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Bank of Canada cancels plans to develop a digital currency

18 days ago -

Officials from Canada's central bank said a digital currency, also called the electronic Loonie, will no longer be considered after years of planning. Earlier reports revealed that most Canadians were not in favor of a digital dollar. According to a survey conducted by the BOC to measure citizen's preference for a digital dollar, the majority of citizens want to "leave cash alone" and not proceed with a digital iteration of the national currency.

In August, the BOC ...

Bank of America outage leaves customers with ZERO BALANCE in their accounts

18 days ago -

According to the National Pulse, an "unknown number" of BofA account holders experienced the glitch on Oct. 2. Thousands of customers reported being unable to access their bank accounts, while those who were able to do so found that they either had zero or missing balances.

Many complained of outages and disruptions online, posting their predicament on the Downdetector website. Others took to social media platforms X and Reddit to express their concerns. While some ...

DOUBLE STANDARD: Oklahoma bank fails; FDIC only insures HALF of uninsured depositors – but last year FDIC insured ALL of Silicon Valley Bank’s uninsured depositors

3 days ago -

On Friday, Oct. 18, 2024, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) shut down The First National Bank of Lindsay, which had been failing to maintain its capital requirements.

According to reports, The First National Bank of Lindsay had been keeping "bogus and disingenuous" bank documents that ultimately exposed a major deficiency at the financial institution. Simply put, the value of ...

CANCEL CULTURE: Trump’s youngest son Barron rejected by bank when he attempted to open a new account, Melania reveals in new memoir

12 days ago -

Barron's mother, former First Lady Melania, said she believes her family is being targeted, raising significant concerns about potential civil rights violations.

"I was shocked and dismayed to learn that my long-time bank decided to terminate my account and deny my son the opportunity to open a new one," Melania wrote in her new memoir, "Melania," published on Tuesday, Oct. 8.

According to her, the said incident was an example of politically motivated bias....

P. Diddy sex trafficking ring allegedly involves the hotel, banking, pharmaceutical industries

19 days ago - banking executives, matching confessions from NYC COVID czar, Dr. Jay Varma

Dr. Varma and the public health officials in New York City who attended these underground romps, should be interrogated for potentially participating in sex trafficking rings at these underground parties. These government officials and Big Pharma executives may have helped coverup some of the most repulsive, felonious activities, while holding the public hostage with lockdowns.

While Dr. Varma ...

Israeli armored bulldozers destroy roads, utilities across two cities in the occupied West Bank

a month ago -

The rampant destruction began in late August in the major West Bank cities of Tulkarm and Jenin. The scope of the destruction has left residents reeling, with many expressing that they had never before witnessed such a devastating level of assault on their cities' infrastructure.

The New York Times reported that the Israeli military sent in armored bulldozers that "tore up mile after mile" of the streets and alleys of Jenin and Tulkarm, causing damage to sewage lines ...

127 Pizza Hut branches to close down as franchisee files for bankruptcy

25 days ago - bankrupt daily.

This video is from Thisisjohnwilliams channel on Brighteon.com.More related stories:

Dozens of KFC restaurants across Midwest CLOSE SUDDENLY – Is EYM Group (Pizza Hut, Burger King) struggling to survive?

Fast-casual pizza chain MOD Pizza in the red, considers BANKRUPTCY FILING.

Experts warn about restaurants and fast food chains raising food prices during peak hours.

Fast-food chains under Yum! Brands to go ...

Bank of Israel advances digital shekel plans; CBDC to be used to surveil, control monetary transactions of Israelis

June 18, 2024 -

Israel's central bank outlined its plans in an announcement, revealing the launch of the "Digital Shekel Challenge." This initiative, inspired by the Bank for International Settlements (BIS) Innovation Hub's "Project Rosalind," aims to explore advanced application programming interface (API) prototypes. The BIS project, conducted in partnership with the Bank of England, serves as a model for this Israeli endeavor.

BoI said it had built a technological ...

Bank of America is an active enemy combatant targeting conservatives for financial deplatforming

April 17, 2024 - bank's preferred religious or political views," Kobach's letter, addressed to Bank of America CEO Brian Moynihan, reads.

"Your discriminatory behavior is a serious threat to free speech and religious freedom, is potentially illegal, and is causing political and regulatory backlash."

Kobach's letter is co-signed by officials from the states of Alaska, Arkansas, Indiana, Iowa, Mississippi, Missouri, Montana, Nebraska, South Carolina, Texas and Utah.

(Related: ...

Banker claims COFFEE is bad for the climate at WEF annual meeting

January 25, 2024 -

Huber Keller, senior managing partner at the Geneva-based Bank Lombard Odier & Co., put forward this argument on Jan. 17, during a panel discussion titled "Putting a Price on Nature." Aside from Keller, other speakers at the discussion included Ronald Hovsepian of the Boston-based agrotech firm Indigo Ag and Brazil's Environment Minister Marina Silva.

