Truist Bank was fined more than $9.1 million in a settlement that reveals alleged lapses of fiduciary oversight by its predecessor, SunTrust. The case stems from the actions of SunTrust Bank, which was acquired by Branch Banking and Trust Company in December 2019 to...
Financial Fraud
They Turned Legal Arbitration Into a Corporate Weapon
From the outside, arbitration sounds like a fair process—an alternative to the courts where disputes can be settled without the headaches of litigation. But when a corrupt corporation like Brief (formerly known as Ejudicate, Inc.) takes the reins, what should be a...
Fairway Mortgage’s Privacy Violations Threaten Family Stability
The American housing crisis is no accident—it’s engineered. While communities of color and working-class families fight to secure home ownership, corporations like Fairway Independent Mortgage Corporation undermine those efforts through unethical practices. The shitty...
How Credit Suisse’s Fraud Left Mozambique’s Fishermen Adrift
Credit Suisse’s fraudulent $850 million loan to fund a tuna fishing project in Mozambique represents more than just another corporate scandal. It reveals how far global financial institutions will go to secure lucrative deals, even at the cost of destabilizing entire...
How Société Générale Exploited Libya’s Fragile Economy
As Fatima watched her government grapple with yet another financial crisis in Libya, she never knew that behind the scenes, powerful hands were exchanging millions in bribes, prioritizing corporate greed over the needs of her community. For years, Société Générale...
Barclays’ $4 Million Fine Exposes Cracks in Global Swap Reporting System
When a major bank like Barclays fails to report millions of transactions correctly, the impact isn’t just felt in boardrooms. It ripples out to small businesses, local economies, and everyday people. Earlier this month, the Commodity Futures Trading Commission (CFTC)...
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