WELCOME TO: KNOWLEDGEFINANCIALGROUP.COM
We have  buyers interested  in
buying  multi-family & commercial
properties in Miami Dade county,
Broward, Palm Beach, Fort-myers
and Port St Lucie area.

We are looking for sellers.
Call us for free consultation and
valuation of your
property.

South FL. CALL US AT: 786-631-7740

We also specialize in Luxury
Residential & waterfront properties.

We have gained the reputation of
great professional from some of the
highest profile clients.

We are raising the bar higher in
customer service and playing a
pivotal role
in finding Finance for Real Estate

If you are looking for a Realtor that
gives first class
care, attention and service

CALL US AT: 786-631-7740- South
Florida

We are always there for all our clients
in every
possible way to maximize their
dreams.

I always felt that servicing my clients
is a top priority that’s
why I make myself available seven
days a week to
accommodate clients

We offer exceptional real estate
service  to ensure
the highest exposure and top dollar
for your
property.

We promote For Sale properties with
an exclusive
multimedia marketing campaign. We
Sell fast, we
Sell it quick for the top dollar.
REAL ESTATE WANTED
Private Investors Want
Commercial Properties.
Will Look at all  income
producing properties.
We pay cash or terms,
We pay for referrals
CLICK HERE TO
CONTACT US...
REAL ESTATE FINANCING:
HOW AND WHERE TO FIND
MONEY TO BUY A PROPERTY

PRE-QUALIFICATION
MORTGAGE LOAN
PRE-QUALIFICATION, LOW
INTEREST RATES. CLICK HERE

HOME REFINANCING
RATES ARE STILL NEAR
HISTORIC LOWS
IT MAY BE A GOOD TIME NOW
TO REFINANCE!
LEARN MORE...

COMMERCIAL MORTGAGE
LOANS:
COMMERCIAL MORTGAGES,
COMMERCIAL REAL ESTATE FOR
INVESTORS
REAL ESTATE FOR SALE, SEE
THE ACTUAL LISTINGS NOW!
Search for more properties in
any city Right Here, Right Now!
Fast, Easy and Simple. Click
Here to Search!
REAL ESTATE FOR SALE AT Low
Prices, Below Market Value,
Low Interest rates.
FIND HOMES FOR SALE!.
SINGLE & MULTI-FAMILY  HERE!

SEARCH FOR CONDOMINIUM,
APARTMENTS
SEARCH FOR COMMERCIAL
PROPERTIES RIGHT HERE!
SEARCH FOR WATERFRONT
PROPERTIES

Motivated Sellers; Selling at
Unbelievable Prices... LOOK
FOR, FOR  SALE PROPERTIES
HERE!

Live Your Dream
Search it, Find it, Learn about
it, Negotiate it, Buy it.

Obtain and retain our contact
information  to further assist
you.! Click Here to contact us &
get immediate help! We're
Licensed Realtor & Licensed
Mortgage Broker.
IF YOU NEED HELP TO
SELL YOUR REAL
ESTATE PROPERTY IN
SOUTH FLORIDA;

PLEASE CALL ANTONY  
PROFESSIONAL
REALTOR.

AT:  --- F. I. Realty
FREE FINANCIAL ADVICE. WAYS TO SAVE
MONEY, TO MAKE MONEY, AND GET OUT OF
DEBT. THE SECRETS OF GETTING AHEAD TO
BUILD WEALTH!

THE 16 DAYS THAT SHOOCK THE US
ECONOMY IN SEPTEMBER, 2008.
A shocking series of events that
forever changed the financial
markets & the world. LEARN MORE
HERE...

1-AMERICA’S MONEY CRISIS / Bailout 101. LEARN
ABOUT: Top 6 Biggest U.S. Government Financial
Bailouts In History! CLICK HERE...
2-LEARN ABOUT MARKET CRASHES HISTORY. HOW
AND WHEN?
3-LEARN ABOUT: THE UNITED STATE,  AND THE
WORLD MOST IMPORTANT FINANCIAL
INSTITUTIONS!
4-LEARN ABOUT THE COMPLETE FINANCIAL
TURMOIL, THE CREDIT CRISIS!

THE SECRETS TO SAVE MONEY! Over 66 ways,
methods, techniques and strategies to Save
Your Money. The smartest words ever said by anyone:
“A penny saved is a penny earned.”

How to Become Wealthy?
Nine Truths That Can Set You on the Path to
Financial Freedom

HOW TO CLAIM THE UNCLAIMED MONEY?
UNCLAIMED MONEY, UNCLAIMED PROPERTY, THE
FORGOTTEN TREASURE SEATING IN THE HANDS
OF THE STATES GOVERNMENT COULD BE YOURS
OR TO SOMEONE YOU MAY KNOW!

The Successful Investment Journey, Ten Tips For The
Successful Long-Term Investor need for success
Ten Steps to Building a Winning Trading Plan, and
Five Things To Know About Asset Allocation

WHERE AND HOW TO FIND MONEY TO INVEST IN
REAL ESTATE?