The banker explained to the other speakers and the rest of the audience why people enjoying a cup of ...

Banks cut more than 60,000 jobs in 2023 – worst banking industry year since 2008

December 29, 2023 -

The collapse earlier this year of First Republic Bank, Silicon Valley Bank and Signature Bank prompted the private Federal Reserve and other central banks to facilitate the mega-merger of Credit Suisse and UBS, the goal being to keep the sinking financial Titanic afloat. Their efforts are failing, though, as the world descends into a financial collapse that is on the verge of becoming worse than the recession of 2008.

According to ...

Bank payment processing outages highlight risks of relying on electronic banking

November 17, 2023 - banking system itself because people experiencing issues were unable to resolve them by going to their local branches.

The Clearing House Payments Company reported that instructions for transactions were sent to the affected banks “with the account number and names of customers masked” because of a processing error. This data is needed to process incoming payments and post funds to accounts, so the payments could not proceed.

The Clearing House ...

Banking system showing more signs of COLLAPSE as customers report widespread deposit delays

November 10, 2023 - banks to work quickly to resolve issues for customers experiencing delays in receiving direct deposit payments as a result of operational issues at a private sector payments provider," announced a spokesperson from the Fed.

(Related: How can this all be happening when fake president Joe Biden told Americans back in March that "the banking system is safe?")America's banks promise that customer funds are "secure"

One thing the Fed is signaling ...

Bank records show Biden pocketed $200K after his brother promised to “open doors” for a failing company

October 25, 2023 - bank account of James and his wife Sara on March 1, 2018. That same day, James wrote a check for $200,000 for the personal bank account of the president, writing "loan repayment" on the check's details.

This is not the first time that the president's brother has been accused of taking out personal loans from friends and business associates. He previously received $500,000 from John Hynansky, a Ukrainian-American businessman and donor to Joe Biden's presidential ...

Bank of America de-banks conservative Christian charity that serves impoverished Ugandans

August 28, 2023 -

Indigenous Advance Ministries (IAM), a Memphis-based non-profit organization that provides necessities to Ugandan orphans, reportedly lost it bank account at Bank of America, despite maintaining a business relationship since 2015.

The group touts pro-life and anti-LGBT messaging on its website, which is believed to be the impetus behind its targeting by Bank of America. IAM has since filed a complaint with the Tennessee Attorney General's office ...

Banks increasingly discriminating against customers based on their political views

August 15, 2023 -

The high-profile case of British politician Nigel Farage is a case in point. Farage, who was friendly to Donald Trump and opposes transgender ideology, used to bank at Coutts, a bank that caters to wealthy clients.

Coutts shut down Farage's account, claiming he did not have enough money in it to keep it active. That excuse turned out to be false. Coutts discriminated against Farage because he is probably more responsible than any other politician for ...

Bank collapse contagion? Customers line up to take their money out of First Republic Bank

March 14, 2023 -

SVB's collapse has raised fears that First Republic could suffer a similar bank run that could lead to its own demise. Analysts have even pointed out the similarities between SVB and First Republic's estimated value of assets versus actual value. (Related: Silicon Valley Bank has now collapsed, and 95% of deposits were uninsured.)

This fear led to First Republic losing 33 percent of its value during the week SVB collapsed, and another 61.8 percent on ...

Banks are hiding at least $620 billion in losses, creating a ticking time bomb of financial disaster

March 15, 2023 -

According to the Federal Deposit Insurance Corporation (FDIC), the banking sector is currently sitting on unrealized losses of well over half a trillion dollars that at some point will have to be realized – but when?

The answer right now is nobody knows, but one thing is for sure: the FDIC, the Federal Reserve, and the Treasury Department are doing everything in their power to plug all the leaks on this financial Titanic to avoid a contagion event – at least for ...

Bank of Canada admits Trudeau’s climate change policies are fueling inflation

February 01, 2023 -

The central bank's researchers noted in their report, titled "The 2021-22 Surge in Inflation," that Trudeau's schemes for supporting the expanded use of renewable energy, including the carbon tax, have been raising costs for consumers for the past few years.

"The slowest but perhaps the most persistent trend is associated with the ongoing transition from fossil fuels to green energy," the bank's report stated. "The transition requires an immense reallocation ...

Bank of America experiences disruption in online transactions, customers report funds missing from accounts

January 19, 2023 -

The website DownDetector, which monitors the online statuses of websites, noted that Bank of America started experiencing problems around 1:40 a.m. on Wednesday, Jan. 18. Sixty-six percent of the reports the website received indicated there was an issue with funds transfers.

Individuals took to social media and to local media outlets to share messages received from Bank of America. Some of the affected individuals even reported negative bank ...