During the Sunday, December 10 news program on CNN, “State of the Union with Jake Tapper and Dana Bash,” a deceptive, scare-mongering TV commercial popped up, warning that federal banking regulators’ proposed plan to require the mega banks on Wall Street to hold more capital against their riskiest trading activities “will increase the cost of mortgages and car payments” and “hurt small businesses, making it harder for them to access credit, meet payroll and run their operations.”…
Here Come “Programmable Dollars”: New York Fed and 12 Banking Giants Launch Digital Dollar Test…
Never let a crisis go to waste. Or a market crash for that matter…
U.S. Mega Banks Were Sitting on $6.56 Billion of Chinese Education Stocks That China Just Eviscerated…
According to their latest 13F form filings with the Securities and Exchange Commission, as of March 31, 2021 the U.S. mega banks on Wall Street held a staggering $6.56 billion in three Chinese education stocks that just had their business model put through a shredder by the Chinese Communist Party…
Banks Moved $2 Trillion, Defying Money Laundering Orders: ICIJ…
A new investigation by the International Consortium of Investigative Journalists says JPMorgan Chase & Co., Deutsche Bank AG and several global banks “kept profiting from powerful and dangerous players” in the past two decades even after the U.S. imposed penalties on these financial institutions…
Global Banks Defy U.S. Crackdowns by Serving Oligarchs, Criminals and Terrorists…
The FinCEN Files show trillions in tainted dollars flow freely through major banks, swamping a broken enforcement system…
3-Count Felon, JPMorgan Chase, Caught Laundering More Dirty Money…
The ICIJ bombshell includes the charge that JPMorgan also “processed more than $50 million in payments over a decade, the records show, for Paul Manafort, the former campaign manager for President Donald Trump…
The Fed Announces New Bank Stress Tests: Will Look at What Would Happen if a Major Counterparty Defaulted…
Back in the days when we actually had an Office of Financial Research (OFR) (before its funding and staff were gutted) we learned that the Fed was actually conducting its stress tests all wrong…
After GE Ruling, Here Are the Too-Big-to-Fail Banks and Financial Firms Still a Threat to ‘derailing the U.S. Economy……
Here’s the list of banks and insurers the federal government gives extra scrutiny to for fear of their failure derailing the U.S. economy…