by visbanking | Nov 29, 2022 | Banks, Blog
By: Ken Chase. JPMorgan Chase and Deutsche bank are reportedly being sued by women who allege that the financial firms provided sexual abuser Jeffrey Epstein with financial support that enabled his international sex trafficking operation. The women, who claim to be...
by visbanking | Nov 29, 2022 | Banks
By: Ken Chase. With the holiday shopping season looming large on the economic horizon, the latest University of Michigan consumer sentiment survey suggests that consumer confidence is on the decline. According to that consumer sentiment index, the level of confidence...
by visbanking | Nov 28, 2022 | Banks, News
By: Ken Chase. The U.S. Securities and Exchange Commission recently confirmed that it had settled charges against Goldman Sachs Asset Management. GSAM had been charged by the regulator for issues related to its failure to follow the company’s own environmental,...
by visbanking | Nov 28, 2022 | Banks, News
A recently completed banking review by the Federal Deposit Insurance Corporation and Federal Reserve warned Citigroup that the bank needs to improve its financial data management. The review’s authors warned the bank that the current deficiencies in those processes...
by visbanking | Nov 28, 2022 | Banks, News
By: Ken Chase Embattled Swiss firm Credit Suisse received some good news this week as shareholders gave their approval to the lender’s plan to raise $4.2 billion. That approval greenlights the firm’s plan to raise capital from the Saudi National Bank, which will...
by visbanking | Nov 15, 2022 | Banks, News
By: Ken Chase. Bloomberg reported this week that a decline in investment deals has forced banking giant Citigroup to eliminate dozens of trading personnel in its investment banking division. The move comes in the wake of reports that the company’s investment...
