A strong stance against the russian strongman because franco. Is also one of the countrys most critical economic partners. For the show. And its good to have you with us a german Lender Deutsche Bank is no stranger to scandal paying more than 10000000000. 00 in fines and settlements over the last decade for everything from dodgy Mortgage Backed securities to Money Laundering but the bank has supposedly cleaned house now a trove of leaked files sheds new light on past transactions and raises the possibility of new scrutiny from regulators. For years customers from russia and other former soviet states funneled money into the western Financial System via too much of bank the socalled near a trade scheme unraveled in 2015 the bank later paid a settlement of more than 600000000. 00. Joy. Was found to have been engaging in a variety of suspect trades involving as much as 10000000000. 00. The bank didnt seem to be a victim they seem to be a participant in these mirrored trades back then dont
Five, probably four. Looking at five very seriously. I will make a decision on either friday or saturday. Charles President Trump announcing his plans to replace Ruth Bader Ginsburg on the Supreme Court, pushing for a vote before election day. Can it happen, should it happen and what happens when it happens . We tapped the best legal minds at fox news for the answers. All that and so much more on making money. Charles so, folks markets opened under very big pressure this morning continuing to move lower as investors are grappling really with a confluence of concerns including washington, d. C. , turmoil, exacerbated by the untimely and tragic death of Justice Ginsburg. A lack of fiscal aid package, great he contested election and covid19 spikes in europe causing concern here in the United States. We have jack ablin and michael lee strategies, michael lee. Michael, i want to get your assessment on the selling that were seeing. Maybe it is found a sort of intraday bottom. Certainly some
Lets get straight to steve liesman. Jay powell testimony before the House Services committee will note improvement in the economy saying Household Spending has recovered three quarters of the decline and say this is in part response to federal spending and higher Unemployment Benefits which is running down he said housing has rebounded and Business Investment showing signs of improvement but overall employment and Business Activity with well below the prepandemic levels an the out light is uncertain. He makes special mention of the feds main Street Lending program, a 600 billion program with a backstop from the troo z treasury hell be speaking tomorrow before the house financial Services Committee with treasury secretary Steve Mnuchin and this is required testimony about the cares act where they have to quarterly appear before congress and discuss progress with the lending programs. The terminology, highly uncertain, is that different from what the clair has used in the past. This is t
Fight Money Laundering. Another concerning the display of the p. O. W. M. I. A. Flag. You are watching live coverage from the floor of the house here on cspan. The speaker pro tempore the house will be in order. The prayer will be offered by guest chaplain reverend dr. Marilyn monroe harris, First Baptist church of teaneck, teaneck, new jersey. The chaplain let us pray. O lord, our gordon, how excellent our god, how excellent is your name on all the earth. We thank you for this day and we pray for those who gather in these hallowed halls and serve the United States of america. We pray that you sustain their physical bodies and wrap your arms around their loved ones. On this day, we ask that your holy presence become manifest, guide all with wisdom and discernment to implement just and sound policy. Engulf all with compassion for humanity and creation, infuse our hearts with your love. For it is your love, o lord, that is transformational. It is your love that seeks the greater good. It
Bill also works to lower the compliance burden on Financial Institutions, most of which are Community Banks, by establishing several tools to allow for more targeted sharing of b. S. A. , is bsaamlrelated information. Studies kes modest and waste ways to reduce the cost associated with researching and writing suspicious activity reports. The bill also creates a new privacy and Civil Liberties officer, as well as an innovation officer in each of the federal financial regulators. And importantly, the bill imposes new penalties on Financial Institutions and personnel that violate the law and creates a Whistleblower Program to encourage and protect those who identify such bad acts. R. 2513, as amended, has the strong support of Financial Institutions. It is also supported by n. G. O. s like the aflcio, global witness, oxfam america, friends of the earth, jubilee u. S. A. Network, and the Small Business majority, all of which are members of the transparency focus fact coalition. Its widely