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Wintrust to acquire Oak Bank

We're for you. But if you want to visit our halls this Friday, do so before 1:30pm - which is when we will the doors. . But you can use our e-channels or call our Contact Centre any time all weekend. . Have a peaceful election day Saturday.

Report from FATF says more than $1 billion a year laundered through a B.C. underground bank servicing Mexican cartels, Asian gangs and Middle Eastern crime groups

STOKED that won a 2019 Excellence Award for our solutions (ClearKey = transparent, risk-based consumer auth / = mobile multifactor solution for omnichannel authentication)

Here’s Why Gen X Is Not A Forgotten Financial Generation 💵🏡😀 With on the rise, financial professionals need to turn their attention to this often overlooked

Here’s Why Gen X Is Not A Forgotten Financial Generation 💵🏡😀 With on the rise, financial professionals need to turn their attention to this often overlooked

With we've seen more and other get interested in crypto-lending. To read more, check out this article from which quotes one of our friends,

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anonymous asked:

You know the more I think about it I bet the Van Der Linde gang’s chest was filled with gold instead of like stacks of money, if I remember my history classes right there was no standardized banking system in the late 1800s but every dollar was backed by gold (and silver depending on the year) so for being constantly on the move just having the gold itself would just be a lot more convenient

Yep! You’re correct about the banking system. It was really confusing because it could vary from bank to bank and such. Can you imagine how heavy John’s satchel would have been? 

How Maggie L. Walker opened a bank in the midst of the Jim Crow era

In honor of Black History Month, Yahoo Finance is highlighting the achievements of black pioneers and difference makers in the fields of business, finance, and tech. Yahoo Finance’s Reggie Wade reports to Adam Shapiro and Akiko Fujita about Maggie L. Walker, the first African American female bank president to charter a bank in the United States.

Talked to wally world. Here in my office 23.

#anthonyron82 #career #careerdevelopment #careeropportunities #careers #jobs #job #jobsearch #banking #bankerslife #bank #interview #interviewoutfit #interviewtips #mba #mbappe #finance #finances #financeblogger #financemajor #accounting #accountinglife #accountingmajor #jobinterview #jobsearch #realestateinvesting #realestateinvestor #realestatenews #realestateagent #realestate (at Eggertsville, New York)

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Ex-Barclays chairman 'not aware' of 2008 Qatar side deal, court hears
Giving evidence: Former Barclays chairman Marcus Agius. Photo: Peter Macdiarmid/Getty Images

Former Barclays (BARC.L) chairman Marcus Agius was not aware of a side deal struck with Qatar in 2008 that is now at the heart of a criminal trial, a court heard on Wednesday.

Agius, who was chairman of Barclays from 2007 to 2012, gave evidence as part of a Serious Fraud Office (SFO) case against four former Barclays executives who are accused of misleading investors over the true level of fees paid to Qatar in 2008 in exchange for multibillion pound investments that saved the bank from a bailout.

READ MORE: Barclays bankers feared being ‘rumbled’ in ‘dangerous’ Qatar transaction, jury hears: ‘If you go down the whole place goes down’

The defendants in the case are: John Varley, who was CEO of Barclays between 2004 and 2011; Roger Jenkins, who formerly ran Barclays Capital’s investment management business in the Middle East and North Africa; Thomas Kalaris, the former CEO of Barclays’ wealth and investment management; and Richard Boath, the former head of European financial institutions group at Barclays Capital.

Varley and Jenkins each face two counts of conspiracy to commit fraud, and Kalaris and Boath each face one. All four have pleaded not guilty. Qatar is not accused of any wrongdoing.

Agius was asked on Wednesday by Ed Brown QC if he was aware of an advisory service agreement (ASA) that was struck with Qatar alongside a £2bn ($1.5bn) investment in October 2008.

“Absolutely not,” Agius said. “I saw this document for the first time some years after,” adding that he saw it first in 2012.

