Financeflux

576 American Banks Are Overexposed to Commercial Real Estate Loans As Delinquencies Rise: Report576 American Banks Are Overexposed to Commercial Real Estate Loans As Delinquencies Rise: Report

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

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
Nearly 20 Countries Eyeing BRICS Membership, Some Even ‘Begging’ To Join: Russian Deputy MinisterNearly 20 Countries Eyeing BRICS Membership, Some Even ‘Begging’ To Join: Russian Deputy Minister

Nearly 20 Countries Eyeing BRICS Membership, Some Even ‘Begging’ To Join: Russian Deputy Minister

Senior Russian diplomat Sergey Ryabkov says the line to get into BRICS is getting more and more competitive. According to…

June 21, 2023
Deutsche Bank Warns US Recession Imminent, Says Avoiding a Hard Landing Is Next to Impossible: ReportDeutsche Bank Warns US Recession Imminent, Says Avoiding a Hard Landing Is Next to Impossible: Report

Deutsche Bank Warns US Recession Imminent, Says Avoiding Hard Landing Is Next to Impossible: Report

The US appears headed for a hard landing and a recession, according to the chief economist at one of Europe's…

June 21, 2023
$572,000,000,000 Added to US Debt in Two Weeks, Total Debt Now Exceeds China, Japan, Germany and UK’s Combined GDP$572,000,000,000 Added to US Debt in Two Weeks, Total Debt Now Exceeds China, Japan, Germany and UK’s Combined GDP

$572,000,000,000 Added to US Debt in Two Weeks, Total Debt Now Exceeds China, Japan, Germany and UK’s Combined GDP

Over half a trillion more dollars have been dumped into the US government's debt spiral in the last two weeks…

June 20, 2023
Crypto Exchange Gemini Announces New Expansion Into Asian Region To Capture ‘Next Wave of Growth’Crypto Exchange Gemini Announces New Expansion Into Asian Region To Capture ‘Next Wave of Growth’

Crypto Exchange Gemini Announces New Expansion Into Asian Region To Capture ‘Next Wave of Growth’

A major American crypto exchange is announcing a new expansion into one of the world's biggest market regions. In an…

June 20, 2023
Fidelity, Charles Schwab, Citadel and More Back Newly Launched Crypto ExchangeFidelity, Charles Schwab, Citadel and More Back Newly Launched Crypto Exchange

Fidelity, Charles Schwab, Citadel and More Back Newly Launched Crypto Exchange

A group of the biggest financial institutions in the world are backing the newly launched digital asset marketplace EDX Markets…

June 20, 2023
$1,400,000,000,000 Deutsche Bank Applies for Cryptocurrency Custody License in Germany: Report$1,400,000,000,000 Deutsche Bank Applies for Cryptocurrency Custody License in Germany: Report

$1,400,000,000,000 Deutsche Bank Applies for Cryptocurrency Custody License in Germany: Report

A multinational investment bank and financial services company valued at $1.4 trillion is applying for a crypto custody license in…

June 20, 2023
Billionaire Chamath Palihapitiya Warns Massive ‘Debt Wall’ To Hit Corporate America and Incinerate Equity ValuesBillionaire Chamath Palihapitiya Warns Massive ‘Debt Wall’ To Hit Corporate America and Incinerate Equity Values

Billionaire Chamath Palihapitiya Warns Massive ‘Debt Wall’ To Hit Corporate America and Incinerate Equity Values

Social Capital CEO and early Bitcoin investor Chamath Palihapitiya is issuing a warning that many of America's biggest firms could…

June 20, 2023

Robert Kiyosaki Says More US Banks Are About To Fail, Warns One Mortgage Lender Is ‘On the Ropes’

Rich Dad Poor Dad author Robert Kiyosaki says that the crisis in the banking industry is far from over. Kiyosaki…

June 19, 2023