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Tag: Reuters

Feds Investigate U.S. Banks for Suspected Drug Cartel Ties

Feds Investigate U.S. Banks for Suspected Drug Cartel Ties

Two major U.S. banks are being looked into by U.S. regulators for suspected ties to Mexican cartels. The investigations signify a crackdown on money laundering in the U.S. According to an exclusive Reuters report, Charles Schwab Corp and Bank of America’s Merrill Lynch brokerage firm

China Launches $2 Billion African Development Fund

China Launches $2 Billion African Development Fund

China agreed to fund a $2 billion multi-lateral investment fund in cooperation with the African Development Bank. The move is a departure from China’s former “cheque book” policy of investing directly in individual countries.  Beijing appears to be forming the “Africa

10 Days, 4 House Races to Watch in CA's June 3 Primary

10 Days, 4 House Races to Watch in CA's June 3 Primary

California is home to 53 members of Congress, far more than any other state in the union.  Thanks to a decennial redistricting that favored Democrats–and to the state’s relatively new election rules that junk traditional party primaries for a “top