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Archive for the ‘Banking and Bankrupting’ Category

Iran, Oil and Strait of HormuzAttacking Iran –
By ING, 2007 [Edited]

The market impact of a surprise Israeli strike on its nuclear facilities

The financial markets are assuming that an Israeli or US attack on Iran is unlikely. However, an imminent build-up of US forces in the Gulf suggest that they could be in for a shock.

An imminent attack would seem unlikely, given the weakness of the US administrations, and hopes for regime change in Iran. However, Iran’s threats that it will acquire nuclear weapons within two years, suggest that President Bush may sanction action before he leaves office at the end of 2008. And, within a month the US will have two aircraft carrier battle groups and a new expeditionary Marine strike force in the Persian Gulf, which might provide a shield for an Israeli bombing of Iran’s facilities. (more…)

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Villatri - Informaciones: febrero 2012ING Bank to Pay $619 Million Fine in Largest Ever US Economic Sanctions Penalty
From Steptoe.com, June 18, 2012

On June 12, 2012, ING Bank, N.V. (ING Bank), a [Dutch] financial institution, agreed to forfeit $619 million to settle criminal charges brought by the United States and the State of New York and civil claims raised by the US Department of the Treasury, Office of Foreign Assets Control (OFAC).  ING Bank was charged with conspiring to violate US economic sanctions and with violating New York state laws by illegally moving billions of dollars through the US financial system on behalf of Cuban and Iranian entities.  The $619 million fine is the largest ever against a financial institution in connection with an investigation into US sanctions violations and related offenses. (more…)

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Red Fox Cookie Jar by michelled1953 on Pinterest | Red ...

Anti-Money Laundering (AML) Certification with ING.
~ ING website 2017

ING Bank N.V. Agrees to Forfeit $619 Million for Illegal Transactions with Cuban and Iranian Entities

Department of Justice
Office of Public Affairs

FOR IMMEDIATE RELEASE
Tuesday, June 12, 2012 [Excerpt]

WASHINGTON – ING Bank N.V., a financial institution headquartered in Amsterdam, has agreed to forfeit $619 million to the Justice Department and the New York County District Attorney’s Office for conspiring to violate the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA) and for violating New York state laws by illegally moving billions of dollars through the U.S. financial system on behalf of sanctioned Cuban and Iranian entities.  The bank has also entered into a parallel settlement agreement with the Treasury Department’s Office of Foreign Assets Control (OFAC). (more…)

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owl cookie jar www.ishoppedtoday.com/2012/08/19/cool-cookie-jars/

Expert Anti-Money Laundering
Anti-Money Laundering (AML) Certification with ING.
~ ING website 2017

Dutch Prosecutors Probe ING Bank for Money Laundering, Corruption

Published: 22 March 2017

ING Bank confirmed on Wednesday it is being investigated by Dutch prosecutors for money laundering and corruption. Local media say the probe is related to a bribery case in Uzbekistan.

A bank spokesman said the investigation could result in “significant” fines and penalties, but didn’t confirm a report from Dutch newspaper Het Financieele Dagblad that it is linked to corruption accusations against the daughter of former Uzbek president involving hundreds of millions of dollars.

“Given that the matter is under investigation we cannot comment further other than that we cooperate with the investigations,” ING Bank spokesman Raymond Vermeulen said in an e-mail to OCCRP. (more…)

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Photos: 11 of the world's most high-tech farms - Page 6 ...Rothschild  Sells Stake to Rabobank
News 2008

As lenders globally continue to write off and provision for a significant volume of soured loans, UK’s Rothschild group, one of the world’s leading investment banking organizations, has posted record results. The bank has been able to maintain its very strong performance again this year, despite the credit crunch, economic slowdown and the threat of a U.S. recession, with investment banking and corporate banking businesses both producing record revenues.

The bank, according to Timesonline – reported a 31%, 459 million euro, improvement in profits. In addition, record results from the organization’s advisory and private banking operations enabled the bank to pay record bonuses to its 2,700 people in June. (more…)

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Rothschild & Co SCA

ROTH.PA on Paris Stock Exchange: 30.37EUR
Change (% chg): €0.04 (+0.12%)
Prev Close: €30.33
Day’s High: €30.54
Day’s Low: €30.27

Aug 9 (Reuters) – ROTHSCHILD & CO SCA : :ROTHSCHILD GLOBAL ADVISORY: Q1 REVENUE DOWN 6% TO €225 MILLION (Q1 2016/2017: €240 MILLION) (ADDS DIVISION).Q1 REVENUE EUR ‍​ 409 MILLION VERSUS EUR 390 MILLION YEAR AGO.WE WOULD EXPECT OUR REVENUE FOR THE NINE MONTHS TO DECEMBER 2017 TO BE SLIGHTLY BELOW LAST YEAR’S LEVEL.ROTHSCHILD PRIVATE WEALTH & ASSET MANAGEMENT: Q1 REVENUE UP 40% TO €126 MILLION ‍​.ROTHSCHILD MERCHANT BANKING: Q1 REVENUE DOWN 16% TO €47 MILLION‍​.

People
Name Age Since Current Position
Eric de Rothschild – 75 – 2004 Chairman of the Supervisory Board (more…)

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Walgreen's - New uses for failed banks - Pictures - CBS NewsList of banks acquired or bankrupted during the Great Recession

This is a list of notable financial institutions worldwide that were severely affected by the Great Recession centered in 2007–2009. The list includes banks (including savings and loan associations, commercial banks and investment banks), building societies and insurance companies that were:

  • taken over or merged with another financial institution;
  • nationalised by a government or central bank; or
  • declared insolvent or liquidated.

(more…)

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