Breitbart Business Digest: Treasury Secretary vs. The Regulatory Woketopus
This is the Breitbart Business Digest weekly wrap, in which we coincidentally run through the economic and financial news of the previous seven days.
banking industry
Breitbart News Daily Podcast Ep. 890: Sen. Bill Hagerty on His Bill Supporting Community Banks and Credit Unions
Sen. Bill Hagerty (R-TN) discusses his bipartisan legislation to shore up main street’s community banks and credit unions.
Federal Regulators Warn Wells Fargo to Stop Customers’ Financial Crimes
Federal regulators have issued Wells Fargo formal orders demanding they get better at catching customers who misuse their services for criminal acts, as the bank faces a lawsuit alleging they allowed a $460 million Ponzi scheme to operate.
Farage Fallout: NatWest Group to Replace Chairman in Wake of Political Debanking Scandal
The NatWest banking group has announced that Sir Howard Davies will be replaced in the wake of the Nigel Farage debanking scandal.
Watchdog to Force Banks to Disclose Number of Politically-Inspired Account Closures Following Farage Debanking
A watchdog has demanded that UK banks reveal the number of accounts closed over politics in the wake of the Nigel Farage debanking scandal.
Breitbart Business Digest: Fading Bank Crisis Sets Stage for Fed Hike
The Bank Panic Is Not Getting Worse The banking panic appears to have receded, at least for the time being. The Federal Reserve on Thursday released its weekly balance sheet report, affectionately known as “factors affecting reserve balances” or “H.4.1”
Janet Yellen: Regulators May Have to Tighten Banking Rules in Wake of Crisis
Treasury Secretary Janet Yellen will say on Thursday that regulators may have to tighten banking rules in the wake of the banking crisis.
Breitbart Business Digest: Bank Failure Is Not a Failure of the Banking System
In a system of competitive banking, there will always be banks that misjudge the risks they face, and sometimes this will mean they fail.
First Citizens Steps up to Buy Failed Silicon Valley Bank
North Carolina-based First Citizens Bank and Trust has purchased Silicon Valley Bank (SVB), the tech industry favorite that collapsed earlier this month amidst an historic bank run.
There is no Banking Crisis in Europe, French Finance Boss Insists
Europe’s banking sector is not in crisis despite the collapse of two major players on the continent, a sector official in France has said.
No Cause for Alarm: Janet Yellen to Reassure Congress U.S. Banking System ‘Remains Sound’
The U.S. banking system “remains sound” and Americans can feel “confident” about their deposits with no need to panic over recent events, Treasury Secretary Janet Yellen is set to tell the Senate Finance Committee on Thursday.
Next Bank to Fail? Shares in Credit Suisse Fall to All-Time Low After Bank Admits ‘Material Weakness’
Warnings have emerged of a wider banking collapse, with a leading financial expert warning that Credit Suisse may be the next to fall.
HSBC Snaps up Collapsed Silicon Valley Bank UK as World Races to Stem Fallout
Steps to prevent a global banking crisis after the historic failure of Silicon Valley Bank (SVB) continued Monday, with governments in the UK, France, and Israel joining the U.S. to reassure institutions exposed to the fallout.
Watch: Activists Make D.C. Man Late for Colonoscopy Due to Climate Strike
Climate change activists in Washington, DC, took to the streets Friday morning in an effort to “shut down business-as-usual for the financial institutions” and blocked traffic, frustrating some D.C. commuters and putting one man on the verge of being late for his scheduled colonoscopy.
Watch: Climate Strike Frustrates D.C. Driver: I’m Burning ‘More Gas by Sitting Here’
Climate change protesters frustrated a D.C. driver during morning rush hour during a planned climate strike on Friday, prompting him to remind them that they were causing him to “burn more gas by sitting here.”
Watch Live: Leftists March to Shut Down D.C. Banks
Left-wing activists plan to use Friday in Washington, DC, to march and “shut down business-as-usual” for the banks and financial institutions they say profit from “the climate crisis and immigrant detention.”
‘Credit Card Joe’: Biden Sided with Top Donor to Make Bankruptcy Harder
Joe Biden sided with his top donor, the one time credit card giant MBNA Corp., over progressives like Sen. Elizabeth Warren (D-MA) on bankruptcy reform during the late 1990s and early 2000s.
Rahm Emanuel Wants to Withhold City Contracts to Punish Banks that Won’t Restrict Gun Businesses
Chicago Mayor Rahm Emanuel (D) wants to use city contracts to punish banks that will not restrict and/or regulate clients involved in the firearms industry.
