Nigel Farage has warned there is a danger of the UK moving towards a “Chinese-style social credit system” after a dossier revealed his bank reportedly closed his account after deeming that his views did “not align with [their] values.” On Wednesday, former Brexit Party leader Nigel Farage released pages of documents in the Daily Mail…
Membership in Asian Infrastructure Bank Has No ‘Tangible Benefit’ for Canada, Says Former Executive
June 21, 2023
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Asian Infrastructure Investment BankbankBob PickardCanadaChinaChina NewsChinese RegimeChrystia FreelandWorld
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The former director general of global communications for the Asian Infrastructure Investment Bank (AIIB) said Canada’s membership in the AIIB is inconsistent with its values and does not benefit the country. “I didn’t find a single tangible benefit to communicate back home here to Canada of what this bank does that is consistent with our…
NYC Commission Votes to Freeze Municipal Deposits at Capital One, KeyBank
New York City’s banking commission voted Thursday to freeze new deposits at Capital One Bank and KeyBank, saying that the banks failed to submit a plan detailing steps they’re taking to “root out discrimination” in their operation. The 3-0 vote by the commission, consisting of New York Mayor Eric Adams, Comptroller Brad Lander, and Commissioner…
Stock Market Today: Wall Street Sinks as Bank Fears Flare
NEW YORK—Stocks sank on Wall Street Thursday as worries cranked higher about a cracking U.S. banking system. The S&P 500 fell 0.7 percent to add to its loss for the week so far. The Dow Jones Industrial Average dropped 286 points, or 0.9 percent, and is now down for the year, while the Nasdaq composite…
Stock Market Today: Wall Street Drops as Banks Tumble Again
NEW YORK—Stocks slumped Tuesday after shares of beleaguered banks tumbled again and worries worsened about the economy. Rising fear sent yields sinking in the bond market, while Wall Street waited for the Federal Reserve’s latest move on interest rates and Washington edges closer to what would be a catastrophic default on U.S. government debt. The…
US Government Scrambling to Find Solution to Rescue First Republic Bank
U.S. regulators asked large banks to submit their takeover bids for First Republic Bank (NYSE: FRC) over the weekend, in an effort to rescue the troubled bank. The Federal Deposit Insurance Corp. (FDIC) reportedly held an auction, asking multiple banks to solicit bids for FRC before an afternoon deadline on April 30. As of press time, no…
US Lawmakers Went on Bank Stock-Selling Spree Amid Banking Crisis
Dozens of members of Congress and their close relatives continued to sell off banking stocks amid the extreme financial turbulence in March prompted by the collapse of Silicon Valley Bank (SVB), according to an analysis by Capitol Trades. Many of the selloffs came at the same time as some of the lawmakers were actively meeting with banking…
Taxpayers Will Pay for the Banking Bailout
When Silicon Valley Bank (SVB) collapsed on March 10, many were afraid the collapse would cause a bank run. The general public was scared. On the surface, it looked like a lot of innocent people were going to lose money. Ninety-four percent of SVB’s deposits were uninsured, meaning that 94 percent of SVB’s deposits were…
What We Know About Victims of the Louisville Bank Shooting
April 11, 2023
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bankCrime and IncidentsKentuckyLouisvillePublic SafetyRegional & State NewsshootingState NewsUSUS News
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LOUISVILLE, Ky.—Tributes were growing Monday for the five people slain in a shooting at a Louisville bank, with friends sharing details of their lives and mourners gathering at vigils. Details were also emerging about some of the wounded, including a rookie officer who was just recently sworn in. Louisville’s former Mayor Greg Fischer said he’d…
LIVE NOW: Police Give Updates on Bank Shooting in Louisville, Kentucky
The Louisville Metro Police Department gives an update at 11:30 a.m. ET on April 11 on the April 10 shooting at a bank in downtown Louisville, Kentucky, that resulted in 5 deaths. Courtesy of Louisville Metro TV …
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