FOR SALE BY OWNER { FSBO}  FREE ONLINE
ADVERTISEMENT,  FREE LISTING, ZERO BROKER'S
COMMISSION  ----  SELL YOUR REAL ESTATE
PROPERTY NOW AT NO COST TO YOU!

COMMERCIAL MORTGAGES, COMMERCIAL REAL
ESTATE FOR INVESTORS!
Commercial Mortgages helps you secure
funding to purchase commercial property.

COMMERCIAL REAL ESTATE FOR SALE  
ADVERTISEMENT CAN BE PLACED HERE ON THIS
WEBSITE FOR FREE.
FREE ONLINE COMMERCIAL REAL ESTATE
ADVERTISEMENT. NO COSTS, NO FEES, NO
CHARGES TO THE SELLER.

HOW TO INVEST IN COMMERCIAL REAL ESTATE?
COMMERCIAL REAL ESTATE; A BETTER WAY TO
INVEST AND GET RICHER

If you need to purchase a real
estate property in South Florida
! Let us know and we will show
where it is, and how much it is.
And we'll provide you with the
following important benefits...

We will assist you in securing
the best financing program for
your specific situation with
lowest interest rate and least
expensive closing costs
possible.

We will help you find the
property you're looking for, we
will provide you many options
and you determine which
properties you want to view and
or choose to buy.

We will arrange a private
showing at any property you
want to see;
and when you find a property
you like, we will use our
SPECIALIZED KNOWLEDGE and
discuss strategy with you
regarding offer, price, financing
terms, possession date, and
anything else you want to know .

We will help you prepare the
offer with the terms, provisions,
and addendums weighted in
your best interest.

We will present the offer to the
seller in your behalf, and then
negotiate in your best interest
to help you secure the property
at the best possible price &
terms.

We will always be available for
you, throughout the entire
purchase process, to answer
any questions you might have.

You are not under any obligation
at anytime to buy or build a
property.

Our fees being paid to us by the
seller at closing. There is no
cost to you!


Acknowledge that the Agent /
Broker is being retained solely
as a real estate agent as a
transaction broker and is not  an
attorney, tax advisor, lender,
appraiser, professional home
inspector or any other
professional service provider.
BUYER has been advised to
seek professional advice
concerning the condition of the
property, and legal & tax
matters.   
''INSURANCE-- Everything You
Need to Know About Insurance;
South Florida, Call The
Insurance Representative  At: -

- Get an Insurance Quote, Look
How much a Policy Can Cost
You, or See If You're Paying Too
Much For a Policy.-- Get a Free
Quote!--  

Learn About The Top 10
Insurance Myths...

GET THE BEST INSURANCE
ADVICE EVER... & Save Money

-10 PLACES NOT
RECOMMENDED TO USE DEBIT
CARDS:--  Financial Freedom.--
Seven Rules of Wealth Building  

'' 7 Things Not To Do, Or To
Stop Doing Now on Facebook,
Myspace, & Tagged.  --

,, Start your own business
EASY & SIMPLE,  be your own
boss,  make extra money,  
secure your financial future,  
obtain financial freedom.
ATTENTION,  ATTENTION!

IMPORTANT INFORMATION ABOUT THE
UNITED STATES  FIVE [5] BIGGEST FINANCIAL
INSTITUTIONS...   
,,Federal Housing Administration {FHA}
Mortgage Loan Programs Information Center.
--- Government's general Information;  Local,
State, and Federal.--

Bank of America Financial Services

Wells Fargo Financial Services

PNC-National City Mortgage Financial Services

Citibank,Citifinancial, Citimortgage, Citigroup

JPMorgan-Chase Financial Services

How & where to find money to invest in real
estate? & How to make the Bank say, "Yes
You're Approved"

TYPE OF MORTGAGES: --WHAT GUIDELINES
ARE REQUIRED FOR A MORTGAGE LOAN?

Learn here the most effective ways to get the
best loan rates, and the best terms


'' INSURANCE 101:  EVERYTHING YOU
NEED TO KNOW ABOUT INSURANCE;
NOW IS YOUR CHANCE TO KNOW
HOW TO SAVE MONEY ON YOUR
INSURANCE!  :

''The 10 Best Ways to Lower Your
Car Insurance Bill!  Ways to Save
money .

''..HOW TO OBTAIN AN INSURANCE
LICENSE,  And  Get Hire,  Start
Working Immediately With One Of
The Greatest  Insurance Company In
The W0rld?b
''LOW COST LIFE INSURANCE, BUT
VERY GOOD PLAN.   ''-
-Wyclef Jean The Prime Candidate New
Declaration on Radio Metropole About
How he will govern Haiti...

-Real Estate: Help for homeowners in
difficulty the Us federal government has a
new program to help homeowners stop
foreclosure. DV-
- Financial Services Company.
What We Do, How we do it?   
--
-Haiti New era-new hope, Haiti news.
Read the latest headlines on Haiti.  All of
the latest news from the US & around the
world.

