Bank

Joe And Hunter Biden Shared Bank Accounts, Paid Each Other’s Bills .

Joe Biden and the smartest man he knows, Hunter Biden, shared bank accounts and paid each other’s bills while Joe was VP, according to the Daily Mail, citing previously unseen emails from Hunter’s laptop that could embroil the sitting US president in his son’s FBI and IRS tax investigations – which are looking into Hunter’s foreign business relationships…

“The Gateway Pundit Has Made a Bank on the Secretary and I Themselves”

“The Gateway Pundit Has Made a Bank on the Secretary and I Themselves” – Corrupt Gabe Sterling Attacks Gateway Pundit in Bizarre Rant on ‘Combatting Disinformation’ (VIDEO) Tap here to add The Western Journal to your home screen.

May Inflation the Largest Increase Since 1992 — Inflation Expected to Reach 8% in 2021 Per Top Bank of America Strategist

The Biden economy just got worse.  A top executive at Bank of America believes inflation will reach 8% this year. We reported recently that Inflation was a major concern in the markets today: Advertisement – story continues below GET READY FOR A RIDE: Inflation Is a Major Concern Amongst Many Concerns in the Markets Today Then…

Alfa Bank Is Winning Fight with Fusion GPS for Records Related to the Bank – Fusion Claims Attorney-Client Privilege After Spreading Their Garbage Stories with Multiple Corrupt Media Outlets

Alfa Bank Is Winning Fight with Fusion GPS for Records Related to the Bank – Fusion Claims Attorney-Client Privilege After Spreading Their Garbage Stories with Multiple Corrupt Media Outlets Tap here to add The Western Journal to your home screen.

Loonie Surges After Hawkish Bank Of Canada Sees Faster Recovery, Warns Of Upside Inflation Risk

As expected, the Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank also kept its guidance and QE program unchanged at its current pace of at least $4 billion…

BofA's Ugly Quarter: FICC Unexpectedly Slides, Bank Tries To Mask Weakness With Massive Reserve Release, Buyback

While nowhere near as ugly as Wells Fargo’s dismal results, moments ago Bank of America reported results that while beating on the bottom line, left quite a bit to be desired, mostly as a result of disappointing sales and trading results, particularly in FICC, which declined 5% “as weaker trading performance in macro products and…

One Bank Makes A Big Call: "Vaccinations Should Bring Virus Under Control In Next Few Weeks"

One month ago, we presented to our readers an analysis from Goldman Sachs, according to which the rapid rollout of vaccinations at long-term care facilities would lead to a decline in US hospitalizations around Jan 9, and would then push total covid-related hospitalizations to nearly zero by the end of the month. While Goldman may…

IRS Sent "Millions Of Checks" To The Wrong Bank Accounts, Tax Preparers Claim

it’s incredible to think that while giving away trillions of dollars, the U.S. government may have misplaced some of it without anybody noticing. That is what several tax preparers are claiming; notable that the IRS has sent “millions of checks” to the wrong bank accounts. It’s a mistake the Feds are now working on fixing, according to…

Deutsche Bank Pays $100MM To Resolve Chinese Bribery Scandal

By Tyler Durden For a minute there, it looked like Goldman Sachs might steal Deutsche Bank’s crown as the most felonious bank on Wall Street. The massive penalty Goldman paid to resolve criminal proceedings tied to its role in helping a gang of corrupt plutocrats ransack a public development fund erased the fruits of a…

Why One Bank Is Optimistic On The COVID Vaccine Rollout

If 2020 was the year of covid, 2021 will be the year of the covid vaccine according to Bank of America. And, as such, the year will revolve around the success of vaccines, Deutsche Bank’s Jim Reid writes in his Chart of the Day note just back from vacation and fully recharged. Yet despite some…

Q3 Bank CRE Loan Performance: Delinquencies Spike For Big Retail And Small Hotel Sectors

By commercial-real estate experts Trepp Summary: The overall credit performance of commercial real estate (CRE) loans in bank portfolios continues to show signs of pandemic related stress with increasing delinquency rates and charge-offs and downward migration of risk ratings. While anecdotal feedback from lenders indicates that relief granted through deferrals and forbearance early in the…

Bank Of America Expects 1.1BN People Will Be Vaccinated For COVID By Late 2020

If 2020 has been a year to remember, then it has also been a year filled with surprises, where nothing really worked out like investors had anticipated. Following one of the fastest wipeouts in modern history, markets around the world have rebounded and according to Bank of America, global equity market cap has topped $100TN,…

Stocks Surge Off Pre-Open Plunge Lows, Dow Goes Green On Bank Gains

The Dow is up over 800 points from its pre-open lows and has pushed into the green for the day, shrugging off pandemic mutations as Fed Stress Test-enabled buybacks have sent Goldman and JPMorgan soaring, adding around 150 points to the index alone… The Dow is leading the major indices but they are all soaring…

Austrian Central Bank Unleashes Pro-Cash Attack On ECB's Digial Euro Agenda

The ECB’s “war on cash” has been raging for years. It began most directly in 2016 when The ECB made its decision to end production of €500 banknote. As we said at the time, not a bad way to launch a global ban on paper currency ahead of a global NIRP regime, and all, of…

Central Bank Digital Currencies & The War On (Physical) Cash

Authored by Kristoffer Mousten Hansen via The Mises Institute, Twenty twenty is a year dominated by bad news. While governments around the world have imposed extremely destructive restrictions on economic life and promise a “Great Reset” that amounts to a great leap forward into the socialist future, central bankers have advanced plans for implementing central…

“It’s Outrageous”: Bank Of America Flags $2 Billion In Potential Unemployment Fraud Spanning 640,000 Accounts

In September, we noted how California saw a staggering 72% decline in Pandemic Unemployment Assistance (PUA) applications after the state started cracking down on suspected scammers. Yet despite the state’s efforts, Bank of America on Monday estimated that fraud in California’s unemployment benefits system could total $2 billion across 640,000 accounts which have exhibited suspicious…

2021 Will Be A “Reality Check On Extend-And-Pretend” – Saxo Bank Unveils Its ‘Outrageous Predictions’ For The Year Ahead

Via Saxo Bank, Saxo Bank has today released its 10 Outrageous Predictions for 2021. The predictions focus on a series of unlikely but underappreciated events which, if they were to occur, could send shockwaves across financial markets: Amazon “buys” Cyprus Germany bails out France Blockchain tech kills fake news  China’s new digital currency inspires tectonic shift…

HSBC Slides Amid Outrage Bank Froze Accounts Of Exiled Hong Kong Legislator

European banks were hits on monday, with the Stoxx 600 Bank Index dropping 2% on Monday, the biggest decliner on the European sector leaderboard, dragged by banking giant HSBC whose shares fell 2.1%, the biggest drag on the index, as the UK-based bank was once again swept into Hong Kong’s turmoil after a former pro-democracy…

Central Bank Of Uzbekistan Introduces Parallel Currency: Gold

Submitted by Jan Nieuwenhuijs, the Gold Observer Since November 2020, the central bank of Uzbekistan (CBU) issues sealed gold bars with a QR-code for real time verification. With these new bars CBU aims to stimulate gold to be used as a store of value, as well as promote the circulation of gold. More and more…

Bank of America Issues A “Code Red” For Stocks

We already discussed how the current market euphoria levels have surpassed dot com levels, but what’s going now, the asset bubble blown by central banks, is absolutely staggering… and it’s only getting crazier. Consider that in just the past 4 weeks there has been a record $115BN inflows into stocks, a record $25BN into EM…

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