Latest News for: Bankrupt bank


Small banks in China are running into trouble. Savers could lose everything

CNN 24 Jun 2022
Hong Kong (CNN Business)Peter had put his life savings of about $6 million into accounts at three small banks in China's central Henan province ... The trouble began in April, when four banks in Henan suspended cash withdrawals ... It was the first bank seizure in China in more than 20 years and the lender was declared bankrupt.

Economic crisis: Indian delegation meets Sri Lanka's leadership

The Telegraph India 23 Jun 2022
He is banking on extended credit lines for further purchase of fuel, the Prime Minister said. The nearly bankrupt country, facing an acute foreign currency crisis that resulted in foreign debt default, had announced in April that it was suspending nearly $7 billion foreign debt repayment due for this year out of about $25 billion due up to 2026 ... .

Is Coinbase FDIC insured?

Cryptopolitan 21 Jun 2022
Is Coinbase going bankrupt? ... These developments and recent company decisions made the rumors of “Coinbase going bankrupt” more plausible; hence, driving the users into fear of liquidation ... banks, or invested in liquid U.S ... Will FDIC protect your funds if Coinbase goes bankrupt?.

WITNESS: The Great Crash of 2022

The Liberty Beacon 21 Jun 2022
Many will throw inventories on the market at almost any price to fund their liabilities, cut back their workforces, and likely go bankrupt ... A likely consequence of this bust will be a banking crisis ... the contraction of the money supply as deposits in bankrupt banks simply evaporate ... What is the central bank doing right now? The Contractionary Fed.

American millionaire accused of lying that watch stolen by Barcelona muggers was worth $800,000 is ...

The Daily Mail 17 Jun 2022
An American tourist suspected of exaggerating the value of his Hublot watch, stolen by muggers in Barcelona, in a bid to swindle the insurance firm is being investigated over $1.6 million in suspicious bank transfers shortly before his private jet company went bankrupt ... Bernstein and his wife Marie at a 2018 charity gala ... RELATED ARTICLES ... EXCLUSIVE ... .

RBL Bank share price tanks on Monday as choice of new CEO disappoints markets

Financial Express 14 Jun 2022
A day after RBL Bank appointed R Subramaniakumar as its chief executive, analysts watching the sector expressed disappointment at the choice. The selection of a former public sector bank (PSB) executive, also known for steering the resolution of a bankrupt housing finance company, sent alarm bells ringing about the state of RBL Bank’s financials.

‘We exist but it is not a life’: Afghan women face bleak prospects under Taliban

The Observer 13 Jun 2022
Compounding the problem, many of the health clinics trying to help underfed children have lost their World Bank funding ... The assets of the Afghan central bank, of which £7bn is controlled by the US, has been frozen, and $3.5bn of this has been confiscated in a populist move by Joe Biden to provide compensation to the victims of 9/11.

Three Tough Questions About the Two-State Solution

The Algemeiner 12 Jun 2022
A view shows the Jewish settlement of Maale Adumim in the West Bank, October 27, 2021 REUTERS/Ammar Awad ... Neither group—Fatah in the “West Bank” and Hamas in the Gaza Strip—has held elections since 2006 ... West Bank Palestinians have a bankrupt economy; they are propped up by financial contributions from Western nations.

Meet the ‘crazy Dutchman’ who modernized Tampa dairies

Tampa Bay Times 09 Jun 2022
TAMPA — August Van Eepoel Sr. was initially known as “that crazy Dutchman,” according to news archives, but his nickname was later upgraded to “that Dutchman with a vision.”. Tom Van Eepoel was raised to know Van Eepoel Sr ... He left $5,000 to a Palm River woman who, on his advice, had deposited her life’s savings into a bank that later went bankrupt.


Roxytube 08 Jun 2022
Banks around the world were being shut down. High level Banking execs were either under investigation, or arrested and charged with treasonous crimes ... Six major Tier 1 Banks met and voted on a Tues-Wed ... The fall of global banks is happening ... Big once powerful banks, in the bankrupted Washington DC, are shut down.

Analysis: Elliott Management, Jane Street sue LME for nickel debacle

Invezz 08 Jun 2022
The sudden explosion in price action resulted from a short squeeze, with banks and brokers desperately trying to unload a huge position taken by Xiang Guanga, a Chinese billionaire and Founder of Tsingshan Holding Group, one of China’s largest stainless-steel and nickel miners ... Banks and brokers rushed to close the position as losses mounted.

Two states aim to arm teachers despite opposition from educators and experts

Yahoo Daily News 03 Jun 2022
It’s a popular talking point in conservative circles ... (Brandon Bell / Getty Images) ... Cecil Thomas, a Democrat from Cincinnati, said “the bank of common sense is bankrupt in the Ohio legislature, noting that he’s been pushing for new regulations aimed at preventing gun violence since a 2019 mass shooting in Dayton, Ohio, left nine dead and 17 wounded.

Mont Vernon lawyer convicted of using fraud to borrow $8 million gets 4 years in prison

Union Leader 24 May 2022
A Mont Vernon attorney who federal officials say lied to obtain millions of dollars with five different loans was sentenced to four years in federal prison for bank fraud and other charges, officials said ... North American Savings Bank, Celtic Bank, Newtek, and St. Mary’s Bank.

Get Real, Lagarde — The Underlying Asset ‘Guaranteeing’ Your Euro Scam Coin Is a Gun

Bitcoin 24 May 2022
European Central Bank President Christine Lagarde recently remarked that crypto is “worth nothing” and needs to be regulated ... The European Central Bank can neither go bankrupt nor run out of money even if it were to suffer losses on the multi-trillion-euro pile of bonds bought under its stimulus programmes.

Mont Vernon lawyer convicted of using fraud to get $8 million in loans gets 4 ...

Union Leader 23 May 2022
A Mont Vernon attorney who federal officials say lied to obtain millions of dollars with five different loans was sentenced to four years in federal prison for bank fraud and other charges, officials said ... North American Savings Bank, Celtic Bank, Newtek, and St. Mary’s Bank.