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 Riggs Bank

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updated Sat. March 16, 2019

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In 1992, President Fernando Collor de Mello of Brazil resigned before being impeached for corruption; millions of dollars were discovered at the Washington-based Riggs Bank in the name of the Chilean dictator Augusto Pinochet; and Mexican presidents, dating back to the late '40s, are suspected of ...
"When I saw Riggs Bank sell, I sensed there would be an opening in the community for a private bank and a business bank that was creative, client-focused and entrepreneurial and had significant resources," Goldsmith said in an interview at the bank's new 9,000-square-foot regional office at 2001 M St.

Brown had established and managed a group specializing in lending to government contractors at Riggs Bank and, after Riggs was acquired by PNC Financial Services Group Inc., was a group manager for a decade at PNC (NYSE:PNC). He most recently was managing director and greater Washington ...
The United States Senate's Permanent Subcommittee on Investigations found in 2004 that the Washington-based Riggs Bank, now closed, which had helped the Chilean dictator Augusto Pinochet transfer huge amounts of money to offshore shell companies, provided similar services to the Obiang family.
In 2015, the nonpartisan Milken Institute spent $55.5 million to acquire 730 15th and the 5,000-square-foot Bank of America branch at 1501 Pennsylvania Ave. NW. A year earlier, the Milken Family Foundation paid $31 million for the historic Riggs Bank Corcoran branch at 1503-05 Pennsylvania Ave. NW.
Riggs Bank was a Washington institution for over a hundred years. More than 20 U.S. Presidents—from Lincoln to Nixon—banked at Riggs, whose headquarters across the street from the Treasury Department was pictured on the back of the old $10 dollar bill.

The historic Pennsylvania Avenue headquarters of Riggs National Bank will be placed on the market as soon as next week by its current owner, PNC Financial Services Group. The Corcoran Branch, at 1503-1505 Pennsylvania Ave. NW, was added to the National Register of Historic Places in 1973.
What's a 25-year-old bank statement worth? If it's from a foreign Riggs Bank account and seems to reveal an $8 million money laundering transaction, it could be worth a decent chunk of change. At least, that's what Riad Imam hopes. Imam's bank statement from February 1988 shows $8 million being ...
Brown had established and managed a group specializing in lending to government contractors at Riggs Bank and, after Riggs was acquired by PNC Financial Services Group Inc., was a group manager for a decade at PNC (NYSE:PNC). He most recently was managing director and greater Washington ...
The United States Senate's Permanent Subcommittee on Investigations found in 2004 that the Washington-based Riggs Bank, now closed, which had helped the Chilean dictator Augusto Pinochet transfer huge amounts of money to offshore shell companies, provided similar services to the Obiang family.
In 2015, the nonpartisan Milken Institute spent $55.5 million to acquire 730 15th and the 5,000-square-foot Bank of America branch at 1501 Pennsylvania Ave. NW. A year earlier, the Milken Family Foundation paid $31 million for the historic Riggs Bank Corcoran branch at 1503-05 Pennsylvania Ave. NW.
Senator Carl Levin found that “In 1994, top Riggs officials traveled to Chile and asked General Pinochet, a notorious military leader accused of involvement with death squads, corruption, arms sales and drug trafficking if he would like to open an account at Riggs Bank here in Washington, DC. Mr. Pinochet said yes.”.
The historic Pennsylvania Avenue headquarters of Riggs National Bank will be placed on the market as soon as next week by its current owner, PNC Financial Services Group. The Corcoran Branch, at 1503-1505 Pennsylvania Ave. NW, was added to the National Register of Historic Places in 1973.
What's a 25-year-old bank statement worth? If it's from a foreign Riggs Bank account and seems to reveal an $8 million money laundering transaction, it could be worth a decent chunk of change. At least, that's what Riad Imam hopes. Imam's bank statement from February 1988 shows $8 million being ...
The United States Senate's Permanent Subcommittee on Investigations found in 2004 that the Washington-based Riggs Bank, now closed, which had helped the Chilean dictator Augusto Pinochet transfer huge amounts of money to offshore shell companies, provided similar services to the Obiang family.
Army Engineer D.C. Commissioner J. Franklin Bell and Riggs Bank president Charles Glover could have had a lot of influence. Instead, the task ...
In 2004 a US senate investigation found that Washington-based Riggs Bank, which held Equatorial Guinea's government accounts, transferred ...

