Failed Banking

Latest News for: Failed banking

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Ripple working to solve a $10 trillion real-world problem, CEO says

Cryptopolitan 14 Aug 2020

The report went on to report that after failing to draw banks and other financial institutions to move their technology mainstream, the company was moving in a new direction of making trying to become the Amazon of cryptocurrency ... He also indicated that his company had not failed ......

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Ulster Bank tells customers in error they cannot extend payment breaks

The Irish Times 14 Aug 2020

Ulster Bank wrongly told customers they were not entitled to Covid-19 mortgage payment break extensions after initially informing them that they had qualified for the concession ... In all cases Ulster Bank told clients they had qualified for the mortgage payment break extension, then told them they had failed to qualify....

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South Africans drowning in debt under lockdown hand over 500 cars and 89 homes back ...

Independent online (SA) 14 Aug 2020

But political parties have criticised the government for failing to regulate and give a mandate to the banks about how to conduct themselves during the Covid-19 lockdown crisis which has led to an economic meltdown for many South Africans ... The SA Federation of Trade Unions and Cosatu said the government should have monitored banks closely....

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LILLEY: Kielburgers and WE fall to earth after getting burned by Trudeau

Toronto Sun 14 Aug 2020

We apologize, but this video has failed to load ... When Clerk of the Privy Council, Ian Shugart, appeared before committee this week he was asked whether the finances, the state of the board, the fact that they had failed to meet their banking covenants had been looked into as part of the scrutiny Trudeau said he called for....

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Garlinghouse: Ripple Has No Intention of Becoming the Amazon of Crypto

NewsBTC 14 Aug 2020

The CEO of Ripple, Brad Garlinghouse, has re-established his commitment to cross-border payment solutions by saying the firm has no plans to change tack ... According to the FT, Ripple has failed to convince banks to adopt XRP ... This future, he claims, is possible as Ripple has already built a network of banks and financial institutions as contacts....

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Small businesses unable to access federal relief funds look to local sources

Pioneer Press 14 Aug 2020

Research released this month by the Federal Reserve Bank of New York predicted that Black-owned businesses are twice as likely to fail during the pandemic as businesses in general, partly because of having weaker financial cushions....

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ROSEN, A LONGSTANDING AND TRUSTED FIRM, Reminds Deutsche Bank Aktiengesellschaft Investors of Important Deadline in ...

The Saratogian 13 Aug 2020

(1) Deutsche Bank had failed to remediate deficiencies related to its anti-money laundering compliance, its disclosure controls, procedures, and internal control over financial reporting, as well as its U.S. operations' troubled condition; (2) as a result, Deutsche Bank failed to ......

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Morgan Stanley Accepts $175,000 Fine from FINRA to Settle Charges

Finance Magnates 13 Aug 2020

In particular, according to a document signed on the 12th of August 2020 seen by Finance Magnates, FINRA has accused the multinational bank of failing to reasonably supervise a ... However, the US authority said the bank failed to take reasonable steps to review the red flags....

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Man’s bid to loot ATM comes unstuck as cops arrive

The Times of India 13 Aug 2020

A man made a vain bid to open a Canara Bank in the wee hours of Wednesday at Nacharam ... However, he failed to lay his hands on the cash. Police said that after the accused tried to breach the machine, the bank ......

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OML 11: Rivers wins case against SPDC on takeover of Ogoni oil fields

Business Day Online 13 Aug 2020

After losing at the High Court, SPDC gave the successful EjamaEbubu Plaintiffs a Bond Guarantee stipulating that First Bank of Nigerian Limited would pay them the value of the Judgment debt and interests thereon in the event that SPDC’s appeal to the Court of Appeal fails at that Court....

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F&O: Nifty consolidative, falling volatility offers the only solace

The Times of India 13 Aug 2020

Nifty opened positive on Thursday but failed to hold above 11,350 level and remained consolidative for most part of the session ... Bank Nifty opened positive but failed to hold above 22,400 level and drifted towards the 22,150 mark ... weak in ACC, Biocon, Shree Cement and Kotak Bank....

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A local recovery

Finance & Commerce 13 Aug 2020

Now, with Congress failing to reach agreement on extending the $600 weekly unemployment benefits to workers, and uncertainty about another round of Paycheck Protection Program funding, community banks are bracing for a wave of negative economic consequences ... In the first PPP round, the bank made about 155 loans for a total of about $10 million....

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Gustafson to be arraigned Aug. 25 on IRS charges

The Bradford Era 13 Aug 2020

The indictment alleged he replaced a known bank account with an undisclosed bank account and failed to disclose it to either the federal bankruptcy court or to the IRS; filed a false Form 433-A on which he was required to truthfully provide information on his assets and financial ......