July 24, 2021
How did this banking crisis end for Suntrust Bank and Bank of America?
The bank and the other two big banks have agreed to pay more than $4 billion to settle their criminal charges.Suntrust, which had more than 800,000 customers as of October, had already agreed to repay $3.5 billion to customers.Bank of Americans agreed to settle charges of misleading customers, money laundering, failing to pay taxes, and […]
July 16, 2021
Community bank goes into receivership,colombia bank goes bust
A community bank in Colombia has gone bust after a consortium of banks in the country failed to meet their financial obligations.Key points:The consortium, the largest in the world, collapsed amid the financial crisisThe bank’s debts totalled US$4bnCommunity bank had to close after it had been hit by a massive cash crunchCommunity bank head Jose […]
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