OKLAHOMA CITY—An Oklahoma judge ordered a Kansas City Chiefs superfan known as “ChiefsAholic” who admitted to a series of bank robberies to pay $10.8 million to a teller who was assaulted with a gun, though attorneys say the teller may never collect any money. A judge in Tulsa handed down the order last week against […]
Multiple bank executives have committed suicide while the Chinese Communist Party (CCP) continues to purge its financial system. The president of an inter-provincial bank died of carbon monoxide poisoning earlier last year this month, according to authorities. “Days later, the president of a local branch of a major Chinese bank died after he fell from […]
CLEVELAND—A businessman who orchestrated a $180 million check-kiting scheme and used the proceeds to live a lavish lifestyle and amass one of the world’s most revered classic car collections has been sentenced to more than eight years in prison. Najeeb Khan, 70, of Edwardsburg, Michigan, told a federal judge Thursday that he was “blinded by […]
Another key Brexit figure is facing banking troubles over his political opinions. Nigel Farage ally Richard Tice had a loan application rejected. Internal bank documents show he was deemed a “reputational risk” for being the Reform UK party leader. It comes as the finance watchdog warns it will “act” if banks wrongly deny politicians access […]
House Judiciary Committee Chairman Jim Jordan (R-Ohio) has subpoenaed Citibank amid a wider probe into whether multiple banks shared data with the U.S. government to assist in the investigation and prosecution of individuals involved in the Jan. 6, 2021 breach of the U.S. Capitol. The Republican lawmaker subpoenaed Citibank on Aug. 17 for documents and communications […]
President Joe Biden’s son, other family members, and their associates were paid more than $20 million by Russians and other foreigners while Mr. Biden was vice president, according to bank records released on Aug. 9. Russian, Ukrainian, and Kazakhstan nationals were among those paying the Biden family and their associates, according to the records. Russian […]
PLEASANT HILL, Mo.—A 78-year-old Missouri woman charged with robbing a bank in April didn’t show up to a court date, and police found a woman dead at her home when they checked on her this week. Police in Pleasant Hill, a community of about 8,000 southeast of Kansas City, have not said whether they think […]
Dame Alison Rose stepped down from her position as NatWest’s chief executive after discussing Farage’s financial dealings with the bank on the BBC. Although it appears she may have been compelled to leave, she was allowed to resign. Additionally, Farage has demanded the complete overhaul of NatWest’s board, attributing his exclusion from their services to […]
Big U.S. banks reported earnings Friday. JPMorgan Chase’s and Wells Fargo’s profits both surged. They climbed 67 percent and 57 percent respectively. Profits got a boost from higher interest rates. The banks are watching for signs whether the economy was slowing and are concerned about losses in commercial real estate. NTD spoke with Sam Burns, […]
In the most significant bipartisan response since the banking turmoil this past spring, the Senate Bank Committee approved legislation to claw back compensation from bank executives after their financial institutions fail. The Recovering Executive Compensation from Unaccountable Practices (RECOUP) Act reins in the banking industry by imposing new fines for misconduct, restricting failed executives from […]
Sen. John Kennedy (R-La.) grills failed Silicon Valley Bank and Signature Bank executives at a Senate hearing on failing to protect their banks’ assets and managing risk in favor of handing out bonuses or performing pronoun training.
Deutsche Bank has agreed to pay $75 million to settle a class-action lawsuit filed by alleged sexual abuse victims of disgraced financier and convicted sex offender Jeffrey Epstein, lawyers have confirmed. The settlement resolves a class-action suit filed by two women, referred to as “Jane Doe” against the banks in November last year. New York federal judge Jed Rakoff […]
Sen. Jon Tester (D-Mont.) questioned panelists at a Senate hearing Thursday about bank executives taking bonuses while running failing institutions. As executives allegedly shirked their responsibilities to keep banks and the banking sector stable, Tester told the Senate Banking Committee hearing that regulators and law enforcement should hold the responsible parties accountable for the current […]
The U.S. banking system is “safe and sound” after federal regulators facilitated the sale of the distressed First Republic Bank, President Joe Biden confirmed. First Republic became the second-largest bank failure in U.S. history and the third midsize institution to collapse in less than two months. Speaking from the White House on May 1 to […]
Brazil is warming up its economic ties with China. The country’s president is hailing a China-led multilateral bank as having the potential to make a global difference. Brazilian President Luiz Inacio Lula da Silva made the remarks Thursday during a state visit to China.
LOUISVILLE, Ky.—Tributes were growing Monday for the five people slain in a shooting at a Louisville bank, with friends sharing details of their lives and mourners gathering at vigils. Details were also emerging about some of the wounded, including a rookie officer who was just recently sworn in. Louisville’s former Mayor Greg Fischer said he’d […]
HARRISONVILLE, Mo.—A 78-year-old woman with two past bank robbery convictions faces new charges after authorities allege she handed a teller a note that said “I didn’t mean to scare you” during a recent Missouri heist. Bonnie Gooch is jailed on $25,000 bond after she was charged with one count of stealing or attempting to steal […]