''-GOVERNMENTS GENERAL INFORMATION
CENTER--

FINANCIAL EDUCATION TOOLS AND
RESOURCES for financial success

-HISTORY-THE MOST AMAZING HISTORY
AND BIOGRAPHY OF THE WORLD:
POLITICIANS, WARS, THE GREAT WONDERS,
WORLD GREATEST
ORGANIZATIONS ETC.

-Money Management- Counterfeit Combat:
Defense Is in the Details. How to reconize and
combat counterfeit money?

- INSURANCE: Ways to Reduce Your Life
Insurance Premium; Learn the importance and
benefits of life insurance in real life.    

-- FINANCIAL INSTITUTION YOU CAN TRUST,
A STRONG INSURANCE COMPANY TO BE
WITH . Here is EVERYTHING YOU WANT TO
KNOW ABOUT INSURANCE  --

Start your own business EASY &
SIMPLE,  be your own boss,  make extra
money,  secure your financial future,  
obtain financial freedom.  
''Best Business Ideas to make success on the
internet & on social media. From Money Making
Network Organization
How Your Mind Creates The Reality Of Your Life..
GREAT STUFF!

The Law - The Power - The secret
''Health Care''-

''Medical Resources''-

'Homeowners Insurance''-

''INSURANCE INFO: Ways to Reduce Your
Life Insurance Premium; Learn the
importance and benefits of life insurance
in real life.

'Life Insurance FREE QUOTE, FAST &
EASY''''Find Out How Much You Can Save
On Life Insurance-

'REQUEST A FREE QUOTE TODAY'' Find Out
If You're Paying Too Much For Life
Insurance.
''AFFORDABLE LIFE INSURANCE: BEST
PRICES, BEST PLAN, WITH THE BEST
COMPANY.

''Insurance General Knowledge : THE
IMPORTANCE OF INSURANCE IN
SOMEONE'S LIFE.

''As A Financial Services comp.- As A Life
Insurance Company. What The Do, How
They do it?

''Term Life Insurance  Advantages,
Features  And Benefits While  Alive And
After Death.

'' INSURANCE 101:  EVERYTHING YOU NEED
TO KNOW ABOUT INSURANCE; NOW IS
YOUR CHANCE TO KNOW HOW TO SAVE
MONEY ON YOUR INSURANCE!  :

''
''The Art Of Selling: How to
become a master
salesperson. Steps to
success.
SALES MANAGEMENT AND
TRAINING. How to be the
best salesperson ever.
FREE ONLINE FINANCIAL EDUCATION.
FREE ONLINE VIDEOS SEMINARS
ABOUT: Business, Finance,
Investing, Accounting, Stock Market.
Tax Liens And Tax Deeds
''GET MORE:'' EARNED  INCOME , ''OBTAIN MORE' PASSIVE INCOME,

// ''CREATE'' PORTFOLIO INCOME, 'HOLD MORE''RESIDUAL INCOME.'
Basic bills you should
always negotiate..

Is your monthly bills make you break
out in a cold sweat?
Guess What? You’re not alone,
because most people don’t like
trying to talk their way into a lower
price..

Consumer Reports survey found that
less than half of consumers had tried
negotiating a better deal on
everyday goods and services

If you can get over your fear of
negotiating, you’ll see the payoff in
your pocketbook ....

money-saving experts and founder
of KNOWLEDGE FINANCIAL GROUP.  
Negotiates with service providers to
get a better rate.  Do not have
problem with calling and asking for a
discount. iF YOU DON'T ASK, THE
ANSWER IS CERTAINLY NO..
Bills you should
always negotiate..

Find out how to
negotiate bills down
to a more affordable
cost:

A. Wireless Phone
Service Bill
The staff of visionaire
business center -
visionairebiz.
blogspot.com never pays  
complete full price or overcharged
phone bills.

Research what other wireless
providers are offering, then uses
that information to negotiate a
lower price with the provider she
wants. “A lot of times, they have
flexibility to offer you a better
package because they know you
can go to their rivals.

Make sure you research at least
three competitors’ prices and have
their websites open when you make
your call so you can quickly
reference their rates
.
DSL Internet Service
Bill

Curious to find out how to negotiate
internet service? Many consumers
get their internet service through
their cable company as part of a
bundled package that typically offers
a discounted rate for a year or two.
Some others like businesses
actually get their  internet service
through our telephone service
provider..

We at knowledge financial
groug; we know how to negociate,
how to taking care of business to
lower our bills.

Be careful with “bait-and-switch”
rate  they expired quick and fast, call
the  provider and threatened to drop
both internet and landline service.
To avoid losing a customer that was
paying for two of its services
believe it or they should give you a
discount of some sort.
''Utility-Consumer info''

Consumers who are behind on
their utility bills might be able
to negotiate payment plans.
However, you typically won’t have much
luck negotiating a lower rate for water, gas
or electricity

But that doesn’t mean the only way to
lower your utility bills is to resort to cost-
saving moves such as setting the
thermostat lower in the winter or using a
low-flow shower head.

