NEW YORK—PNC Bank is the latest large U.S. financial services company to increase wages in a bid to keep and attract employees, raising its minimum wage to $18 an hour while also giving higher-paid workers a bump in pay. The bank said Monday that the wage increase will apply to both PNC employees as well…
The Latest: Afghans Protest at Kabul Bank, Long ATM Lines
Hundreds of Afghans have protested outside a bank in Kabul as others form long lines at cash machines. The protesters Saturday at New Kabul Bank included many civil servants demanding their salaries, which they said had not been paid for the past three to six months. They said even though banks reopened three days ago…
Mom of 3 in Dire Straits Rejected by Food Bank Now Runs Her Own Free Grocery Store
Alone with three children amidst a divorce, an Ohio mom once forewent most of her own meals to feed her kids. She’d even been rejected by her local food bank, a hardship which would inspire her to start her own free grocery store 16 years later. In late 2020, mom Nicole Adkins started With God’s Grace out…
2 Florida Banks Close Trump’s Accounts
Two Miami-area banks have cut ties with former President Donald Trump by closing his accounts, multiple outlets reported on Jan. 21. Bank United, where Trump held between $5 and $25 million at the end of 2020, announced its decision on Thursday. “We never had a lending relationship with Donald Trump and we no longer have…
China Insider: Defense Bill Orders U.S. Treasury to Probe Chinese Money Laundering
January 19, 2021
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2021bankcashChinaChina Business & EconomyChina InsiderChina SocietyChinese Regimecrimeeconomyfaking trade invoicefinancefinancialgamblingGraham Barrowlegal personmoney launderingNational Defense Authorization ActNDAANews VideosPolicyreal estateshadow companiessmugglingU.S. treasury departmentunderground bankUSVideovideo specialVoice of America
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2021bankcashChinaChina Business & EconomyChina InsiderChina SocietyChinese RegimecrimeEconomyfaking trade invoicefinancefinancialgamblingGraham Barrowlegal personmoney launderingNational Defense Authorization ActNDAANews VideosPolicyreal estateshadow companiessmugglingU.S. treasury departmentunderground bankUSVideovideo specialVoice of America
The U.S. Treasury Department will investigate the risks posed by China’s money laundering and develop a strategy to defend against it, as required by the National Defense Authorization Act of 2021.
HSBC Says Customers Who Don’t Wear Face Masks Could Have Bank Accounts Terminated
Banking company HSBC told its UK customers that if they refuse to wear a mask in an HSBC branch, they could have their accounts closed. Jackie Uhi, head of the branch network, told the Daily Mirror tabloid that those who do not comply with the mask rule will have their relationship with HSBC severed. “Sadly,…
HSBC Says UK Bank Customers Who Won’t Wear Face Masks May Have Accounts Closed
HSBC told its UK customers that they could have their accounts closed if they refuse to wear a face mask in a branch of the bank. Jackie Uhi, head of the branch network, told the Daily Mirror tabloid that those who don’t comply with the rule will have their relationship with HSBC severed. “Sadly, some…
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