Free Republic

CHARLOTTE, N.C. — If you're systematically stealing money from a bank vault, it may not be a good idea to post the evidence on your social media pages. A bank employee in Charlotte, North Carolina, allegedly stole $88,000 from the bank's vault, according to a release from the United States Attorney's Office, Western District of North Carolina. And he wasn't bashful about advertising to his social media followers the life of luxury he was funding. The release said a criminal indictment was unsealed this week in federal court after the arrest of Arlando Henderson, 29, by the FBI in San...

The Chinese communist regime is heading towards disintegration and the West needs to be prepared to manage the fallout, according to a leading China scholar. Arthur Waldron, China historian and Lauder Professor of International Relations in the Department of History at the University of Pennsylvania, made the remarks in a recent interview on The Epoch TimesÂ’ American Thought Leaders. He shared his views on the Chinese Communist PartyÂ’s (CCP) imminent collapse, U.S. foreign policy on China, and the relentless Hong Kong protests that have posed a major challenge to BeijingÂ’s rule. CCPÂ’s Disintegration The CCP has started on a path...

In October Cuba’s communist government said citizens could open bank accounts that receive dollars, yen, euros and other European currencies. They will be able to use the money to buy imported goods from new state-owned shops, called Tiendas Moneda Libremente Convertible (or convertible-currency shops), where prices are given in dollars. More than 70 are planned. This ends a ban on dollar transactions introduced in 2004.

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, December 5, 2019 Russian National Charged with Decade-Long Series of Hacking and Bank Fraud Offenses Resulting in Tens of Millions in Losses and Second Russian National Charged with Involvement in Deployment of “Bugat” Malware Reward of up to $5 Million Offered for Information Leading to Arrest or Conviction The United States of America, through its Departments of Justice and State, and the United Kingdom, through its National Crime Agency (NCA), today announced the unsealing of criminal charges in Pittsburgh, Pennsylvania, and Lincoln, Nebraska, against Maksim V. Yakubets, aka...

Rep. Jennifer Wexton, D-10th, wants banks and credit card companies to flag purchases that could signal a person is preparing to carry out a mass shooting, a solution she said could circumvent the usual partisan debate on gun violence. She introduced a bill that would direct an agency of the Treasury Department to figure out how to track buying patterns the same way the government looks for behavior indicative of money laundering, fentanyl trafficking and human smuggling.

A group of Democratic senators, half of whom currently running for president, are supporting a new bill that would direct the Federal Reserve to formally factor climate-change risks into its oversight of large financial firms. Sen. Brian Schatz, (D., Hawaii) announced on Wednesday that he was joining with nine other Democrat senators on the legislation—including presidential hopefuls Sens. Elizabeth Warren (D., Mass.), Michael Bennet (D., Colo.), Cory Booker (D., N.J.), Amy Klobuchar (D., Minn.) and Kamala Harris (D., -Calif.). Rep. Sean Casten (D., Ill.) has introduced a companion bill in the House of Representatives. The bill, if passed, directs the...

Part One: The Banking Houses of Morgan and Rockefeller [VIDEO] The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch. According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.[1] So who then are the...

Former Vice President Joe Biden bills himself as one of the regular guys and gals, but as a Democratic Senator from Delaware, he cozied up to credit card executives while championing their cause in Congress, making it tougher for average Americans to file for bankruptcy. “Joe Biden pretends that he’s middle-class Joe, and in reality he’s corporate Joe,” Adam Levitin, a law professor at Georgetown University who specializes in bankruptcy, commercial law, and financial regulation, told the Washington Examiner. Biden was a key architect of and whip for the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act, which made it...

https://twitter.com/freeHKer/status/1180810938548547584 "China banks are running out of cash in HKD and USD. Maximum withdrawal limit drop from USD1300 to USD38. A drop of 34 times. China financial doom day coming. @Jkylebass @GordonGChang @robert_spalding

Lenders thought it was time to shrink their mortgage businesses. Now they’re finding they were wrong. With rates for home loans sinking to their lowest levels since late 2016, Wells Fargo & Co., the biggest mortgage lender in the U.S., has boosted staffing for the business by about 10% this year and plans to keep hiring. Bank of America Corp. is hiring in areas including sales, processing, and underwriting. The mortgage industry has added almost 5,000 employees since March, a 1.5% gain, according to the Bureau of Labor Statistics. It’s a stark reversal from a year ago, when the Federal...

