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Last week, according to a Department of Justice (DOJ) Press Release, Deutsche Bank Aktiengesellschaft, “agreed to pay more than $130 million to resolve the government’s investigation into violations of the Foreign Corrupt Practices Act (FCPA) and a separate investigation into a commodities fraud scheme. “The resolution includes criminal penalties of $85,186,206, criminal disgorgement of $681,480, victim compensation payments of $1,223,738 and $43,329,622 to be paid to the US Securities & Exchange Commission in a coordinated resolution.” Settlement documents include a Deferred Prosecution Agreement (DPA) and Information from the DOJ and a Cease and Desist Order (Order) entered to with the SEC. This settlement comes on the heels of another Foreign Corrupt Practices Act (FCPA) settlement in August 2019, where the Bank paid $16.2 million to settle a ‘Princeling’ charge that it corruptly hired sons and daughters of
Promoting Climate-Resilient Agricultural and Rural Credit Getty/Joe Raedle
Essential farm workers continue work as the Florida agriculture industry struggles amid the coronavirus pandemic, April 2020.
Julia Cusick
Introduction and summary
The agricultural sector is heading toward a climate reckoning. Policy experts are beginning to uncover the true scale of climate risk to the financial sector, and agricultural lenders are not immune. Extreme weather events such as the August 2020 derecho whose 700-mile trail of destruction cut through Nebraska, Iowa, and Illinois, with winds reaching 100 mph have increasingly battered America’s farmland, costing the U.S. agriculture sector billions of dollars each year.
Cannabis Global s Q1 Financial Overview as it Continues to Grow Long-Term Asset Base with Focus on Nationwide Cannabis Markets newjerseytelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newjerseytelegraph.com Daily Mail and Mail on Sunday newspapers.
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LOS ANGELES, CA / ACCESSWIRE / January 14, 2021 / Cannabis Global, Inc. (OTC PINK:CBGL), an innovation-oriented company investing in disruptive cannabis and hemp-related technologies, today announces its financial results for the quarterly period ending November 30, 2020, which was recently reported on Form 10-Q with the Securities & Exchange Commission. Long-term assets increased to over $2.5 million during the quarterly period due to the Company taking stakes in cannabis operations with national and international business opportunities. Total assets, as of the end of the reporting period, increased by 38% compared to the previous fiscal year end period ending August 31, 2020.
Essential to the asset value increases were the investments in Natural Plant Extracts, which operates a licensed cannabis manufacturing and distribution business in the Los Angeles area, in which the Company now owns an approximate 18.8% common share position and in Marijuana Company of America (OTC:MCOA
RELEASE: New CAP Report Examines the Implications of Climate Change to the Agricultural Lending Sector
Date: January 14, 2021
Contact: Julia Cusick
Washington, D.C. A new report from the Center for American Progress examines the mounting threat of climate change for the agricultural finance sector.
From emerging pests and diseases to changing weather patterns, the climate crisis poses extreme risks to farmers and ranchers. If left unchecked, climate change will likely devastate the agricultural economy, with dire implications for the agricultural and rural credit market. The report explores the agricultural lending sector’s exposure to climate change-related risk. It finds that a climate-related agricultural downturn would ripple throughout the financial system but would most acutely harm firms that specialize in agricultural lending, especially smaller community banks potentially leaving some rural communities without access to credit. Moreover, if the magnitude of the cl