Canadian Banks Block Homebound Seniors From Getting Their Money

CBC Some bedridden or housebound elderly people have been denied service by Canadian banks, which refuse to cash cheques and do other transactions on their behalf, unless they come to the bank. “It’s cruel — and there is no need of it,” said Linda Graham, whose 94-year-old mother went without her pension money for seven […]

Barclays Banker Fired After Telling Someone He’d Burn His ‘F**king House Down’

Harry Bradford, The Huffington Post Being a banker can be a stressful gig, but that doesn’t really give anyone the right to start tossing sheet metal at people. Olivier Desbarres, was fired from his job as a senior Singapore-based banker at Barclays after a video leaked of him berating and threatening a group of construction workers who were […]

Bank of America Loses Bid to Dismiss FHFA Mortgage Bonds

Edvard Pettersson, Bloomberg Bank of America Corp.’s Merrill Lynch & Co. unit must face a lawsuit by the Federal Housing Finance Agency, the conservator for Fannie Mae and Freddie Mac, over mortgage-backed securities sold by the investment bank. U.S. District Judge Denise Cote in New York yesterday denied Merrill’s request to dismiss the FHFA’s securities law and […]

SEC charges hedge fund with mortgage bond fraud

Ronald D. Orol, MarketWatch The Securities and Exchange Commission on Thursday charged a hedge fund manager with allegedly defrauding investors by hiding millions of dollars in losses from mortgage securities. Specifically, the SEC alleges that Walter Morales and hedge fund Commonwealth Advisors, based in Baton Rouge, La., tried to hide $32 million in losses by […]

Canadian Bank Drained Terminally-Ill American Child’s Charitable Account

Then Hounded Family For Overdraft Fees Karin Price Mueller/The Star-Ledger Karin Price Mueller, The Star Ledger Andrew Cogswell doesn’t have a lot of free time to fight bureaucracy. The South River man is the father of Kelly Cogswell, 6, who is terminally ill with Mitochondrial Disease/Leigh Syndrome. Kelly lives with a tracheotomy, a feeding tube […]

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