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The South Point Police Department are currently investigating a robbery at the U.S. Bank in South Point, Ohio. The bank is on 4th street, and people are being asked to stay clear of the area. The suspect is considered armed and dangerous, and the police believe that he has a handgun. The suspect is wearing a mask of the comic book and movie character Deadpool. The South Point Police Department are saying the suspect is a white male, weight around 200 pounds, and somewhere between 5'9" and 5'11". VIDEO AND PIC ON LINK

KYLE BASS: There's a 'ticking time bomb' in China Julia La Roche Feb. 10, 2016, 3:29 PM Hedge fund manager J. Kyle Bass, the founder of Dallas-based Hayman Capital, has a warning about a "ticking time bomb" in the Chinese banking system. Over the last ten years, China's banking system has grown from less than $3 trillion to $34 trillion, equivalent to around 340% of Chinese GDP. To put it in perspective, the US banking system had about $16.5 trillion of assets heading into the financial crisis, equivalent to 100% of US GDP. "Credit has never grown faster or larger...

One of the most surprising comments this year came from a closed session on fintech where I sat next to someone in policy circles who argued that we should move quickly to a cashless economy so that we could introduce negative rates well below 1% – as they were concerned that Larry Summers' secular stagnation was indeed playing out and we would be stuck with negative rates for a decade in Europe. They felt below (1.5)% depositors would start to hoard notes, leading to yet further complexities for monetary policy.

Deutsche Bank Trust Co. Americas ratcheted up its battle with Donald Trump, claiming the hard-charging developer personally owes it $40 million after defaulting on a $640 million construction loan for Trump International Hotel & Tower in Chicago. On Friday, Deutsche, the main lender on Trump's development alongside the Chicago River, filed suit against Trump in New York State Supreme Court in Manhattan.It is the second suit filed within a month over the high-profile project under way at 401 N. Wabash Ave., which at 92 stories has already become a dominant figure on Chicago's skyline.-snip-Steven Molo, an attorney representing Deutsche, declined...

HSBC bank cuts off services to Muslim charityMove against Islamic Relief is latest to affect Muslim groups in the UK but the bank denies motives are religious. Banking giant HSBC has stopped offering financial services to the charity Islamic Relief, which becomes the latest Muslim organisation to have its ties with the company cut. Islamic Relief UK was told by HSBC its activities in "high-risk jurisdictions" posed a challenge to the bank due to pressure from US authorities to deal with money laundering, according to a statement published on the charity's website on Monday.

Britain's leading anti-Israel organization has had its bank accounts closed, after it was revealed it may have been "inadvertently" funding Palestinian terrorism. The radical Palestine Solidarity Campaign (PSC) - which counts UK Labour Party leader Jeremy Corbyn as one of its patrons - was informed by the Co-operative Bank that its accounts were being closed due to the "high risk" destinations of its funds, many of which are donated to Hamas-linked agencies and other extremist groups in Gaza, Judea and Samaria. ...

1. The world’s easiest bank account to open When you are the bank, accounts are just so easy to open! With Bitcoin, you don’t need a bank or credit. No credit check, ID, age requirement, citizenship papers, or passport are needed to have a Bitcoin wallet or any bitcoin. If you control your money and bank account, you have true economic freedom. Bitcoin gives anyone this option. Your 10-year old child can forget piggy banks (unless it’s bitcoin-powered) and start their own digital empire today! Have your own Bitcoin address, QR code, receive your first deposit, and buy something with...

It’s been four years since a group of US Navy Seals assassinated Osama bin Laden in a night raid on a high-walled compound in Abbottabad, Pakistan. The killing was the high point of Obama’s first term, and a major factor in his re-election. The White House still maintains that the mission was an all-American affair, and that the senior generals of Pakistan’s army and Inter-Services Intelligence agency (ISI) were not told of the raid in advance. This is false, as are many other elements of the Obama administration’s account. The White House’s story might have been written by Lewis Carroll:...

Federal prosecutors on Thursday indicted former House speaker J. Dennis Hastert on charges of purposefully withdrawing less than $10,000 in order to evade... Violations: Title 18, United States Code, Section 1001(a)(2); Title 31, United States Code,Section 5324

Just a few hours ago Greek PM Tsipras addressed his nation imploring then to "remain calm" and reassuring them that their "deposits were safe." It appears the Greeks did not believe him. Many were wondering where the Greek bank lines were for the past several months. Turns out the local depositors were merely waiting until just after the last minute to withdraw their funds... horde gas... and stack food. Greece, it appears is Venezuela - the new socialist paradise. Keep Calm...

