Banking Fiduciary

Latest News for: Banking fiduciary

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Lawsuit accuses Wells Fargo of ‘aiding and abetting’ alleged Ponzi scheme

Sun Sentinel 15 May 2024

The complaint against Wells Fargo accuses the bank of unjust enrichment, negligence, aiding and abetting fraud, and aiding and abetting Seeman and Holtz’s breach of fiduciary duties. The bank ...

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Condo board service can be thankless work | Letters to the editor

Sun Sentinel 10 May 2024

... fiduciary duties by enforcing rules and regulations. These residents requested years of audits, bank statements, financial reports and insurance policies, looking for something to attack the board.

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Lawmakers should not turn political whims into obstacles for investment strategies | Guest

The Oklahoman 08 May 2024

Once on the list, these fiduciaries and banks would no longer be able to work with government entities ... After Bank of America was blacklisted, it cost the city an additional $1.2 million to go with the next best lender.

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Former Wells Fargo Executive Pays $40,000 Fine, Exits Banking Industry After Allegedly Misleading Customers and ...

The Daily Hodl 28 Apr 2024

... against ex-Wells Fargo operations senior manager Norman Desembrana for allegedly misleading customers, engaging in reckless unsafe and unsound practices and breaching his fiduciary duty to the bank.

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BOK Financial Corporation Reports Quarterly Earnings of $84 million, or $1.29 Per Share, in the ...

ACCESSWIRE 24 Apr 2024

Higher mortgage banking and fiduciary and asset management revenue was partially offset by lower brokerage and trading and transaction card revenue.

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Jordan's economic, industrial sectors showcase progress in Q1 of 2024

Petra 23 Apr 2024

Additionally, a series of courses covering practical applications of bankruptcy law, fiduciary contracts, leasing law, corporate law, financial operations, and banking have been organized to further bolster expertise in these areas ... //Petra// RZ ... .

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Liza Horvath, Senior Advocate: Does my trustee need to post bond?

Monterey Herald 20 Apr 2024

Trust companies like those you find in banks are usually not required to provide a bond. If a trustee is required to post a bond, they should reach out to a fiduciary bonding company and request the bond.

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SBI denies electoral bond data sought through RTI Act

Madhyamam 12 Apr 2024

Referring to Sections 8(1)(e) and 1(j) of the Act, the bank said, “The information sought by you is third-party personal information available with the bank in a fiduciary capacity.” It added, “The ...

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INSIGHT-If Trump wins, he plans to free Wall Street from “burdensome regulations”

Philenews 12 Apr 2024

The Trump administration, with mixed success, worked to reverse a range of Obama-era rules, such as those that eased regulations for Wall Street banks or “fiduciary” rules for brokers ... banks, Brian D.

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‘Bizarre’: SBI refuses to disclose electoral bonds data despite public availability on EC site

Hindustan Times 11 Apr 2024

Despite the availability of the full data on the Election Commission website, the State Bank of India (SBI) refused to disclose the details of electoral bonds, claiming that it is personal information held in a fiduciary capacity.

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Financial literacy starts at home

Indianapolis Recorder 03 Apr 2024

“Our team delivers financial planning, investment, fiduciary, banking and credit insurance and business solutions tailored to meet the specific goals and needs of our clients.” ... bank’s Black employees.

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Ex-paralegal at Chicago law firm gets 2 years for embezzlement

Chicago Tribune 02 Apr 2024

According to her plea, Sutton embezzled the funds by orchestrating fraudulent transfers of bankruptcy funds from fiduciary bank accounts intended for creditors to accounts she controlled, including ...

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RCBC to surrender trust license

The Philippine Star 27 Mar 2024

Rizal Commercial Banking Corp. (RCBC) is looking to surrender its license to engage in trust and other fiduciary business as part of its efforts to make RCBC Trust Corp. a stand-alone trust entity ....

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Owner of Fayette County personal care home accused of bilking residents

Observer-Reporter 27 Mar 2024

Perumal was considered a “representative payee” of many residents who were not able to manage their own bank accounts, meaning he was placed in a position of trust as their fiduciary to do what was in their best interests.

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RCBC surrenders trust license

The Philippine Star 26 Mar 2024

Rizal Commercial Banking Corp. has surrendered its license to engage in trust and other fiduciary business as part of its efforts to make RCBC Trust Corp. a stand-alone trust entity ....