TransCanada says it has secured enough customers to proceed with Keystone XL pipeline

SALT LAKE CITY — The Canadian pipeline company that set out a decade ago to build the $8-billion Keystone XL oil pipeline across the Great Plains said Thursday it had secured enough shipping orders to proceed with construction. A statement released by TransCanada stopped short of making a commitment to construct the 1,189-mile pipeline from Hardisty,… Please follow and like us:

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5 ways Wells Fargo ripped people off in 2017

Big banks. Two words that make consumer expert Clark Howard’s skin crawl! And no “giant monster mega-bank” — as Clark calls them — was more revolting in 2017 than Wells Fargo. Here’s a look back at the newer ways that the big bank ripped off its customers — beyond the usual high fees, poor customer service… Please follow and like us:

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Income rise buoys bank valuations

SHANGHAI-China’s largest banks posted double-digit increases in lending income in the July-September quarter, validating some of the earnings optimism that has fueled a rally in their shares this year. Industrial & Commercial Bank of China Ltd, Bank of China Ltd and Agricultural Bank of China Ltd reported average net interest income gains of 15 percent on… Please follow and like us:

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Jesse Eisinger: Prosecutors Are Too Chicken to Rein In Wall Street

Acute fear of failure permeates the United States judicial system when it comes to prosecuting top-level corporate executives for malfeasance; ergo, they simply walk away without punishment. Case in point: No chieftains from the big banks went to jail for their wrongdoings in the financial crisis, and rich and powerful white-collar fraudsters in other major industries… Please follow and like us:

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House votes to undo key parts of Dodd-Frank financial reform law

House Republicans voted Thursday to eviscerate much of the Dodd-Frank financial-regulations law, moving to wipe out one of President Obama’s signature accomplishments enacted to crack down on Wall Street in the wake of the 2008 crisis. GOP leaders said the 2010 law backfired, imposing too many burdens on community banks while encouraging even greater market concentration… Please follow and like us:

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Another Financial Crisis Is On The Way, Warns Former Goldman Sachs Exec

As President Trump pushes to sell off public assets to financial firms and eliminate financial regulations, former Goldman Sachs executive Nomi Prins says America is on the verge of another financial crisis. Prins, who is now a journalist and author of “All the President’s Bankers,” argues that lawmakers’ refusal to pass legislation breaking up the big… Please follow and like us:

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