Posts Tagged ‘Bank Cover ups’
Deer in Headlights Chaos in Credit Markets: Crypto Soars
BanksterCrime: by Tyler Durden Well that was a day… Almost time to trot out the ‘deer in headlights’… A double-whammy of a 30Y TSY auction bloodbath and Powell’s considerably more hawkish-than-expected tone prompted bonds and stocks to be clubbed like a baby seal as the dollar soared… Source: Bloomberg Did Powell finally notice that his…
BanksterCrime: By Pam Martens and Russ Martens: Jane Fraser, Citigroup CEO On the first day of trading in January 2007 (the year prior to the Wall Street financial crisis in 2008 that saw century-old iconic financial firms explode one after another), Citigroup closed the trading day at $55.25. Yesterday, Citigroup’s common stock closed at an effective…
You Can’t Put Lipstick on a Pig Forever–First Came the Hype; Then Came Adam Neumann’s Self-Dealing; Then Came the IPO Scandal; Now Comes the Bankruptcy
BanksterCrime: By Pam Martens and Russ Martens: WeWork, the flexible-office-space company, is the quintessential proof that you can’t put lipstick on a pig forever. On Tuesday, the Wall Street Journal reported that WeWork “ is planning to file for bankruptcy as early as next week….” On October 5, the credit ratings agency Fitch downgraded WeWork’s long-term…
U.S. SEC Subpoenas PayPal About USD Stablecoin
BanksterCrime: By Amitoj Singh Nov 2, 2023 at 5:47 a.m. CDT Updated Nov 3, 2023 at 6:48 a.m. CDT PayPal (PYPL) received a subpoena from the U.S. Securities and Exchange Commission (SEC) requesting documentation about its USD stablecoin, the global payments giant said in a filing, without providing more details. The firm entered the market…
17 Attorneys General and Two Claimants File Objections to JPMorgan Chase’s Tricked Up Settlement with Jeffrey Epstein Victims
BanksterCrime: By Pam Martens and Russ Martens: Presiding Judge Jed Rakoff, in the JPMorgan-Epstein Related Suits in NY Federal Court The Attorneys General of 16 states and Washington, D.C. are challenging the settlement crafted by Big Law firm WilmerHale on behalf of JPMorgan Chase and by the high-profile lawyer, David Boies, on behalf of the sex-trafficked…
Sam Bankman-Fried Implied His Friends Lied About His Role in FTX’s Collapse
BanksterCrime: By Nikhilesh De Sam didn’t do it. He didn’t defraud anyone, he didn’t steal customer funds – he just built a company which “turned out basically the opposite” of the product he envisioned when he founded FTX: “A lot of people got hurt – customers, employees – and the company ended up in bankruptcy.”…
JP Morgan Gold Traders Go to Jail, While JP Morgan Exits DOJ ‘Sin Bin’
BanksterCrime: by Tyler Durden Submitted by Ronan Manly, BullionStar.us There have been some interesting developments in the long running saga of criminal prosecutions by the US Department of Justice (DoJ) against J.P. Morgan and its lawbreaking traders for precious metals price manipulation and fraud. While three of JP Morgan’s top former gold traders were sentenced…
One of the Largest Financial Frauds In U.S. History–FTX
BanksterCrime: By Kevin Stocklin | The trial of Sam Bankman-Fried has thus far strongly supported the prosecution’s charges of securities fraud, analysts say; meanwhile, any questions regarding his massive political donations have been put off for another day. Since its start on Oct. 3, the trial has featured compelling testimony from former colleagues FTX co-founder…
Bank of America’s Deposits Fall, But at Slower Pace than JPMorgan Chase
BanksterCrime: By Pam Martens and Russ Martens: Bank of America is the second largest bank by assets in the United States, topped in assets by only JPMorgan Chase. Both mega banks have seen a steady decline in deposits since the first quarter of 2022. But the decline in deposits at Bank of America represents just 65…
JPMorgan Chase Has Lost a Quarter Trillion Dollars in Deposits in Last 7 Quarters — Fortress Balance Sheet or Leaky Sieve?
BanksterCrime: By Pam Martens and Russ Martens: Jamie Dimon, Chairman and CEO of JPMorgan Chase On May 1, the Federal Deposit Insurance Corporation announced that First Republic Bank had failed and that it was being sold to JPMorgan Chase. At the time, JPMorgan Chase was already the largest and riskiest bank in the United States. The…