Category: Banks

Banks Saw Coronavirus Threat Coming as Dems Pushed Impeachment
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Banks Saw Coronavirus Threat Coming as Dems Pushed Impeachment

As his House Democrat colleagues were arguing to the Senate why President Trump should be impeached, Rep. Jim Banks (R-IN) was watching with alarm tweets coming in from overseas about the coronavirus. On January 31, in the midst of the impeachment trial, Banks compared the spread of the coronavirus to the Spanish flu. Banks tweeted:…

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‘The Banks Are Broke’: This Viral Video From 2013 Is More Relevant Than Ever
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‘The Banks Are Broke’: This Viral Video From 2013 Is More Relevant Than Ever

“All the Banks Are Broke,” and they’ve only got worse. Quantitative easing forever? The threat of cryptocurrencies will disrupt the financial sector.  A video from 2013 depicting a European minister’s tirade against the global banking system has recently re-emerged and gone viral. Gaining massive traction within the crypto community, the speech is now more relevant…

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How Central Banks Turned Hedge Funds into A New Recession Risk
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How Central Banks Turned Hedge Funds into A New Recession Risk

Low central bank interest rates are turning hedge funds into a systemic recession risk, say the IMF and European Central Bank. Low bond yields are driving investors into riskier assets. A selloff could spillover and wreak havoc on the broader economy. Holes in regulations on the banking sector after the 2008 financial crisis are also…

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Is This Bank’s Blockchain-Powered Crypto Wallet a Game Changer?
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Is This Bank’s Blockchain-Powered Crypto Wallet a Game Changer?

Bank of America is creeping into the crypto space and has filed a patent application for a blockchain crypto wallet. | Source: ShutterstockBy CCN Markets: Bank of America (BofA) continues its steady creep into the crypto world, filing another blockchain-related patent application. This new one is particularly interesting because it’s for a crypto wallet.CCN discussed…

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Fearful Banks Show Negative Bias Toward Crypto Investors
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Fearful Banks Show Negative Bias Toward Crypto Investors

Banks are afraid of bitcoin and some of them are responding in a way that’s driving customers away. On July 18, founder and partner at Morgan Creek Digital Anthony Pompliano shared on Twitter an epic email from a disgruntled client that was sent to the CEO of the Royal Bank of Canada (RBC). The letter…

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