Commentary Amajor leader of the Brexit movement, Nigel Farage, has just had his decades-old bank accounts closed, allegedly for “commercial” reasons, while seven additional banks have apparently refused to have him as a customer. Until we have independent evidence of what is really going on with Farage’s accounts, we cannot definitively rule out the possibility that…
Central Banks Are Increasingly Interested in CBDCs, Says BIS Survey
July 12, 2023
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At least 93 percent of central banks are already researching the implementation of central bank digital currencies (CBCD), according to a recent survey. Twenty-four central banks in emerging and in advanced economies are expected to have digital currencies in circulation by 2030, the Bank for International Settlements (BIS) said in a survey published on July…
Defence Companies Are Being Denied Banking Services, Minister Says
Banks have been denying services to defence companies over environmental, social, and, governance (ESG) factors, a defence minister said. It comes amid ongoing suspicion that banks have been closing customers’ accounts over their political exposure or views. James Cartlidge, minister for defence procurement, said the Ministry of Defence (MoD) has launched an investigation into the impact…
Peers Say Their Children Face Difficulties Getting Bank Accounts Over Parents’ Job
A number of peers have said their children were either denied a bank account or ran into trouble because of their parents’ political career. It comes after broadcaster and former Brexit Party leader Nigel Farage said his bank was shutting down his account and that he was denied an account by six or seven other…
JPMorgan CEO Proposes Solution to the Ongoing Banking Crisis
Jamie Dimon, the CEO of JPMorgan Chase & Co., proposed a plan to end the turmoil in the banking industry, one that would involve government intervention. Still, the banker expressed concerns that policymakers will take away the wrong lessons from the current upheaval. “I think it’s going to get worse for banks—more regulations, more rules,…
JPMorgan CEO Proposes Solution to Ongoing Banking Crisis
Jamie Dimon, the CEO of JPMorgan Chase & Co., proposed a plan to end the turmoil in the banking industry, one that would involve government intervention. Still, the banker expressed concerns that policymakers will take away the wrong lessons from the current upheaval. “I think it’s going to get worse for banks—more regulations, more rules,…
Regulators Will Need to Intervene in Banking Crisis, JPMorgan CEO Says
JPMorgan Chase CEO Jamie Dimon has proposed a plan to end the turmoil in the banking industry, one that would involve government intervention. Still, the banker expressed concerns that policymakers will take away the wrong lessons from the current upheaval. “I think it’s going to get worse for banks—more regulations, more rules, and more requirements,’’…
Tucker’s Fox News Exit a Win for Conservatives: Carol Swain
What are the consequences of Tucker Carlson’s departure from Fox News, and for who? And what impact might it have on the 2024 election? We hear from retired Vanderbilt professor Carol Swain. Does the FBI have documents that support allegations of prior criminal misconduct by President Joe Biden? Two top Republicans say they do and are…
If Investors Almost Never Know, Why Would Fed Officials Ever Know?
Commentary On April 13, CNN’s business site blasted out the headline “banking is sound.” Who uttered those words? No less than Lael Brainard, former vice chair of the Federal Reserve and presently director of President Biden’s National Economic Council (NEC). CNN flattered Brainard. Really, what else was she going to say? The above question isn’t a trick one, and…
Social Media Catalyzed Recent Bank Failures, Paper Says
“Social media fueled a bank run on Silicon Valley Bank (SVB), and the effects were felt broadly in the U.S. banking industry,” reads the first line of an academic paper discussing the role of social media in last month’s collapse of tech bank SVB. The study, led by J. Anthony Cookson of the University of…
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