great business and don’t need banks, but if I did they would be there,” the president said ... The bank’s links to Mr Trump are sensitive because of political interest in the US president’s financial history and the German bank’s repeated run-ins with regulators in the US, where it has regularly failed Federal Reserve stress tests....

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Chef to punish ‘no-show’ diners who cost him £1,000 a day

Metro UK 21 May 2019

Dean Banks has had enough of absent diners at his restaurant (Picture ... Rising culinary star Dean Banks was left out of pocket last Saturday when 14 people failed to honour their reservations at his restaurant – the equivalent of 30 per cent of bookings ... Mr Banks said ... Mr Banks wants to charge £65 a head for no shows (Picture ... Mr Banks said....

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Nigel Farage To Be Investigated By EU Over Lavish Expenses Funded By Arron Banks

Huffington Post 21 May 2019

Nigel Farage is to be investigated by the EU for allegedly failing to declare nearly half a million pounds in expenses funded by Arron Banks ... Last week a Channel 4 News investigation claimed Banks, a millionaire insurance tycoon and close associate of Farage, paid for the former UKIP leader’s lavish lifestyle the year after the EU referendum....

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Nothing paid off Sandymount couple’s mortgage since 2015, court told

The Irish Times 21 May 2019

The Circuit Civil Court was told the couple owe almost €780,000 on a mortgage the fund took over from a bank ... Mr O’Kane had sought the advice of a financial adviser under the personal insolvency process but had failed to inform the bank when his relationship with that adviser ended....

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Hindujas evaluating bid for Jet

The Hindu 21 May 2019

A bank-led resolution plan for sale of Jet Airways had failed as not a single bidder submitted binding bids as required by the lenders ... Etihad does not want to invest anything more than ₹1,700 crore to retain its 24% holding and as per the bank led resolution ......