Some utility companies — typically water
companies — offer discounted rates at
certain times of the day, said Anthony
from Buyheremarket
Enterprise - buyheremarket.
blogspot.com. Check with your local
utilities to see if they have off-peak rates.
Then, take advantage of them by running
the dishwasher, washer and dryer as well
as watering your lawn during those times.
''Cable or Satellite TV Bill'

You likely got a special promotional rate
when you signed up for cable or satellite
TV service. But after that promotional
period is up after six months or a year or
so, the cable company is banking on you
not noticing that your rate has jumped..

That doesn’t mean you’re locked into
paying a bigger bill, however.

Call the cable company, and let it know that
you’re considering switching providers or
dropping your service if it won’t lower your
rate. Also, cite a competitor’s offer.

With more and more people cutting the
cord and opting for online and pay-as-you-
go services, cable companies “want to
keep your business, and they’ll do
whatever it takes,”

said SHINA from
knowledgefinancial.blogspot.
com. you can certainly  get the cable
provider to lower rate back to within $10 to
$20 of the introductory rate and throw in a
freebie, such as a premium channel.
Medical  And Lab Test Bills

A pricey medical procedure can be a big
blow to your budget, especially if your
insurance policy has a high deductible or
your insurer denies your claim.

But you shouldn’t assume that you’re on the
hook for the full amount you’re being asked
to pay. “If you know what the going rate for
a procedure is, you can always negotiate,”

to look up the reasonable amount you
should expect to pay for a medical
procedure, test or service in your area.

Visit: facebook.
com/nursingalliance =  This
information can help you determine
whether you’re being charged more than
the estimated cost, giving you a starting
point for negotiations.

Always tak the time to understand what your
insurance plan will and will not pay for.
Dispute charges and avoid overpaying for
medical care. “You have to know your rights.
Nursesofamerica.blogspot.
com

Consumer Information Center - Online Resources

 File a Consumer Complaint
https://www.usa.gov/consumer-complaints

Health Publications: Federal Consumer Information Center

Index of State and Local Consumer Agencies
https://www.usa.gov/state-consumer

KIDS.gov
https://kids.usa.gov/
----------------

Health Care Topics A to Z

Check out our disease prevention topics and tools to help you and your
family stay healthy. = https://healthfinder.gov/HealthTopics/
''Money Smart for Older Adults - Consumer Financial Protection
Bureau..

Money Smart for Older Adults is designed to provide you with
information and tips to help prevent common frauds, scams and other
types of elder financial  =
-----------------
FDIC and CFPB Collaborate to Develop a Tool for Older Adults to
Prevent Financial Exploitation.. =  LEARN MORE...
--------------
Money Smart for Older Adults: Prevent Financial Exploitation--

Provides information on common frauds, scams and other forms of
elder financial exploitation and suggests steps that older persons and
their caregivers can take to avoid being targeted or victimized.

''Source: Consumer Financial Protection Bureau, Federal Deposit
Insurance Corporation-
For Investors: Education Is Key to Protection.. ''FINRA''

Learn how to invest, build your financial knowledge and protect your
investments from fraud. LEARN MORE...

The Financial Industry Regulatory Authority is the largest independent
regulator for all securities firms doing business in the United States.
Federal Trade Commission

The Federal Trade Commission is an independent agency of the
United States government, established in 1914 by the Federal Trade
Commission Act. Its principal mission is the promotion of consumer
protection and the elimination and prevention of
--------------
Take Action -- File a Consumer Complaint

Report Identity Theft -- Get Your Free Credit Report

Register for Do Not Call -- Get Scam Alerts == LEARN MORE HERE...
''401(k) Resource Guide - Plan Participants - Summary Plan
Description''

The Employee Retirement Income Security Act (ERISA) requires plan
administrators to give to participants and beneficiaries a Summary
Plan Description (SPD) describing their rights, benefits, and
responsibilities under the plan in understandable language. The SPD
includes such information as:

•Name and type of plan

•Plan’s requirements regarding eligibility

•Description of benefits and when participants have a right to those
benefits

•Statement that the plan is maintained pursuant to a collective
bargaining agreement, if applicable

•Statement about whether the plan is covered by termination
insurance from the Pension Benefit Guaranty Corporation

•Source of contributions to the plan and the methods used to
calculate the amount of contributions

•Provisions governing termination of the plan

•Procedures regarding claims for benefits and remedies for disputing
denied claims

•Statement of rights available to plan participants under ERISA.
The truth about ‘banks’ and ‘money’ shall
set you free.”
The banks commit fraud every single day, and most people haven’t
got a clue!

Our government has signed us all up to be slaves, and yet most
people still believe that they are free.
Do you feel like you’re working longer hours than ever before, but
you just can’t get ahead?

Do you wonder if you’ll ever be able to
“pay off” your house?
Are you struggling under a mountain of debt, and want to know how
to eliminate it instantly?

