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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), ...

Banks increasingly discriminating against customers based on their political views

August 15, 2023 - banks, also embraces LGBT perversion, and since Farage is not about all that pride, this is likely another reason he was kicked out of the bank. The pride patrol is likely to start trying the same thing at other banks, so beware.

The latest news about the crumbling global financial system can be found at Collapse.news.

Sources for this article include:

TheEpochTimes.com

NaturalNews.com

This site is part of the Natural News Network ...

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

March 15, 2023 - banks bought up during times of low-interest rates. Those bonds and treasuries are now deeply underwater as Jerome Powell continues to hike interest rates in a failed attempt to quell skyrocketing inflation.

"This is because higher interest rates mean that new bonds accrue higher rates of returns for investors," writes Ryan King for The Washington Examiner. "As a result, older bonds have comparatively lower rates of return, rendering them less desirable for investors ...

Banks pushing back against Biden’s new IRS “bank account snooping” proposal

September 24, 2021 -

The proposal is part of the $3.5 trillion reconciliation package that is currently being considered by Congress and would require financial institutions such as banks to report any deposits and withdrawals that total more than $600 annually to and from every business and personal account to the Internal Revenue Service.

More than 40 business and financial groups joined the American Bankers Association in sending a letter last week to House Speaker Nancy Pelosi ...

Banks could get up to $24 billion in “free money” from the CARES Act

July 15, 2020 -

According to Edwin Hu of the New York University School of Law’s Institute for Corporate Governance and Finance, more than 4,000 banks and lending institutions are in line to split anywhere between $14.3 billion and $24.6 billion in processing fees for PPP loans.

Hu’s calculations are higher than the previous $18 billion estimate provided by a report from the Washington Center for Equitable Growth.Fees collected from PPP loans is “free money”

Banks ...

British Prime Minister: U.K. teens will be cut off from banks if they refuse national service

a month ago -

"Young people who refuse to do National Service could lose their access to finance," Rishi Sunak has said. The prime minister also suggested they could have their driving licenses removed, adding that there are "all sorts of things" countries across Europe can do to ensure young people take part in mandatory national service. "Whether that is looking at driving licenses or their access to finance or all sorts of other things, that's the right thing to do," Sunak said.

Sunak ...

4 Major banks FLAGGED by U.S. regulators over inadequate derivatives plans

a month ago -

The four financial giants – Bank of America (BofA), Citigroup, Goldman Sachs and JPMorgan Chase – were told to improve their plans for managing bankruptcy, specifically focusing on the safe resolution of their derivatives portfolios. According to the U.S. Federal Reserve (USFR) and the Federal Deposit Insurance Corporation (FDIC), these banks must refine their "living wills" by 2025 to address the intricate risks, liquidity and contingent liabilities associated with their ...

After blowing up the Nord Stream pipelines that provided low-cost energy to Germany, the U.S. is now threatening German banks with sanctions

May 23, 2024 - banks such as those in Germany with secondary sanctions if there is even a whiff of Russian military-related transactions.

"I urge all institutions here to take heightened compliance measures and to increase your focus on Russian evasion attempts," Yellen bellowed, threatening to bar Germany and other offending countries from being allowed to use the U.S. dollar – oh no, not that...

(Related: Last fall, Yellen bloviated about how the United States can "absolutely" ...

OBEY: World Economic Forum white paper claims 98% of central banks are in the process of adopting CBDCs

May 01, 2024 -

This time, they’ve released a white paper making the claim that 98% of all central banks are currently pursuing their own CBDCs.

They may want people to believe this, but just two countries have officially launched CBDCs so far – Nigeria and Zimbabwe – while just a handful have made it past the “proof of concept” stage.

Moreover, a number of countries have scrapped their CBDC projects, such as Finland, Denmark, the Philippines, Ecuador and Kenya. Countries ...

“Over 98%” of world’s central banks are preparing to unleash the global cashless society

April 30, 2024 -

In a new report, the World Economic Forum (WEF) states that 98 percent of the world's central banks have agreed to implement the globalists' long-awaited fantasy of a completely cashless world – that they themselves control, of course.

The Federal Reserve here in the United States – which is not really federal but rather controlled by a cabal of "elite" billionaire bankers – is fully on board with the scheme. All it is waiting for is a "black swan" triggering ...

Major banks debanking Christians

April 24, 2024 - banks to back to them regarding their political adversaries and their supporters.

