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A Florida bank announced on Thursday that they have closed President Donald Trump’s bank accounts. Trump’s money-market accounts at Banks United held between $5.1 million and $25.2 million, according to his financial disclosures. We no longer have any depository relationship with him,” Banks United told the Washington Post. Professional Bank also announced that they will no longer be doing business with the former president or his organizations in a statement last week. Additionally, Signature Bank in New York and Deutsche Bank have also said that they have cut ties with Trump and his businesses. “Signature Bank notably took a strong...

Baron Benjamin de Rothschild, president of the family holding Edmond de Rothschild Holding SA which oversees the Franco-Swiss financial group Edmond de Rothschild Group, died on Friday at the age of 57, his family told AFP on Saturday. “Ariane de Rothschild and her daughters are extremely sad to announce the death of their husband and father, Benjamin de Rothschild following a heart attack at the family home of Pregny (GE) in the afternoon of January 15, 2021, ”the family said in a statement. The Franco-Swiss group, headquartered in Geneva, specializes in private banking and asset management and has no connection...

Deutsche Bank AG has reportedly decided to cut ties with President Donald Trump as well as his private companies following the unrest at Capitol Hill last week. The German lender has been joined by the New York-based Signature Bank, which also announced that it would be ending its business relationship with the President.

Deutsche Bank AG is to sever all ties with President Trump and the Trump organization according to a source with knowledge of the sudden business decision. But the bank will still be forced to deal with the Trump family and their employee for some time to come with outstanding loans of more than $300 million yet to be repaid. The decision by the German bank follows a glut of social media companies and other firms who are suspending links with the president following last week's rally to the Capitol which left five people dead in the mayhem and aftermath.

More big businesses continued a boycott on Sunday of Republican members of Congress who followed Donald Trump's demands and voted to overturn the election. JPMorgan Chase said that it will pause all contributions from its political action committee for at least the next six months, saying 'the focus of business leaders, political leaders, civic leaders right now should be on governing and getting help to those who desperately need it most right now. There will be plenty of time for campaigning later.' U.S. digital payments company Stripe is to also stop processing payments for Trump's campaign website following the riot,...

A new white paper from the globalist International Monetary Fund (IMF) is calling for dissidents to have their credit score lowered if they view websites that are arbitrarily deemed to be harmful. The plan is outlined in a blog written by Arnoud Boot, Peter Hoffmann, Luc Laeven and Lev Ratnovski. They are pitching the Orwellian notion as a breakthrough in financial technology (Fintech). “Recent research documents that, once powered by artificial intelligence and machine learning, these alternative data sources are often superior than traditional credit assessment methods,” they wrote, claiming that “the type of browser and hardware used to access...

I think it is safe to say that 2020, so far, has been a tumultuous year. I think it is also safe to say that many globalists view these tumultuous times as an opportunity to enact vast public policy changes that would upend the current world order. Exhibit A of my premise: The Great Reset. At this point, you may be thinking, “What is the Great Reset?” Well, where do we begin? For starters, let us venture to the origin of the Great Reset: The World Economic Forum (WEF). According to the WEF, “There is an urgent need for global...

WASHINGTON - A climate advocacy group comprised of high-profile backers of Democratic presidential candidate Joe Biden on Tuesday urged the former vice president to consider using U.S. financial regulation as a tool to fight global warming if he is elected. Evergreen Action, a group of former staffers of Washington Governor Jay Inslee and Senator Elizabeth Warren who have advised the Biden campaign on a range of issues, handed the campaign a policy memo detailing how he could use the U.S. financial system to counter climate change within his first 100 days in office if he defeats Republican President Donald Trump....

CHARLOTTE, N.C. (FOX 46 CHARLOTTE)- Charlotte could be facing a big blow to the banking industry. Wells Fargo is expected to announce major layoffs across the board on Tuesday. Thousands across the entire company could get the pink slip and bank insiders tell WJZY that many of those cuts will happen in the Queen City. More than 27,000 people in the Charlotte area work for Wells Fargo. It’s the city’s second largest employer. In July, the bank’s chief executive said it may need to cut expenses by more than $10 billion as it restructures away from a retail bank.

