Buffalo man admits to defrauding banks of nearly $500,000
BUFFALO, N.Y. — A former Buffalo resident pleaded guilty on Tuesday to orchestrating a scheme that defrauded two banks out of nearly half a million dollars. Joshua Parra, 32, who now lives…
FDIC To Slap Banks With New Fees To Cover Bailout Losses: REPORT
FDIC To Slap Banks With New Fees To Cover Bailout Losses: REPORT Jason Cohen on May 5, 2023 The Federal Deposit Insurance Corporation (FDIC) plans to release a proposal to replenish funds…
‘You Should Be Worried’: Fox Business Reporter Warns That Over A Dozen Regional Banks Are ‘Very Impaired’
‘You Should Be Worried’: Fox Business Reporter Warns That Over A Dozen Regional Banks Are ‘Very Impaired’ Harold Hutchison on May 4, 2023 Fox Business reporter Charlie Gasparino said Thursday that multiple…
Major Bank’s Stock Continues Crashing As It Begs Fed For Aid To Avoid Collapse
Major Bank’s Stock Continues Crashing As It Begs Fed For Aid To Avoid Collapse Jason Cohen on April 26, 2023 First Republic Bank’s stock price plunged more than 20% on Wednesday morning, following…
Banks Launch Fewest ‘Green’ Funds In Three Years
Banks Launch Fewest ‘Green’ Funds In Three Years John Hugh DeMastri on April 25, 2023 Launches of new funds focused on environmental, social and corporate governance (ESG) goals hit their lowest level…
Major Bank’s Stock Tumbles Over 25% After Disastrous Earnings Report
Major Bank’s Stock Tumbles Over 25% After Disastrous Earnings Report Jason Cohen on April 25, 2023 First Republic Bank’s stock price fell over 25% as of midday Tuesday following a Monday earnings…
Big Banks Win Big After Financial Sector’s Chaotic Start To The Year
Big Banks Win Big After Financial Sector’s Chaotic Start To The Year Jason Cohen on April 17, 2023 Some of the largest financial institutions posted positive earnings despite bank turmoil during the…
Big Banks Raking In Billions Following Federal Bailouts As Smaller Banks Suffer
Big Banks Raking In Billions Following Federal Bailouts As Smaller Banks Suffer Jason Cohen on March 30, 2023 Bank customers moved billions of dollars in deposits from smaller institutions to larger ones…
Biden Says US Banks Are ‘In Pretty Good Shape,’ Americans’ Savings Are ‘Secure’
Biden Says US Banks Are ‘In Pretty Good Shape,’ Americans’ Savings Are ‘Secure’ Harold Hutchison on March 24, 2023 President Joe Biden claimed Friday that American banks were “in pretty good shape”…
After Collecting Millions From Wall Street, Janet Yellen Now Helps Decide Which Banks Get Bailouts
After Collecting Millions From Wall Street, Janet Yellen Now Helps Decide Which Banks Get Bailouts Jason Cohen on March 20, 2023 After raking in over $7 million in speaking fees from financial…
Janet Yellen’s Policy Would Destroy Small US Banks While Bailing Out Chinese Depositors, Experts Say
Janet Yellen’s Policy Would Destroy Small US Banks While Bailing Out Chinese Depositors, Experts Say Jason Cohen on March 17, 2023 Treasury Secretary Janet Yellen stated during her testimony at a Senate…
Shark Tank Star Questions The Need For ‘Tiny Regional Banks’
Shark Tank Star Questions The Need For ‘Tiny Regional Banks’ Harold Hutchison on March 16, 2023 Canadian businessman Kevin O’Leary told Fox News host Tucker Carlson Thursday that regional banks are unnecessary…
Goldman Sachs Due For A Huge Profit Off Other Bank’s Failure
Jason Cohen on March 15, 2023 NEW YORK, NY – Goldman Sachs, one of the largest U.S. investment banks with strong political ties, is likely to gain a massive profit following their…
DENNIS PRAGER: Banks Go Bust When Activism Comes Before Business
DENNIS PRAGER: Banks Go Bust When Activism Comes Before Business Dennis Prager on March 14, 2023 The primary concern of the people who ran the Silicon Valley Bank (SVB) — the bank…
Former Treasury Official Says US Banks On Verge Of ‘Nationalization’
Former Treasury Official Says US Banks On Verge Of ‘Nationalization’ Harold Hutchison on March 14, 2023 A former Treasury Department official said Tuesday that American banks were on the verge of being…
Here’s How The Average American Could End Up Footing The Bill For Silicon Valley Bank’s Collapse
Here’s How The Average American Could End Up Footing The Bill For Silicon Valley Bank’s Collapse Jason Cohen on March 13, 2023 The Biden administration stated in their Bank Term Funding Program…
STEVE HANKE And CALEB HOFMANN: Banks Have Now Become Gov’t-Backed Businesses — Just Look At Silicon Valley Bank
STEVE HANKE And CALEB HOFMANN: Banks Have Now Become Gov’t-Backed Businesses — Just Look At Silicon Valley Bank Steve Hanke And Caleb Hofmann on March 13, 2023 Nobelist and high priest of…
Tucker Carlson Wonders What The Federal Gov’t Will Get In Return For ‘Backstopping’ Deposits At Failed Banks
Tucker Carlson Wonders What The Federal Gov’t Will Get In Return For ‘Backstopping’ Deposits At Failed Banks Harold Hutchison on March 13, 2023 Fox News host Tucker Carlson questioned what the federal…
‘Corporate Bailouts Must End’: 2024 GOP Candidates Weigh In On Silicon Valley Bank’s Collapse
‘Corporate Bailouts Must End’: 2024 GOP Candidates Weigh In On Silicon Valley Bank’s Collapse Mary Lou Masters on March 13, 2023 The collapse of Silicon Valley Bank (SVB) has sparked comments from…
Major Banks Bend The Knee To Climate Activists, Accelerate Plans To Cut Coal Investments
Major Banks Bend The Knee To Climate Activists, Accelerate Plans To Cut Coal Investments John Hugh DeMastri on March 4, 2023 Both U.S.-based bank Citi and German Deutsche Bank announced plans to…
Essex County Man Indicted in Scheme to Steal Checks and Defraud Banks
NEWARK, N.J. – An Essex County, New Jersey, man was charged for his role in a scheme to steal and alter checks from the mail and fraudulently obtain funds from banks by…