If you answered ‘yes’ to any of these questions, you
need to read our eye-opening much more,

“Bank Secrets Revealed – How the banks secretly control you, and
how you can fight back....
BLACKLISTED / BANKLESS PEOPLE IN
AMERICA, CANADA & ELSE..
Million Customers Are Blacklisted by Banks..

Million customers have been rejected for services because of black
marks against their names in these databases, the Times says. One
thing that most blacklisted consumers have in common: They’re low-
income.

These are not credit-scoring systems used to assess you for a credit
card or mortgage. These are different databases, used internally by
banks.
At least initially they were developed to fight fraud. But the databases
have evolved, also, into a risk-management tool that banks reportedly
use to reject customers who might cost the bank more than their
business is worth.

About 80 percent of the nation’s banks use information from the
[ChexSystems] database to screen bank account applicants. Most
negative information on a person’s report stays in ChexSystems’
database for five years, according to ChexSystems.

When your name gets a black mark on one of these databases — for
reasons ranging from too many overdrafts or bounced checks to
identity theft (one man told CNN that he was rejected after ID thieves
drained his accounts, causing bank fees to pile up) – suddenly life
gets very difficult. Banks may shut you out from their services for up
to seven years.
------------
Money Under The Mattress? Millions Do It, Yes that still existe today..
Bank accounts: A staple of modern life
Being shut out from the mainstream banking system is no small
inconvenience. Bank accounts are a necessity of modern life.
----------------
Electronic payments — credit cards, debit cards and electronic bill
payments — are rapidly replacing cash (and checks), and bank
alternatives — check-cashing companies, pawnbrokers and payday
lenders — can be time-consuming and costly.
----------------
Department of Consumer Affairs:
“Hundreds of thousands of Americans are being shut out for relatively
small mistakes,”
---------------
Try to clear your name
If you’ve been rejected by banks, the bitter truth is that you may not
have many options. But there are some things you can do.
----------------
The Fair Credit Reporting Act requires a bank to
disclose why it rejected your business. That doesn’t mean the
explanations will be clear or easy to understand, however. Make sure
that, at the minimum, any information you get from the bank tells you the
name of the company that has flagged a problem.
-----------
Get that company to give you a copy of your report.
Read it carefully, looking for errors. If not corrected, negative
information can remain for five years on the report. So you’ll want to
dispute anything that’s incorrect.

ChexSystems’ consumer assistance page, for example, explains how to
file a dispute with that company. Consumers are entitled to one free
annual ChexSystems report.

In reality, consumer advocates and federal regulators say it can be
difficult to get errors removed from your report – or even to get a copy
of your report in some cases. “Some databases … provide scant details
of the reason for the negative mark, according to a review of more
[than] two dozen letters
Banking; do you trust your bank?
---
Do you think your bank is working for
you?
----
Do you believe that your banks are
honest with you?
----
Are you certain that your banks are
doing something to help you build
wealth?

LEARN MORE ABOUT THE
UNSCRUPULOUS BANKING SECTOR.

Banking:
Swiss banking giant UBS agreed to
pay $545 million to settle a probe by U.S. authorities
into its role in manipulating interest and currency rates. In a
statement, the bank said it agreed to plead guilty to one count
of wire fraud.
-----------------
Not too long ago five major banks agreed to
plead guilty to criminal charges and pay more
than $5.5 billion in collective penalties to settle charges
their traders routinely manipulated the world's
foreign-exchange market for their own profit.

The Department of Justice, the Federal Reserve and other
U.S. and European authorities and regulators said corporate
units of Citicorp(C), JPMorgan Chase (JPM), London-based
Barclays(BCS) and Royal Bank of Scotland(RBS) acknowledged
their traders rigged foreign exchange prices of U.S. dollars
and euros from Dec. 2007 to Jan. 2013.
Criminal fines levied as part of the resolutions represent the
largest federal anti-trust penalties ever obtained by U.S.
authorities
"Starting as early as Dec 2007,
currency traders at several
multinational banks formed a group
dubbed 'The Cartel.
"It is perhaps fitting that those traders chose that name, as it
aptly describes the brazenly illegal behavior they were
engaging in on a near-daily basis."

Prices the market sets for currencies "influence virtually every
sector of every economy in the world." The traders actions
"inflated the banks' profits while harming countless consumers,
investors and institutions around the globe — from pension
funds to major corporations, and including the banks' own
customers," she said.

Euro-U.S dollar traders at Citicorp, JPMorgan, Barclays and RBS
— self-described members of the cartel — used an exclusive
electronic chat room and coded language to manipulate
benchmark exchange rates  of the two currencies in ways that
benefited their own trading positions, prosecutors said.

"By agreeing not to buy or sell at certain times the traders
protected each other's trading positions by withholding supply
of or demand for currency and suppressing competition in the
FX market," the Department of Justice said.
.

