Imagine an individual with hundreds of millions of dollars in cash who wants to put his money in a bank, a big bank — in fact, the biggest banks in America — and they won’t let him. Then, imagine this billionaire has a long-term banking relationship with financial giants, but one of them told him, “I’m sorry, sir, we can’t have you. You have 20 days to get out.”…
All the Devils from 2008 Are Back at the Megabanks: Leverage, Off-Balance-Sheet Debt, Over $192 Trillion in Derivatives, Shaky Capital Levels…
As indicated on the above graph, as of December 31, 2023, Goldman Sachs Bank USA, JPMorgan Chase Bank N.A., Citigroup’s Citibank and Bank of America held a staggering total of $168.26 trillion in derivatives out of a total of $192.46 trillion at all federally-insured U.S. banks, savings associations and trust companies. That’s just four banks holding 87 percent of all derivatives at all 4,587 federally-insured financial institutions in the U.S. that existed as of December 31, 2023…
Chase Bank Customers Are Reporting a Wave of Wire Fraud in their Accounts; the Bank Won’t Make Good on the Looted Funds…
Why would a bank, any bank, treat their own customer’s funds so carelessly and recklessly? Why would this elderly widow have sent over a million bucks overseas to individuals she did not know? All of this could have been avoided had the bank done their job and the elderly widow listened…
Wall Street’s Megabanks Have Trillions of Dollars Off-Balance Sheet, in a Replay of Accounting Hubris that Led to the 2008 Wall Street Collapse…
Looks like the Too Big to Fail casino megabanks are at it again…”“Some of the risks that make JPMorgan Chase dangerous cannot actually be seen by looking at its balance sheet because the positions that give rise to them are not included there.”…
The Banking Crisis for the Biggest U.S. Banks Began in April 2022; By December 14 They Had Shed $457 Billion of Deposits…
Pretty much everything the average American has read about the banking crisis is wrong. And there is at least a prima facie case that could be made that Big Media is responsible for that misinformation…
Deutsche Bank to Pay $75 Million to Settle Jeffrey Epstein Accusers’ Suit…
A civil complaint alleged the financial institution facilitated the disgraced financier’s sex-trafficking ring…
How Deutsche Bank Was Connected to Jeffrey Epstein And What Its Payout to Survivors Could Mean…
Deutsche Bank has paid at least $225 million to settle cases over keeping more than 40 accounts for the late, disgraced financier Jeffrey Epstein, who allegedly used the accounts to fund a sex trafficking ring—a legal snarl that could also cost JPMorgan Chase…
Top Banking CEO Warns of Further Volatility and Predicts More U.S. Rescues…
A top banking executive highlighted a possible divergence in fortunes for the finance sector in both Europe and the U.S., suggesting that more rescues of American regional lenders are likely.
Former JPMorgan’s Jes Staley Accused of ‘Aggressively’ Raping Jeffrey Epstein Victim ‘with his permission’…
Former Barclays boss Jes Staley has been accused of sexually abusing a woman at Jeffrey Epstein’s Virgin Islands retreat, according to a new court ruling…
Fed Chair Powell Telegraphs the Perfect Storm for Wall Street’s Megabanks: Rapid Rate Hikes Hitting $234 Trillion in Derivatives…
The Federal Reserve (the Fed) is the central bank of the United States. It sets monetary policy, including control of the benchmark short-term interest rate known as the Federal Funds rate, or in Wall Street jargon, the “Fed Funds” rate. This is a key rate because it signals the rate at which overnight loans are made between financial institutions and the direction of interest rates in general…