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...Banks have since significantly tightened up scrutiny of clients, with approvals for setting up private banking accounts and new family offices in the city-state now stretching into months and in some cases...
...“I cannot tell you how many people we’ve heard of who’ve just had their bank accounts shut with no notice and no indication of what the issues are,” Helen Stephenson, Charity Commission chief executive,...
...Forensic accountants were unable to identify the owner of a bank account to which the ousted chief executive of Endeavour Mining, a West Africa-focused gold producer, instructed a $5.9mn payment, according...
...Rupak Ghose, a fintech consultant and former financials research analyst at Credit Suisse, said Revolut was rarely used as a primary bank account despite its fast growth and would need to become a lender...
...Javice has denied JPMorgan’s allegations of falsifying accounts, and has filed a counter claim accusing the bank of compromising her reputation. The case is ongoing....
...The debanking issue was highlighted last year around politician Nigel Farage, whose account was closed by private bank Coutts, but affects thousands of ordinary people and businesses....
...What many don’t realise is that, legally, all money held in a joint bank account is owned by anyone named as an account holder....
...accounts....
...Banks must suspend accounts or transactions that they suspect involve criminal funds....
...It is people buying stocks, it’s institutions buying stocks, it is some aspects of the listing rules.”...
...chest, people who know him said....
...The investigation into Bank Audi by Finma, Switzerland’s market regulator, was triggered by a corruption probe into Riad Salameh, the former longtime governor of Lebanon’s central bank, according to people...
...After Wirecard’s collapse, it emerged that EY over several years failed to request crucial account information from a Singapore bank where Wirecard claimed the cash was deposited — a routine audit procedure...
...By the year 2030, it is estimated that more than 1mn people in the UK will be living with dementia — getting on for one in 10 people over the age of 65....
...“You were unable to give any reason at all for looking into the bank accounts of people claiming personal independence payment,” Timms wrote....
...Monzo is nearing a new round of funding that would value the British digital bank at about £4bn, according to people familiar with the matter, in a sign of investor confidence in its expanding business....
...“Too many, particularly younger people don’t really understand the difference between a mutual organisation and a shareholder-owned bank,” said Crosbie....
...“It has to keep up with how people are using banks and saving,” she said. “You’ve got to have a forward eye on how people are holding their money . . . in addition to closing gaps.”...
...“Fraudsters spin whole webs of lies and fabricate all sorts of things to convince people to send them money,” said City minister Bim Afolami....
...A few weeks back, your columnist was lampooning calls and texts from people styling themselves as his personal premium account manager so they could upsell investment schemes....
...Challenger banks will send reminders that amounts are due to come out of your bank account.”...
...The bank admitted as much in its fourth-quarter earnings reports, when it shared that it made $24bn in net interest income — the difference between its cost of capital and what people pay the bank to borrow...
...Events: The People’s Bank of China announces one-year and five-year loan prime rates. It is widely expected that the two lending rates will be kept steady....
...More alarming is the rate at which people are becoming seriously delinquent....
...Blackstone’s credit and insurance division will buy the US credit card receivables from Barclays for an undisclosed sum, and the bank will continue to service the accounts for a fee....
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