Category: big banks

Bipartisan Bill Seeks to Crack Down on Big Banks’ Presence of Federal Reserve Board

May 18, 2023
big banksBusiness & MarketsCompaniescongresseconomic policieseconomyFederal Reserve boardsPoliticsUS
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Two senators have proposed a bipartisan bill to curb big banks’ presence on the boards of regional Federal Reserve banks in a bid to eliminate conflicts of interest and bolster central bank accountability. “I’ve got an idea–a bipartisan idea–that I’m introducing with Senator Rick Scott today: get the big bankers off the Reserve Banks boards…

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American Banks Prepare for Decline in Profits, 17 Percent Drop Predicted for Top Six Banks in the Fourth Quarter

January 10, 2023
Bank of Americabig banksBusiness & MarketsCitibankCompanieseconomic recessioneconomyGoldman Sachsjp morgan chaseMorgan StanleyrecessionUSWells Fargo
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Big banks in the United States are getting ready to deal with shrinking profits due to factors like an overall difficult economic environment, despite the fact that interest incomes have risen over the past year. JP Morgan Chase, Citigroup, Bank of America, Wells Fargo, Goldman Sachs, and Morgan Stanley are the six largest lenders in…

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Lawmakers Question Big Banks Over Wokism; Facebook to Restore Trump’s Account? | NTD Business

September 22, 2022
big banksEpochTVFacebook banLive VideosNTD BusinessVenezuelan economyVideo
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Scrutinizing the country’s biggest banks, lawmakers question executives over how woke ideology is affecting their industry. Facebook is deciding whether to restore former President Donald Trump’s account. What does it come down to? Are there similarities between the inflation here in the United States and in Venezuela? A Venezuelan economist shares his personal experience and…

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Green Energy Credits are Currently a Tax Shelter for Wall Street Banks

August 12, 2022
big banksSocial Issuestax creditstax shelterUSUS News
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Tax credits have been a go-to move for the U.S. government to incentivize renewable energy project developers for years. Yet substantial profits are ending up in the pockets of the corporate banking industry. As of last year, the renewable tax equity market represents a $20 billion industry for big banks. The timing is auspicious for financial lenders…

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Mortgage Rates Remain High as Big Banks Anticipate Recession

August 4, 2022
big banksBusiness & MarketsCanadaCompaniesGlobal Real EstateinflationMarketsmortgagemortgage rateoligopolyreal estaterecessionUS Real EstateWorld
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News Analysis Canada’s big banks dominate the mortgage market and aren’t helping homebuyers and housing affordability with lower mortgage rates for the time being. Analysts point to the banking oligopoly in Canada as a major factor in the lack of competitive options for consumers as compared with the United States.  Like other industries, the big…

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