Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Report: Regulators poised to fine bank (Riggs)

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
 
salin Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-04 06:11 PM
Original message
Report: Regulators poised to fine bank (Riggs)
Report: Regulators poised to fine bank

By Leticia Williams, CBS.MarketWatch.com
Last Update: 1:10 PM ET April 18, 2004

WASHINGTON (CBS.MW) -- Federal regulators are expected to fine Riggs Bank as early as this week for not disclosing millions of dollars in transactions between the bank and the embassy of Saudi Arabia, according to a published report.

The FBI and three congressional panels are investigating Riggs' 20-year role as chief banker for the Saudi Arabian embassy in Washington, the Washington Post reported Sunday in its online edition.

Several bank executives, including Chairman Robert Allbritton were notified that they could be individually sanctioned, the Post said, citing unnamed sources.

more: http://cbs.marketwatch.com/news/story.asp?guid=%7B705F0...
Printer Friendly | Permalink |  | Top
legin Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-04 06:41 PM
Response to Original message
1. I think they come up before here too
The attempted coup in Equatorial Guinea. I think Obiang has a national account for his country with Riggs on which he unusually is the sole signator, not with Economy minister as is more normal.

If I remember the article that was posted here, Riggs Bank are the go to guys if you are up to something a little dubious.

If I had a filofax I'd put them in it for later. ;-)
Printer Friendly | Permalink |  | Top
 
salin Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-04 06:50 PM
Response to Reply #1
2. Which DC based bank was tied up in BCCI? First American?
Now why would my mind go immediately in that direction? :shrug:

If I recall correctly, Riggs used to have a huge, old bank (headquarters?) very close to the Dept of Treasury. Always gave the impression of long standing ties to the powers that be in our government.
Printer Friendly | Permalink |  | Top
 
legin Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-04 07:11 PM
Response to Reply #1
3. Bit more on Riggs and Obiang and others
Printer Friendly | Permalink |  | Top
 
salin Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-04 09:53 PM
Response to Reply #3
5. good article... so did Washington call Obiang, or oil executives
to get his quick cooperation for giving temporary sanctuary to the forced out Aristide?
Printer Friendly | Permalink |  | Top
 
legin Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-04 07:29 PM
Response to Original message
4. Wonderful thread from Foreign Affairs Forum by DulceDecorum
Printer Friendly | Permalink |  | Top
 
loudsue Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-04 10:40 PM
Response to Original message
6. Chairman Allbritton is very old family friend & financier of Bushes
He's been part of the family for generations....

Just another part of the mafia running our country.

:kick:
Printer Friendly | Permalink |  | Top
 
goforit Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-18-04 10:42 PM
Response to Original message
7. Just a little slap on the wrist!...How about 20 years in the slammer!!
All expenses paid!!!
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Wed Jul 23rd 2014, 01:12 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC