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Chris Frankie
Lawyer Gets One Year in Prison for Mortgage, Tax Scams
- Thursday, 30 January 2020
A prominent New Jersey lawyer has been sentenced to one year and one day in prison on his conviction for making false statements in a bank loan application and failing to pay over payroll taxes withheld from employees, according to federal prosecutors. So reports InsiderNJ.
Read more...Banks That Spend More on Tech Make Better Loans: IMF
- Sunday, 26 January 2020
Banks with bigger information technology budgets fared better during the global financial crisis, according to a new working paper from the International Monetary Fund. So reports Quartz.
Read more...Ex-Wells Fargo CEO Fined $17.5M for Fake-Accounts Scandal
- Tuesday, 28 January 2020
Former Wells Fargo CEO John Stumpf will have to pay a $17.5 million fine for running the bank while it opened millions of fake accounts. So reports USA Today.
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