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Iran Allegedly Used Lloyds And Santander To Circumvent US Sanctions: Report
Monday, February 5, 2024 - 3:43am | 758Read More...In a recent revelation, Iranian entities reportedly used accounts at Lloyds Banking Group PLC (NYSE:LYG) and Banco Santander SA (NYSE:SAN) to evade U.S. sanctions. The banks are now under scrutiny for their involvement in the illicit transactions. What Happened: The Iranian entities, including the...
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Fintech Spotlight: Bakkt CEO Talks Platform Innovation, Exposure To Assets Like NFTs
Monday, April 19, 2021 - 12:51pm | 1288Read More...Earlier this month, Bakkt, a digital-currency fintech that specializes in concurrency, rewards and loyalty points, announced a partnership with prepaid and payments product provider Blackhawk Network, to empower users to easily purchase eGift using digital assets, supported loyalty points, and...
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FDIC Sues Big Banks For Rigging Interest Rates
Monday, March 17, 2014 - 1:44pm | 607Read More...Sixteen of the world’s largest banks were sued Friday by the Federal Deposit Insurance Corporation (FDIC) for fixing the London interbank interest rate (Libor). According to the FDIC, the move cost smaller, failed American banks such as Washington Mutual, IndyMac and Colonial money. Bloomberg...
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Moody's Whacks the Pound
Tuesday, May 24, 2011 - 10:42am | 224Read More...The pound sterling fell against the euro on Tuesday after Moody's said it many contemplate lowering the credit rating of up to 14 British banks, according to Bloomberg. Notably, Royal Bank of Scotland and Lloyds Banking Group are two groups under review by Moody's. The U.K.'s Treasury also...
