banking system

  1. Venezuelans turn to Bitcoin to escape currency crisis

    Venezuelans turn to Bitcoin to escape currency crisis
    By now, most Americans are familiar with the economic basket case that is Venezuela. The country’s economy has collapsed, leaving the population desperate and starving. The human cost is highly visible and tragic, but what gets less attention is the way in which the government has destroyed the country’s currency, thereby making it impossible for citizens to buy basic necessities...
  2. The perfect economy right now 'is exactly when things may go wrong' warns major bank CEO

    The perfect economy right now 'is exactly when things may go wrong' warns major bank CEO
    Low rate environment puts banks under pressure, ING CEO says from CNBC. The CEO of a major European bank offered a stark warning for his industry on Thursday, suggesting that years of accommodative policy by global central banks could quickly turn sour. Low interest rates have been supportive for the world economy, according to ING Group's Chief Executive Ralph Hamers, but banks...
  3. Here's Why Malaysians Can't Afford a House

    Here's Why Malaysians Can't Afford a House
    Malaysia’s central bank has a response to those saying it needs to do more to spur home loans: houses simply aren’t affordable. Bank Negara Malaysia has created a website packed with data aimed at debunking the “myth” that access to financing was deterring home ownership, showing that loan approvals for key cities are near 70 percent or higher. The central...
  4. Are Central Banks Getting Ready to Crash the System Again?

    Are Central Banks Getting Ready to Crash the System Again?
    While investors pile into Tech Stocks based on endless promotion from the financial media, the US economy is rolling over. Last week the NY Fed downgraded its economic forecast for 2Q17 to just 1.9%. Even worse, it is now forecasting 2017 total growth to be a measly 1.5%. Yes, 1.5%. There is a clear trend to this chart… and it’s NOT...
  5. I Never Knew How Screwed Up the Global Financial System Was Until I Started My Own Bank

    I Never Knew How Screwed Up the Global Financial System Was Until I Started My Own Bank
    By late 2014 I’d finally had enough. After so many run-ins with the bitter incompetence and bureaucratic indignity of the banking system, I decided once and for all that I would start my own bank. I probably should have had my head examined, but instead I called one of my attorneys to talk through the options. Had I known then what I know...
  6. How Trump and Brexit Could Change Global Bank Rules

    How Trump and Brexit Could Change Global Bank Rules
    As two big economies chart a new course, some fear “regulatory arbitrage.” This is how a race to the bottom can start. In Washington, President Donald Trump has vowed to roll back the financial regulations passed after the 2008 crisis. In London, Prime Minister Theresa May, facing a possible exodus of bankers as Britain quits the European Union, has said...
  7. Deutsche Bank Is First Bank Busted for Breaking the Volcker Rule

    Deutsche Bank Is First Bank Busted for Breaking the Volcker Rule
    Deutsche Bank  AG was hit with the Federal Reserve’s first major fine for failing to ensure traders abide by the Volcker Rule’s ban on risky market bets -- and will pay even more for letting currency desks chat online with competitors, allegedly revealing positions. The simultaneous sanctions, totaling almost $157 million, fault lax oversight of traders that persisted into last...
  8. Investors Rage After 3 Billion Yuan Vanish from China's Largest Private Bank

    Investors Rage After 3 Billion Yuan Vanish from China's Largest Private Bank
    Theoretical warnings about risks inherent in China's shadow banking system became all too real for 150 customers of China's largest private bank, when Minsheng Banking Corp found itself involved in a 3 billion yuan (US$436 million) fraud case, after it emerged that a branch chief of the lender in Beijing allegedly issued false bank acceptance bills and later secured funds...
  9. Meet Brad Birkenfeld: "Lucifer's Banker"

    Meet Brad Birkenfeld: "Lucifer's Banker"
    Just how bad is the ongoing fraud in the banking system? Get ready for a mind-blowing expose by a former insider at UBS. Brad Birkenfield, author of Lucifer's Banker: The Untold Story of How I Destroyed Swiss Bank Secrecy, recounts the efforts he uncovered by his employer to help its clients cheat the US government out of tens of $billions in taxes...
  10. Members agree that the single currency needs more integration

    Members agree that the single currency needs more integration
    But they disagree over how MANY BRITISH TORY Eurosceptics trace their beliefs back to the 1992 Maastricht treaty which agreed to create a single currency. To them, Maastricht represented a Franco-German stitch-up. The French president, François Mitterrand, accepted German unification, and in exchange the German chancellor, Helmut Kohl, agreed to give up the D-mark for the euro. In fact money...

Items 1 to 10 of 16 total

Page