Home » Posts tagged 'banks' (Page 3)
Tag Archives: banks
Bank Run? Canada’s Top Banks Mysteriously Go Offline
Bank Run? Canada’s Top Banks Mysteriously Go Offline Days after Canadian Prime Minister Justin Trudeau said he would invoke emergency orders to crack down on demonstrators by freezing their bank accounts, five major Canadian banks went offline on Wednesday night, as customers reported their funds were unavailable, according to technology website Bleeping Computer. Royal Bank of Canada (RBC), […]
Martial Law in Canada: It’s never been riskier to NOT own Bitcoin
Martial Law in Canada: It’s never been riskier to NOT own Bitcoin Welcome to the era of civil asset forfeiture for your bank accounts. Where governments are woke, broke, and the new f-bomb is Freedom. Christia Freeland’s edict tonight that the government can now seize bank accounts with no due process and no recourse could […]
Ellen Brown: The Real Antidote to Inflation
Ellen Brown: The Real Antidote to Inflation The Fed has options for countering the record inflation the U.S. is facing that are far more productive and less risky than raising interest rates. [Images Money / CC BY 2.0] The Federal Reserve is caught between a rock and a hard place. Inflation grew by 6.8% in November, […]
The Fed’s Inflation Is behind the Supply Chain Mess
The Fed’s Inflation Is behind the Supply Chain Mess It seems supporters of the Biden administration finally settled on a narrative they like for explaining away supply chain shortages. Here’s the administration’s talking point: the US economy is rolling along so well that Americans are demanding huge amounts of goods. That’s overwhelming the supply chain and […]
Weekly Commentary: Controllable
Weekly Commentary: Controllable Now that was wild. Let’s start with the Chinese developers. Indicative of the more troubled companies, Kaisa Group bond yields surged to almost 51% in Wednesday trading, up from 36% to begin the week (20% to start the month). Yields closed the week at 44.7%. After beginning the week at 23.3% (October […]
Banks Disclose Tidbits of Hidden Stock Market Leverage of “Securities-Based Lending,” as Known Stock Market Leverage Surges
Banks Disclose Tidbits of Hidden Stock Market Leverage of “Securities-Based Lending,” as Known Stock Market Leverage Surges No one knows total stock market leverage, but it’s huge and ballooning, as we see from the tidbits we’re allowed to see. No one knows how much total leverage there is in the stock market. Only fragments are […]
Banks Around World Are Suffering Big Outages, Leaving Millions of Customers in Lurch At Worst Possible Time
Banks Around World Are Suffering Big Outages, Leaving Millions of Customers in Lurch At Worst Possible Time Twenty banks (some suffering repeated outages), six countries (one in lockdown), five continents, tens of millions of unhappy customers. There’s never a good time for your bank’s IT system to go down. But few can be worse than […]
Why the Global Economy Is Unraveling
Why the Global Economy Is Unraveling Global supply chain logjams and global credit/financial crises aren’t bugs, they’re intrinsic features of Neoliberalism’s fully financialized global economy. To understand why the global economy is unraveling, we have to look past the headlines to the primary dynamic of globalization: Neoliberalism, the ideological orthodoxy which holds that introducing market […]
Yellen Urges Development Banks To Stop Fossil Fuel Funding
Yellen Urges Development Banks To Stop Fossil Fuel Funding U.S. Treasury Secretary Janet Yellen is prepared to gather together the heads of development banks to persuade them to stop fossil fuel project funding, according to Bloomberg. The Treasury Secretary intends to “articulate our expectations that the MDBs align their portfolios with the Paris Agreement and net-zero […]
When Expedient “Saves” Become Permanent, Ruin Is Assured
When Expedient “Saves” Become Permanent, Ruin Is Assured The Fed’s “choice” is as illusory as the “wealth” the Fed has created with its perfection of moral hazard. The belief that the Federal Reserve possesses god-like powers and wisdom would be comical if it wasn’t so deeply tragic, for the Fed doesn’t even have a plan, […]
The long history of money
The long history of money We are approaching a critical turning point in the history of financial systems. Since the Great Financial Crisis, central banks have exerted control over the financial markets through their QE-programs and plan to extend their influence over the monetary system through the introduction of national digital currencies. Opposing forces include, as […]
People against Politicians Who Always Want War
People against Politicians Who Always Want War QUESTION: Are you saying that the people left alone do not hate each other, it is the politicians? FK ANSWER: Yes. They do not teach hatred in school in Israel or the Arab world directly. They will teach biased history but that is in all countries. There are families who […]
Canadian Banks Have an Outsized Impact on Global Fossil Fuel Financing
Canadian Banks Have an Outsized Impact on Global Fossil Fuel Financing We pledged to reduce emissions by 30 per cent by 2030, but will financial institutions undermine this goal? The Banking on a Better Future movement launched April 1. Photo by Joshua Best. When 18-year-old climate activist Naisha Khan wants to start a conversation about how […]
Struggling to Make a Profit, Fracking Investors are Searching for the Exit
Struggling to Make a Profit, Fracking Investors are Searching for the Exit Banks and investors have given up on the U.S. fracking industry, which is bad news for current investors who waited too long to get out. Derricks Credit: Pay No Mind (CC BY-SA 2.0) and Going out of business sign Credit: Michael Steeber (CC BY-SA 2.0) Photos adapted by: Justin Mikulka […]
$17.5 Million In Revenue And $5.4 Billion In Losses: Archegos Was A 300x-Levered Time Bomb For Credit Suisse
$17.5 Million In Revenue And $5.4 Billion In Losses: Archegos Was A 300x-Levered Time Bomb For Credit Suisse A bank’s prime brokerage unit is supposed to be a safe, reliable and predictable generator of revenue, resulting from modest-margin transactions with a bank’s hedge fund client base. It’s safe because the bank’s risk managers scour the bank’s exposure to various […]
