• Business

    The 11 most important things in the leaked FinCEN files, which exposed $2 trillion in suspicious transactions and are roiling the world of finance

    A Deutsche Bank branch in Frankfurt, Germany. Frank Rumpenhorst/picture alliance via Getty Images Leaked documents from the Financial Crimes Enforcement Network (FinCEN) were shared with news outlets. They show big banks have for years engaged with dirty money with little oversight. Banks named include JPMorgan Chase, HSBC, Barclays, and Deutsche Bank. Here are some of the biggest takeaways from the scandal. Visit Business Insider’s homepage for more stories. Thousands of leaked documents shared with journalists have shown how some of the world’s biggest banks for years facilitated the movement of dirty money. The documents, part of a collection of files belonging to the Financial Crimes Enforcement Network, were published on…

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  • Business

    The 9 most important things in the leaked FinCEN files, which exposed $2 trillion in suspicious transactions and are roiling the world of finance

    A Deutsche Bank branch in Frankfurt, Germany. Frank Rumpenhorst/picture alliance via Getty Images Thousands of leaked documents from the Financial Crimes Enforcement Network revealing how big banks have for years engaged with dirty money were shared with hundreds of journalists. The agency, which operates under the Treasury Department, compiles “suspicious activity reports” that can include evidence of financial crimes. Banks such as JPMorgan Chase, HSBC, and Deutsche Bank facilitated the movement of criminal money even after getting caught, the leaked documents reveal. Here are some of the biggest takeaways from the scandal. Visit Business Insider’s homepage for more stories. Thousands of leaked documents shared with hundreds of journalists reveal how…

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  • Business

    The 8 most important things in the leaked FinCEN files, which exposed $2 trillion in suspicious transactions and are roiling the world of finance

    A Deutsche Bank branch in Frankfurt, Germany. Frank Rumpenhorst/picture alliance via Getty Images Thousands of leaked documents from the Financial Crimes Enforcement Network revealing how big banks had for years engaged with dirty money were shared with hundreds of journalists. The agency, which operates under the Treasury Department, compiles “suspicious activity reports” that can include evidence of financial crimes. Banks such as JPMorgan Chase, HSBC, and Deutsche Bank facilitated the movement of criminal money even after getting caught, the agency reported. Here are some of the biggest takeaways from the scandal. Visit Business Insider’s homepage for more stories. Thousands of leaked documents shared with hundreds of journalists reveal how some…

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  • Business

    The 7 most important things in the leaked FinCEN files, which exposed $2 trillion in suspicious transactions and are roiling the world of finance

    JP Morgan Chase & Co sign outside headquarters in New York Reuters Thousands of leaked documents from the Financial Crimes Enforcement Network were shared with hundreds of journalists, revealing how big banks have for years engaged with dirty money.  The agency, which operates under the Treasury Department, compiles “suspicious activity reports” when it detects potential or evident financial crimes. Banks such as JPMorgan Chase, HSBC, and Deutsche Bank facilitated the movement of criminal money even after getting caught, the agency reported. Here are some of the biggest takeaways from the scandal. Visit Business Insider’s homepage for more stories. Thousands of leaked documents shared with hundreds of journalists reveal how some…

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  • Fashion

    Century 21 Closing: NYC’s Beloved Discount Retailer Files Bankruptcy

    Oh, man, this one stings. In a year of retail crises and closures in New York City, Century 21 — the discounter with roots in Brooklyn and a flagship store in the Financial District — is the latest to declare bankruptcy and will likely shut down all its stores, Bloomberg reports this morning. It’s in a standoff with its insurance carrier over its business-interruption payout, and, barring some kind of eleventh-hour reprieve, it’s a goner. Century 21 is one of the last of the great off-price fashion chains in New York, and we can now add its name to the pipe-rack mausoleum that houses Syms, Loehmann’s, Moe Ginsburg, Daffy’s, and…

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