Rates for home loans fell to a seven-week low as ongoing economic uncertainty kept a tight lid on bond yields, mortgage provider Freddie Mac said Thursday.
Ken Rogoff concludes that after cash has been stripped out of society, negative interest rates can give every saver a proper 'haircut' by charging him to keep money in the bank. But, you can't take it out when cash is gone. Technocrats will rej
China's massive debt is on a "dangerous" path, raising the risk of a sharp slowdown in growth, the IMF warned on Tuesday, urging Beijing to speed up structural reforms.
In 2013, the banks of Cyprus confiscated the deposits of many of their clients.
In 2013, the banks of Cyprus confiscated the deposits of many of their clients. There was no warning, and there was little in the way of explanation, except to say that it was "necessary," as the banks had been mismanaged to the point that, unles
Wells Fargo Crime-Homeowners You Are at Risk! I have no doubt that when I look at banking actions over the past three years, they are clearly posturing to take every financial asset you own, but not everyone agrees as evidenced by this email.
Beginning in at least in 2009, Wells Fargo teamed up with a home warranty firm to foist a product on unsuspecting mortgage customers, according to a new investigation bubbling up in the Wall Street trade press.
A day of reckoning is approaching for rogue forms of money like digital blockchain currencies, when they run head into the global banking cartel. While the Bitcoins of the world are proving a point, global Technocrats have no intention of releasing t
If you invest your money, you will have to deal with numerous risks.
Two weeks after the latest consumer scandal involving Warren Buffett's favorite bank, Wells Fargo, broke when the NYT reported that as many as 800,000 people who took out car loans from Wells were also charged for auto insurance they did not need...
Fake money has created a totally uneven playing field for most ordinary people.
In the second quarter of the year, one in which unlike in Q1 fund flows showed a persistent and perplexing outflow from US stocks and into European and Emerging Markets, ...
Two psychologists who helped design the CIA's post-9/11 detainee interrogation program will stand trial in September for promoting the use of torture methods like water-boarding, starvation and chaining prisoners in extreme stress positions.
The big New York banks no longer perform the banking function of lending to consumers and businesses.
We have previously shown the chart below on countless occasions, so we are content to see that increasingly more banks are showcasing it as the biggest potential threat to the future of the market's artificial levitation. Here is BofA's Martin Mauro
Quantitative easing has served as a life raft for many of the world's economies. Now central banks face the prospect of moving on, but the question is: how?
The trade ministers of the five BRICS nations (Brazil, Russia, India, China and South Africa) met this week in Shanghai, ahead of the annual summit of heads of state in Xiamen next month.
With much of the investing world preparing to take the next two weeks off for vacation right after Friday's payrolls number hits, one question being thrown around by traders is "what could possibly go wrong" in the immediate future? Answering this
Remember what Goldman said when it reported atrocious earnings two weeks ago, when it revealed that FICC revenues plunged by 40%? Here is a reminder:
It's Your Money But You Can't Have It: EU Proposes Freezing Bank Accounts to Bailout Megabanks
Last week we investigated nonperforming EU loans and an EU proposal to freeze accounts if a run on a bank starts.
- Comptroller Demands Heads Roll At Wells