Latest in Bank Fraud
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Bank of America's CEO says economic growth is 'better than people think' and the Fed should stay on hold
The Bank of America CEO said Wednesday that consumers are continuing to spend and growth should be solid though slower this yearCNBC - 5d -
Watch Cade Cunningham's banked-in game-winner at buzzer, Pistons' win extends Heat losing streak to nine
Did Cunningham call bank? "I might have whispered it. I don’t think anybody heard that, though."Yahoo Sports - 5d -
Bank of England holds interest rates, warns global trade uncertainty has intensified
The Bank of England on Thursday announced its latest interest rate decision, warning of increased global uncertainty.CNBC - 5d -
What will Green Bay do with Rasheed Walker? What Aaron Banks signing means for his future
The signing of Aaron Banks in free agency has cast doubt over Rasheed Walker's immediate and long-term future with the Packers.Yahoo Sports - 4d -
Shares of Starlink competitor Viasat pop more than 10% on Deutsche Bank upgrade
Viasat's stock soared on Monday after the competitor to Starlink received an analyst endorsement from Deutsche Bank.CNBC - 17h -
Child deaths surge amid ‘Gazafication’ of West Bank, report says
Palestinians facing mass displacements, airstrikes and rise in attacks on children and other civilians, rights group says. Israel has brought the military tactics of its war in Gaza to the occupied ...The Guardian - Mar. 10 -
USDA halts more than $1B in funding for local food banks, schools
The U.S. Department of Agriculture (USDA) says it has nixed more than $1 billion in funding for local food banks and schools by terminating two programs that aid state, tribal and territorial ...The Hill - Mar. 11 -
Zeldin: $20B in green bank grants from climate law terminated
Environmental Protection Agency (EPA) Administrator Lee Zeldin said Tuesday night he has terminated $20 billion in green bank grants that were funded by the Democrats’ climate, tax and health care ...The Hill - Mar. 12 -
How a hidden benefit of a Wells Fargo asset cap removal could save the bank billions
The bank paid $2.5 billion more in remediation efforts in 2023 than in 2018, which was a year before Charlie Scharf became CEO.CNBC - Mar. 11 -
Close Brothers swings to loss as banks brace for potential car finance redress costs
FTSE 250 bank set aside £165mn to cover costs of potential motor finance mis-selling after sector-wide regulatory probeFinancial Times - Mar. 18 -
Bank of England expected to keep rates on hold amid headwinds it can't fully predict or control
The Bank of England is widely expected to hold interest rates when it meets on Thursday, as the U.K. faces economic headwinds both at home and abroad.CNBC - 6d -
Bank of Japan keeps rates steady as Trump tariffs cast a shadow over economic outlook
The BOJ's decision comes ahead of the Federal Reserve's policy meeting, where the U.S. central bank is expected to keep its benchmark interest rate steady.CNBC - 6d -
China’s Geely sells Saxo Bank stake to Swiss private bank
Eight-year joint venture was a bet on Chinese capital markets opening up to the westFinancial Times - Mar. 10 -
Ramadan in the West Bank: Displacement and Despair
An Israeli military operation has uprooted tens of thousands of Palestinians who can’t break their fast in their own homes and don’t know when, or if, they will ever return.The New York Times - Mar. 11 -
UK watchdog to encourage more risk-taking by savers, says FCA chair
Financial regulator also aims to increase trust in markets by clamping down on fraudFinancial Times - 1d -
Bannon: DOGE 'waste, fraud, abuse’ cuts not enough to curb inflation
Steve Bannon said the Department of Government Efficiency (DOGE) should adjust their goal of cutting trillions of dollars in federal waste and lower the proposed amount to the billion dollar ...The Hill - Mar. 8 -
Trump’s $5 million idea to reduce the deficit and reduce immigration fraud
Donald Trump and his pet program DOGE have been looking for ways to reduce the deficit. The president’s latest idea is a “gold card” visa program, which he claims would reduce deficit spending by ...The Hill - Mar. 10 -
How AppLovin’s Meteoric Rise Led to an Allegation of Ad Fraud
It was the fastest-growing tech stock in 2024. Then came two reports—and the market started loving it less.Inc. - Mar. 11 -
Trump, Musk fuel fears of Social Security cuts with 'fraud' talk
President Trump and his billionaire adviser Elon Musk are ratcheting up false rhetoric about Social Security, repeatedly claiming the program wastes hundreds of billions of dollars in fraudulent ...The Hill - Mar. 12 -
Trump pardons former Tennessee lawmaker imprisoned in campaign fraud scheme
Brian Kelsey pleaded guilty to charges related to his attempts to funnel campaign money from his state legislative seat toward his failed 2016 congressional bid.CBS News - Mar. 12 -
New report casts significant doubt on Musk’s and Trump’s government-fraud claims
It’s yet another setback for Elon Musk’s claim of a $1 trillion “DOGE dividend.”MarketWatch - Mar. 13 -
Why the Arabic ‘Sesame Street’ and Other Cuts Are Not Really About Fraud
As President Trump and Elon Musk cut federal programs, they often equate political and policy differences with corruption.The New York Times - Mar. 16 -
Musk: 'They basically wanna kill me because I’m stopping their fraud'
Tech billionaire Elon Musk, a close adviser to President Trump, said his life was in danger over his heavy involvement in the administration and some may want him dead because he is "stopping their ...The Hill - 6d -
Social Security Administration to emphasize in-person office visits to curb identity fraud
New identity proofing procedures to be implemented by the Social Security Administration will require more individuals to visit the agency's offices in person.CNBC - 5d -
Nicola Sturgeon no longer under investigation over SNP fraud claims
Police Scotland says former first minister not charged in party funding inquiry as husband appears in court for embezzlement. Nicola Sturgeon is no longer under investigation as part of the police ...The Guardian - 4d -
Judge blasts Social Security fraud 'fishing expedition' by Elon Musk's DOGE
The judge's order blocks the agency from granting DOGE access to systems containing personally identifiable information.ABC News - 4d -
Republican grilled about DOGE at town hall: 'Where is this fraud?'
