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Keyword: banks

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  • Netflix moving $100 million of cash holdings to black-owned banks

    06/30/2020 7:49:23 PM PDT · by ConservativeStatement · 69 replies
    New York Post ^ | June 30, 2020 | Nicolas Vega
    Netflix is pledging $100 million to support black-owned banks, the company announced Tuesday. The streaming video giant announced that it would shift 2 percent of its cash holdings to African American-owned US financial institutions in order to “directly support Black communities in the US.”
  • Just In: Rioters Blow Up at Least 10 ATMs in Philadelphia Overnight, Startling Many

    A lot of people posting about #PhillyExplosions overnight. Explosions appear to be the result of an organized effort to blow up ATMs for the Cash. SEE VIDEO...
  • Keeping Score: Coronavirus Heroes and Villains

    04/24/2020 8:44:29 AM PDT · by Kaslin · 2 replies ^ | April 24, 2020 | Neil Patel
    John Jacob Astor, the richest man on board the Titanic, famously gave up a seat in the final lifeboat when he saw two young children still on the ship's deck. "Women and children first" was the order from the ship's captain, and the final numbers show just how much the men on board -- even the rich and powerful -- adhered to that call. Women on the Titanic had a 75% survival rate, compared with just 17% for men. Besides some crazed radical feminists, most of us view the chivalry displayed on that sinking ship with a sense of awe...
  • Looking to switch accounts

    04/19/2020 5:10:36 AM PDT · by paladinkc · 31 replies
    looking to find a different bank, switched to a credit union that I am not sure they know what they are doing, and charge me fees just to transfer $ from one account to another for more than 4 transfers a month. I don't know who to trust on the website searches, I just want to know who is the best and cheapest
  • Stocks surge as big banks kick off earnings season

    04/14/2020 10:43:20 AM PDT · by knighthawk · 22 replies
    Fox Business ^ | April 14 2020 | Jonathan Garber
    U.S. equity markets rallied Tuesday as some of the country’s biggest banks kicked off earnings season. The Dow Jones Industrial Average gained 596 points, or 2.6 percent, while the S&P 500 rose 2.5 percent. The Nasdaq Composite surged 2.9 percent, on track to leave its bear market and stretch its winning streak to four days, the longest since February. The index must close higher by at least 40.38 points to officially exit.
  • If you have anything stored in a bank safe deposit box that you may need or want in an emergency... GET IT OUT NOW!

    03/18/2020 12:59:21 PM PDT · by NRx · 25 replies
    Vanity | 03-18-2020 | NRx
    JPMorgan Chase says it will close 20% of its branches because of the coronavirus pandemic...
  • Witness In Iran Sanctions Case Says Turkey's Erdogan Aided Evasion Scheme

    12/13/2017 2:35:10 PM PST · by Texas Fossil · 6 replies
    Radio Free Europe / Radio Liberty ^ | December 12, 2017 | With reporting by Bloomberg, Newsday, and Reuters
    Turkish President Recep Tayyip Erdogan was among the targets of an investigation in Turkey into suspected bribery and money laundering in connection with a scheme to help Iran evade sanctions, a former Istanbul police officer has testified. The officer, Huseyin Korkmaz, told a New York court on December 11 that the Turkish investigation that he led in 2012-2013 initially focused on Turkish-Iranian businessman Reza Zarrab, who U.S. prosecutors have said was the mastermind behind the Iran sanctions evasion scheme, but later grew to include dozens of others. He called Erdogan the "No. 1" target in a group that also included...
  • Banks Must Not Be Used as Pawns of the Left. It’s a game that’s dangerous to our economy and our political system.

    03/03/2020 7:25:09 AM PST · by karpov · 6 replies
    American Spectator ^ | March 3, 2020 | Gerard Scimeca
    It is no secret that the political Left’s wish list overflows with radical proposals that are far too unpopular to pass into law. Extreme, socialist ideas such as free college tuition, outlawing fossil fuels, speech restrictions, universal Medicare, open borders, firearm bans, and guaranteed income are just some of the menu items they dream of serving up to the American people. Thankfully, the vast majority of voters still find these ideas too hard to swallow. But liberals have never been known to let a little thing like democracy stand in the way of their grand schemes, or, as Democrat Rep....
  • Bloomberg called Warren 'scary' and vowed to 'defend the banks' in closed-door 2016 event