The coronavirus crisis presents an opportunity for a “new kind of capitalism” and “great reset” of global economies, politics, and societies, according to World Economic Forum (WEF) founder and executive chairman Klaus Schwab. Schwab claims neo-liberalism is dead and with it traditional notions of economic capitalism. In their place is a set of “Stakeholder Capitalism Metrics” the WEF says enables the world to progress under one set of overarching rules as drawn up by it, with “social justice” a key component of this brave new world. He foresees the coronavirus crisis as too good an opportunity not to “re-evaluate sacred...

In early 1973, as Joe Biden was settling into his new job in Washington, DC, Ralph Nader published a deconstruction of what made the freshman Democratic senator’s state of Delaware, the most anodyne of states, so exceptional. The answer, The Company State explained, had to do with the unique relationship between government and commerce: Delaware was less a democracy than a fiefdom, contorting its laws to meet the demands of its corporate lords. Preeminent among them was the chemical giant DuPont. Nader took readers to Rodney Square, in the heart of Wilmington. There was the ritzy Hotel du Pont, housed...

Modern banking has its auspicious beginnings in the early to mid Middle Ages. Primitive banking transactions existed before, but until the economic revival of the thirteenth century they were limited in scope and occurrence. By the dawn of the twelfth and thirteenth centuries, bankers were grouped into three distinct categories: the pawnbrokers, the moneychangers, and the merchant bankers. But with these economic specializations came religious denunciation and backlash. However, these bankers persevered and a new industry was born. After the collapse of the Roman Empire in the late fifth century, there followed centuries of deep economic depression, sharp deflation of...

Donald Trump is not the first president to face down a deep-state cabal, that is, an unelected oligarchy of shadowy figures who wielded enormous power while being unaccountable to the American public. The first was President Andrew Jackson, who faced down the Bank of the United States in the 1820s and 1830s; then as now, the deep state has apparently included a significant financial element. Trump’s top economic aide Lawrence Kudlow said it last October: “I don’t want to get into a lot of Fed bashing,” but “their models are highly flawed. The deep state board staff, of course, has...

Netflix is pledging $100 million to support black-owned banks, the company announced Tuesday. The streaming video giant announced that it would shift 2 percent of its cash holdings to African American-owned US financial institutions in order to “directly support Black communities in the US.”

The worst part about spending $6 trillion or more on coronavirus recovery isn't what's in it. The worst part is what happens if it doesn't destroy us. (snip) --- The issue of our constitutional rights being suppressed is a huge one, but it’s not the biggest. I know what you’re thinking… “How can you say it’s not the biggest?!?!?!” Don’t get me wrong. It’s definitely huge. But it’s not nearly as destructive to the United States of America as the little-known consequence of all of these bailout bills, including the proposed $3 trillion bill Speaker of the House Nancy Pelosi...

Under the CARES Act, Congress has invited millions of Americans to stop paying their mortgages. The impact of this massive unfunded mandate is that the U.S. financial system is headed for a potential default when the cash flow expected from millions of Americans does not arrive.

From Tuesday, customers applying for a new mortgage will need a credit score of at least 700, and will be required to make a down payment equal to 20% of the home’s value.

What are negative interest rates? A negative interest rate is exactly how it sounds — it’s when an interest rate (or a yield) falls below 0 percent. It seems counterintuitive. After all, how can a rate actually fall below zero, a number that’s literally meant to be a floor for traditional borrowing and lending activities? Take Germany, for example. Its government bond yields are trading in the negative territory all the way out to 20 years. Bond yields are negative in France, Denmark and the Netherlands right now, and they were once sub-zero in Belgium. The Riksbank of Sweden, the...

According to the U.S. Treasury, as of February 29, 2020, there was $16.9 trillion in marketable U.S. Treasury securities outstanding. Of that amount, at the end of February, the Federal Reserve held $2.47 trillion or 14.6 percent – making it, by far, the largest single holder of U.S. Treasuries anywhere in the world. ...But exactly how can a so-called “free market” function smoothly if the country’s own central bank is cornering the market. Salomon Brothers paid a $290 million fine and came close to getting slapped with criminal charges by the U.S. Department of Justice in 1992 for manipulating prices...

The coronavirus pandemic is shutting down entire sectors of the economy and putting millions of Americans out of work, but one corner of Wall Street may find opportunity amid the carnage: private equity. Private equity firms have been stockpiling cash in recent years as rising markets made it harder for them to invest, accumulating a record pile of “dry powder” for deals. The industry typically buys undervalued companies with borrowed money, taking them private to spruce up operations for an eventual sale. The high company valuations that kept them at bay collapsed this month amid widespread business closures and quarantines...