scandal

Money Laundering Probe Eyes $150B In Transactions
Money Laundering Probe Eyes $150B In Transactions
September 10, 2018  |  B2B Payments

Denmark’s largest bank is investigating $150 billion in transactions to find out if companies with ties to Russia used it to launder money. According to...

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DOJ Probes Wells’ Wholesale Banking Ops
DOJ Probes Wells’ Wholesale Banking Ops
September 06, 2018  |  Security & Fraud

Add another investigation to the roster of headlines swirling around Wells Fargo. As The Wall Street Journal reported on Thursday (Sept. 6), the Justice Department...

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JD.com Shares Decline On News Of CEO’s Arrest
JD.com Shares Decline On News Of CEO’s Arrest
September 05, 2018  |  Retail

After news broke of last week’s arrest of JD.com Inc. CEO Richard Liu in the U.S. on an allegation, shares of the eCommerce company fell...

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Wells Fargo Hit With Lawsuit Over Financing Fees
Wells Fargo Hit With Lawsuit Over Financing Fees
July 02, 2018  |  Legal

Wells Fargo is facing a new lawsuit, this time from the Texas jeweler J. Edwards Jewelry Distributing and the company’s president, John Silverman, for charging what...

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Wells Fargo Overdraft Fees To Decline As It Projects A Friendlier Face
Wells Fargo Overdraft Fees To Decline As It Projects A Friendlier Face
May 11, 2018  |  Banking

Wells Fargo, the embattled bank, warned investors at the company’s investor day meeting Thursday (May 11) that it won’t make as much in overdraft fees...

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Samsung BioLogics Threatens Lawsuit After $6 Billion Devaluation
Samsung BioLogics Threatens Lawsuit After $6 Billion Devaluation
May 03, 2018  |  B2B Payments

In the latest accounting scandal to hit a major global corporation, Samsung’s biotech unit, Samsung BioLogics, suffered a $6 billion market value loss on Wednesday...

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Former FTC Head Predicts $1B Or More Fine For Facebook
Former FTC Head Predicts $1B Or More Fine For Facebook
April 09, 2018  |  Safety and Security

Facebook’s latest disclosure that its search tools collect data on most of its 2.2 billion users could open up the social media company to record fines...

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Internal Auditor Charged In $2B India Bank Fraud Scandal
Internal Auditor Charged In $2B India Bank Fraud Scandal
March 02, 2018  |  Security & Fraud

An internal auditor at a Mumbai branch of Punjab National Bank is accused of conspiring with other officials to defraud the lender of $2 billion,...

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RBS Goes On The Defensive In Small Biz Scandal
RBS Goes On The Defensive In Small Biz Scandal
February 09, 2018  |  B2B Payments

The Royal Bank of Scotland (RBS) has gone on the defensive in the ongoing saga surrounding its alleged mistreatment of small business (SMB) customers. According...

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