Report: Market Valuation of 14 Banking Giants Shed $635 Billion This Year

Report: Market Valuation of 14 Banking Giants Shed $635 Billion This YearThe world’s largest banks lost a considerable amount of market valuation amid the Covid-19 pandemic, according to a new report that estimates financial incumbents lost $635 billion. Between December 2019 and August 2020, the market caps of 14 major banking institutions lost upwards of 30-50% during the time period. A newly published report written by […]

The post Report: Market Valuation of 14 Banking Giants Shed $635 Billion This Year appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Covid-19 Stimulus: Banks Will Gain $18 Billion in Fees for Processing PPP Relief Loans

The world’s banking cartel will gather $18 billion in fees for facilitating the settlement of small business Paycheck Protection Program (PPP) relief loans leveraged during the Covid-19 pandemic. The $640 billion in PPP relief loans stem from the CARES Act and allegedly there’s only $130 billion left for Americans looking for funds. The Banks Will […]

The post Covid-19 Stimulus: Banks Will Gain $18 Billion in Fees for Processing PPP Relief Loans appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

American Panic Led to the Creation and Expansion of the Corrupt Federal Reserve System

The Federal Reserve System was created after the “Panic of 1907” and ever since its inception in 1913, the Fed is one of the most powerful modern central banks in the world. Moreover, the Fed has always been either celebrated or criticized for stepping in whenever the U.S. is stricken with some kind of fear. […]

The post American Panic Led to the Creation and Expansion of the Corrupt Federal Reserve System appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet

Trump Pressures Fed for More Rate Cuts as Mega-Banks Drain the Balance SheetU.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed for the lack of liquidity in the repo market’s cash reserves, […]

The post Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

JP Morgan Chase Ship Busted: Cocaine, Banks and the Failed Drug War

A ship seized by the U.S. Customs and Border Protection Agency in June carrying over 15,000 kilos of cocaine has now been tied to JP Morgan Chase’s asset management unit. Officially the company does not exercise any operational control of the vessel, but some serious questions are raised when such large scale transport is used […]

The post JP Morgan Chase Ship Busted: Cocaine, Banks and the Failed Drug War appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

JP Morgan: Bitcoin Would Only Make Sense in a Dystopian Scenario

Jp Morgan: Bitcoin and Cryptocurrency Would Only Make Sense in a Dystopian ScenarioJP Morgan has continued to bash bitcoin and cryptocurrencies, saying the value of them is still unproven and that it will be at least another three to five years before blockchain technology makes a difference to the banking sector.  Also read: Jamaica Stock Exchange Plans to List Security Tokens ‘A Dystopian Scenario’ America’s largest bank has […]

The post JP Morgan: Bitcoin Would Only Make Sense in a Dystopian Scenario appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitcoin Dominates Fortune’s Most Impressive, Young Superstars List

Fortune's Most Impressive, Young Superstars List: Crypto Leaders Shine“For the first time ever,” Fortune magazine announced, it “has assembled a supplementary honor roll of the most impressive, young superstars who are transforming business at the leading edge of finance and technology.” They’ve selected forty representatives from all over fintech, and each is under forty years old. Among them are many cryptosphere leaders finally […]

The post Bitcoin Dominates Fortune’s Most Impressive, Young Superstars List appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Bitcoin in Brief Tuesday: Bank Wires, Tickets, and Diplomas on Blockchain Tech

Bitcoin in Brief Tuesday: Bank Wires, Tickets, and Diplomas - on BlockchainThe prospect of transferring an entire national payment system to blockchain technology deserves attention and we are covering the story in today’s Bitcoin in Brief. Reports that Russia may transform its version of SWIFT as early as next year coincided with the news that the US banking giant JP Morgan has applied for a blockchain […]

The post Bitcoin in Brief Tuesday: Bank Wires, Tickets, and Diplomas on Blockchain Tech appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

JP Morgan Chase Hit With Million Dollar Class Action Crypto Lawsuit

JP Morgan Chase Hit With Million Dollar Crypto Class Action LawsuitThe largest bank in the United States, JP Morgan Chase, found itself the subject of a federal class action lawsuit this week. The complaint alleges that after hindering customers from buying cryptocurrencies, the bank charged enthusiasts extra fees and higher interest rates. Also read: Bitgrail’s $170M Hack Continues to Provide Drama JP Morgan Chase Subject of […]

The post JP Morgan Chase Hit With Million Dollar Class Action Crypto Lawsuit appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

JP Morgan Chase Fears Crypto Is Disruptive Competition

JP Morgan Chase Fears Crypto is Disruptive CompetitionPerhaps cryptocurrency’s largest institutional nemesis is JP Morgan Chase. Led by the ever-belligerent Jamie Dimon, it and he have taken numerous opportunities to sandbag bitcoin and its spawn. Theories about why have long circled, but now there appears to be proof the legacy bank is threatened by decentralized currency in digital form, according to an […]

The post JP Morgan Chase Fears Crypto Is Disruptive Competition appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico