Here's Why You Can Bank on Cisco Systems' Dividend

Networking hardware giant Cisco Systems (NASDAQ: CSCO) gives back plenty to its shareholders. One way it shares the considerable amount of cash it generates is through a $0.33-per-share quarterly dividend. That's $1.32 per share that goes straight into Cisco stockholders' brokerage accounts. Or, if you use dividend reinvestment programs, or DRIPs, it means more Cisco shares deposited into your account. […]

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How Wells Fargo Became One Of the The Biggest Banks In America

How does Wells Fargo & Company (WFC) actually make money? Well, they’re a bank, meaning they lend money at a higher rate than they borrow it. There isn’t supposed to be much more to it than that. Banking is the ultimate intangible industry, moving assets from lower-valued to higher-valued uses in the most impalpable of ways, but that still leaves plenty that distinguishes Wells Fargo […]

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Search of Deutsche Bank offices continues in German probe

Police cars stand in the backyard of Deutsche Bank headquarters during a raid in Frankfurt, Germany, Thursday, Nov. 29, 2018. (AP Photo/Michael Probst) German authorities are continuing to search offices of Deutsche Bank as part of an investigation into suspicion that some employees helped set up offshore companies that were used to launder hundreds of millions of euros. Continue Reading […]

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Deutsche Bank and Quest Diagnostics fall; Qualcomm climbs

Stocks that moved substantially or traded heavily Thursday: Deutsche Bank AG, down 47 cents to $9.42 Continue Reading Below German authorities searched the bank's offices as part of a money laundering investigation. Quest Diagnostics Inc., down $8.99 to $87.94 The medical lab operator cut its forecasts and said it expects testing volumes to decrease. Qualcomm Inc., up $1.46 to $58.11 […]

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Deutsche Bank offices raided in money laundering probe

FRANKFURT (Reuters) – Police raided six Deutsche Bank offices in and around Frankfurt on Thursday over money laundering allegations linked to the “Panama Papers”, the public prosecutor’s office in Germany’s financial capital said. Investigators are looking into the activities of two unnamed Deutsche Bank employees alleged to have helped clients set up offshore firms to launder money, the prosecutor’s office […]

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Danske money laundering whistleblower labels UK structures a 'disgrace'

BRUSSELS (Reuters) – British company structures which hide the identity of those behind them were branded a disgrace by the whistleblower who brought to light an alleged 200 billion euro ($228 billion) money laundering scandal involving Danske Bank. “The role of the United Kingdom is an absolute disgrace. Limited liability partnerships and Scottish liability partnerships have been abused for absolutely […]

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The Difference Between Drawdown and Disbursement

In finance, both drawdown and disbursement have multiple meanings. They are similar in that they both refer to a transfer of funds from a larger account to a specified recipient. Drawdown most commonly refers to the process of receiving funds from a retirement account or a bank loan, money deposited into an individual account. Disbursements are cash outflows; dividend payments, […]

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