Even before the DOJ issued a $14 billion fine against the German financial juggernaut known as Deutsche Bank, the institution was already on life support with an estimated $17.5 billion in assets, and a whopping […]
On Sept. 23, the FDIC closed down their fifth bank for 2016 as Allied Bank shuttered its doors. This institution is the first bank failure for the month of September, and the first Arkansas bank closure […]
So… what would you do if you are one of the two countries that have been put under the Damocles Sword of dollar based economic sanctions in the past decade? You can A. - Impose […]
In a new revelation that should not have been surprising to anyone, Goldman Sachs was discovered to have taken money from depositors and used it to make speculative bets in the markets to try to […]
On Sept. 5, officials in Iran reported that they will be opening up two new banks in Munich, Germany with the purpose of getting a foothold in Europe’s financial arena so that by the end […]
On Aug. 19, the FDIC closed down their fourth bank for 2016 as The Woodbury Banking Company shuttered its doors. This institution is the first bank failure in over three months, with First Cornerstone Bank being […]
Blockchain technology is a revolutionary advent which has opened the door for a return to peer-to-peer transacting after decades of centralized control. In fact, besides the most well known use of the blockchain through the […]
An interesting thing happened along the way to insolvency for major banks dependent more upon zero interest rate borrowing from the Fed than from everyday depositors. And that being, the banks now desperately want your […]
On May 6, the FDIC closed down their third bank for 2016 as First Cornerstone Bank shuttered its doors. This institution is the second bank failure in the past two weeks, with Trust Company Bank being closed […]
On April 29, the FDIC closed down is second bank for 2016 as Trust Company Bank shuttered its doors. This institution is the second bank failure in the past two months, with North Milwaukee State Bank being […]
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