Banking and credit regulation

September 19, 2018 - 5:32 am
COPENHAGEN, Denmark (AP) — The chief executive of Denmark's largest bank resigned Wednesday as an internal report into allegations of massive money laundering via its Estonian branch showed that "the vast majority" of transactions "have been found to be suspicious." Danske Bank commissioned the...
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September 04, 2018 - 6:18 am
THE HAGUE, Netherlands (AP) — Dutch bank ING has paid 775 million euros ($897 million) to settle a huge money laundering case in the Netherlands, prosecutors said Tuesday. The country's financial prosecution service said in a statement that ING for years failed to adequately implement a law aimed...
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August 23, 2018 - 10:16 am
WASHINGTON (AP) — Republican lawmakers are calling for Iran to be expelled from the main financial system that oversees international bank transfers, as the Trump administration steadily re-imposes sanctions on the country following the U.S. withdrawal from the Iran nuclear deal. A group of 16 GOP...
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Defense attorney Kevin Downing, left, with Thomas Zehnle and Jay Nanavati, right, makes a statement to the media outside federal court after closing arguments and jury instructions ended in the trial of the former Donald Trump campaign chairman, in Alexandria, Va., Wednesday, Aug. 15, 2018. (AP Photo/Jacquelyn Martin)
August 16, 2018 - 10:06 am
ALEXANDRIA, Va. (AP) — Jurors began their deliberations Thursday in the trial of former Trump campaign chairman Paul Manafort, who prosecutors say earned $60 million advising Russia-backed politicians in Ukraine, hid much of it from the IRS and then lied to banks to get loans when the money dried...
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This courtroom sketch depicts Paul Manafort, seated right row second from right, together with his lawyers, the jury, seated left, and the U.S. District Court Judge T.S. Ellis III, back center, listening to Assistant U.S. Attorney Uzo Asonye, standing, during opening arguments in the trial of President Donald Trump's former campaign chairman Manafort's on tax evasion and bank fraud charges. (Dana Verkouteren via AP)
July 31, 2018 - 8:56 pm
ALEXANDRIA, Va. (AP) — Paul Manafort orchestrated a multimillion-dollar conspiracy to evade U.S. tax and banking laws, leaving behind a trail of lies as he lived a lavish lifestyle, prosecutors said Tuesday as they laid out their case against the former Trump campaign chairman. Prosecutor Uzo...
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FILE - In this Monday, June 25, 2018 file photo, people gather at the Supreme Court awaiting a decision in an Illinois union dues case, Janus vs. AFSCME, in Washington. An Oregon state employee and a labor union have reached a settlement over her lawsuit seeking payback of obligatory union fees, marking the first refund of forced fees since the U.S. Supreme Court ruled in late June that government workers can't be required to contribute to labor groups, the employee's lawyers said Monday, July 30, 2018. (AP Photo/J. Scott Applewhite, File)
July 30, 2018 - 9:50 pm
SALEM, Ore. (AP) — An Oregon state employee and a labor union have reached a settlement over her lawsuit seeking payback of obligatory union fees, marking the first refund of forced fees since the U.S. Supreme Court ruled in late June that government workers can't be required to contribute to labor...
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July 27, 2018 - 7:33 pm
WASHINGTON (AP) — The federal regulator whose agency oversees mortgage finance giants Fannie Mae and Freddie Mac is being investigated for alleged sexual harassment of an employee. The employee's attorney confirmed Friday that there is an investigation underway into the allegations against Mel Watt...
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July 26, 2018 - 12:55 pm
BISMARCK, N.D. (AP) — A federal judge has ruled the developer of the Dakota Access oil pipeline has no claim under federal racketeering law for damages against a Dutch environmental group that urged banks not to finance the $3.8 billion project. Judge Billy Roy Wilson dismissed Netherlands-based...
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Federal Reserve Board Chair Jerome Powell attends a House Committee on Financial Services hearing, Wednesday, July 18, 2018, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
July 18, 2018 - 12:20 pm
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's congressional appearance to deliver the Fed's semi-annual monetary policy report. (all times local) ___ 11:50 a.m. Powell is getting praise from lawmakers for his efforts to avoid economic jargon in explaining what the Federal...
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Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on 'The Semiannual Monetary Policy Report to the Congress', at Capitol Hill in Washington on Tuesday, July 17, 2018. (AP Photo/Jose Luis Magana)
July 17, 2018 - 4:22 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that strong economic growth will keep the central bank on a path to gradually raise interest rates. But he noted that President Donald Trump's get-tough trade policies run the risk of dampening future growth if they...
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