The nation’s commercial banks and savings institutions reported a 13% rise in net income in the third quarter, hitting a record as institutions’ profits soared and expenses moderated.
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Time For Truth: (Wall Street Journal) – U.S. Banks Report Record Profit in Third Quarter
The Pentagon has buried an internal study that exposed $125 billion in administrative waste in its business operations amid fears Congress would use the findings as an excuse to slash the defense budget, according to interviews and confidential memos obtained by The Washington Post.
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Time For Truth: (The Washington Post) – Pentagon buries evidence of $125 billion in bureaucratic waste
There have been chaotic scenes outside banks in India, two days after 500 ($7) and 1,000 rupee notes were withdrawn as part of anti-corruption measures.
Some banks ran out of cash. At others police were called in to manage queues of anxious customers hoping to change their savings for legal tender.
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Time For Truth: (BBC News) – India rupees: Chaos at banks after 'black money' ban
In an email to Hillary Clinton campaign Chair John Podesta from February 2016, released Friday by WikiLeaks, now-acting chair of the Democratic National Committee Donna Brazile gave a frank and honest assessment of the Obama economy — and it wasn’t good.
Dutch bank ING is set to launch a free mobile app called Yolt in the UK on Tuesday (18 October). The app will allow users to view their multiple bank accounts and credit card information on a single platform.
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Time For Truth: (International Business Times) – ING to launch mobile app Yolt in the UK on 18 October