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Keyword: banking

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  • Democrat Fingers in the Vatican Pie: Did Obama Force Benedict’s Abdication?

    08/28/2018 5:55:37 AM PDT · by narses · 29 replies
    One Peter Five ^ | 8/11/2017 | Alessandro Rico
    On May 17, I published an article in the Italian newspaper La Veritŕ about pope Benedict’s abdication. A few days before, in a renowned Italian geopolitical magazine called Limes, Professor Germano Dottori had argued that Joseph Ratzinger’s 2013 abdication, and the former Italian prime minister Silvio Berlusconi’s resignation in 2011, after a financial storm sold to public opinion as a “public debt” crisis, were the result of pressures on the part of Obama administration in the United States. According to Dottori, Obama was eager to dethrone Benedict XVI for two reasons. On the one hand, his presidency was close to...
  • Mastercard, Microsoft to Advance Digital Identity Innovations (Global ID the Mark)

    12/04/2018 5:39:09 PM PST · by MarchonDC09122009 · 31 replies
    Mastercard ^ | 12/03/2018 | Microsoft Mastercard
    Mastercard, Microsoft to Advance Digital Identity Innovations https://newsroom.mastercard.com/press-releases/mastercard-microsoft-join-forces-to-advance-digital-identity-innovations/#__prclt=IarCgTyK Mastercard, Microsoft Join Forces to Advance Digital Identity Innovations PURCHASE, N.Y. and REDMOND, Wash. – December 3, 2018 – Mastercard (NYSE: MA) and Microsoft (Nasdaq “MSFT” @microsoft) today announced a strategic collaboration to improve how people manage and use their digital identity. Currently, verifying your identity online is still dependent on physical or digital proof managed by a central party, whether it’s your passport number, your proof of address, driver’s license, user credentials or other means. This dependence places a huge burden on individuals, who have to successfully remember hundreds of passwords...
  • US Bank Reserves 10% – EU Bank Reserves 1%

    11/29/2018 10:26:03 PM PST · by Tilting · 9 replies
    Armstrong Economics ^ | Nov 30, 2018 | Martin Armstrong
    QUESTION: What mechanism prevents banks from creating fraudulent electronic deposits of currency? As an IT systems admin, I have the ability to add / subtract / adjust ERP systems inventory / costing outside the normal users ability. I could add widgets to the system at will, but fraud can’t be sustained very long, as the physical widgets can’t be sold, they only exist in the system. Electronic currency, however, is only a ledger entry, and since new currency units are created as loans – What prevents any bank from just changing the numbers in their systems to create more currency...
  • Central Banks Looking at Creating Their Own Cryptocurrencies

    11/25/2018 10:14:28 PM PST · by Tilting · 9 replies
    Armstrong Economics ^ | Nov 26, 2018 | Martin Armstrong
    The IMF has recommended that all Central banks should issue their own cryptocurrencies. Indeed, they are looking at using Block Chain to keep track of taxes and to enforce negative interest rates with cryptocurrencies which would allow them to impose negative interest rates whenever necessary. With adopting cryptocurrencies that governments would control, we will come one step closer to losing all our freedom. Central banks could enforce negative interest rates with cryptocurrencies and thus people would find their accounts just garnished. This technology is also causing those in hunt of tax revenues to lick their lips. The issuance of digital...
  • Goldman Sachs Going Down on the Pi Target?

    11/23/2018 12:41:13 AM PST · by Tilting · 13 replies
    Armstrong Economics ^ | Nov 23, 2018 | Martin Armstrong
    The Abu Dhabi sovereign wealth fund sued Goldman Sachs on the Pi Target, Wednesday, November 21st, 2018, for allegedly conspiring against the Middle Eastern fund to further a criminal scheme by Malaysia’s scandal-plagued 1MDB. The suit, filed in a New York court on behalf of Abu Dhabi’s International Petroleum Investment Company (IPIC), names Goldman Sachs as well as former Goldman officials who were charged by the US Justice Department in indictments unsealed earlier this month. “This action seeks redress for a massive global conspiracy on the part of the defendants to defraud and injure plaintiffs,” said the lawsuit, which also...
  • Wealth Preservation: The Final Assault in the War on Cash

    11/21/2018 4:45:45 PM PST · by Kaslin · 26 replies
    Townhall.com ^ | November 21, 2018 | Dan Denning
    Before I show you what I’ve learned about a plan to seize control of America’s money, let me make one point clear…If you value sound money and political freedom… if you value limited government and taxation with representation… and if you value enterprise and privacy… then you’re going to hate the future I’m about to describe.There is no philosophical or monetary middle ground on the issue.You’re either with it or against it.The Chicago PlanIn March 1933, Henry Morgenthau Jr., chairman of the Federal Farm Board, was sent a short memo titled, “Memorandum on Banking Reform.”It was signed by Frank Knight...
  • Germany's Weber: Creating European Monetary Fund should be a priority

