Want another reason why it’s important to go to sites that provide competitive banking needs? Federal prosecutors are reopening investigations into some of the nations’ banks just two years after putting them on parole, the New York Times reported.
Two years ago the Feds put some of the world’s largest banks on the equivalent of white collar parole for a variety of crimes, but the investigation is looking at the banks breaking the conditions of the parole.
Among the banks named that were being investigated include the big British bank Standard Chartered, which reached a settlement in 2012 over accusations that it transferred billions of dollars for Iran and other nations blacklisted by the United States, according to sources named in the Times story.
New York State’s banking regulator is also re-looking at the 2013 settlement with the Bank of Tokyo-Mitsubishi UFJ.