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Crisis in American banking sends jitters across Europe’s banking sector, increasing risk of BANK DEFAULTS

February 14, 2024 -

Back in late November 2023, the European Central Bank warned that the balance sheets of banks in the eurozone – the currency union of 20 European Union states who all use the euro as their official currency – are showing "early signs of stress" after a rise on loan defaults and late repayments from historic lows. (Related: Banks cut more than 60,000 jobs in 2023 – worst banking industry year since 2008.)

Late last month, Reuters reported that European banks are facing ...

The banking collapse of 2023 is now officially bigger than the banking collapse of 2008

May 03, 2023 -

(Article republished from TheEconomicCollapseBlog.com)

JPMorgan Chase Bank, National Association submitted a bid for all of First Republic Bank’s deposits. As part of the transaction, First Republic Bank’s 84 offices in eight states will reopen as branches of JPMorgan Chase Bank, National Association, today during normal business hours. All depositors of First Republic Bank will become depositors of JPMorgan Chase Bank, National Association, and will have full access to ...

Online banking services are being disrupted across the U.S.

November 30, 2023 -

Additionally, many customer accounts are being shut down without any warning.U.S. banks affected by "glitches"

"Glitches" are affecting the banking system. One such glitch resulted in paychecks not being deposited at many banks recently.

Customers at major U.S. banks, such as Bank of America and Wells Fargo, have complained about delays with their direct deposits on Nov. 7, following a glitch with processing payments. Many contacted their banks through social ...

WEAPONIZED BANKING: Big UK bank freezes Nigel Farage’s accounts

July 09, 2023 -

Farage is a British politician who served as a member of the European Parliament from 1999 to 2020 representing several populist conservative parties like the United Kingdom Independence Party and the Brexit Party, with the overarching goal of getting Britain out of the European Union.

The acts against Farage's bank accounts is another boundary event in the gradual deployment and normalization of the weaponization of the global financial system to require compliance with ...

Worst is yet to come: Banking crisis is far from over

January 03, 2024 -

Reports indicate that a staggering 2,118 bank branches shuttered in 2023 alone, with the data encompassing only 10 months of the year. Alarming rates of local branch closures coupled with the termination of over 60,000 employees in 2023 raise concerns about the health of the banking sector. (Related: The banking collapse of 2023 is now officially bigger than the banking collapse of 2008.)

While the Biden administration and mainstream financial media assert that the worst ...

Bank payment processing outages highlight risks of relying on electronic banking

November 17, 2023 -

The effects of the outages were far-reaching. Many people’s payroll direct deposits failed, leaving them unable to access the money they earned. ACH payments also failed to process, which resulted in late fees. There were also duplicated withdrawals, which left many customers in a bind after their money was taken out twice for a single transaction. Between Wells Fargo, Chase and Bank of America, there were almost a million failed transactions in total.

A precise cause ...

The Health Ranger denounces DISHONEST and UNRELIABLE fiat currency banking system

September 15, 2023 -

He made this denouncement during a Sept. 7 appearance on the "Crypto Coin Show" hosted by Ashton Addison, which also aired as an episode of the "Health Ranger Report." Adams, a fan of privacy cryptocurrency, blasted the fiat currency banking system as a dishonest and rigged ledger where people will never get ahead.

"We've seen a lot of viewpoint discrimination in the banking industry," he told Addison. "Those things together really led me to understand that the fiat ...

Worsenining commercial real estate market woes could spark a new banking crisis

2 months ago -

This year, around $929 billion in outstanding commercial mortgages will mature, the Mortgage Bankers Association reports. This is a staggering amount that equates to 20 percent of the $4.7 trillion outstanding debt overall. But with higher interest rates taking a huge toll on property values in the sector and many businesses relying less on office buildings as remote and hybrid work become more popular, the stage is set for a disaster.

The National Bureau of Economic Research ...

Quayle: Systematic takedown and takeover of U.S. banking system is ALREADY HAPPENING

December 04, 2023 -

"We're watching the systematic takedown and takeover of banking," he told the Health Ranger Mike Adams during an appearance on the "Health Ranger Report" program. "People [will] lose money, [and] they will be herded into whatever digital currency or … controlled medium of the day."

Adams attested to this, noting how Americans are now seeing massive automated clearing house (ACH) failures among major banks across the U.S. – including one instance in early November. According ...

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

November 10, 2023 -

In yet another display of America's cracking financial system – when will the thing finally die already? – customers who use direct deposit to transfer their earnings from their employers to themselves say the funds are not posting, which the establishment is blaming on "human error."

We are told that the Automated Clearing House (ACH) payments system is experiencing "problems" that are causing major headaches for not just consumers but also their employers.