UBS agrees to pay $545M in manipulation probes
That leniency came with a high price. Making good on threats to
deal harshly with banks accused as repeat offenders, federal
investigators said the bank violated terms of the 2012 non-
prosecution agreement that had settled UBS' involvement in
rigging the London Interbank Offered Rate (Libor).

The financial benchmark is used to set rates on trillions of
dollars in mortgages, loans and credit cards.

As a result, UBS agreed to plead guilty to one count of wire
fraud, pay a $203 million fine and accept a three-year term of
probation for Libor rate manipulation by its traders.

UBS also agreed to pay $342 million to the Federal Reserve and
make remedial changes to its foreign-exchange business
practices.

No individual bank employees were hit with criminal charges as
part of the settlements, though several authorities said
investigations into foreign-exchange issues are continuing.

The criminal settlements mark the latest result from a global
crackdown on systematic manipulation of financial benchmarks
by bank traders.

In all, the five banks have now paid nearly $9 billion in total
criminal and civil fines and penalties for rigging the foreign-
exchange spot market, Department of Justice officials said.

Bank officials took responsibility for the illegal activity,
terminating dozens of traders as investigators around the world
probed foreign exchange practices.

"The behavior that resulted in the settlements we announced
today is an embarrassment to our firm, and stands in stark
contrast to Citi's values," said Citigroup CEO Michael Corbat.

Citi also announced that it has agreed to a separate $394 million
settlement of a private class-action lawsuit related to the
foreign-exchange activity. The settlement is subject to court
approval.

JPMorgan CEO Jamie Dimon called the investigation
findings "a great disappointment to us," and said "we demand
and expect better of our people."

"The lesson here is that the conduct of a small group of
employees, or of even a single employee, can reflect badly on
all of us, and have significant ramifications for the entire firm,"
said Dimon.

In Zurich, UBS Chairman Axel Weber and CEO Sergio Ermotti
said the Swiss bank has taken "appropriate disciplinary actions"
against a small number of employees involved in
"unacceptable" behavior.
From crisis, $150 billion in bank fines and
penalties..
BANK PENALTIES:
http://www.cnbc.com/2015/04/30/7-years-on-from-crisis-150-billion-
in-bank-fines-and-penalties.html
-----
BANK OF AMERICA
The latest settlement involved Bank of America,
which agreed this week to pay $180 million to
settle a lawsuit that claimed the Charlotte, North
Carolina-based bank and others manipulate foreign-exchange
rates, according to The Wall Street Journal. JPMorgan Chase has
already settled with the same investor group, while others,
including Citigroup, are expected to settle soon, the The Journal
notes.

The 2013 lawsuit claimed bank traders shared
customer information to profit at their clients'
expense, according to the report.
The settlement follows a seven-year effort by federal and state
regulators that included dozens of actions related to a broad
range of misconduct and fraud, including bilking mortgage
investors, laundering money and evading taxes.

So far, banks and other institutions have paid more than $150
billion in fines, settlements and other penalties, according to a
tally by the Financial Times.

BANK PENALTIES: http://www.cnbc.com/2015/04/30/7-
years-on-from-crisis-150-billion-in-bank-fines-and-penalties.html

The biggest payments have gone to the Justice Department,
which has collected some $50 billion, according to the FT tally.

Among the banks paying the biggest amounts, Bank of America
tops the list—with nearly $58 billion, followed by JPMorgan Chase
($31.3 billion), Citigroup ($12.8 billion) and Wells Fargo ($9.7
billion).

---------------
U.S. hits Credit Suisse, Deutsche Bank with
toxic debt penalties

Credit Suisse (CSGN.S) and Deutsche Bank
(DBKGn.DE) have been hit with a combined
penalty of more than $12 billion over the sale of
U.S. toxic debt, further hampering two of Europe's leading
investment banks as they struggle with weak earnings.

The penalties stem from an initiative launched by U.S. President
Barack Obama to pursue banks for selling sub-prime debt
without warning of the risks, a practice that led to the worst
economic crisis since the Great Depression.

Credit Suisse agreed to pay more than $5.2 billion in a deal with U.
S. authorities and the penalty is likely to push it to a second
consecutive annual loss.

The payment, to settle claims it misled investors when selling
mortgage-backed securities in the run-up to the 2008 financial
crisis, is split into two parts.

It will first pay $2.48 billion and later provide $2.8 billion over five
years to offset the impact on consumers, the bank said.
WHERE IS BANKING HONESTY.
BANKING TRUST?

U.S. bank penalties now exceed the
GDP of most countries..
Wells Fargo Fined $185 Million for
Fraudulently Opening Accounts


For years, Wells Fargo employees secretly
issued credit cards without a customer’s
consent. They created fake email accounts
to sign up customers for online banking services. They set
up sham accounts that customers learned about only after
they started accumulating fees.

On Thursday, these illegal banking practices cost Wells
Fargo $185 million in fines, including a $100 million penalty
from the Consumer Financial Protection Bureau, the largest
such penalty the agency has issued.

