Taliban, China Discuss Banking Cooperation
The Taliban’s governor of the Afghan central bank, Hidayatullah Badri, has revealed that the Taliban and China are in discussions regarding banking cooperation. The Taliban’s governor of the Afghan central bank Hidayatullah Badri met with Chinese envoy Wang Yu this week to discuss banking ties and business, the bank’s spokesperson informed Reuters on 16 June. […]
Curious Case Of Hunter Biden’s Maltese Bank Account
Hunter Biden’s laptop has brought to light the intriguing situation surrounding Hunter Biden’s Maltese bank account. Emails from the Biden laptop shed light on Burisma’s opening of a Maltese bank account for Hunter Biden in the spring of 2016. This newly discovered development coincides with the allegations made by an FBI source, suggesting that Mykola […]
BIS To Use AI To Monitor Global Bank Transactions For “Money Laundering”
The Bank for International Settlements (BIS) plans to use AI to monitor global bank transactions for potential instances of money laundering. The project, known as “Project Icebreaker,” focuses on developing a SWIFT-like bottleneck system that would enable global banks to regulate and potentially standardize all currencies. While the IMF is currently gearing up to introduce […]
UN Helping Russian Bank With SWIFT Bypass
According to UN spokesman Stéphane Dujarric, the UN is assisting a Russian bank with a SWIFT bypass after it was disconnected as part of Ukraine-related sanctions last year. The UN continues to work on ensuring that Russia’s requirements in the Black Sea grain deal are implemented, including the removal of obstacles for banking operations involving […]
The Five Stages Of Bank Failure
Real Vision’s Raoul Pal said that the Five Stages of Bank Failure are similar to the five stages of grief: denial, anger, bargaining, depression, and acceptance, as described by Elisabeth Kübler-Ross. The talking heads on financial TV ask everyday where we are in the banking crisis. Is it over yet? After scooping up First Republic, […]
Is Charles Schwab Close To Insolvency
As of the end of 2022, Charles Schwab was the bank with the largest amount of assets marked as “held to maturity” relative to capital, leading to concerns that it may be close to insolvency. The taming of monetary policy necessary to slow price inflation has triggered a corrective trend in the valuation of financial […]