"The ...

Dr. Mercola files LAWSUIT against JPMorgan Chase for de-banking Mercola Market employees

August 23, 2023 -

Dr. Mercola sat down with Mike Adams, the Health Ranger, to talk about what JPMorgan Chase, under the leadership of Jeffrey Epstein sympathizer and supporter Jamie Dimon, did to try to destroy his business.

"A few weeks ago, we received a letter to our business, and actually the CEO of our company, Steve Rye, and our CFO, Amy Lagaspi, who have both been with me for close to 20 years, and the letter was from Chase stating that they were giving us a month to take our funds ...

Deposits at Capitol One bank frozen by NYC’s banking commission amid insolvency fears

May 31, 2023 -

We needn't worry anymore, Democrats said, because brand-new unaccountable agencies like the Consumer Finance Protection Board were going to make sure that depositors were safe, their assets protected, and the bad guys who run shoddy banks dealt with.

But here we are, a mere 15 or so years later, and the same thing is happening again with banks – one collapse and insolvency after another, though taxpayers have spent billions of dollars propping up new federal agencies and ...

Fed survey shows BANKING CRISIS raises concerns over stability of US financial system

May 17, 2023 -

"Despite decisive actions by the Federal Reserve, the FDIC [Federal Deposit Insurance Corporation], and the U.S. Department of the Treasury, concerns about the economic outlook, credit quality and funding liquidity could lead banks and other financial institutions to further contract the supply of credit to the economy" the survey report stated. "A sharp contraction in the availability of credit would drive up the cost of funding for businesses and households, potentially resulting ...

Follow these steps if you want to survive the 2023 banking system collapse

May 03, 2023 -

The Fed just raised interest rates another 25 basis points, by the way, and declared the need to keep contracting credit across the economy. The commercial real estate market is going to fall off a cliff.

To survive the implosion of the western financial system, you need to be nimble. That's why I'm handing out homework assignments today, to provide you a checklist of all the things you need to nail down in advance of the worsening financial crisis.Step-by-step instructions ...

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 the Financial Times (FT), 20 of the ...

Why are online banking services suddenly being disrupted on a massive scale all over the United States?

November 08, 2023 -

(Article republished from TheEconomicCollapseBlog.com)

The Federal Reserve on Friday said the problem wasn’t related to a cybersecurity issue and that it had been resolved.  But customers on Monday continued to report delays with direct deposits, reaching out to their banks on social media to report that their paychecks hadn’t landed in their accounts as expected.

Wells Fargo and Bank of America referred questions to The Clearing House, a payments company that ...

India joins Russia’s SPFS banking payments system – another death blow to the dollar and Western money dominance

May 05, 2023 -

The Narendra Modi government reportedly agreed to adopt the Russian financial messaging system, known as the Service Bureau of the Financing Messaging System of the Bank of Russia, in order to make payments to the country for trade purposes.

The landmark agreement was signed by Indian external affairs minister S. Jaishankar and visiting Russian deputy prime minister Denis Manturov on April 18 in New Delhi, according to a report from The New Indian Express.

"The deal ...

Biden says U.S. banking system is ‘safe and sound’ after second-largest bank collapse in U.S. history

May 04, 2023 -

Less than two months after the collapse of two midsize financial institutions, First Republic took a dive and forced the federal government to intervene, NTD News reported earlier this week.

During National Small Business Week on May 1, Biden assured depositors of First Republic that they would be protected, whether insured or uninsured, and that taxpayers would not be responsible for any losses. Shareholders of the bank will lose their investments.

“These actions ...

NatWest bank issues further de-banking measures with new cash limits, prompting criticism from de-banked Nigel Farage

August 10, 2023 -

The ever-encroaching push towards a cashless society is once again on display as NatWest has decided, effective Sept. 11, 2023, to reserve an "absolute right" to refuse the deposit or withdrawal of cash and checks that are deemed to be of too high an amount.

Farage has been keeping an eye on NatWest ever since the bank, via Coutts, removed him as a customer because of his political leanings. Now, Farage is on a crusade, of sorts, to let the world know what these corrupt ...

U.S. govt. agencies hit in global ‘cyberattack’ after pro-Russia ‘hacktivist’ group threatens to take down entire European banking system

June 16, 2023 -

"This is not a DDoS attack, the games are over," a mysterious figure warned in a video that was posted online, referring to a denial of service type of attack.

"No money, no weapons, no Kiev regime -- this is the formula for the death of Nazism and it will work," the figure said. "Within 48 hours we are launching this global company, nothing will save you and this is not a warning. I am just informing. You have never seen such problems before."

Pro-Russian hacktivist ...