Another government sex scandal is being swept under the rug. It could be because taxpayer dollars, in the form of a government credit card, was used by a Treasury Department employee to hire prostitutes.
It appears Moody’s may be prepared to move forward with its downgrading efforts of many global banks, including some in the U.S. The question is – which U.S. banks are in the crosshairs?
Citigroup is now on the wrong end of a lawsuit filed by Woori Bank. In it, the goal is to recover losses from the Seoul-based lender’s $95 million investment in debt obligations.