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Sept. 21, 2020, 9:45 AM CDT / Updated Sept. 21, 2020, 11:22 AM CDT / Source: CNBC.com
By Fred Imbert, CNBC
Stocks fell sharply on Monday as fears about the worsening coronavirus as well as uncertainty on further fiscal stimulus rattled traders.
The Dow Jones Industrial Average dropped 900 points in the morning trading session, or 3.3 percent. The S&P 500 lost 2.6 percent, while the Nasdaq Composite fell 2.3 percent. The major stock averages were all coming off their third consecutive losing week, the market’s longest weekly slide since 2019.
Global banks defy U.S. crackdowns by serving oligarchs, criminals and terrorists
By ICIJ
Image: ICIJ / BuzzFeed News - Alicia Tatone
September 20, 2020
Secret U.S. government documents reveal that JPMorgan Chase, HSBC and other big banks have defied money laundering crackdowns by moving staggering sums of illicit cash for shadowy characters and criminal networks that have spread chaos and undermined democracy around the world.
The records show that five global banks — JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon — kept profiting from powerful and dangerous players even after U.S. authorities fined these financial institutions for earlier failures to stem flows of dirty money.
