Banking Fiduciary

Latest News for: Banking fiduciary

Danish BDS-Supporting Bank Behind Vast Money-Laundering Scheme

The Algemeiner 17 Oct 2018

Denmark’s largest bank, Danske Bank, has admitted that its Estonian banking subsidiary has been involved in what is probably the largest money-laundering scandal in Europe’s history ... Danske Bank’s criminal activity was conducted by its subsidiary in Estonia between 2007 and 2015 ... There are already voices urging the bank’s Board to assess whether management breached its fiduciary responsibilities and can be held liable....

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Comerica Inc. (CMA) CEO Ralph Babb on Q3 2018 Results - Earnings Call Transcript

Seeking Alpha 16 Oct 2018

Curtis Farmer - President, Comerica Incorporated and Comerica Bank ... We had a few large loan payoffs in the second quarter in private banking as I mentioned on our last earnings call ... This has been offset by the adoptions in energy which has declined to over $300 million, as well as decreases in large corporate and private banking ... Investment banking also increased with a pickup in M&A activity....

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Northwestern Mutual Funds $600,000 in New Grants for Childhood Cancer Research

The Record 15 Oct 2018

MILWAUKEE, Oct ... Satoru Osuka, M.D./Ph.D ... Dr ... Dr ... Dr ... Dr ... Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (securities), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company® (NMWMC) (fiduciary and fee-based financial planning services), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long-term care insurance) ... .......

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RBI won’t budge on local data storage, deadline ends today

The Times of India 14 Oct 2018

The Reserve Bank of India (RBI) is not relenting on its directive on data localisation and is likely to hold companies that have not made arrangements for storage of payments information only in India as violators of its guidelines ... According to sources, the card companies — including Visa, Mastercard and American Express — have continued to hold back against confirming acceptance of the central bank’s directive....

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Litecoin Price Analysis: Gemini Announce Litecoin Support, Boost Bulls

NewsBTC 13 Oct 2018

Despite Gemini support and yesterday’s two percent gain, sellers are in control. In fact, we may see prices sliding below $50 confirming the trend resumption phase of the bear break out pattern that begun in early August ... Latest Litecoin News ... That’s admirable ... However, trading begins on Oct 16 ... This security first approach has seen them being held to “the highest standards of banking compliance and fiduciary obligations” by regulators ... ....

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ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Idaho Independent Bank

Market Watch 12 Oct 2018

12, 2018 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Idaho Independent Bank (otc pink.IIBK) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by First Interstate BancSystem, Inc....

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COMMUNITY 1ST BANK SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Merger

Market Watch 12 Oct 2018

Do you own shares of Community 1st Bank (OTC PINK ... announces that it is investigating potential legal claims against the board of directors of Community 1st Bank (“CMYF” or the “Company”) (OTC PINK. CMYF) regarding possible breaches of fiduciary duties and ......

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IDAHO INDEPENDENT BANK SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Merger

Market Watch 12 Oct 2018

Do you own shares of Idaho Independent Bank (OTC PINK ... announces that it is investigating potential legal claims against the board of directors of Idaho Independent Bank (“IIBK” or the “Company”) (OTC PINK. IIBK) regarding possible breaches of fiduciary duties and ......

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Litecoin Is Now Available on Gemini!

Gemini 12 Oct 2018

... transactions, similar to the payment methods of the traditional banking system (e.g., cash, debit, and credit cards) ... Gemini is the world’s most regulated cryptocurrency exchange and custodian, held to the highest standards of banking compliance and fiduciary obligations, and overseen by the New York State Department of Financial Services (NYSDFS)....

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Winklevoss Twins' Gemini Crypto Exchange Gets Regulatory Green Light for Litecoin Trading

The Bitcoin News 12 Oct 2018

U.S.-based cryptocurrency exchange Gemini, owned by the Winklevoss twins, has sealed regulatory approval to add Litecoin (LTC) custody and trading. The news comes from an official Medium blog post published Friday, Oct. 12 ... 13 ... dollar. Winer’s post underscores Gemini’s thoroughgoing “banking compliance and fiduciary obligations” under oversight from the New York State Department of Financial Services (NYDFS) ... ....

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Litecoin Finds a New Home at Gemini Exchange after New York, NYDFS Approves its Listing

CoinGape 12 Oct 2018

Litecoin has had a hard time over the past year. Its popularity has been on the wane ... Gemini Backs Litecoin over Bitcoin Cash to list ... He said ... The listing has been approved by the New York State Department of Financial Services (NYDFS) as Winer in his blog post mentioned that noting that Gemini is “held to the highest standards of banking compliance and fiduciary obligations” under the regulator’s watch ... .......

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Banking and credit unions sound off

Johnson City Press 07 Oct 2018

The first banks in America appeared in the early 1700s, before we became an independent nation ... Since then, banks and the needs of customers have changed dramatically ... Simply put, the changes in banking over the years have reflected the changes in our daily lives in general, driven by innovation and technology ... Bank products and services, from IRAs to CDs to home equity loans to retirement planning have exploded from a few to hundreds....

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Breaking with Wall Street: Los Angeles Puts It to the Voters

truthout 06 Oct 2018

“The banks – hard to believe in a time when we’re facing a banking crisis that many of the banks created – are still the most powerful lobby on Capitol Hill,” Durbin said in an interview ... Deposits will be needed to balance a $1 billion loan portfolio, but Los Angeles easily has them – now sitting in Wall Street banks having no fiduciary obligation to reinvest them in Los Angeles....

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