    11/19/2018 6:37:47 AM PST · by Olog-hai · 12 replies
    Reuters ^ | November 19, 2018 8:29 AM | Michelle Martin
    German conservative Manfred Weber, who is running to take over the European Union’s top job next year, said on Monday that turning the European bailout fund (ESM) into a European Monetary Fund (EMF) should be a priority. […] “The political picture behind that is that in the last eurozone crisis, we asked for the IMF’s (International Monetary Fund) help. Barack Obama was the president then, so partnership was possible. In future crises, which we can’t exclude happening, I as a European don’t want to be dependent on the White House.” …
  • Manhattan U.S. Attorney Announces Criminal Charges Against Société Générale S.A. For Violations of

    11/19/2018 5:02:29 PM PST · by bitt · 5 replies
    justice.gov ^ | 11/19/2018 | Southern District of New York
    Bank to Pay Total Penalties of more than $1.3 Billion as part of Resolution with Federal and State Prosecutors and Regulators Geoffrey S. Berman, the United States Attorney for the Southern District of New York, James D. Robnett, the Special Agent in Charge of the New York Field Office of the Internal Revenue Service, Criminal Investigation (“IRS-CI”), and Mark Bialek, Inspector General, Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau (“IG-FRB/CFPB”), announced criminal charges against Société Générale S.A. (“SG” or the “Bank”) consisting of a one-count felony information charging SG with conspiring to violate...
  • The NRA Will Have Its Day in Court (against Cuomo)

    11/15/2018 5:53:03 AM PST · by reaganaut1 · 10 replies
    Wall Street Journal ^ | November 14, 2018 | James Freeman
    [N]o elected official in the country has more aggressively sought to limit free speech rights than Gov. Andrew Cuomo (D., N.Y.). Now he will have to answer for it in court. ... In May this column described how Mr. Cuomo was using the state’s financial regulatory agency to intimidate insurance companies, banks and other firms into turning down business with the NRA. The gun-rights group sued Mr. Cuomo after he ordered the state’s Department of Financial Services to tell the firms it oversees “to review any relationships they may have with the National Rifle Association and other similar organizations. Upon...
  • President Trump Immediate Lame Duck Actions To Protect The United States From Catastrophe

    11/07/2018 4:04:00 AM PST · by yefragetuwrabrumuy · 66 replies
    vanity ^ | 11/7/2018 | yefragetuwrabrumuy
    President Trump only has a brief, lame duck congress ability to protect the nation from a Democrat-caused catastrophe. Here are suggestions for what he might do.
  • Living in Military Family Housing or Living Off-Base (Away from predatory mortgage brokers)

    10/28/2018 1:05:39 PM PDT · by Hostage · 58 replies
    The Balance Careers ^ | August 08, 2018 | BY ROD POWERS
    Members who have dependents usually have the option of living on-base in the military family housing for free, or off-base and receive a monthly housing allowance. Members who are assigned to locations where dependents are not allowed to travel at government expense (such as basic training, and some unaccompanied overseas assignments) can live in the barracks for free, and still continue to receive the housing allowance (for the location of their dependents), in order to provide a household for their family members. At some bases, members may not have a choice. When I was stationed at Edwards Air Force Base,...
  • The Era of bank secrecy ends as Swiss start sharing account data to governments

    10/06/2018 7:29:25 AM PDT · by SeekAndFind · 27 replies
    Reuters ^ | 10/06/2018 | Michael Shields
    ZURICH (Reuters) - The era of mystery-cloaked numbered Swiss bank accounts has officially come to a close as Switzerland, the world’s biggest center for managing offshore wealth, began automatically sharing client data with tax authorities in dozens of other countries. The Federal Tax Administration (FTA) said on Friday it had for the first time exchanged financial account data at the end of September under global standards that aim to crack down on tax cheats. Bank secrecy still exists in some areas — Swiss authorities cannot automatically see what citizens have in their domestic bank accounts, for example — but gone...
  • Bank fraud alert

    10/04/2018 2:34:50 AM PDT · by NY.SS-Bar9 · 28 replies
    Personal experience | 10/4/18 | Stainless27
    If you have a bank account with any kind of phone or online access, read carefully: Over the weekend, someone was able to call into TD Bank and impersonate me. They were able to change my contact information and sign up for P2P transfers using Zelle. I was locked out of my account and started watching alert messages pop into email as my checking account was drained. I suspect that this compromise involved data from the Experian breach allowing a thief to impersonate me. That, and dubious security at TD, left me $3,000.00 lighter. I strongly suggest that everyone contact...
  • Why Does Wells Fargo Still Exist? (The bank isn't just "too big to fail." It's too big to fix.)

