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Financeflux

‘They’re Gonna Print the Money’: Investor Luke Gromen Says US Government Will Be Forced Into QE To Avert Crisis

Macro investor Luke Gromen says the US government will soon be forced to print more money to address its rising…

November 6, 2023

Bank Withdrawal Limits and Exit Fees Under Consideration by Financial Authorities in Switzerland, According to Contentious New Report

The Swiss National Bank and the Swiss Finance Ministry are considering new measures that would make it more difficult for…

November 4, 2023

Fifth Bank Failure of 2023 Declared, Iowa Bank Insolvent Due to ‘Significant Loan Losses’

The Federal Deposit Insurance Corporation (FDIC) has shut down a bank in Iowa after regulators discovered "significant loan losses" on…

November 4, 2023

BRICS Currency ‘Almost Ready’, Will Be Much More Attractive Than US Dollar, Pound and Euro, Says Ex-Russian Minister

A former Russian minister says a BRICS currency with unique attributes is nearly ready to launch. In an interview with…

November 3, 2023

$40,000,000,000 in Unrealized Losses Hits JPMorgan Chase As Bank of America, Wells Fargo and Citigroup Face Exposure to US Treasuries: Report

JPMorgan Chase has quietly revealed tens of billions of dollars in losses on securities, according to a new report on…

November 3, 2023

JPMorgan Chase, Bank of America, Wells Fargo Suffer Major Outage As Customers Scramble to Locate Deposits

Several of America's biggest banks are facing a flood of complaints about issues with account balances and direct deposits. Customers…

November 3, 2023

PayPal Receives Greenlight To Conduct ‘Certain Crypto Asset Activities’ in the United Kingdom

Global payments giant PayPal just secured a license from financial regulators in the United Kingdom to operate as a crypto…

November 3, 2023

$4,000,000 in Free Money Up for Grabs As US Cities Launch New Guaranteed Income Programs

A pair of guaranteed income pilot programs are set to hand out $4 million to residents in two US cities…

November 3, 2023

Billion-Dollar Bank Pays $29,500,000 Fine Over ‘Massive Fraud’, Allowing Criminals to Access $300,000,000

The Federal Reserve and New York Department of Financial Services are hitting a US bank with a multi-million dollar fine…

October 28, 2023

$100,000,000,000 in Deposits Exit US Banking System in Three Weeks As Fed Survey Says Banks Face Financial Stability Risks

People and businesses are withdrawing billions of dollars in deposits from US banks as a new survey details concern on…

October 27, 2023