MANHATTAN (CN) — A federal judge in New York advanced part of a consolidated lawsuit accusing 12 major banks — including Bank of America, Deutsche Bank and Goldman Sachs — of colluding to rig a $275 trillion market on interest-rate swaps. An increasingly common and complex form of financial derivatives, interest-rate swaps allow two parties …
Month: July 2017
Bank fraud shows failure of controls, says fraud expert
NEP’s Bill Black appears on ABS-CBN news discussing bank fraud and specifically Metrobank loan fraud involving one of its executives. Bank fraud shows failure of controls, says fraud expert
What motivates millennial first-time homebuyers?
by Francis Monfort28 Jul 2017 Most Read The Many Ways to Be Relieved of Your Timeshare ObligationsWhile it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact, most timeshare companies maintain that their contracts are non – cancellable. …
Treasury Secretary Mnuchin: Do not call me the ‘foreclosure king
In a heated exchange with Rep. Keith Ellison, Mnuchin brought up the moniker himself when asked about the thousands of Americans whose homes were foreclosed upon during the great recession. “I take great offense to anybody who calls me the foreclosure king,” the former Goldman Sachs bankerrebuked. Ellison then asked Mnuchin what his position was on …
One group has seemed immune from declining homeownership
Homeownership rates have plummeted in the US over the last several years. The decline is evident across all income groups and almost all demographic groups throughout the country. However, there’s one group that’s bucking the trend. In the period from 2001 to 2009, homeownership among US adults was at 71%, according to data from Gallup. …
JPMorgan and Goldman Sachs bosses receive $314m windfall, boosted by Donald Trump
The bosses of two of Wall Street’s biggest banks received a $314m (£241m) windfall last year as the value of their shares soared after Donald Trump’s victory in the US presidential election. Jamie Dimon, who is chairman, president and chief executive of JP Morgan, and Lloyd Blankfein, the chief executive of Goldman Sachs, each saw their stock and options rise by …
Is overregulation a ‘myth’ that too many have bought into?
by Ryan Smith26 Jul 2017 Most Read The Many Ways to Be Relieved of Your Timeshare ObligationsWhile it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact, most timeshare companies maintain that their contracts are non – cancellable. …
Barclays bank and former bosses, charged with fraud, to stand trial in January 2019
John Varley, the former boss of Barclays, will stand trial alongside three former colleagues and the bank itself in January 2019, Southwark crown court was told on Monday. Varley is charged along with Roger Jenkins, Tom Kalaris and Richard Boath over the way the bank raised billions of pounds from Qatar in 2008. The four …
First solely originator-focused mortgage conference gearing up
by Ryan Smith25 Jul 2017 Most Read The Many Ways to Be Relieved of Your Timeshare ObligationsWhile it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact, most timeshare companies maintain that their contracts are non – cancellable. …
Barclays bank and former bosses, charged with fraud, to stand trial in January 2019
John Varley, the former boss of Barclays, will stand trial alongside three former colleagues and the bank itself in January 2019, Southwark crown court was told on Monday. Varley is charged along with Roger Jenkins, Tom Kalaris and Richard Boath over the way the bank raised billions of pounds from Qatar in 2008. The four …