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Tag Archives: Banks

Westpac, one of Australia’s largest banks, has been fined a record $ 920 million

The company announced on Thursday that it had agreed to a fine of A $ 1.3 billion ($ 920 million) with AUSTRAC, an Australian financial crime regulator. Westpac also admitted under that deal that it violated anti-money laundering and terrorist financing laws more than 23 million times. “I would like to sincerely apologize for the bank’s shortcomings,” CEO Peter King …

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Deutsche Bank, JPMorgan lead downturn in financial stocks amid report that banks moved suspicious funds

A Deutsche Bank AG flag flies in front of the company’s Wall Street office in New York. Mark Kauzlarich | Bloomberg | Getty Images Financial stocks came under pressure on Monday as it was reported that a number of global banks have allegedly moved illicit funds over the past two decades, despite warnings from US officials. Deutsche Bank shares fell …

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Tyra Banks, host of Dancing with the Stars, was featured on social media to replace Tom Bergeron

Tyra Banks first took the stage as the host of ABC’s “Dancing with the Stars” Monday night, and fans were less than delighted with her performance. In July, the network announced that the former host of America’s Next Top Model was being called in for season 29 of the reality dance competition to replace the suddenly ousted hosts Tom Bergeron …

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Fed changes its strategy to tie major central banks from Frankfurt to Tokyo

FRANKFURT (Reuters) – The Fed’s groundbreaking shift towards a more tolerant stance on inflation will weigh on the dollar for years, raising tough questions about the central bank’s role and challenging policymakers from Frankfurt to Tokyo. FILE PHOTO: The Federal Reserve building sits against a blue sky amid the coronavirus disease (COVID-19) outbreak in Washington, USA on May 1, 2020. …

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The merger talks for Spanish banks propelled European stocks up a day after the Wall Street-led sell-off

The merger talks for two Spanish banks resulted in gains for the European markets on Friday. Gains in the financial sector helped calm the nerves of investors shaken by Wall Street’s biggest sell-off since early June. However, US stock futures pointed to further losses on ailing technology stocks. After the Stoxx Europe 600 Index SXXP fell 1.4% late in the …

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Banks and tech companies like JPMorgan, Google and Amazon make up the New York Jobs Council

Jamie Dimon, CEO of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images The CEOs of banks, tech companies, and consulting firms form a group to promote the recruitment of underrepresented groups in New York. Executives from 27 companies representing many of New York’s dominant industries have teamed up to create the New York Jobs CEO Council, which …

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Dodgers vs. Astros to take away: No procrastination from the banks on Tuesday in the longest game in 2020

On Wednesday night in Houston, the Los Angeles Dodgers and Houston Astros ended a two-game series that featured fireworks on Tuesday night. Dodgers Reliever Joe Kelly received an eight-game lock (pending appeal) for deliberately throwing Carlos Correa and other Astros players. Dodgers manager Dave Roberts was also banned from a game. The series finale was largely free of drama on …

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