Greece banks to stay closed on Monday, Piraeus Bank chief says, after emergency meeting in Athens This breaking news story is being updated and more details will be published shortly

Can’t believe it… The timing here is just eerie, especially after what happened a few days ago… America’s most respected newspaper, The New York Times, just published an article titled: “When It’s a Crime to Withdraw Money From Your Bank.” The NYT article details how Federal lawyers (from Obama’s Federal Bureau of Investigation), are prosecuting a former Republican representative for withdrawing his own money from his own bank account. DEVELOPING: Senator: “go to the ATM machine… draw out everything it will let you take” The Republican politician, former Speaker of the House under President George H. Bush, now faces a...

Dennis Hastert has not been indicted on a charge of sexual abuse, nor has he been indicted on a charge of paying money he was not legally allowed to pay. The indictment of Mr. Hastert, a former House speaker, released last week, lays out two counts: taking money out of the bank the wrong way, and then lying to the F.B.I. about what he did with the money. Does that make sense? Conor Friedersdorf of The Atlantic, for example, is worried that the indictment constitutes government overreach, punishing Mr. Hastert for concealing payments whose disclosure he may have thought would...

As more money continues to flow into the pockets of Mexican drug cartels, traffickers need to maintain a solid network of places—often along the southwest border—where they can launder drug money. However, in an attempt to stymie these efforts, several major US banks have been closing numerous branches in the region and shutting down hundreds of customer accounts. According to a WSJ report, the Arizona border town of Nogales, population 21,000, is feeling the financial pinch most strongly. In the past several months, J.P. Morgan, Bank of America Corp. and Citigroup Inc.-owned Banamex USA have shut a total of four...

Former Speaker of the House Dennis Hastert was indicted Thursday by a federal grand jury in Chicago. The Illinois Republican, 73, is charged with trying to evade cash withdrawal requirements, and with lying to the FBI about it.

Thieves are stealing money from people's credit cards, bank and PayPal accounts -- by first tapping into their Starbucks mobile app. Starbucks (SBUX) on Wednesday acknowledged that criminals have been breaking into individual customer rewards accounts. The Starbucks app lets you pay at checkout with your phone. It can also reload Starbucks gift cards by automatically drawing funds from your bank account, credit card or PayPal. That's how criminals are siphoning money away from victims. They break into a victim's Starbucks account online, add a new gift card, transfer funds over -- and repeat the process every time the original...

Wells Fargo is accused of opening up accounts and credit cards in customers' names without their authorization. The complaint charges that bank employees opened new accounts for existing customers without their authorization, in order to meet sales quotas. The employees also allegedly transferred money from customers' authorized accounts to pay fees on the unauthorized accounts. When fees on unauthorized accounts went unpaid, some customers were placed into collection. Others had negative information placed on their credit reports as a result.

Amid Russia’s economic woes, billions of dollars continue to disappear in offshore havens. The net outflow of capital from Russia reached $32.6 billion during the first quarter of 2015, according to the nation’s Central Bank. The bank is now forecasting that capital flight may reach $131 billion by the end of the year. In reporting first quarter numbers, the Central Bank also upwardly revised the 2014 figure for net capital outflow to $154.1 billion from the previously reported $151.5 billion. That figure marks the highest annual total of capital flight since the Central Bank started tracking the trend back in...

CHISINAU, Moldova - Tens of thousands of Moldovans took to the streets on May 3 in the Moldovan capital of Chisinau to demand justice for a banking scandal that saw $1 billion vanish from three of the country’s biggest banks. They are calling for some political leaders in the ruling pro-European coalition to step down for their lack of action over the scandal and poor governance. The participants dispersed peacefully in the central square at midday, chanting slogans such as "Moldova is ours," "We are Moldova," and "The thieves must go to jail." Moldovans are looking for answers after $1...

Mike Bird March 31, 2015China's new development bank, which was announced just five months ago, is becoming a massive headache for the US. Try as it might, the US government can't convince its allies to stop joining the Asian Infrastructure Investment Bank (AIIB). The bank will be a bit like the World Bank, providing loans to developing countries in Asia for infrastructure projects. Unlike the World Bank, China will hold the reins of the AIIB. The US administration is publicly worried that the institution won't meet high governance standards, but really seems opposed to the move because it signals a...