Wyoming Republican Rep. Harriet Hageman tangled with constituents at a fiery town hall in her home state on Thursday over Elon Musk's DOGE.ABC News - 2d -
The Biggest US Banks Have All Backed Out of a Commitment to Reach Net Zero
In the lead up to the inauguration, the six largest US banks left a voluntary alliance with the UN to reach net zero by 2050. Now, critics are calling for new climate laws.Wired - Mar. 8 -
Stirtz, Banks lead Drake past Bradley 63-48 for third straight Missouri Valley championship
Bennett Stirtz scored 24 points, Tavion Banks added 13 and top-seeded Drake defeated No. 2-seed Bradley 63-48 to win Arch Madness for the third consecutive timeABC News - Mar. 9 -
Packers, OL Aaron Banks agree to 4-year, $77 million deal: Report
Jordan Love is getting another solid guard this fall. The Packers struck a four-year, $77 million deal to land 49ers offensive lineman Aaron Banks, according to the NFL Network.Yahoo Sports - Mar. 11 -
Cunningham banks in a 3 for the win and Pistons send Heat to their 9th straight loss, 116-113
Cade Cunningham banked in a 3-pointer with less than a second remaining, giving the Detroit Pistons a 116-113 win over Miami on Wednesday night and sending the Heat to their ninth consecutive ...Yahoo Sports - 5d -
Next UK interest rate cut may not come until August after hawkish Bank of England hold – business live
Monetary Policy Committee votes 8-1 to leave UK interest rates unchanged at 4.5%. Bank of England says companies freezing hiring plans as it keeps interest rates on hold In the property ...The Guardian - 4d -
Hamdan Ballal, Palestinian Director of ‘No Other Land,’ Is Attacked in West Bank, Witnesses Say
Hamdan Ballal was assaulted by masked attackers in his home village in the Israeli-occupied West Bank, witnesses said. The Israeli military said he had been detained for questioning.The New York Times - 14h -
Oscar-winning Palestinian director was beaten and arrested in West Bank, co-filmmaker says
A Palestinian filmmaker who was part of a team that won an Oscar for “No Other Land" was beaten by West Bank settlers and then arrested by Israeli forces, his co-director said Monday.NBC News - 14h -
How Lead Bank CEO Jackie Reses rose from 'a pretty gritty childhood' to Goldman Sachs, Square and top of U.S. fintech
Lead Bank CEO Jacqueline Reses says her independent life started at age 14, and she's never looked back, from early days at Goldman Sachs to the top of fintech.CNBC - Mar. 12 -
Here's why banks don't want the CFPB to disappear
For years, American financial companies have fought the Consumer Financial Protection Bureau — the chief U.S. consumer finance watchdog — in the courts and media, portraying the agency as ...NBC News - Mar. 10 -
Here's why banks don’t want the CFPB to disappear
The Consumer Financial Protection Bureau and its employees are in limbo after acting Director Russell Vought took over last month.CNBC - Mar. 10 -
Central banks should fear misbehaving inflation expectations
Widening dispersion and greater inflation uncertainty mean expectations are not as anchored as they appearFinancial Times - Mar. 11 -
The crisis at IndusInd, India’s fifth-largest private bank
Also in this newsletter: Starlink set to enter India and inflation cools offFinancial Times - Mar. 14 -
Deutsche Bank reviews Canary Wharf presence
Exit or reduction in floorspace would mark latest retreat from docklands office districtFinancial Times - Mar. 14