    08/25/2018 2:17:54 PM PDT · by Ultra Sonic 007 · 42 replies
    The Huffington Post ^ | 8/25/2018 | Zach Carter
    Wells Fargo executives know that everyone hates them. In the last two years, the bank has launched three separate marketing campaigns hoping to clean up its public image, only to see each effort thwarted by fresh, catastrophic scandals ― like wrongly repossessing 27,000 cars and foreclosing on 400 families for no reason. The bank’s latest quarterly filing with the Securities and Exchange Commission dedicates more than 2,000 words to “Additional Efforts To Rebuild Trust,” listing “automobile lending,” “mortgage interest rate lock extensions,” “consumer deposit account freezing/closing,” “certain activities within wealth and investment management,” “foreign exchange business,” “fiduciary and custody account...
  • Bank Teller, 25, 'Who Texted her Boyfriend and his Accomplice a go Signal' after a Customer [Trunc]

    08/23/2018 9:26:01 AM PDT · by Cecily · 104 replies
    Daily Mail (U.K.) ^ | August 23, 2018 | Daniel Roth
    A Texas bank employee accused of being an accomplice to a violent armed robbery appeared in court Wednesday to face charges. Shelby Wyse, 25, was arrested and charged with aggravated robbery on Tuesday for her alleged part in a brazen daytime attack on a woman carrying $75,000 in Houston. The mother-of-one appeared before a judge Wednesday, wearing a Whitney Houston tank top with her hair scraped up in a top knot. Court documents state that security footage captures Wyse watching the woman while she conducted her business at the bank. She then allegedly sent a text message to her boyfriend...
  • South Africa's Land Bank says land expropriation could trigger default

    08/21/2018 11:03:50 AM PDT · by Eyes Unclouded · 37 replies
    Reuters ^ | Aug 21 2018
    South Africa's state-owned Land Bank said on Monday a plan to allow the state to seize land without compensation could trigger defaults that could cost the government 41 billion rand ($2.8 billion) if the bank's rights as a creditor are not protected. Land Bank is a specialist bank providing financial services to the commercial farming sector and other agricultural businesses. President Cyril Ramaphosa announced on Aug. 1 that the ruling African National Congress (ANC) is forging ahead with plans to change the constitution to allow the expropriation of land without compensation, as whites still own most of South Africa's land...
  • Barrasso Condemns Bank of the West Anti-Fossil Fuels Policies

    08/09/2018 6:33:59 AM PDT · by george76 · 26 replies
    Wyoming Network ^ | 8-8-18 | John Barrasso
    U.S. Senator John Barrasso (R-WY) sent a letter to Bank of the West President and Chief Executive Officer Nandita Bakhshi pushing back on the bank’s decision to no longer conduct business with companies engaged in the exploration and production of coal, oil and natural gas. Bank of the West, headquartered in San Francisco, CA, has 23 branches with dedicated employees who work hard to serve communities and families across Wyoming. In his letter, Barrasso condemned the San Francisco headquarter’s attack on Wyoming’s communities and businesses that depend on fossil fuels for energy security, jobs and economic growth. “This misguided and...
  • Here's how much you really earn as an MD (Managing Director) at Credit Suisse and UBS in London

    08/08/2018 9:12:34 PM PDT · by 2ndDivisionVet · 3 replies
    eFinancial Careers ^ | August 7, 2018 | Sarah Butcher
    Do you really earn less working for a European than for a U.S. bank in London? Popular opinion would have it that you do. But popular opinion may be wrong: our analysis suggests that if the European investment bank you work for is either Credit Suisse or UBS, you'll be paid on a par with people at U.S. houses. - Or at least, this appears to have been the case for last year. Both UBS and Credit Suisse issued UK specific remuneration reports for 2017. They're not new, but they are buried on the Swiss banks' websites and we've only...
  • Facebook to Banks: Give Us Your Data, We’ll Give You Our Users

    08/06/2018 9:28:09 AM PDT · by bitt · 53 replies
    WSJ ^ | 8/6/2018 | Emily Glazer, Deepa Seetharaman and AnnaMaria Andriotis
    The social media giant has asked large U.S. banks to share detailed financial information about their customers, including card transactions and checking account balances, as part of an effort to offer new services to users. Facebook increasingly wants to be a platform where people buy and sell goods and services, besides connecting with friends. The company over the past year asked JPMorgan Chase JPM +0.25% & Co., Wells Fargo & Co., Citigroup Inc. C +0.20% and U.S. Bancorp USB +0.40% to discuss potential offerings it could host for bank customers on Facebook Messenger, said people familiar with the matter. Facebook...
  • Deutsche Bank is hiring 25% more new analysts this year (800+ jobs)

    07/23/2018 5:30:40 PM PDT · by 2ndDivisionVet
    Business Insider ^ | July 23, 2018 | Dakin Campbell
    Deutsche Bank is hiring nearly 800 new university graduates globally in 2018, its second highest number ever and 25% more than last year. The German lender is bringing more analysts in corporate finance than in sales and trading. The hiring comes as Deutsche surprised investors last week with a higher-than-expected profit for the second quarter under new CEO Christian Sewing....