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Banking Across the Border – South: Dollars can be a dirty word at banks on US-Mexico border
The clamor to crack down on laundering drug money was loud in 2010 when Wachovia National Bank was found to have let $110 million from Mexico be sent through its accounts. It grew two years later when HSBC Holdings PLC agreed to pay $1.9 billion to settle violations that included letting hundreds of millions of dollars from drug cartels flow through one of the worldai??i??s largest banks.
Arizona part of mortgage aid pact with Wells Fargo
Hundreds of Arizonans with a type of adjustable-rate mortgages will be eligible for principal reductions and other relief under an agreement with Wells Fargo & Co., Arizona Attorney General Terry Goddard announced Wednesday.