    02/24/2020 4:38:40 PM PST · by Zhang Fei · 5 replies
    CNN ^ | 7:10 PM ET, Mon February 24, 2020 | Andrew Kaczynski and Em Steck
    Former New York City Mayor Mike Bloomberg said at a private event in 2016 that his presidential campaign platform would have been to "defend the banks" and also labeled the progressive movement and Massachusetts Sen. Elizabeth Warren, now a rival for the 2020 Democratic presidential nomination, as "scary." When asked his views on the rise of the far right in Europe, Bloomberg warned about the rise of progressive politicians in the US, citing Warren. "The left is arising. The progressive movement is just as scary," he says. "Elizabeth Warren on one side. And whoever you want to pick on the...
  • House Dems push legislation requiring banks to receive critical 'diversity and inclusion' rating

    02/14/2020 4:34:19 PM PST · by lowbridge · 40 replies
    Fox News ^ | February 14, 2020 | Gregg Re
    House Democrats are proposing that all banks and credit unions receive a new "diversity and inclusion" rating in an unprecedented step that would fundamentally alter federal regulators' critical "CAMELS" rating system that currently employs a series of metrics that solely assess the financial health of banking institutions. The "Promoting Diversity and Inclusion in Banking Act of 2019" is draft legislation supported by Democrats on the House Subcommittee on Diversity and Inclusion, which was created by House Financial Services Committee chairwoman Maxine Waters Rep. Maxine Waters, D-Calif. Waters has long pushed for government-led diversity efforts, even as Republicans have challenged her knowledge of fundamental economic issues. "We need to change it and...
  • ‘Bank’rupt Decision Jeopardizes Opportunity for Disadvantaged Children in Florida

    02/05/2020 6:08:58 PM PST · by Tolerance Sucks Rocks · 8 replies
    The Daily Signal ^ | February 4, 2020 | Lindsey Burke
    Last week, Wells Fargo and Fifth Third Bank announced they no longer would donate to the Florida Tax Credit Scholarship Program, which enables more than 108,000 low-income children and children in foster care to receive scholarships to attend a safe and effective school of choice. The move comes after the Orlando Sentinel published a piece suggesting that $105 million in tax credit scholarships had been used by families to pay tuition at faith-based schools that, as The Federalist’s Joy Pullmann put it, “uphold their faiths’ historic sexual ethics.” Businesses that contribute to nonprofit scholarship-granting organizations in the state can receive...
  • Banker claims she was fired for helping man in need on Christmas Eve

    01/30/2020 5:20:53 PM PST · by stuck_in_new_orleans · 10 replies
    GRESHAM, Ore. (KOIN/CNN) - A former employee for U.S. Bank says she lost her job for helping a cash-strapped customer who was worried he wouldn’t be able to afford Christmas presents for his kids. Emily James, a senior banker at the U.S. Bank call center in Gresham, Ore., says she was working Dec. 23 when a customer called because the bank had put a hold on his paycheck. He said his bank account was empty, and he wouldn’t be able to buy his kids presents or afford living expenses for several days. James says she tried for two days to...
  • Why Is the World's Cash Disappearing? Banks Are Asking, But No One Seems to Know

    12/17/2019 8:37:59 AM PST · by SeekAndFind · 58 replies
    PJ Media ^ | 12/17/2019 | Stephen Green
    You had one job. Technically, bankers have a lot of different jobs, but in the end, they all come down to one basic skill: Knowing where all the money is, all the time. The big vaults? The armed guards? The monthly statements? The paperwork... the endless paperwork? All of those things, and even the serious suits they wear, are supposed to send a message: We can account for your money, right down to the penny. Things get more complicated at the macroscale, where the Federal Reserve and other nations' central banks operate. Their job is to know so much about...
  • The FASTag fiasco (India)

    12/15/2019 8:15:09 AM PST · by Tolerance Sucks Rocks · 5 replies
    Frontline (The Hindu) ^ | November 30, 2019 | V. Sridhar
    Three years after the colossal failure of demonetisation the Narendra Modi government has embarked on a similar venture, the FASTag programme, this time targeting road users across the country. But just a day before the November 30 deadline, by which date all vehicles plying the highways would have been mandatorily required to affix an RFID (Radio Frequency Identification) tag on their vehicles, the government blinked. And, like demonetisation, the design of this scheme also reflects a simpleton’s naivete. The announcement that those without the tag would be charged double the tariff at the toll gates set off a firestorm of...
  • Man who stole $88,000 from bank vault caught after he flashed stacks of bills on social media

