Banks
2/27/24: Jamie Dimon and Nine of His Top Executives at Jpmorgan Chase Have Dumped Over $150 Million of Their Jpmorgan Stock in Last Two Months
By Pam Martens and Russ Martens: According to Form 4 filed with the Securities and Exchange Commission by corporate insiders, ten of the key executives at the largest bank in the United States, JPMorgan Chase, have dumped more than $150 million in common stock in the bank this year. The sales come as the bank’s stock has…
2/26/24: Why Are Some U.S. Lawmakers Opposed to CBDCs?
By SRH, Update: Government oversight, management, and regulation are applied to digital currencies called CBDCs. There are concerns that these measures could pave the way for a dictatorship through the implementation of digital IDs, immunization passports, social credit ratings, and other policies. This article details the workshop’s schedule and emphasizes the importance of paying attention…
2/24/24 Get Prepared: Trump Says Bitcoin Has Taken on ‘a Life of Its Own,’ Will Probably Need Some Regulation, Trump’s Bad For The Country and Americans
By SRH, Former president stated he was “not a fan” of cryptocurrencies and called the central bank’s digital currency dangerous, vowing to ban them if elected.Trump said, “I can live with it,” about bitcoin before the South Carolina primary.A softening posture may result. The president said he was “not a fan” of cryptocurrencies in 2019.…
2/23/24: These Charts Reveal Why the Fed Is Frightened about Capital Levels at the Wall Street Mega Banks
By Pam Martens and Russ Martens: According to Federal Reserve data dating back to July 3, 1985 – a span of close to 39 years – there has not been a time when the largest 25 banks were bleeding deposits on the scale that has been happening for the past 22 months. There has also never been…
2/22/24: Wall Street Law Firm Sullivan & Cromwell Gets Sued Over Allegations It Aided and Abetted the FTX Crypto Fraud
By Pam Martens and Russ Martens: Ryne Miller, Former Sullivan & Cromwell Partner, Became General Counsel of FTX.US The 144-year old Wall Street go-to law firm, Sullivan & Cromwell, may be getting rich on the FTX bankruptcy legal fees, but it’s also doing a helluva job destroying its reputation as a prudent law firm. Last Friday, a…
2/19/24: Jamie Dimon Is Desperate to Pin the Jeffrey Epstein Scandal on Jes Staley; Bloomberg News Is Carrying His Water — Again
By Pam Martens and Russ Martens: February 16, 2024 ~ Jeffrey Epstein (left); Jamie Dimon (right). After hurling salacious allegations for months against Jes Staley in a federal lawsuit JPMorgan Chase had brought against its former executive, the bank decided last September to quietly settle the case without disclosing the terms. The bank sued Staley after it…
2/16/24: Banks Are Being Rocked Again as Real Estate Losses Mount
By Anna Cooban, CNN 4 minute read London CNN — Nearly a year on from a banking crisis that led to the collapse of three US regional lenders and the emergency takeover of Credit Suisse in Europe, a fresh chill is running through banks as far apart as New York, Tokyo and Zurich. Common to…
2/15/24: Citigroup Is Having a Very Bad Week; Regulators Are Breathing Down Its Neck
By Pam Martens and Russ Martens: Sanford (Sandy) Weill, the Man Who Walked Away from Citigroup a Billionaire Before Its Collapse At the exact moment that the stock market closed on Monday, Reuters dropped a bombshell in Warren Buffett’s lap with news that federal banking regulators are breathing down Citigroup’s neck. Buffett’s Berkshire Hathaway owns 55,244,797 shares…
2/14/24: Five Wall Street Banks Hold $223 Trillion in Derivatives — 83 Percent of All Derivatives at 4,600 Banks
By Pam Martens and Russ Martens: February 13, 2024 ~ According to the Financial Crisis Inquiry Commission (FCIC), derivatives played a major role in the financial crash of 2007 to 2010 in the United States, the worst financial crisis in the U.S. since the Great Depression of the 1930s. The FCIC wrote in its final report: “…the…
2/13/24: Jamie Dimon’s Statement Last Month that Trump “Was Kind of Right About NATO,” Sounds Even More Unhinged Today
By Pam Martens and Russ Martens: Jamie Dimon Being Sworn In at House Financial Services Committee Hearing, May 27, 2021 On January 17 of this year, during a CNBC interview during the World Economic Forum in Davos, the Chairman and CEO of JPMorgan Chase, Jamie Dimon, made the unhinged remark that Donald Trump “was kind of right…