Tag Archives: bank

The State of Banks

What will China do if they experience a banking crisis? The normal course of action would be to raise cash/assets to cover their losses. What will the United States do if China calls in their US Treasurys? David DeGerolamo Top … Continue reading

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China’s Bad Loan Giant Awakes

In the aftermath of the record cash crunch in the Chinese interbank market, many financial institutions in China and abroad have been hoping that the PBOC would either end its stance of aloof detachment or at least break its vow … Continue reading

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Europe strikes deal to push cost of bank failure on investors

The European Union agreed on Thursday to force investors and wealthy savers to share the costs of future bank failures, moving closer to drawing a line under years of taxpayer-funded bailouts that have prompted public outrage. After seven hours of … Continue reading

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Chinese Banks Stop Lending Due To Liquidity Freeze

If one thought the schizophrenic lies out of Europe between 2010 and 2013 were bad enough (the bulk of which it now appears were orchestrated by Mario Draghi), here comes China, a country which already has a “credibility” issue so … Continue reading

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SWITZERLAND REVISES 1934 BANKING ACT TO ALLOW BAIL-IN DEPOSIT CONFISCATIONS!

The Swiss document begins by advising that the FINMA now has legal authority to confiscate depositor funds, thanks to a revision of the Banking Act of 1934, completed in 2011, as well as the revision of the Bank Insolvency Ordinance completed Nov … Continue reading

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Dr. William Black, The US Banking System is Absolutely Primed for the Next Meltdown

From YouTube: http://usawatchdog.com/felons-in-char… – Dr. William Black predicts, “The U.S. banking system is absolutely primed for the next meltdown. Dr. Black and others think, “There is pervasive fraud at the most reputable banks. . . . The U.S. financial system is … Continue reading

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Cyprus blocked accounts of Russian government officials. The situation is developing in the most negative scenario

Dmitry Medvedev said that the amount of so-called “gray deposits” Russians in Cyprus banks are exaggerated, and that in Cyprus running “a large number of government agencies,” the Russian Federation, “as it is convenient for the jurisdiction of the transaction.” According … Continue reading

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Nigel Farage: EU wants to steal money from Cypriots bank accounts

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It is Spreading

National planning Cyprus-style solution for New Zealand Tuesday, 19 March 2013, 11:32 am National planning Cyprus-style solution for New Zealand. The National Government are pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose … Continue reading

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Shock in Cyprus over bailout levy on bank deposits

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Biderman’s Daily Edge 6/6/2012: End Game Nearing for European Banks

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