Federal banking regulators said the
practices, which date back to 2011, reflected
serious flaws in the internal culture and oversight at Wells
Fargo, one of the nation’s largest banks. The bank has fired
at least 5,300 employees who were involved.

In all, Wells Fargo employees opened roughly 1.5 million
bank accounts and applied for 565,000 credit cards that may
not have been authorized by customers, the regulators said
in a news conference. The bank has 40 million retail
customers.
Continue reading the main story  

Some customers noticed the deception
when they were charged unexpected fees,
received credit or debit cards in the mail
that they did not request, or started hearing from
debt collectors about accounts they did not recognize. But
most of the sham accounts went unnoticed, as employees
would routinely close them shortly after opening them.

Wells has agreed to refund about $2.6 million in fees that
may have been inappropriately charged.

Wells Fargo is famous for its culture of
cross-selling products to customers —
routinely asking, say, a checking account holder if she
would like to take out a credit card.

Regulators said the bank’s employees had been motivated
to open the unauthorized accounts by compensation
policies that rewarded them for opening new accounts;
many current and former Wells employees told regulators
they had felt extreme pressure to open as many accounts
as possible.
------------------
Consumer Financial Protection Bureau
Fines Wells Fargo $100 Million for
Widespread Illegal Practice of Secretly
Opening Unauthorized Accounts

Bank Incentives to Boost Sales Figures Spurred Employees
to Secretly Open Deposit and Credit Card Accounts.

https://www.consumerfinance.gov/about-
us/newsroom/consumer-financial-protection-bureau-fines-
wells-fargo-100-million-widespread-illegal-practice-secretly-
opening-unauthorized-accounts/

Opening deposit accounts and transferring
funds without authorization: According to
the bank’s own analysis, employees opened
roughly 1.5 million deposit accounts that may
not have been authorized by consumers. Employees then
transferred funds from consumers’ authorized accounts to
temporarily fund the new, unauthorized accounts.

This widespread practice gave the
employees credit for opening the new
accounts, allowing them to earn additional
compensation and to meet the bank’s sales
goals. Consumers, in turn, were sometimes harmed
because the bank charged them for insufficient funds or
overdraft fees because the money was not in their original
accounts.

◾Applying for credit card accounts without
authorization: According to the bank’s own
analysis, Wells Fargo employees applied for
roughly 565,000 credit card accounts that may
not have been authorized by consumers. On those
unauthorized credit cards, many consumers incurred
annual fees, as well as associated finance or interest
charges and other fees.

◾Issuing and activating debit cards without authorization:
Wells Fargo employees requested and issued
debit cards without consumers’ knowledge or consent,
going so far as to create PINs without telling consumers.

◾Creating phony email addresses to enroll consumers in
online-banking services: Wells Fargo employees created
phony email addresses not belonging to consumers to
enroll them in online-banking services without their
knowledge or consent. https://www.consumerfinance.gov/
Bank Penalties,
Fraudulent Bank
Accounts - Bankless
People, Blacklisted -
Bank Fraud - Bank Fees
And Fines
THE BANKERS ARE NOT INNOCENT..

Citigroup Agrees to $97.4 Million
Settlement in Money Laundering
Inquiry   22, 2017 .

For years, Citigroup employees feared that millions of dollars
the bank was moving to Mexico might be suspicious. Yet in
many cases, the bank did not alert regulators or step up its
monitoring for money laundering, federal prosecutors said
Monday.

Even as the Citigroup unit Banamex USA was growing to
dominate remittances from the United States to Mexico, the
bank did not properly safeguard its systems from being
infiltrated by drug money and other illicit funds, prosecutors
said.

On Monday, Citigroup agreed to pay $97.4 million in a settlement
after a long federal investigation into Banamex USA. In
exchange, the Justice Department will not file criminal charges
against the bank in connection with inadequate oversight of
Banamex USA, which is based in California.
The deal represents the first such agreement between a major
bank and the Justice Department under Attorney General Jeff
Sessions.

It also resolves some of Citigroup’s most serious regulatory
issues related to its profitable, but risky, business in Mexico.

From 2007 to 2012, Banamex USA generated
about 18,000 internal alerts of suspicious
transactions among the 30 million Mexico
remittances it processed, prosecutors said.

Yet the bank conducted fewer than 10 investigations and filed
only six suspicious activity reports with regulators.

Among the red flags that Banamex USA did not heed was $1.3
billion in remittances that each totaled more than $1,500 — five
times the amount that families typically send.

Most families receive remittances from one or two predictable
sources. But one account holder in Mexico received 1,400
remittances from 950 senders in 40 states. Despite several
automatic alerts about these transactions, Banamex USA did not
file a suspicious activity report with regulators.

One of the biggest problems was staffing. The bank had only two
people assigned to review the thousands of suspicious
transactions manually. Even as the bank grew and employees
raised questions about the problematic transactions
2018, Wells Fargo says again it faces $1
billion penalty for mortgage, auto
business misdeeds.

that it faces a potential $1 billion in fines to resolve
government investigations into the megabank's behavior in
the auto and mortgage markets.

