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Financeflux

US Debt Soars $276,000,000,000 in One Month As Hank Paulson Says America’s Borrowing Binge Needs Urgent Fix

Former Treasury Secretary Hank Paulson is sounding the alarm on America's rapidly expanding debt. New numbers from the Treasury Department…

August 5, 2023

$262,000,000,000 in Deposits Exits JPMorgan, Wells Fargo, BofA and Citi in One Year As Government Reveals Collapse of Another US Bank

America's biggest banks are witnessing a contraction of customer deposits as another regional bank is forced to close its doors.…

August 5, 2023

Americans Are Battling Banks After Accounts Are Frozen, Access to Hard-Earned Cash Is Denied: Report

Americans are increasingly turning to local news outlets after their hard-earned cash is frozen and denied. According to a new…

August 4, 2023

$200,000,000 for Cash Handouts With No Strings Attached Allocated Across US As Basic Income Trials Come To 24 States: Report

A total of 24 states across the US are testing the benefits of offering basic income with no strings attached…

August 4, 2023

Customers at US bank say deposits are missing as angry reports spread on social media

Customers at one of America's largest banks are reporting missing deposits on social media. People who bank with Wells Fargo…

August 4, 2023

Yuan Overtakes US Dollar in China’s Cross-Border Trade for First Time Ever: Goldman Sachs

The Chinese yuan has surpassed the US dollar in China's cross-border payments for the first time in history, according to…

August 3, 2023

US Government To Borrow $1,000,000,000,000 in Q3 As Deficit Widens and Debt Servicing Costs Shatter 11-Year High: Treasury Estimate

The US government is dramatically raising its expectations on how much capital it needs to borrow this quarter amid a…

August 3, 2023

Bank of America CEO Forecasts US Recession in Early 2024 After Fed Hikes Rates to 22-Year High

The US will most likely head into a slight recession early next year, according to Bank of America Chairman and…

August 3, 2023

Big Four Accounting Firm KPMG Touts Bitcoin Benefits, Including Payments, Social Causes and Financial Inclusion

One of the world's largest accounting firms just published a new report highlighting use cases for Bitcoin (BTC). According to…

August 3, 2023

Billion-Dollar Bank Facing US Government Investigation For Allegedly Dodging Rules on Record Keeping

European lending giant BNP Paribas is currently in talks with US regulators to settle probes over its employees' use of…

August 2, 2023