Michigan on Monday approved a charter for the new financial institution designed for LGBT customers

Having destroyed discipline, central banks have no way out of the corner they've painted us into. It was such a wonderful fantasy: just give a handful of bankers, financiers and corporations trillions of dollars at near-zero rates of interest, and this flood of credit and cash into the apex of the wealth-power pyramid would magically generate a new round of investments in productivity-improving infrastructure and equipment, which would trickle down to the masses in the form of higher wages, enabling the masses to borrow and spend more on consumption, powering the Nirvana of modern economics: a self-sustaining, self-reinforcing expansion of...

A political guerrilla warfare tactic used by the Left doesn’t get the media coverage it should.  While the complicit media sleeps, the anti-gun industry liberal shareholder activists are engaging in a form of domestic terror that has banks and credit card companies altering their policies about who to do business with.  Recall the code name Operation Choke Point.  This was described as “a plot by President Obama’s Department of Justice, the Federal Deposit Insurance Commission, the Consumer Financial Protection Bureau, and other government agencies to cut off banking and financial services for small businesses and industries that they deemed to...

During Wednesday's Financial Services hearing in the House, Congressman Sean Duffy (R-Wisc.) steered the conversation with Rodgers away from SunTrust's potential merger with BB&T to the company's obvious intolerance for legal immigration. "If we have private detention centers that are caring for children, or detaining individuals who [might not be] following American law -- you say, 'I'm not going to bank [with] them.' Is that fair?" Duffy pressed. When Rogers tried to defend SunTrust, saying it "considers a variety of factors..." Duffy interrupted him and asked again, "Is it fair?" Without waiting for an answer, he pushed Rodgers on whether...

Germany's biggest lender is rapidly slashing jobs, it's losing a ton of money and the stock is trading near all-time lows. Many of Deutsche Bank's problems are self-inflicted. It's been badly mismanaged. Deutsche Bank (DB) never fully cleaned up its crisis-era balance sheet. Restructuring efforts fell short. And its countless legal black eyes haven't helped matters. But Deutsche Bank's struggles have also been amplified by something the 149-year-old lender never imagined, mostly because it had never happened before in modern history: negative interest rates. In 2014, the European Central Bank wanted to boost the sluggish economy but interest rates were...

Money supply has a mixed history. Originally, wealth was measured in precious metals of gold, silver, or copper. Exodus 25:3 "And this is the offering which ye shall take of them; gold, and silver, and copper." Items of gold, silver, or copper had to be weighed. A "shekel" was a fixed unit of weight. Shekels were placed on one side of a scale and on the other side were placed the items of gold, silver, or copper to be weighed. The Bible admonished not cheat, Deuteronomy 25:13 "Do not have two differing weights in your bag -- one heavy, one...

SunTrust Banks Inc said on Monday it will no longer provide future financing to companies that manage private prisons and immigration holding facilities. "This decision was made after extensive consideration of the views of our stakeholders on this deeply complex issue," the company said in a statement.

President Trump took aim at the Federal Reserve on Saturday, labeling it the “most difficult problem” the U.S. faces and again criticizing the independent central bank for raising interest rates. “Strong jobs report, low inflation, and other countries around the world doing anything possible to take advantage of the United States, knowing that our Federal Reserve doesn’t have a clue!” Trump tweeted late Friday night. “They raised rates too soon, too often, & tightened, while others did just the opposite.” “As well as we are doing from the day after the great Election, when the Market shot right up, it...

China’s central bank said on Sunday that it would offer liquidity to Inner Mongolia-based Baoshang Bank, which the country’s financial regulators have said they would take over due to the serious credit risks it poses. The People’s Bank of China (PBOC) also said in a statement that it and the China Banking and Insurance Regulatory Commission (CBIRC) would give more policy support to improve small- and mid-sized banks’ corporate governance. Baoshang Bank came to prominence after its key stakeholder Tomorrow Holdings was targeted in a government crackdown on systemic risks posed by financial conglomerates. The rare takeover, the first in...

Wells Fargo and TD Bank have turned over President Trump’s financial records to the House Financial Services Committee, Fox News confirmed on Thursday, amid a contentious legal battle between the Trump administration and congressional Democrats seeking access to sensitive files. The committee, led by Chairwoman Maxine Waters, D-Calif., is one of several panels that have issued subpoenas and requests for Trump’s financial files.