Category: Finance & Economy
Russian Court Freezes Funds Of US Banks JP Morgan And Mellon
The Moscow Region Arbitration Court on Wednesday froze funds of the U.S. Bank of New York Mellon (BK.N), opens new tab held by the Russian branch of[more...]
Major US Banks Closed 55 Branches In Just Two Weeks
US banks have closed more than 50 branches in just two weeks, as the march towards online banking continues to decimate local services. Wells Fargo,[more...]
Bitcoin Price Crash; Warning Issued As The Fed Suddenly Braces For A U.S. Dollar ‘Crisis’
Bitcoin and crypto prices have surged this year as the U.S. dollar index falls to year-to-date lows The bitcoin price is trading around $60,000 per[more...]
Warren Buffett’s Berkshire Hathaway Dumps Nearly $1B In Bank Of America Shares
Billionaire investor Warren Buffett’s Berkshire Hathaway sold nearly $1 billion worth of Bank of America shares as his firm continues to cut its stake in[more...]
China, US to Set Up Contact Group for Cases of Financial Stress
China’s central bank said a meeting in Shanghai produced an agreement with the US Treasury to appoint contact people to deal with any future “financial[more...]
Trump Floats Paying Off $35T National Debt Using Bitcoin
The United States government is adding $1 trillion to the national debt approximately every 100 days, sparking fears of runaway inflation. Former President Donald Trump[more...]
China’s Bank Loan Gauge Contracts for First Time in 19 Years
China’s bank loans to the real economy contracted for the first time in 19 years, a grim milestone that underscores why weak domestic demand has[more...]
Iranian Banks Hit By Major Cyber Attack, One Of Largest In History
This incident comes at a time of heightened international scrutiny of Iran's actions in the region, with Iran announcing it will attack Israel unless a[more...]
$7.162 Trillion In Uninsured Deposits In US Banks As Customers Risk Zero Federal Government
Americans are holding a whopping $7.162 trillion in uninsured cash in their bank accounts, according to an under-the-radar report from the Federal Deposit Insurance Corporation[more...]
Japan’s Nikkei Slumps More Than 10 Percent In Worst Losses Since 1987
Japanese stocks have recorded their biggest losses since October 1987, extending last week’s sell-off spurred by concerns the United States’ economy may be weaker than[more...]
