HALISTER1: Ex-Otkritie Banker Pleads Not Guilty to Fraud, Money Laundering

Ex-Otkritie Banker Pleads Not Guilty to Fraud, Money Laundering

(Bloomberg) -- Former Otkritie Financial Corp. banker George Urumov pleaded not guilty to five charges of fraud and money laundering at a London court hearing Friday.
  • Urumov among three people who entered pleas at hearing
  • Yulia Balk, his wife, pleaded not guilty to two charges of money laundering, while another man Alessandro Gherzi pleaded not guilty to five counts of fraud and money laundering
  • Vladimir Gersamia, a former trader at Threadneedle Asset Management, pleaded not guilty to all charges at an earlier hearing
  • Four month trial scheduled to begin Sept. 5
  • NOTE: Ex-Otkritie Banker Charged With Wife, Trader in U.K. Fraud Case NSN NJKJW26JTSEB
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
OFCB RM (Bank Otkritie Financial Corp PJSC)
AMP US (Ameriprise Financial Inc)

People
George Urumov (Otkritie Capital International Ltd)
Vladimir Gersamia (Threadneedle Asset Mgmt)

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UUID: 7947283

HALISTER1: Business Insider: Here's the resignation letter a Barclays whistleblower wrote to his boss about anti-money laundering failings

Business Insider: Here's the resignation letter a Barclays whistleblower wrote to his boss about anti-money laundering failings

Alert: HALISTER1
Source: BLG (Blogs Web Content)

Tickers
BARC LN (Barclays PLC)

People
Tony Blanco (Barclays PLC)

Topics
Audits

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UUID: 7947283

HALISTER1: Fed’s April Minutes Reflect More Division Than Suggested: BofAML

Fed’s April Minutes Reflect More Division Than Suggested: BofAML

(Bloomberg) -- FOMC appears divided on number of issues, which “undermines the idea that there is a strong unified front toward a June hike,” BofAML’s Michael Hanson wrote in note Thur.
  • “There is a lot less agreement in the details of the minutes than the headlines or a count of the number of speakers who said June is ‘live’ would indicate”
    • Several saw risks as nearly balanced, while many others continued to see downside risks; many thought growth would improve, some saw risk of persistent downturn
  • Divisions are “somewhat more marked” when comparing FOMC members, or voters, with all participants
    • Language was more “cautious” among voters, who agreed to leave policy options open
  • Minutes historically tend to sound more hawkish because they “give voice” to those outside FOMC’s consensus
    • “In the end, the voters are who matter”
  • NOTE: FOMC voters include Janet Yellen, William Dudley, Lael Brainard, Stanley Fischer, Jerome Powell, Daniel Tarullo, and 4 regional Fed presidents with 2016 voting rights: James Bullard, Esther George, Loretta Mester, Eric Rosengren
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Daniel Tarullo (Federal Reserve System)
Esther George (Federal Reserve Bank of Kansas City/MO)
Janet Yellen (Federal Reserve System)
Michael Hanson (Bank of America Corp)
William Dudley (Federal Reserve Bank of New York)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: Existing Homes Sales Due in 5 Minutes

U.S. ECO PREVIEW: Existing Homes Sales Due in 5 Minutes

(Bloomberg) -- Existing home sales seen rising 1.3% m/m April to 5.4m annual rate (forecast range 5.09m to 5.5m); based on closings of single-family homes, town homes, condominiums, co-ops.
  • In March, sales rose 5.1% to 5.33m rate; all four regions reported gains, led by 11.1 percent increase in Northeast; prices rose as inventories remained tight
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Peru’s Fujimori, Husband Probed for Alleged Laundering: Peru21

Peru’s Fujimori, Husband Probed for Alleged Laundering: Peru21

(Bloomberg) -- Peruvian presidential candidate Keiko Fujimori, husband, Mark Vito, probed by public prosecutor for alleged money laundering, Peru21 reports.
  • Fujimori investigated for money raised at cocktail parties last year; husband probed over land purchases
  • NOTE: Peru runoff vote June 5
  • NOTE: May 19, Fujimori to Lose Financial Support of Aide as Peru Probe Widens
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Keiko Fujimori Higuchi (Fndn Peruana Cardioinfantil)

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UUID: 7947283

HALISTER: Buffett Lieutenant Jain Picks Raiguel as New CEO of Gen Re Unit

Buffett Lieutenant Jain Picks Raiguel as New CEO of Gen Re Unit

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BRK/A US (Berkshire Hathaway Inc)

People
Ajit Jain (Berkshire Hathaway Inc)
Kara Raiguel (Berkshire Hathaway Inc)
Warren Buffett (Berkshire Hathaway Inc)

Topics
Who's News - People
Management Changes

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UUID: 7947283