A hub for independent voices and hard truths
by Michael The balance sheets of America’s banks are packed with bad loans and bad investments, and that is really bad news for all of us because the banks are the beating heart of our economic system. Without the loans that …
Goldman Sachs Group Inc. has made a surprising change to its “Possibilities Summit” for Black college students: It’s opened the program to White students. At Bank of America Corp., certain internal programs that used to focus on women and minorities …
BANKING COLLAPSE IMMINENT THE RESET HAS BEGUN Effective March 26, 2020, the The Federal Reserve Board reduced reserve requirement ratios on all net transaction accounts to zero percent, eliminating reserve requirements for all depository institutions In Spring 2023 the Banking …
Banks are beginning to foreclosure on homeowners who can’t pay their mortgage. With ATTOM Data Solutions reporting a meaningful uptick in foreclosure activity to start 2024. Particularly in this neighborhood in New York where defaulted homeowners are being kicked out …
March is bringing more than just the promise of spring; it’s also delivering a dose of economic tension as regional banks find themselves in a pressure cooker. High-interest rates coupled with challenges in the commercial real estate market have set …
Are banks deliberately engineering financial crises? Is the Federal Reserve part of a scheme to erode your wealth? Dive into these questions with G. Edward Griffin, the author of “The Creature from Jekyll Island,” in a must-watch interview with Daniela …
BY DAVID HAGGITH Photo by Charlotte Harrison on Unsplash Today’s news is so flooded with stories that show the trends I’ve teen warning about that I can’t even begin to cover them all in the time I have to read through the news, …
Three out of China’s Big Four state banks have halted payments from sanctioned Russian financial institutions, Russia’s Izvestia news outlet reported on Wednesday. The Industrial and Commercial Bank of China, China Construction Bank, and Bank of China have stopped the …
Across the globe, the story is much the same, with each central bank facing its unique set of challenges. The United States is wrestling with stubborn inflation and a labor market that’s surprisingly robust, leading traders to second-guess the Federal …
The US banking industry is undergoing a major transformation, as more banks are getting downgraded by credit rating agencies and facing growing financial risks and challenges. The downgrades reflect the deteriorating conditions and outlook of the banking sector, which has …
by gainspainscapital Yesterday, I outlined how the Fed and the Treasury are actively working to juice the financial system to aid the Biden administration’s re-election bid. By quick way of review: 1) The Fed will soon begin cutting interest rates …
By Pam Martens and Russ Martens: February 13, 2024 ~ According to the Financial Crisis Inquiry Commission (FCIC), derivatives played a major role in the financial crash of 2007 to 2010 in the United States, the worst financial crisis in …
Is the regional bank crisis ending or just starting? Recent developments, such as the sharp decline in New York Community Bancorp’s stock from commercial real estate losses, signal potential trouble. With $500 billion in debt maturing this year and falling …
via Douglas French The wordsmiths at the Federal Reserve wisely omitted the line about a “sound and resilient” banking system in its statement on January 31. That same day shares of New York Community Bank plunged when the bank announced …
In a chilling turn of events, Germany’s Deutsche Pfandbriefbank AG has sounded the alarm, declaring the current state of affairs as the “greatest real estate crisis since the financial crisis.” The contagion that started in the troubled US commercial property …
Regional banks have been setting aside more money to deal with future losses on commercial real estate. Some analysts now fear it hasn’t been enough. The stock of commercial real estate lender New York Community Bancorp (NYCB) slid by 22% …
The Central Bank of Iraq (CBI) banned eight local banks from making US dollar transactions on 4 February, in an attempt to avoid sanctions and US financial restrictions. A CBI document lists the banned banks as Ahsur International Bank for …
Ripped off REAL GOOD! America’s savings rate shame: Three biggest US banks last year raked in $200B from higher interest rates on loans but pay only 0.01% to savers – is YOUR bank ripping you off? https://www.dailymail.co.uk/yourmoney/savings/article-13020787/Americas-savings-rate-shame-Three-biggest-banks-raked-200BILLION-higher-rates-loans-year-refuse-raise-0-01-percent-yields-savers.html America’s three biggest banks raked …
In a significant trend, central banks worldwide acquired 1,037 tonnes of gold in 2023, marking the second-highest amount in data going back to 1950. Notably, China’s central bank, the People’s Bank of China, led the way with net purchases totaling …
London CNN — Nearly a year on from a banking crisis that led to the collapse of three US regional lenders and the emergency takeover of Credit Suisse in Europe, a fresh chill is running through banks as far apart …
by jab136 I was just compiling my Limit halt data, as I do every day (download an excel from https://www.nyse.com/trade-halt, then copy the data to my spreadsheets). I noticed that there were two separate banks that had volatility halts today, went …
The recent directive from the Biden administration instructing banks not to reject loan applications from illegal immigrants has sparked frustration and disbelief. Many citizens, struggling to meet their basic needs, express concern about shouldering the financial burden. Legal residents find …
In the midst of holiday festivities that captivated the attention of many, a seismic shift silently unfolded within the intricate web of the global banking sector. The evolving narrative tells a tale of banks tightening their fists, shutting down branches, …
1 in 10 Torontonians used a food bank from April 2022 to March 2023 https://www.cbc.ca/player/play/2282857539847#:~:text=1:26-,1%20in%2010%20Torontonians%20used%20a%20food%20bank%20from,to%20March%202023,%20report%20says&text=About%20one%20Torontonian%20in%2010,North%20York%20Harvest%20food%20banks. Crazy expensive houses/rent nothing left for food; better hungry than frozen. AC
Jan 3 (Reuters) – Some of China’s top banks have sharpened scrutiny of smaller peers’ asset quality and have tightened standards for interbank lending, three sources said, in an effort to curb credit risk as a deepening property debt crisis …
by OtaraMilclub If banks were required to mark their assets to market, as they did prior to 2009, the entire banking industry, including the too big to fail wall street banks would be insolvent, along with the Federal Reserve. Does …
via naturalnews: Ongoing efforts by the powers that be to stop the current financial Titanic from sinking are failing as banks in the totality of 2023 cut more than 60,000 jobs. The collapse earlier this year of First Republic Bank, Silicon Valley Bank and Signature Bank …
https://www.youtube.com/watch?v=jwjN7G5Jlfk The financial landscape is undergoing significant turbulence, and the latest developments spell trouble for banks across the United States. The precarious state of the banking industry is becoming increasingly apparent. It is evident that a perfect storm is brewing, …
