Posts Tagged ‘Bad Bankers’
New York Community Bancorp Was JPMorgan’s Top Regional Bank Pick for 2024; It’s Lost 73 Percent Y-T-D and Had Its Deposit Rating Downgraded to Junk
By Pam Martens and Russ Martens: New York Community Bancorp’s tumultuous share price descent began on January 31 when the bank filed an 8K form with the SEC indicating a $260 million net income loss in the fourth quarter; a dividend cut from 17 cents to 5 cents; and a $552 million provision for credit losses on commercial…
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BanksterCrime: By Pam Martens and Russ Martens, George Washington University Law Professor, Arthur Wilmarth, has done it again. After authoring the seminal book on the insidious evolution and enormous dangers still posed by the Wall Street megabanks (Taming the Megabanks: Why We Need a New Glass-Steagall Act) Wilmarth is now out with a new, gripping paper. In…
Professors Point to JPMorgan Chase as Poster Boy of a Financial System Dependent on Corruption to Sustain Itself
By Pam Martens and Russ Martens: The full day conference sponsored by nonprofit watchdog Better Markets last Wednesday was a unique opportunity to gain brilliant insights from academic experts who have battled on the frontlines of the most unprecedented and ongoing era of corruption in U.S. financial history. (You can watch it on YouTube at this…
Bad Bank Chase Court Filing: JPMorgan Chase “Actively Participated in Epstein’s Sex-Trafficking Venture”–Bud Light Chase
The Attorney General of the U.S. Virgin Islands, armed with highly effective legal talent from the law firm, MotleyRice – which stakes its reputation on its “boldness” – has filed new documents in its federal lawsuit against the largest bank in the United States, JPMorgan Chase. The new documents are, indeed, breathtakingly bold. The U.S.…
JPMorgan’s Pampered Client, Jeffrey Epstein, Broke a Lot More Laws Than Just Sex Trafficking of Minors
BanksterCrime: By Pam Martens and Russ Martens: Jeffrey Epstein A closer look at the trail of lawlessness perpetrated by Jeffrey Epstein while he was receiving VIP treatment from executives and licensed brokers at the largest bank in the United States – JPMorgan Chase – demands a comprehensive investigation by a genuinely independent Special Counsel. After Epstein…
A JPMorgan Court Filing Shows Another Bank Exec Visited Jeffrey Epstein’s Sex-Trafficking Residences 13 Times – Two More Times than Jes Staley
BanksterCrime: By Pam Martens and Russ Martens: JPMorgan Chase is in a protracted legal battle in a federal district court in Manhattan over highly credible allegations that it “actively participated” in Jeffrey Epstein’s sex-trafficking of minors. The lawsuit has been brought against JPMorgan Chase by the Attorney General of the U.S. Virgin Islands where Epstein owned…
TD Bank reaches $1.2 billion settlement in Ponzi scheme lawsuit–More To Come!
By StevieRay Hansen BanksterCrime: More than a decade after the infamous $7 billion Ponzi scheme was run by disgraced financier Allen Stanford, TD Bank has agreed to pay $1.2 billion to settle a lawsuit alleging its involvement in the scheme. In a statement released on Monday, Toronto-Dominion Bank admitted to paying $1.205 billion to a…
Citigroup Hit With $400 Million Fine Over AML Failures That Led To Mike Corbat’s Downfall
The Comptroller of the Currency has finally handed down its punishment for the compliance failures that helped bring about an end to the tenure of Citibank CEO Michael Corbat. After Citi announced that Corbat would be replaced by Jane Fraser, who will soon become the first CEO of an American megabank, it was revealed that…
Bad Bankers: Senior Ex-Deutsche Bank Exec Linked To Millions In Donald Trump Loans Commits Suicide
Banks and bankers are dishonest by design, these bankers are not committing suicide because they want to be the first in heaven… During the past few years, we extensively covered a bizarre surge in banker suicides, pointing out the various conspiracy theories linking various high-level bank executives and inside scandals at the very highest levels across financial…
Banks, Real Estate, and Insurance Companies Crush The People
The Bible has a lot to say on the subject of injustice. We know that God is in favor of justice; we know that He is against injustice, even in the most basic terms. The writer of Proverbs mentions this: “The LORD detests differing weights, / and dishonest scales do not please him” (Proverbs 20:23).…