Iranian news sources close to the country’s Revolutionary Guard Corps, or IRGC, which has been handling prisoner swaps with the United States, reported on Tuesday that Iran expects “billions of dollars to release” those U.S. citizens still being detained.” “We should wait and see, the U.S. will offer … several billions of dollars to release” Siamak Namazi and his father Baquer, who was abducted by Iran after the United States paid Iran a $1.7 billion ransom.
The California DOJ has launched a criminal probe into Wells Fargo on allegations of identity theft over its creation of millions of unauthorized accounts, according to a search warrant sent to the bank’s San Francisco headquarters this month. As Reuters adds, the AG warrant seeks to seize documents at Wells, and cites probable cause that felonies were committed at the bank.
The Norwegian military has released pictures taken by surveillance aircraft of a fleet of Russian warships sailing in international waters off the coast of Norway and reported to be heading to Syria. Among the ships observed was the aircraft carrier Admiral Kuznetsov and the Pyotr Velikiy battle cruiser, on their way to join the Russian military effort in Syria.
In a surprising reminder how the European central bank feels about bitcoin and other virtual money, the ECB urged EU lawmakers to tighten proposed new rules on digital currencies such as bitcoin, fearing they might one day weaken its own control over money supply in the euro zone.In other words, first the ECB went after cash; now it is going after all virtual currencies like bitcoin.
To give readers a sense of what the fight for Mosul looks like on the ground, here is dramatic first-person footage from a Peshmerga soldier, courtesy of Rudaw English, showing the intensity of the fight for the biggest ISIS stronghold in Iraq.
If yesterday's session was marked by concerns about Fed tightening and rising long-end rates, today concerns about a hawkish Fed have subsided, with European, Asian stocks and S&P futures all rising amid speculation Federal Reserve policy will remain accommodative after yesterday's dovish comments by Fed vice-Chair Stan Fischer, as well as weak economic data helped push the US Dollar off its 7 month highs.
The scandal-plagued Deutsche Bank agreed on Friday afternoon to pay $38 million to settle US litigation over allegations it illegally conspired with other banks to manipulated and fix silver prices at the expense of investors. A lawyer for the investors said the deal provides "substantial monetary compensation plus cooperation in the continued prosecution of this case against the non-settling defendants."