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British American Tobacco Pays U.S. $635 Million for North Korea Cigarette Scheme
Posted inBanking and Financial Institutions British American Tobacco PLC Justice Department Money Laundering North Korea Singapore Smoking and Tobacco South Korea Suits and Litigation (Civil) Treasury Department

British American Tobacco Pays U.S. $635 Million for North Korea Cigarette Scheme

Prosecutors in the United States said the firm secretly did business with North Korea through an intermediary, violating sanctions. The company apologized.
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Posted by By Mike Ives
First Republic Bank Enters New Free Fall as Concerns Mount
Posted inBanking and Financial Institutions Company Reports Federal Deposit Insurance Corp Federal Reserve System First Republic Bank New York Stock Exchange Silicon Valley Bank Stocks and Bonds

First Republic Bank Enters New Free Fall as Concerns Mount

The bank’s shares fell by about 50 percent on Tuesday, a day after it said customers had pulled $100 billion in deposits in the first quarter.
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Posted by By Maureen Farrell and Jeanna Smialek
First Republic Bank Lost $102 Billion in Customer Deposits
Posted inBanking and Financial Institutions Company Reports First Republic Bank Regulation and Deregulation of Industry

First Republic Bank Lost $102 Billion in Customer Deposits

The regional bank received a $30 billion lifeline from big banks last month, but depositors and investors remain worried about its prospects.
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Posted by By Rob Copeland and Maureen Farrell
Not Just a D.J., Goldman C.E.O. Also Dabbles in Luxury Real Estate
Posted inBanking and Financial Institutions Casamigos Spirits Co Conflicts of Interest Discovery Land Co Executives and Management (Theory) Goldman Sachs Group Inc Regulation and Deregulation of Industry Solomon, David M

Not Just a D.J., Goldman C.E.O. Also Dabbles in Luxury Real Estate

David Solomon is an adviser to and part owner of a private real estate company that Goldman Sachs has sought to do business with.
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Posted by By Emily Flitter

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