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Financeflux

$18,500,000,000 in US Treasuries Sold by BRICS Trio of China, India and Brazil in One Month

A trio of BRICS member nations are unloading billions upon billions of dollars worth of US Treasuries. New numbers from…

October 22, 2023

JPMorgan Chase Sued for Allegedly Terminating Accounts and Failing to Return $1,160,000: Report

America's biggest bank is being sued for allegedly terminating several accounts and failing to ensure more than a million dollars…

October 21, 2023

Mysterious Withdrawals Hit Customers at Major US Bank, Plunging Some Accounts Into the Negative: Report

Customers at one of America's biggest banks are reportedly seeing erroneous withdrawals hit their accounts. Concerns over unexplained withdrawals at…

October 20, 2023

$84,500,000,000 Exits JPMorgan Chase, Wells Fargo and Citigroup in Three Months As Depositors Take Flight

Three of America's biggest banks just watched $84.5 billion worth of deposits disappear in a single quarter. JPMorgan Chase, Wells…

October 20, 2023

$106,120,000,000 Added to US Debt in One Week As Rockefeller Capital CEO Issues Warning to Investors

The total amount of debt owed by the US government is skyrocketing. The Treasury's FiscalData platform shows $106.12 billion has…

October 20, 2023

Fed Governor Says CBDC in the US Has ‘Unclear’ Use Case and Presents Significant Risks

Federal Reserve Bank governor Michelle Bowman says that the use case for a central bank digital currency (CBDC) in the…

October 18, 2023

Financial Fears Trigger Bank Run in China As Officials Push To Prevent Contagion: Report

Chinese authorities are moving to prevent further financial contagion as a bank run unfolds in one of its provinces. Thousands…

October 16, 2023

$1,700,000,000,000 US Budget Deficit Shattered in 2023 As IMF Issues Warning on America’s ‘Worrying and Deteriorating’ Fiscal Trajectory

New numbers show the US government's spending exceeded its revenues to the tune of more than a trillion dollars in…

October 14, 2023

$81,000,000,000 in Bank Transfers Abruptly Halted As JPMorgan Chase and Big Banks Encounter Major Glitch in Japan: Report

Engineers are investigating a banking glitch that triggered a total shutdown of billions upon billions of dollars in bank transfers…

October 13, 2023

$4,860,000 To Be Given Away As US City Becomes Latest Basic Income Testing Ground

A major US city is preparing to launch a multi-million dollar basic income pilot. The city of St Louis, Missouri…

October 13, 2023