... his energy on financial investigations: “He investigated ties between Riggs Bank and dictators like Augusto Pinochet of Chile and accounting ...
One of them was Riggs Bank, in Washington, D.C. When the investigators began looking into Riggs's books, they discovered several accounts, ...
One of them was Riggs Bank, in Washington, D.C. When the investigators began looking into Riggs's books, they discovered several accounts, ...
But other than the long-gone Riggs Bank, does it stick? The sales practice fiasco seems to have resulted in loss of accounts. But in the other ...
In 2015, the nonpartisan Milken Institute spent $55.5 million to acquire 730 15th and the 5,000-square-foot Bank of America branch at 1501 Pennsylvania Ave. NW. A year earlier, the Milken Family Foundation paid $31 million for the historic Riggs Bank Corcoran branch at 1503-05 Pennsylvania Ave. NW.
Mike Harreld has been here since we acquired Riggs Bank in 2005. He has done an amazing job. So, I have a very firm foundation. But right now, I need to — and want to — become part of this community in a way that is very different than the roles I have had in the past. Next big goal: To grow our business ...
Finally, PNC acquired the polemic Riggs Bank from Washington, involved in several high profile scandals at that time. The acquisition in 2008 ...
Riggs Bank was a Washington institution for over a hundred years. More than 20 U.S. Presidents—from Lincoln to Nixon—banked at Riggs, whose headquarters ...
The former Riggs Bank headquarters, owned by PNC since 2005, will be ... to PNC when it acquired the scandal-plagued Riggs Bank in 2005.
What's a 25-year-old bank statement worth? If it's from a foreign Riggs Bank account and seems to reveal an $8 million money laundering transaction, it could be worth a decent chunk of change. At least, that's what Riad Imam hopes. Imam's bank statement from February 1988 shows $8 million being ...
Readers of SN should be reminded of the Obiang family of Equatorial Guinea and the Riggs bank affair (page 144, Steve Coll's book on EM). Once you have secret bank accounts, it's the beginning of a chain of un-accountability of public funds. The excuse that you need a secret war chest (funded by EM) to ...
As much as $30m (£15m) is alleged to have been paid into Bandar's dollar account at Riggs Bank in Washington and the affair led to corruption ...
As much as $30m (£15m) is alleged to have been paid into Bandar's dollar account at Riggs Bank in Washington and the affair led to corruption ...
The tall Washington Loan and Trust Co. building at the top of the photo — later owned by Riggs Bank — today houses the Courtyard Marriott, ...
From left are, Stan Riggs, bank manager, Tommy Jenkins, Sturgis Kiwanis president, and Anna Chambliss, assistant bank manager. (Photo: ...
Finally, PNC acquired the polemic Riggs Bank from Washington, involved in several high profile scandals at that time. The acquisition in 2008 ...
Riggs Bank was a Washington institution for over a hundred years. More than 20 U.S. Presidents—from Lincoln to Nixon—banked at Riggs, whose headquarters ...
... Washington, replacing Mike Harreld, who has helmed PNC locally since it entered the market with the acquisition of Riggs Bank in 2005.
A year earlier, the Milken Family Foundation paid $31 million for the historic Riggs Bank Corcoran branch at 1503-05 Pennsylvania Ave. NW.
A partnership including New York-based developer The Peebles Corp. has sold the Courtyard by Marriott hotel building by Ninth and F streets NW for $83 million, nearly a quarter-century after the developer acquired the historic Riggs Bank building from ...
In Spain judges are looking at how millions of dollars deposited by Exxon and other oil companies at the now-defunct Riggs Bank were used to acquire villas, resorts, ships and other items for the benefit of the president of Equatorial Guinea and his ...
Nel 2004 un'inchiesta del Senato ha fatto chiudere la Riggs Bank, con i suoi 700 milioni di dollari divisi in 60 conti riconducibili al clan Obiang. Vanno poco a Washington ma bisogna capirli: di palazzi in giro per il mondo le famiglie dei due ...
In a 2004 inquiry, the Senate Permanent Subcommittee on Investigations found that accounts in Riggs Bank, which closed in 2005, were the destination for Equatorial Guinea's oil revenue.
In Spain the judges are looking at how millions of dollars deposited by Exxon and other oil companies at the now-defunct Riggs Bank were used to acquire villas, resorts, ships and other items for the benefit of the president of Equatorial Guinea and ...
In the early 2000s, Obiang deposited well over half a billion dollars into accounts at Riggs Bank in Washington, D.C., ultimately prompting a US Senate investigation that faulted Equatorial Guinea for violation of money laundering regulations.
Finally, PNC acquired the polemic Riggs Bank from Washington, involved in several high profile scandals at that time. The acquisition in 2008 of Cleveland retail lender National City Bank for $5.2bn in stock doubled the size of PNC and made it the 6th ...
In April 1888, Charles C. Glover, president of Riggs Bank, and his wife transferred six acres of land at Broad Branch Road and Grant Road to the Children's Country Home.
US authorities were completely uninterested in these bribes until the point came when they realized that some of the money had flown into Bandar's accounts -- at what was then called Riggs Bank, just opposite the White House in Pennsylvania Avenue ...
He laid bare the loans from his parents and from Riggs Bank; that he borrowed-against his life insurance policy; that he had no insurance on his wife or children.
Bloomberg's Max Abelson has more in a piece up Tuesday: "Walton was at the top of Washington's finance establishment when he ran Allied Capital Corp.
Richard Bynum has been tapped to lead PNC Bank's operations in Greater Washington, replacing Mike Harreld, who has helmed PNC locally since it entered the market with the acquisition of Riggs Bank in 2005. Bynum, who currently heads PNC's business ...
Bandar was not charged in the BAE case, and denied doing anything improper, but his suspicious receipt of $17 million in an account at Riggs Bank in Washington D.C. - ostensibly for "home improvement" - triggered the start of a bribery investigation ...
"These checks were payable to Bassnan's wife and were drawn on the Riggs Bank account of Prince Bandar's wife." "Bassnan cashed a check from Bandar in the amount of $15,000.


 

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