US warns European governments against supporting Palestinians at UN
Obama stops NSA spying on IMF and World Bank
Israel an apartheid state? A majority of Jews say yes
Trump's son-in-law Jared Kushner financed Israeli extremists and illegal settlements
Deutsche Bank is headed for collapse in Germany
Former IMF head and bond king both recommend gold over stocks and bonds
Brazil, Uruguay move away from US dollar in trade
Bank of England director warns: Bond bubble threatens financial system
J.P. Morgan to pay $1.42 billion to settle some Lehman claims
Argentina to default on debt; second time in 12 years
Dollar collapse: 7 of 10 Asian countries turn to yuan
Bank runs in Greece, bank holidays coming next
BRICS development bank's 1st loan to be issued in yuan, not the dollar
Portugal's largest bank misses bond payment; bond prices collapse
Wells Fargo fined $185m for opening 2 million fake accounts
Central banks start hoarding gold to prepare for financial apocalypse
Deutsche Bank headquarters raided by police in tax fraud probe
China is almost ready to replace the US dollar
Bank run fears in Bulgaria
Chinese yuan accepted as collateral at the LME
Search Results for: Bank of International Settlements
Is something about to happen in Germany that will shake the entire world? According to disturbing new intel that I have received, a major financial event in Germany could be imminent. Now when I say imminent, I do not mean to suggest that it will happen tomorrow. But I do …
From Filip Karinja, for Birch Gold Group Kenneth Rogoff, former chief economist for the International Monetary Fund (IMF), Kenneth Rogoff, recently penned a piece in which he recommended that emerging markets diversify their foreign exchange holdings away from the bonds of developed countries and into gold. One of Rogoff's main reasons for the …
Private memo threatens 'significant negative consequences' if Palestinian Authority succeeds in obtaining enhanced status. The United States has warned European governments against supporting a Palestinian bid for enhanced status at the United Nations, saying such a move "would be extremely counterproductive" and threatening "significant negative consequences" for the Palestinian Authority, including …
Brazil and Uruguay have switched to settling bilateral trade with local currency to stimulate turnover, bypassing the US dollar. Payments in the Brazilian real and Uruguayan peso started on Monday. The agreement was signed on November 2 by the head of Brazilian Central Bank Alexandro Tombini and his Uruguayan counterpart …
Bank of England Director: Andrew Haldane A key Bank of England policymaker has warned of the risks to global financial stability when "the biggest bond bubble in history" bursts. In a wide-ranging testimony to MPs, Andy Haldane, Bank of England director of financial stability, admitted the central bank's new financial policy committee is taking …
International Monetary Fund Headquarters in Washington, DC. US President Barack Obama has called on the National Security Agency to halt spying on the headquarters of the International Monetary Fund and World Bank in conjunction with a review of surveillance activities, Reuters reported. A US official told the news agency that …
A majority of Israeli Jews admit they are living in an apartheid state, a recent survey claimed. Many also believed that Palestinians should be denied the right to vote, and suggested that Jewish citizens should be given preferential treatment. Some 500 Jewish adults took part in the survey, answering questions …
Jared Kushner, the son-in-law and confidant of U.S. President-elect Donald Trump, is a director and board member at the Kushner Foundation which has given money to illegal Israeli settlements in the West Bank as well as extremist Jewish groups connected to violent attacks against Palestinians, Israeli newspaper Haaretz reported Monday. …
JPMorgan Chase & Co will pay $1.42 billion in cash to resolve most of a lawsuit accusing it of draining Lehman Brothers Holdings Inc of critical liquidity in the final days before that investment bank's September 2008 collapse. The settlement was made public on Monday, and requires approval by U.S. Bankruptcy …
Argentina failed to strike a deal to avert its second default in more than 12 years after talks with holdout creditors ended without a settlement on Wednesday. The country's economy minister, Axel Kicillof, speaking at a news conference at the Argentine consulate in New York, repeatedly referred to the holdout …
A "renminbi bloc" has been formed in East Asia, as nations in the region abandon the US dollar and peg their currency to the Chinese yuan — a major signal of China's successful bid to internationalize its currency, a research report has said. The Peterson Institute for International Economics, or …
The writing has been on the wall for quite sometime. Deposit flight from Greece's ailing banking sector has been running north of €500 million per day this week as the threat of capital controls casts a pall over the Greek government's efforts to reassure the public and head off a …
The BRICS New Development Bank will name its first investment in April next year and the first loan will be issued in yuan not dollar, top officials confirmed. The first president of the Bank, Kundapur Vaman Kamath said in Shanghai that the new lender will work closely with the China-led …
Brussels, we have a problem. As we warned 6 weeks ago, Espirito Santo International SA – is in a "serious financial condition" according to a central bank driven external audit by KPMG identified "irregularities in its accounts." Sure enough, the 'ponzi-like' maneuvers have left the bank unable to pay its bonds as Bloomberg reports bonds …
A top US bank, Wells Fargo, has agreed an $185 million payout settlement with California and federal regulators after it opened more than 2 million fake accounts not authorized by customers. It is the company's second instance of fraud in recent months. "Wells Fargo employees secretly opened unauthorized accounts to …
Gold has been on an impressive bullish run since the markets opened for trading this year. The uptrend in gold can be traced to the fear-induced buying frenzy arising from weakness in the global economic landscape. The fact that equities have been operating in a choppy market in the year-to-date …
German prosecutors raided Deutsche Bank AG's Frankfurt headquarters Tuesday morning in connection with a criminal tax-fraud probe, according to officials and other people familiar with the matter. The raid came two days after the bank said its co-chief executives would resign but the timing appeared to be unrelated to the management change, people familiar …
From Filip Karinja As the US dollar's reign as global reserve currency appears to be ending, are we seeing the beginning of a new dawn in the east? Throughout history, global reserve currencies have proven to last for only so long. Before the United States' currency reigned supreme, the currencies of …
Dozens of depositors have withdrawn savings from Bulgaria's third biggest bank despite assurances from the government and the European Union that their money was safe after a similar run shut down another major lender last week. Bulgarian authorities have arrested four people suspected of trying to destabilise the banking system in a concerted …
From Filip Karinja, for Birch Gold Group The ongoing internationalization of the Chinese yuan got a major boost this week with the London Metal Exchange (LME) now accepting the currency as collateral against contracts. This follows regulatory approval from the Bank of England, which now allows the LME to accept five currencies as cash …