Author: CorruptionLedger

The trend of banks increasing their net interest margins and channeling their efforts into loan refinancing has raised concerns that it will reduce competition in the lending market. This shift could have significant implications for borrowers and the broader economy, according to Peter James (pictured above), director of non-bank lender Mortgage Ezy. “Banks are notorious for fattening their net interest…

The poverty rate in the U.S. has risen dramatically in the year since pandemic benefits ran out — and the child poverty rate has more than doubled, according to U.S. Census Bureau data released Tuesday. Just a year ago, the Census Bureau found child poverty had hit a historic low. Experts point to the expanded child tax credit as key…

JERUSALEM — Elbit Systems will supply the Swedish BAE Systems Hägglunds with its Iron Fist Active Protection System for CV90s in a deal worth $109 million, the Israeli firm announced Tuesday. Elbit noted the systems are intended for a European country, but declined to identify it. Based on previous publications by BAE, it is likely the client is Slovakia. BAE…

FOR IMMEDIATE RELEASE Thursday, September 7, 2023 A jury in Miami convicted two defendants on Sept. 5 in a scheme involving the falsification and fabrication of clinical trial data. On Sept. 5, Miguel Angel Montalvo Villa, 53, and Ivette Maria Portela Martinez, 53, both of Miami, were each convicted of one count of conspiracy to commit wire fraud and one…

  NEW DELHI, Sept 9 (Reuters) – Countries must refrain from use of force to seize territories, G20 countries said in a joint declaration at their summit in New Delhi on Saturday, avoiding any direct mention of Russia for the war in Ukraine. “In line with the U.N. Charter, all states must refrain from the threat or use of force…

Former Trump adviser Peter Navarro was found guilty Thursday of two counts of criminal contempt of Congress for defying a subpoena from the House committee charged with investigating the Jan. 6 attack on the U.S. Capitol. A federal jury deliberated for less than four hours before issuing its verdict. Navarro, 74, is now the second former aide to the former…

MIAMI — More than two years after 98 people died in the collapse of a Florida condominium tower, federal investigators have released new details about the cause of the collapse. They’re focusing on construction flaws on the building’s pool deck. Structural engineers with the National Institute of Standards and Technology say it’s one of the most complex investigations ever undertaken….

Following concerns raised by the government of the United Kingdom (“UK”) about freedom of expression and the provision of banking services, the UK’s financial watch dog, the Financial Conduct Authority (“FCA”), recently commenced an investigation into bank account closures.  This action follows in the wake of recent reports of banks allegedly closing customer accounts based…… Continue Reading
The post FCA Investigates Bank Account Closures, Including for PEP Customers appeared first on Global Investigations & Compliance Review.

A judge has sentenced “That ’70s Show” actor Danny Masterson to 30 years to life in prison for raping two women. “This has been a long and arduous road for the victims of Mr. Masterson,” read a statement from District Attorney George Gascón. “They not only survived his abuse, they also survived a system that is often not kind to…

  The Australian Securities and Investments Commission (ASIC) has taken legal action against Paypal Australia Pty Limited, alleging that the company’s standard form of contracts with small business owners contains an unfair term. According to ASIC, business account holders are given 60 days to notify Paypal of any errors or discrepancies in fees that Paypal has charged them, or else…

China’s President Xi Jinping has pledged to support Cuba’s defence of its national sovereignty, opposing foreign interference and a U.S. economic blockade, and will expand strategic coordination with Havana. Xi made the remarks in a meeting with Cuba President Miguel Diaz-Canel on the sidelines of the BRICS Summit in Johannesburg on Wednesday, according to a statement from the Chinese foreign…

Russian mercenary chief Yevgeny Prigozhin was believed dead after a private jet on which he was listed as a passenger crashed north of Moscow with no survivors. Prigozhin, 62, spearheaded a mutiny against Russia’s top army brass on June 23-24, which President Vladimir Putin said could have tipped Russia into civil war. Others who have opposed Putin or his interests…

(AP) — A private jet crashed in Russia on Wednesday, killing all 10 people aboard, emergency officials said. Mercenary chief Yevgeny Prigozhin was on the passenger list, but it wasn’t immediately clear if he was on board. Prigozhin’s fate has been the subject of intense speculation ever since he mounted a short-lived mutiny against Russia’s military leadership in late June….

WASHINGTON (AP) — The generic drug maker Teva Pharmaceuticals agreed Monday to pay $225 million to settle price-fixing charges related to sales of a major cholesterol-lowering drug. The U.S. Department of Justice said the agreement also requires Teva to divest its business making and selling the drug, pravastatin, a generic version of the brand-name medicine Pravachol. Another generic drug maker,…

The revised Swiss Federal Act on Data Protection comes into force 1 Sept. Unsurprisingly, perhaps, this upgrade to the 1992 version brings Switzerland’s data protection regime into greater alignment with the provisions of the EU General Data Protection Regulation. This includes the introduction of new, more stringent obligations on non-Swiss companies doing business in Switzerland, such as the requirement to…

WASHINGTON (AP) — The Biden administration on Thursday asked Congress to provide more than $13 billion in emergency defense aid to Ukraine and an additional $8 billion for humanitarian support through the end of the year, another massive infusion of cash as the Russian invasion wears on and Ukraine pushes a counteroffensive against the Kremlin’s deeply entrenched forces. The package…