Laundered Russian Cash Went Through Big Banks, Guardian Says

Cash that flowed from Russia through a vast money-laundering network sometimes ended up passing through the world’s largest banks, with U.K. firms including HSBC Holdings Plc handling almost $740 million, the Guardian reported, citing a cache of financial records it reviewed. The documents contain details of about 70,000 banking transactions, including 1,920 involving firms based …

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NY AG hires a public-corruption prosecutor who worked under Preet Bharara to target the Trump administration

New York state’s attorney general, to date one of the most vocal antagonists of President Donald Trump, is preparing to escalate his office’s litigation against the president’s administration. Democrat Eric Schneiderman has hired one of the top public-corruption prosecutors under former Manhattan U.S. Attorney Preet Bharara to focus specifically on issues involving the Trump administration. …

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Wells Fargo, RBS, Deutsche Bank in $165 million NovaStar settlement

Wells Fargo & Co, Royal Bank of Scotland Group Plc and Deutsche Bank AG have reached a $165 million class-action settlement over their underwriting for the now-bankrupt subprime lender NovaStar Mortgage Inc. It resolves claims that offering materials prepared by the banks misled investors into believing that loans underlying roughly $7.55 billion of NovaStar mortgage-backed …

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Berkeley City Council may consider dropping Wells Fargo, again

At its meeting tonight, the Berkeley City Council will consider the implications of severing ties with Wells Fargo, the megabank that has been ensnarled in controversy over both its business practices and investment in the Dakota Access Pipeline. A Finance Department report on the agenda tonight says it is “necessary” for the city to continue banking with Wells Fargo for …

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Keller Rohrback L.L.P. Investigates Reports That Wells Fargo Charged Customers Millions in Improper Mortgage Fees

SEATTLE–(BUSINESS WIRE)– (ATTORNEY ADVERTISING) Keller Rohrback L.L.P. is investigating recent reports that Wells Fargo (NYSE:WFC) has been improperly charging customers fees to extend their promised interest rate when their mortgage paperwork was delayed. This Smart News Release features multimedia. View the full release here:http://www.businesswire.com/news/home/20170314006325/en/ According to former Los Angeles area Wells Fargo employees, the paperwork …

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