Banking - Page 2

Yellen attempts to stand athwart bank runs, yelling “halt!”

First Republic Bank stock price crumbled on Friday despite big banks’ injection of $30 billion in uninsured deposits into the institution, suggesting the “rescue” has not inspired confidence.

Indian technology minister Rajeev Chandrashekhar said on Thursday that Indian tech startups had over $1 billion worth of deposits in California’s Silicon Valley Bank (SVB) when the bank was shut down by regulators on March 10.

Bloomberg News reported that the rescue talks are being orchestrated by the U.S. government.

The People’s Bank of China (PBOC), the country’s central bank, said on Wednesday that it will begin trimming back the number of high-risk financial institutions in China to avoid the risk of “bombs” like Silicon Valley Bank (SVB).

Swiss banking giant’s shares fell to an all-time low on Wednesday.

The outlook for U.S. banks is now negative, the ratings agency said.

PNC Financial Services Group Inc. abruptly severed ties with the aggregate news company MxM News, an application co-founded by Donald Trump Jr., the former president’s son announced on Thursday. 

Bank accounts that use voice authentication can be broken into using AI technology, according to a Vice Media writer who hacked into his own bank account using the technique. 

Tensions are reportedly brewing within the Net-Zero Banking Alliance’s (NZBA) climate-conscious lenders after the group decided against imposing binding restrictions on fossil-fuel financing.

One of China’s top billionaire bankers has reportedly disappeared, and shares in his investment bank plunged when the news spread.

HSBC announced that it will no longer finance new oil and gas projects in order to meet the green agenda goals of the globalist elites.

Beirut – A customer armed with a rifle and threatening to set himself ablaze held bank workers hostage Thursday in Lebanon’s capital, demanding to withdraw his trapped savings to pay hospital fees, security sources and a family member said.

Banks are employing “sneaky tactics” to push towards a cashless society, a submission by a financial services union has claimed.

Customers can take their business elsewhere if they do not approve of the the implementation of gender pronoun nametags, Halifax Bank said.

A report into the potential effects of implementing a ‘cashless society’ has found that millions of people would be left struggling, with many vulnerable people being heavily reliant on physical tender.

Oil drillers say they are working to fill the recent void in the oil market but are hampered by Democrat policies.

Groups representing over half of all members of the EU Parliament called to classify Switzerland as a high-risk money laundering country.

Bank of England governor Andrew Bailey has made an astonishing request of British workers, telling them to help the state control inflation by not asking bosses for pay rises.

Credit Suisse says its chairman has resigned following an internal investigation that reportedly found he had violated quarantine rules.

President Joe Biden’s Treasury nominee Saule Omarova was arrested for “retail theft” in 1995, according to a Fox News obtained background check. 

Republican West Virginia State Treasurer Riley Moore is leading a coalition of state treasurers and financial officers opposed to Biden’s comptroller nominee.

The U.S. House of Representatives on Thursday unveiled the text of the Build Back Better Act, and it includes a provision to require banks to turn account information over to the IRS on accounts with $600 or more in annual transactions.

Democrat plans to surveil bank accounts with the IRS resemble China’s “social credit score” system, Rep. Drew Ferguson (R-GA) said.

President Joe Biden’s Treasury Department announced it has created a new post to combat alleged racial inequality issues in banking and other financial services industries.

Saule Omarova advocates fringe policies that would mean the end of community banks in America.

Saule Omarova, President Joe Biden’s pick for the top banking regulator to head the Office of the Comptroller of the Currency, reportedly scrubbed problematic items from her resume.

The Federal Reserve’s systems for electronic money transfers suffered a widespread disruption Wednesday.

HSBC has said it will “reserve the right” to cancel the accounts of customers who refuse to wear masks inside its UK branches.

Deutsche Bank AG has reportedly decided to cut ties with President Donald Trump as well as his private companies following the unrest at Capitol Hill last week.

WELLINGTON, New Zealand (AP) — New Zealand’s central bank said Sunday that one of its data systems has been breached by an unidentified hacker who potentially accessed commercially and personally sensitive information.

Several leading conservatives are renewing their call for Joe Biden to release his banking records to prove he has no link to Hunter Biden’s foreign business dealings — and they are asking congressional Republicans to demand Biden come clean.

Former Vice President Joe Biden sided with his top donor, the one-time credit card giant MBNA Corp., against consumers on bankruptcy reform during the late 1990s and early 2000s.

Faced with an acute economic emergency, Dems are reaching to establish racial quotas for banking by Federal agencies.

Several Republican senators, led by Sen. Marco Rubio (R-FL), are introducing legislation to go after big banks in the United States who strip services from federal contractors, like those denied services for working with the Immigration and Customs Enforcement (ICE) agency.

According to leaked internal screenshots, Amazon is testing a new lending marketplace for third-party merchants on its site which would allow them to receive loans from Amazon’s own lending arm as well as Goldman Sachs’s Marcus group and regional banks.