McCain: Money laundering causing banks to close Arizona branches

U.S. Sen. John McCain, R-Ariz., believes banks are closing Arizona branches near the Mexico border as a result of cash laundering concerns.

McCain told reporters in Phoenix Friday he cannot figure any type of others necessity for U.S. banks shuttering branches and offices in border cities such as Nogales, Arizona.

“This is the just logical reason,” McCain said. The senator said banks have actually not offered him or her any type of others reasons they have actually closed borderland branches.

“No one desires cash laundering,” said McCain.

Border locations are prime drug trafficking routes from Mexico in to the U.S. and Mexican cartels are multi-billion-dollar enterprises.

The Arizona senator has actually brought the concern up to banks too as at the Arizona Legislature and Congress. He is concerned branch closings hurt consumers and little businesses seeking economic programs and loans.

Officials from JPMorgan Hunt & Co. (NYSE: JPM) and Bank of America (NYSE: BAC) either declined or did not repsond to a request for comment.

Wells Fargo has actually not closed any type of border stores in Arizona in the last 3 years. We stay dedicated to offering Arizona’s border areas and the calls for of our border customers,” said Wells Fargo spokesman Danny Ischy.

Mike Sunnucks writes regarding residential and commercial actual estate, government, law, sports firm and work environment issues.

Dr. Roy Shim Implemented CEREC Technology for an Improved Dental Experience at Camelview Dental in Scottsdale AZ

Dr. Roy Shim Implemented CEREC Technology when it come to a superior Dental Receive at Camelview Dental in Scottsdale AZ

06:44 GMT

(MENAFN Press) Camelview Dental
Dr. Roy Shim
480-941-7070 Dr. Roy Shim Implemented CEREC Technology when it come to a superior Dental Receive at Camelview Dental in Scottsdale AZ If a patient’s tooth has actually come to be compromised because of intensive decay cracking or chipping a dental crown can easily assistance reclaim its good health that time toughness that time CEREC technology provides a lot of …
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Tim Tebow’s Scottsdale church sold to motivational speaking, sales training firm for $3.3M

Tim Tebow’s Scottsdale religion marketed to inspirational speaking, sales childhood service with regard to $3.3M

Mar 4, 2015

A firm who coaches inspirational speakers after that sales execs has actually ordered a religion structure in Scottsdale with regard to its corporate headquarters.
Blair Singer’s Scottsdale childhood Facility Partners LLC has actually ordered the Affect religion structure close to the Scottsdale Airpark with regard to $3.3 thousand or $143 every settle foot.
Affect Church’s pastoral group entails previous NFL soccer user …
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Scottsdale resort pays $76K in back wages and penalties for not paying overtime

Scottsdale hotel pays $76K in spine salaries after that penalties with no longer paying overtime

Mar 4, 2015

The UNITED STATE Labor Branch called for the Westin Kierland hotel & Health spa in Scottsdale to pay much more compared to $76,000 in spine pay after that penalties with underpaying team after that employing foreign staff members over UNITED STATE citizens.
The hotel paid 104 housekeepers after that 2 task candidates much more compared to $47,300 in spine wages. It likewise paid $29,081 in penalties with the willful attributes of the violations located by the …
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Servant leadership, act two: mentor, teacher, transformer

You would certainly believe that servant leadership is among the current firm trends. Taught in the very best firm schools, lots of books, and clips on YouTube. Not so. The suggestion of servant leadership is referenced in the job of Lao-Tzu, a Chinese philosopher about 500 BC. But, there is much more to the story.

It was not until 1970 that an American management consultant and educator, Robert Greenleaf, coined the term, “servant leadership.” He gave it definition, promoted it, taught it, wrote concerning it, and made an awareness of it and its benefits.

Inverted organization chart

Overall, servant leadership inverts the normal organizational hierarchy. Leaders go to the bottom and employees at the top. Leaders sustain the employees. Pleased employees make Pleased customers. Pleased customers sustain returning and delivering brand-new customers along with them. The organization succeeds, including employees, leaders, and various other stakeholders.

This is the essence of just what has actually been taught and demonstrated concerning servant leadership for decades – otherwise longer.

It actually works

One of the very best examples of servant leadership in action is the story of Southwest Airlines. 35 continuous years of continuous profitability while various other airlines floundered. Their accepted essential to triumph is the passionate sustain of employees by the leaders. Watch a video clip of Southwest CEO Colleen Barrett being interviewed in the Wharton School of firm at the University of Pennsylvania.

The improved servant leader

Being wonderful to employees is essential, Yet there is much much more that some servant leaders are carrying out for their people: mentoring, teaching, and transforming.

Tom Zender is a Phoenix-based professional firm mentor. He held leadership roles at Total Electric and Honeywell. Zender additionally is the author of two manuals concerning firm ethics. He mentors students at Arizona Claim University’s SkySong firm incubator, and is a member of Eliances, where entrepreneurs connect along with firm leaders. Reach him or her at 949-910-5075, or