On March 6, 2024, the House Select SubcommiEee on the Weaponization of the Federal Government found that “the federal government was engaged in broad financial surveillance, prying into the private transactions of American consumers. This surveillance “was not predicated on any specific evidence of particularized criminal conduct and, even worse, it keyed on terms and specific transactions ...

Expert warns: Banks will claim that your money is no longer yours, may freeze bank withdrawals

April 19, 2024 - banks is not solely about fears of whether the Federal Deposit Insurance Corporation will insure deposits above $250,000, and a blanket guarantee on deposits would not solve the problem. According to Hendry, there is capital flight, deposit flight from the banking sector seeking yield. He said he is scared that as in 1934 the Federal Reserve Act confiscated gold from U.S. citizens. And so, he advised that when it comes to where Americans can place their capital amid the ...

New “data protection” bill in the U.K. expands ability of banks and corporations to surveil customers

April 11, 2024 - banks expanded powers to monitor the accounts of private citizens under the premise of being on the lookout for fraud and errors in welfare payouts. If banks find concerns, they can flag the accounts of people who meet as-yet-unpublished criteria to the government.

Another cause for concern is the fact that the DPDI bill removes the right of British citizens to not be subjected to automated decision-making without their consent, especially where the decision ...

Largest U.S. banks have most toxic commercial real estate exposure

March 26, 2024 -

The nation's six largest banks saw delinquent commercial property loans nearly triple in 2023 due to high vacancy rates and ever-increasing borrowing costs. Delinquencies among these six large banks reached a whopping $9.3 billion last year.

By far the largest CRE lender among the big banks is JPMorgan Chase & Co., which has issued $171 billion worth of CRE loans, amounting to 12.6 percent of its total loans.

Wells Fargo & Company is pretty ...

Grant Cardone on the Charlie Kirk Show: “300 banks WILL FAIL in next 24 months”

March 21, 2024 - banks failing every year, but what happens when the number jumps into the hundreds?

Do you think the FDIC can insure all of that?

Read more at: 100PercentFedUp.com

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In order to curtail the tyranny of central banks and espionage agencies, Americans must starve the state – central banks and domestic spies go hand in hand in our once-free republic

March 15, 2024 - banks,’” they will scoff. We will appear quite gullible. Perhaps the biggest “tell” that we have been living under the mere illusion of free markets is the uncomfortable truth that the central banks of closed communist nations are scarcely distinguishable from those purporting to undergird capitalism. Both use their powers to choose economic winners and losers.

As with all human-devised schemes that ultimately betray their stated purpose, centralized control ...

Feds colluded with big banks to spy on Americans’ financial transactions

March 14, 2024 -

(Article by Brenda Baletti, Ph.D. republished from ChildrensHealthDefense.org)

The report details how government officials asked major banks to search financial transactions for key terms, like “Trump” and “MAGA.” It also suggested they identify transactions related to firearms or sporting goods stores, such as Cabela’s, Bass Pro Shop and Dick’s Sporting Goods.

“Americans doing nothing other than shopping or exercising their Second Amendment rights were ...

OUTRAGE: Major banks worked with federal government to SPY on Americans and track their financial transactions

March 13, 2024 - banks to search people's financial transactions using key terms such as “MAGA” and “Trump” in hopes of identifying transfers that might indicate people were present at the Capitol on that day. It also told banks that they could identify transactions related to sporting goods stores and places that are known to sell firearms, such as Dick's Sporting Goods, Bass Pro Shop and Cabela's.

Some of the financial institutions that were identified by the report as ...

American banks are taking part in central bank digital currency trials funded by Epstein-linked MIT lab

March 10, 2024 - banks and corporations.Could a global CBDC be in the pipeline?

The project's researchers proposed a “multi-CBDC common platform” as a way of addressing the challenges involved in making cross-border payments, implying that there would be a global CBDC technology involved. This is something that the International Monetary Fund has reportedly been working on. Last year, the managing director of the IMF, Kristalina Georgieva, said that such a project was underway and ...

Yellen wants frozen Russian assets to be given to Ukraine – a move that could drive away nations from Western banks

March 03, 2024 -

"It is necessary and urgent for our coalition to find a way to unlock the value of these immobilized assets to support Ukraine's continued resistance and long-term reconstruction," Yellen said in Brazil, during the Group of Seven nations meeting this week, as per the Associated Press. She added that there is a strong international law, economic and moral case for moving forward. "This would be a decisive response to Russia’s unprecedented threat to global stability," Yellen added....