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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Why do Calif. teachers own 6% of Bushmaster?

Category : Business

One way to reduce mass shootings is for big institutions to stop funding the assault weapon manufacturers.

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Canada Supports Electoral Observation Mission in Honduras

Category : Stocks

OTTAWA, ONTARIO–(Marketwire – Nov. 18, 2012) – Today, the Honourable Julian Fantino, Minister of International Cooperation, and the Honourable Diane Ablonczy, Minister of State of Foreign Affairs (Americas and Consular Affairs), announced Canada’s support to the Organization of American States (OAS) electoral observation mission in Honduras.

“Through the Canadian International Development Agency, Canada is providing support to electoral observation missions in the Americas,” said Minister Fantino. “Canada supports the promotion of democracy and the strengthening of democratic institutions in Honduras.”

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Interactive Data’s Global Corporate Actions Data Available Through XSP’s New Cloud-Based Offering

Category : World News

XSPrisa(TM) Provides Financial Institutions With SaaS Access to Global Corporate Actions Data

Originally posted here: Interactive Data’s Global Corporate Actions Data Available Through XSP’s New Cloud-Based Offering

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Businesses ‘lack trust’ in banks

Category : World News

Businesses’ trust in banks and other financial institutions is falling, according to a survey from the British Chambers of Commerce.

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US officials ready to target banks over safeguarding failures – report

Category : Business

Authorities reportedly set to crack down on banks for failing to monitor whether cash was being used to launder dirty money

Major US banks are being investigated for insufficiently safeguarding against being used by drug dealers or terrorist groups to launder dirty money, it was reported Saturday.

An article in the New York Times suggested that federal and state authorities were ready to launch an aggressive crackdown on the failure to monitor transactions, in a move aimed at flagging to financial institutions that weak compliance is unacceptable.

Officials told the Times that regulators are close to taking action against JP Morgan, while other firms including Bank of America are also being investigated over perceived shortcomings when it comes to putting a check on money-laundering activities.

It comes just months after a Senate committee roundly criticised HSBC for ignoring warning signs that it was being used by money launderers and drug cartels in Mexico.

US politicians also accused HSBC of circumventing US sanctions on countries including Cuba and Iran – a charge that has also been levied against JP Morgan.

The Senate report was also highly critical of the Office of the Comptroller of the Currency (OCC), stating that the regulator needed to take “stronger action” on banks that exercise poor anti-money laundering controls.

The OCC is now leading the crackdown on non-compliant banks, according to the New York Times report.

It suggested that a “cease-or-desist” order could be issued against JP Morgan in the coming months, forcing the bank to review its checks, and implement measures to firm up its safeguards.

Prosecutors from the justice department and the Manhattan district attorney’s office are also investigating lapses at a number of financial institutions, it was reported.

If action is taken against JP Morgan it will comes as a further blow to a bank still reeling from a $5.8bn trading loss that led to a political firestorm in the US and led to a tighter regulation of Wall Street.

AMD Announces Support for RealD’s BlueLine Technology; Addresses Rapid Market Adoption of 3D DLP Projectors With AMD FirePro Graphics

Category : World News

Educational Institutions, Boardrooms and the Media and Entertainment Industry Will Benefit From Enhanced Stereo 3D Experience From an All-in-One Visualization Solution

Follow this link: AMD Announces Support for RealD’s BlueLine Technology; Addresses Rapid Market Adoption of 3D DLP Projectors With AMD FirePro Graphics

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Bill Gross: Get used to stunted returns

Category : Business, Stocks

Both financial institutions and households continue to go through a deleveraging process after having taken on too much debt. That’s resulted in slow economic growth, and in some countries, even recession or depression.

Original post: Bill Gross: Get used to stunted returns

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Grupo Financiero Banorte, S.A.B. De C.V. (GBOOY: OTC Link) | GRUPO FINANCIERO BANORTE CONTINUES TO EVALUATE GROWTH OPTIONS TO CONSOLIDATE ITS LEADING POSITION IN THE MEXICAN FINANCIAL SYSTEM.

Category : Stocks

Grupo Financiero Banorte, S.A.B. de C.V. (“GFNORTE”) (BMV: GFNORTEO) informs the investment public that it is constantly analyzing different strategic alternatives to strengthen its leading position as one of the most important institutions in the Mexican financial system. In 2011, GFNORTE merged with Ixe Grupo Financiero and Afore XXI, enabling the Financial Group to become one of the leading institutions in premium & wholesale banking, and one of the most important managers of retirement funds in Mexico. In this regard, we continue to explore alternatives to generate greater scale in the Afore and Annuities sectors. If a sale of BBVA Bancomer’s assets occur in these segments, as was announced publicly by BBVA Group a few weeks ago, GFNORTE would be interested in evaluating a possible acquisition of these businesses, as long as it is carried out at a price that generates value to Grupo Financiero Banorte’s shareholders.< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

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Goldman and other big banks are not out of the woods

Category : Business

The lack of accountability during the financial crisis, which was a tear in the faith in governmental and banking institutions, is turning into a giant rip that may never be repaired.

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Winterbourne View abuse: last staff member pleads guilty

Category : Business

Michael Ezenagu and 10 other former care home staff to be sentenced for abusing patients with learning disabilities

The last member of staff caught on camera by a BBC investigation abusing patients at a private care home has pleaded guilty.

Michael Ezenagu, 29, admitted two charges of ill-treating Simone Blake at the Winterbourne View private hospital in Hambrook, south Gloucestershire.

The care home was exposed by Panorama last year when an undercover reporter recorded secret footage of patients being abused by their carers. The video appeared to show vulnerable residents being pinned down, slapped, doused in water and taunted.

Ten other former employees of Winterbourne View – Wayne Rogers, Graham Doyle, Allison Dove, Jason Gardiner, Charlotte Cotterell, Holly Draper, Kelvin Fore, Sookalingun Appoo, Danny Brake, and Neil Ferguson – had already pleaded guilty to a total of 36 charges of ill treatment under the Mental Health Act, bringing the total number of charges to 38.

The staff will all be sentenced at Bristol crown court, with the Recorder of Bristol, Judge Neil Ford QC, not expected to make his decision public for another month. The number of people involved means it will take a week to sentence them all.

Ford told Ezenagu, who was the only defendant present in court for Monday’s hearing: “Your case will be adjourned for sentence and your sentence and the sentence of your co-accused will take place together. I am told that the sentencing hearing will take as long as a week and there will be some delay in finding a date.”

After the hearing Ann Reddrop, head of the Crown Prosecution Service’s south-west complex case unit, said prosecutors would ask Ford “to take into account the fact that these are disability hate crimes when determining the sentence

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