“Not only did I not see the document, I was not aware of its existence,” Agius told the jury at Southwark Crown Court.

READ MORE: Barclays lawyers signed off on ‘bungs’ and ‘corrupt payments’ to Qataris, court told

ASAs struck between Barclays and Qatar alongside two investments in 2008 are at the heart of the SFO’s case against the former Barclays bankers. Prosecutors claim that these ASAs were “smokescreens” used to pay Qatar additional investment fees that were not paid to other investors at the time and not properly disclosed to the market.

Qatar Holdings was paid £280m under the second ASA signed in October 2008. Asked about the document, Agius said he was not aware of how the ASA was negotiated or how the payment figure was arrived at.

Qatar invested just over £2bn in Barclays in October 2008 as part of a £6.8bn fundraise that helped the bank avoid a state bailout as the financial crisis struck.

The case continues and is expected to last up to six months.

Read more on the trial of the Barclays four: 

What to Watch: Sainsbury's gets squashed, Lloyds bank gets a lift, European stocks rise

Here are some of the the top business stories you should be watching today in the UK, Europe and abroad:  

Sainsbury’s get squashed

Roughly £1bn was wiped off the value of Sainsbury’s this morning as it seemed the planned Sainsbury’s-Asda takeover deal had gone rotten.

The UK government’s top competition watchdog – the Competition and Markets Authority (CMA) – ruled on Wednesday morning that the proposed grocery deal would be bad for shoppers and push up prices. The regulator has the ability to block the £7.3bn takeover, which was designed to create a massive shopping giant with enough heft to challenge industry leader Tesco (TSCO.L).

“The proposed deal could lead to a worse experience for in-store and online shoppers across the UK through higher prices, a poorer shopping experience, and reductions in the range and quality of products offered,” the CMA said in a written statement.

The regulator said it was “likely to be difficult for the companies to address the concerns it has identified”.

A final CMA ruling on the deal is expected by the end of April.

Shares in Sainsbury’s (SBRY.L) fell by about 16% after the decision, putting it at the bottom of the FTSE 100 index (^FTSE). The company’s market capitalisation fell to £5.37bn from £6.34bn within a matter of minutes.

Shares in American retail giant Walmart (WMT), which owns Asda, were not making any big moves in premarket trading.

Sainsbury said it disagreed with the CMA’s findings, and Sainsbury’s CEO Mike Coupe called the report “outrageous” in an interview with the BBC.

Traders at the German stock exchange in Frankfurt. Photo: Frank Rumpenhorst/Getty Images

Lloyds gets a lift

Lloyds Banking Group (LLOY.L) shrugged off mounting concerns over Brexit to unveil a £4bn dividend and share buyback bonanza for investors on Wednesday. The move helped push Lloyds shares up by about 3% in morning trading, despite the bank’s weaker than expected growth in profits in 2018.

Britain’s biggest mortgage lender posted a 24% rise in net profits, but that was below analyst expectations.

The bank’s bumper payout and confident tone on the economy struck a contrast with rivals Royal Bank of Scotland (RBS.L) and HSBC (HSBA.L).

European stock market overview

European stock markets posted modest gains on Wednesday morning , with Germany’s DAX (^GDAXI)  leading the way with a 0.4% lift. France’s CAC 40 (^FCHI) was up by about 0.2% and Britain’s FTSE 100 (^FTSE) was edging up by 0.1%

This comes after most Asian markets were positive on Wednesday. Hong Kong’s Hang Seng index (^HSI) was a standout performer with a 1% jump.

US stock futures were dipping slightly ahead of the opening bell, though the moves were quite small. 

With files from Reuters


The Real News Network
Published on Feb 19, 2019

Bernie Sanders: Concentrated Wealth is Concentrated Power

TRNN Replay: At the Sanders Institute Gathering, Sen. Sanders joins Paul Jay who asks if breaking up the big banks is enough to weaken the power of Wall St.