Wachovia caught in money-laundering probe (UPI)
U.S. investigators are looking into the role of Wachovia Corp. in an alleged money laundering scheme involving Mexican and Colombian drug money, officials said.
Report: Prosecutors Look at Wachovia in Money-Laundering Probe (TheStreet.com)
The bank is coming under scrutiny as part of a broader investigation into alleged laundering of drug-money by Latin American money-transfer companies.
Wachovia faces money-laundering probe: report (Market Watch)
Federal prosecutors are reportedly investigating Wachovia as part of a broad probe of alleged laundering of drug proceeds by Mexican and Colombian money-transfer companies.
U.S. Money Managers See Stocks Up 10% by Mid-’09, Barron’s Says (Bloomberg.com)
April 26 (Bloomberg) — U.S. stock markets, hammered by the subprime mortgage crisis and a slowing domestic economy, may recover this year and post gains of about 10 percent by mid-2009, a group of money managers and strategists told Barron’s.
Emirates Post, India Post launch e-money order service to Kerala (Khaleej Times)
TRIVANDRUM Emirates Post and India Post yesterday launched an electronic international money order facility between the United Arab Emirates and Kerala, fulfilling a long-standing demand of expatriates for an affordable electronic money transfer service.
MAKING MONEY BEHIND BARS (Bangkok Post - Thailand’s English news)
Female prison inmates, who have been allowed to work as masseuses, are using the money they have made to send their children to school, and many say they will continue in this line of work after being released.
Feds look at Wachovia in drug money probe (CNN Money)
Wachovia Corp. is being investigated by Federal prosecutors as part of a probe into alleged drug money laundering by Mexican and Colombian money-transfer companies, according to a Wall Street Journal report Saturday morning.
Most of Money Still Missing in Scandal (Washington Post)
Nearly six months after the first arrests in the D.C. tax scandal, only a fraction of the money stolen from the D.C. Office of Tax and Revenue has been recovered, according to recent court documents.
Wachovia probed over drug-money laundering: report (AFP via Yahoo! News)
US justice authorities are investigating Wachovia Corp, one of the top five US banks, as part of a probe into Latin American drug money laundering, the Wall Street Journal reported Saturday.