Get the scoop on finance - sign up for mobile alerts

Financeflux

$541,000,000,000 Will Exit US Banking System in ‘Severely Adverse’ Scenario, Warns Federal Reserve

The Federal Reserve says more than half a trillion dollars will exit the American banking system in its "severely adverse"…

July 1, 2023

JPMorgan Chase and 40 Other US Banks Conducting FedNow Trial Runs Ahead of the Instant Payment Service’s Launch

Banking giant JPMorgan Chase and 40 other US banks are testing the Federal Reserve's new instant payment infrastructure called FedNow.…

July 1, 2023

Digital Euro System Now Underway in Europe, EU Commission Says It ‘Won’t Replace Cash’

The European Commission has proposed a legislative plan for the launch of a new digital euro payments system, one that…

June 28, 2023

US Will Pay $660,000,000,000 in Interest on National Debt This Year, Says Fiscal Sustainability Nonprofit

A foundation created by billionaire Peter G. Peterson says rising interest rates will push the US government's interest payments to…

June 27, 2023

US Banks Facing ‘False Sense of Comfort’ Amid Rising Signs of Credit Stress, Says Banking Regulator

Acting Comptroller of the Currency Michael J. Hsu just issued a fresh warning about potential risks to the US banking…

June 25, 2023

Bank for International Settlements Unveils ‘Game-Changing’ CBDC Blueprint Using Privatized and Controlled Crypto Technology

The global central bank umbrella organization known as the Bank for International Settlements (BIS) has released a blueprint for the…

June 25, 2023

Legendary Investor Jim Rogers Issues Global Economic Warning, Says Next Bear Market Will Be the Biggest in His Lifetime

Veteran American investor Jim Rogers says the next bear market will be the biggest in his 80-year lifetime. In a…

June 25, 2023

Chase and BofA Should Have Flagged Massive Bank Transfers in $800,000 Scam, Says Victim’s Daughter

JPMorgan Chase and Bank of America are defending their fraud prevention systems after a 76 year-old man lost his life…

June 23, 2023

576 American Banks Are Overexposed to Commercial Real Estate Loans As Delinquencies Rise: Report

Hundreds of US banks have exceeded regulatory guidelines on commercial real estate loan concentrations, according to a new report. A…

June 22, 2023

JPMorgan Chase Hit With Multimillion-Dollar Fine For Deleting 47,000,000 Banking Records

The U.S. Securities and Exchange Commission just hit JPMorgan Chase with a $4 million fine for deleting about 47 million…

June 22, 2023