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Financeflux

Mark Yusko Predicts Legacy Financial Corporations To Become Crypto Companies As Digital Assets Become Inevitable

Morgan Creek Capital founder Mark Yusko is predicting that traditional finance (TradFi) corporations will eventually transform into digital asset businesses.…

July 18, 2023

US Dollar Will Lose Status As World’s Reserve Currency, Says S&P Global’s Top Economist

An economist at the world's largest credit ratings agency says the US dollar's global reserve currency status is now in…

July 17, 2023

Billion-Dollar Bank Pays $15,000,000 for Decade of ‘Deceptive Practices’ Against Its Customers

A US-based bank is handing over $15 million after being accused of engaging in deceptive practices against its customers for…

July 16, 2023

US Debt Soars $210,000,000,000 in Two Weeks As Lawmakers Sound Alarm on Nation’s ‘Unsustainable’ Trajectory

The total amount of debt on America's balance sheet is skyrocketing. New numbers from the government's FiscalData platform show that…

July 15, 2023

$200,000,000,000 Exits JPMorgan Chase in One Year As Customers Withdraw Cash Amid US Banking Concerns

Customers have withdrawn $200 billion worth of deposits from American banking giant JPMorgan in the last year as the bank…

July 15, 2023

$992,000,000,000 Banking Giants Fined for Role in Global Billion-Dollar Payments Scheme

Three banking giants and an additional financial institution are paying a multimillion-dollar fine for their role in a global billion-dollar…

July 15, 2023

Serious Global Financial Crisis Coming As Debt Levels Skyrocket, Warns Legendary Investor Jim Rogers

The co-founder of Soros Fund Management, a $5.61 billion private investment firm, is painting a grim picture for the United…

July 14, 2023

Central Banks Warn Trillion-Dollar Debt Hammering US Dollar, Reveal Plans To Increase Chinese Yuan Holdings

Central banks around the world no longer look at the US dollar with the same certainty they did just years…

July 14, 2023

$1,600,000,000,000 Bank Warns ‘Original Sin’ of Money Printing Will Force US Into Recession

A US recession is likely around the corner, according to a new forecast from Societe Generale economist Kokou Agbo-Bloua. Agbo-Bloua,…

July 13, 2023

JPMorgan Chase Suffers $1,100,000,000 Loss As Six US Banks Execute Massive Write-Offs: Report

The largest banks in the US are reportedly taking big hits to their bottom line as borrowers default on billions…

July 12, 2023