PAUL Manafort is a US lobbyist, political consultant and lawyer who joined Donald Trump’s campaign team in March 2016. But why was he on trial, was he found guilty of fraud, and what's Donald Trump said? Why is Paul Manafort on trial? Manafort, 69, has been under investigation by various federal agencies in the US. He is a person of interest in the FBI probe looking into possible interference in the 2016 presidential election by the Russian government. The charges against him related to his consulting work for the pro-Russian government of Viktor Yanukovych in the Ukraine. Manafort surrendered to the FBI on October 30, 2017. The charges against him include: conspiracy against the United States, conspiracy to launder money, failure to file reports of a foreign bank and financial accounts and being an unregistered agent of foreign principal. Manafort was found guilty of five tax fraud charges, one charge of hiding foreign bank accounts and two counts of bank fraud. The charges … [Read more...] about Why was Paul Manafort on trial, what is his plea deal with Robert Mueller and when was he Trump’s campaign manager?
Bank deals new account
The Federal Reserve bumped up its most important interest rate another 0.25 percentage on Wednesday to 2.00%, its seventh rate hike since late 2015, after the central bank kept its target federal funds rate at zero or near zero in the years following the financial crisis. MagnifyMoney analyzed Fed rate data to see how the rates consumers pay for loans and earn on deposits have changed since the Fed started raising them. In short, we find Fed rate changes have wide-ranging implications for consumers. Credit card borrowers are paying $110 billion in interest annually, up $31 billion from the annual $79 billion they paid prior to the first Fed rate hike in December 2015, making introductory 0% APR deals all the more attractive for some borrowers. Meanwhile, depositors earned significantly more from savings accounts. In the 12 months ending in June 2018, depositors earned $26.8 billion in interest on their savings accounts, up $16.8 billion from the $10 billion they earned in … [Read more...] about Fed rate hike: Here’s how much it hits credit cards, loans, savings accounts
By Rishika Dugyala and Anna Irrera NEW YORK (Reuters) - Free Wi-Fi, discounted cappuccinos, artwork, and a dancing robot are among the features banks across the United States are touting to convince customers that even in an era of smartphones it is still worth it to visit a bank branch. Banks are in a bind - branches are costly and keep losing traffic as phone apps take over day-to-day banking, but they need them because that is where customers still get advice, resolve tricky account issues or deal with cash and checks. To square that circle banks have been trying to drum up more branch business with location upgrades and eye-catching features. JPMorgan Chase & Co <JPM.N> branches, for example, feature local art, Bank of America Corp <BAC.N> highlights new technologies at its "technology bars," and at HSBC Holdings PLC's <HSBA.L> Fifth Avenue flagship New York branch a humanoid robot Pepper greets visitors with a wave and a wiggle. However, wooing more customers … [Read more...] about Banks turn to espressos, dancing robots to help keep U.S. branches alive
JEREMY Corbyn’s hard left Labour Party paid ZERO Corporation Tax last year - despite a whopping £1.4 million surplus sitting in the bank. Just days after slamming corporations like Amazon for legally minimising their UK tax on profits, new accounts showed Labour used legal loopholes reduce their own bill to nothing. Labour raised a record income of nearly £56 million in 2017, official figures show, but they insisted last night there were “no taxable profits made” despite having surplus funds left over and writing off some losses. They were branded hypocrites after promising just NINE days ago that: “The next Labour government will implement tough measures to crack down on the super-rich and big corporations that seek to abuse the system in this way.” Last night a Labour Party spokesperson said: “As the accounts make perfectly clear, the Labour Party made no taxable profits therefore no corporation tax was due. We all the tax that is due and … [Read more...] about Labour paid ZERO corporation tax last year – despite having a £1.4MILLION surplus in the bank
Advertisement feature for When it comes to finding the right bank to serve your business, it is easy to assume that the big names are your only options So-called “high street” banks are very visible in the business space. Many offer free periods of current account banking for new start-ups, or for companies transferring their banking from another provider. And most will also offer loans for businesses that are looking for financing. Hence, it can be tempting to use the bank that holds your current account when you need to borrow money. But according to some financial experts, there could be better deals available on loans and current accounts, so businesses may do better to look beyond traditional loan financing when trying to find the best ways to grow their businesses. Which business current account is best for you? In the same way as it pays to do a bit of homework before choosing an individual current account that suits your needs, it is worth making a list … [Read more...] about Could sticking with your bank be harming your business?