    12/14/2019 2:43:11 PM PST · by Mariner · 58 replies
    CNN via KCRA Sacramento ^ | December 14th, 2019 | By Chauncey Alcorn
    CHARLOTTE, N.C. — If you're systematically stealing money from a bank vault, it may not be a good idea to post the evidence on your social media pages. A bank employee in Charlotte, North Carolina, allegedly stole $88,000 from the bank's vault, according to a release from the United States Attorney's Office, Western District of North Carolina. And he wasn't bashful about advertising to his social media followers the life of luxury he was funding. The release said a criminal indictment was unsealed this week in federal court after the arrest of Arlando Henderson, 29, by the FBI in San...
  • Democratic Senators Want the Fed to Better Prepare Banks for Climate Change

    11/24/2019 2:00:40 PM PST · by karpov · 44 replies
    Wall Street Journal ^ | November 21, 2019 | Michael S. Derby
    A group of Democratic senators, half of whom currently running for president, are supporting a new bill that would direct the Federal Reserve to formally factor climate-change risks into its oversight of large financial firms. Sen. Brian Schatz, (D., Hawaii) announced on Wednesday that he was joining with nine other Democrat senators on the legislation—including presidential hopefuls Sens. Elizabeth Warren (D., Mass.), Michael Bennet (D., Colo.), Cory Booker (D., N.J.), Amy Klobuchar (D., Minn.) and Kamala Harris (D., -Calif.). Rep. Sean Casten (D., Ill.) has introduced a companion bill in the House of Representatives. The bill, if passed, directs the...
  • Nolte: Big Fat Liar Elizabeth Banks Blames Sexism for ‘Charlie’s Angels’ Flop

    11/18/2019 10:55:00 PM PST · by familyop · 41 replies
    Breitbart ^ | 18 Nov 2019 | JOHN NOLTE
    Prior to Charlie’s Angels (2019) fiery death at the box office, writer-director-star Elizabeth Banks had already formulated sexism as an excuse for her coming flop. Per IndieWire:...Already five major franchises — five — have been killed at the box office after being rebooted to exclude and demean men...And of course, the dried-up harpies blame men...A Wrinkle in Time...Ghostbusters reboot
  • Pot Bill Tokes the Line on Public Safety

    09/30/2019 6:31:42 PM PDT · by Tolerance Sucks Rocks · 20 replies
    Family Research Council ^ | September 30, 2019 | Tony Perkins and FRC senior writers
    When the alarm went off at Jennifer Hrobuchak's work, the 22-year-old district manager didn't think twice. She got in her car in the early morning hours and headed off to the store to investigate. The new college graduate, who had hoped to have a career saving people from drugs, never saw the man run through the red light straight at her. At 82 miles per hour, he slammed Jennifer's car across the road into a building that crushed and killed her. After seven years of telling the story, her mom, Corinne, still gets emotional. And it's no wonder. The man...
  • How negative interest rates helped turn Deutsche Bank into a disaster

    07/29/2019 9:04:23 AM PDT · by Moonman62 · 17 replies
    CNN Business ^ | 07/29/19 | Matt Egan
    Germany's biggest lender is rapidly slashing jobs, it's losing a ton of money and the stock is trading near all-time lows. Many of Deutsche Bank's problems are self-inflicted. It's been badly mismanaged. Deutsche Bank (DB) never fully cleaned up its crisis-era balance sheet. Restructuring efforts fell short. And its countless legal black eyes haven't helped matters. But Deutsche Bank's struggles have also been amplified by something the 149-year-old lender never imagined, mostly because it had never happened before in modern history: negative interest rates. In 2014, the European Central Bank wanted to boost the sluggish economy but interest rates were...
  • Deutsche Bank will exit global equities business and slash 18K jobs in sweeping overhaul

    07/07/2019 6:25:08 PM PDT · by Beave Meister · 8 replies ^ | 7/7/2019 | Spencer Kimball
    Deutsche Bank announced Sunday that it will pull out of global equities sales and trading, scale back investment banking and slash thousands of jobs as part of a sweeping restructuring plan to improve profitability. Deutsche will cut 18,000 jobs for a global headcount of around 74,000 employees by 2022. The bank aims to reduce adjusted costs by a quarter to 17 billion euros ($19 billion) over the next several years. The German bank’s decision to scale back investment banking comes just two days after investment banking chief Garth Ritchie stepped down by “mutual agreement.” Deutsche expects its restructuring plan to...