The bank has acknowledged that it charged thousands of
customers for auto insurance they didn't need, driving some
to default on their loans and lose their cars through
repossession.

The bank has also said it will refund customers who were
charged improper fees to lock in an interest rate for a Wells
Fargo mortgage.
Both matters have been under
investigation for months by two federal
regulators, the Consumer Financial
Protection Bureau and the Office of the
Comptroller of the Currency.

Those regulators are offering to resolve the matter for a
combined $1 billion, the bank said. Such a large civil penalty
would just be the latest hit to Wells Fargo's effort to rebuild its
image after more than a year of scandal.

"I'm confident that our outstanding team will continue to
transform Wells Fargo into a better, stronger company," Tim
Sloan, the bank's chief executive, said in a statement,
"However, we recognize that it will take time to put all of our
challenges behind us."

San Francisco-based Wells Fargo has been struggling to
rebuild its reputation since acknowledging in 2016 that it had
opened millions of sham accounts customers didn't want.

Its longtime chief executive resigned, and Wells paid millions of
dollars in fines and overhauled its board of directors. Last
month, the Federal Reserve levied an unprecedented penalty
against the bank, blocking its ability to expand.

Despite grappling with a potentially massive fine, Wells Fargo
on Friday reported a surge in its business during the first
quarter.

Profits jumped to $5.9 billion during the first three months of
this year, compared with $5.6 billion in the same period last
year. Revenue fell slightly to $21.9 billion, compared with $22.3
billion last year.

Wells and several other big banks reported that the new, lower
corporate tax rate and rising interest rates were helping boost
their bottom lines.
JPMorgan Chase, for example, reported
that its revenue hit record highs during
the first quarter. The bank's revenue rose
about 10 percent to $28 billion.

Profit reached $8.7 billion, up 35 percent from $6.5 billion during
the same period last year. This came as JPMorgan's effective
income tax rate fell to 18.3 percent in the first quarter, compared
with 22.7 percent last year.

The year "is off to a good start with our businesses performing
well across the board," Jamie Dimon, the bank's chief
executive, said in a statement. "The global economy continues
to do well, and we remain optimistic about the positive impact
of tax reform in the U.S."

The recent volatility in the stock market, which has fallen, then
risen hundreds of points on some days, has also helped boost
banks' profits.
Citigroup reported that quarterly profit
jumped 13 percent to $4.6 billion, the
highest it's been in three years, while
revenue was up 2.8 percent to $18.9
billion.

This came as the bank's revenue from its stock trading
business rose 38 percent to $1.1 billion.

"While market conditions have been uneven so far this year,
our first-quarter results show our ability to deliver for both
clients and shareholders and we look forward to sustaining this
momentum for the balance of the year," Citigroup chief
executive Michael Corbat said in a statement.

Despite the strong results, JPMorgan and Citi's stock price fell
about 3 percent in early trading Friday. Wells Fargo was down
about 3.5 percent.
From Wells Fargo & Co. for overcharging
tens of thousands of customers for
improper mortgage fees and unneeded
insurance policies, the troubled bank
said Friday.

San Francisco-based Wells Fargo reported its preliminary first
quarter financial results of $5.9 billion in net income, but said
the figure “may have to be revised to reflect additional
accruals” for the penalty.

It acknowledged it is in talks with the Consumer Financial
Protection Bureau and the U.S. Treasury Department's Office
of the Comptroller of the Currency over the latest sanction, but
“cannot reasonably estimate” the loss yet.

Wells Fargo added, “The CFPB and OCC have collectively
offered to resolve [the matters] for an aggregate of $1 billion in
civil money penalties.” That figure is believed to be a record
penalty from the regulators.
” The potentially huge penalty would be the latest in a series of sanctions
against the bank as legal and other costs associated with its regulatory
problems and related lawsuits continue to hit its bottom line. In the first quarter
noninterest expenses were $14.2 billion, down from $16.8 billion in the prior quarter but up 3 percent from a year ago.

Operating losses of $668 million in the first quarter were “elevated due to litigation accruals for a variety of matters,
including mortgage-related regulatory investigations, sales practices and other consumer-related matters,” the bank said.

The bank’s problems date back to the fall of 2016 when it announced it was paying $185 million in penalties after creating
over 3.5 million fake bank accounts using customers’ information without their knowledge.

In 2017 alone, Wells Fargo paid $142 million to settle a class action suit over the sham accounts, spent $108 million to
settle a whistleblower suit over alleged illegal fees on veterans’ loans, agreed to refund fees to 110,000 customers who
were wrongly charged for mortgage rate-lock extensions and said it would return $80 million to 570,000 car loan
customers who were charged for insurance they did not need.

That year, the company also agreed to pay investors $3.4 million for selling them products highly likely to lose money
after telling them otherwise and took a $1 billion charge for litigation costs in one quarter.

The problems since 2016 also led to a management shakeup that included a new CEO, general counsel and chief
compliance officer, among others.