The Silicon Valley Bank’s (SVB) bad management may have set off a nationwide financial crisis. The Biden administration has pledged to protect depositors’ money. But among SVB’s customers are firms affiliated with the Chinese Communist Party (CCP). So why are American taxpayers footing the bill to make Beijing whole? In the premiere of the new…
PREMIERING at Mar. 22 10AM ET: Troubled US Bank’s Ties to China Raise More Red Flags
March 21, 2023
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American taxpayersbankingbanking industrybanking systemBeijingbiden administrationBrian CostelloBusiness & MarketsCCPCCP (Chinese Communist Party)ChinaChina Business & EconomyChinese Regimecurrent eventsDemocratsdepositor protectiondepositorseconomic policiesEconomyEpochTVfinancefinancial crisisGlobal FinanceinvestmentsJoe BidenLee SmithLive Videosmoneynationwide crisisOver the TargetPolicies & ImpactsPoliticsrisk managementSilicon Valley BankSVBTech EntrepreneurThreat from Communist ChinaUSus bankUS BankingUS NewsUS-China relationsVideo
LIVE NOW: NTD News Today (March 13): Biden: US Banking System is Safe; Federal Government Limits Oil Drilling in 16M Alaskan Acres
President Biden said the U.S. banking system is safe at a speech in the Roosevelt Room of the White House on Monday. Silicon Valley Bank and New York-based Signature Bank both folded last week, prompting concern among workers and depositors. These are the largest U.S. bank failures since the 2008 financial crisis. The Biden administration…
NTD News Today (March 13): Biden: US Banking System is Safe; Federal Government Limits Oil Drilling in 16M Alaskan Acres
President Biden said the U.S. banking system is safe at a speech in the Roosevelt Room of the White House on Monday. Silicon Valley Bank and New York-based Signature Bank both folded last week, prompting concern among workers and depositors. These are the largest U.S. bank failures since the 2008 financial crisis. The Biden administration…
Seven Ways to Bank Smarter in the New Year
Every year people make new resolutions. Some want to lose weight, others have a specific goal they wish to attain. One goal that everyone should have in the new year is banking smarter. Smart banking can save you money. But what does that mean? Here are seven ways to bank smarter. Reevaluate Banking Services and…
‘Stress Test’ for Homebuyers Should Stay, Says Canada’s Bank Regulator
Canada’s Superintendent of Financial Institutions has responded to calls for lower requirements on mortgage applicants, saying that lenders need to keep the “stress test” to ensure applicants will be able to pay their mortgages come what may, and to protect the nation’s financial system from risky loans. “Some have understandably argued that [we] should lower or…
‘Old Glory Bank’ Emerges to Protect Your Money From Cancel Culture
Commentary We are all too used to cancel culture restricting what we Americans read, see, and are allowed to say in our entertainment, education, and media—but our bank accounts? Aren’t they supposed to be sacrosanct? In February 2022, Canadian Prime Minister Justin Trudeau—in an unprecedented action, at least in modern terms— froze the bank accounts…
China’s Xi Intensifies Anti-Corruption Purge Ahead of the Crucial 20th Party Congress
Commentary Xi Jinping’s anti-corruption campaign targeting the real estate and banking sectors could be compensation for his failure to make good on campaign promises. Nearly 5 million people—including Chinese Communist Party (CCP) officials, entrepreneurs, and ordinary citizens—have been caught in Xi’s anti-corruption probes. Xi rose to power through his anti-corruption campaign, which began in 2012….
The Failure of Central Banking: Market Bailouts
Commentary On Oct. 19, 1987, the U.S. stock markets collapsed. They had enjoyed a stellar run supported by the bull market, which started in August 1982. The ‘Roaring Eighties,’ that is, the economic boom of the 1980s, drove equity markets to new records. But in October, indications of a slowing economy, rising interest rates, and stock…
Like Fourth Grade All Over Again
I’m not sure why I loved fourth grade so much. Maybe it was because my teacher was extra pretty and her name was Mrs. Hunt. (Who could’ve guessed?) Or that I sat behind Rick Collier, voted by all the girls to be the cutest in our grade and the entire universe. For sure, it had…
Canada Fines Chinese Bank for Non-Compliance on Financial Threats
Canada’s financial intelligence arm FINTRAC has imposed a fine on the world’s largest bank, the state-owned Industrial and Commercial Bank of China (ICBC), for non-compliance on financial threats. ICBC (Canada) was found to be non-compliant with provisions of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act following a compliance examination in 2019 and…
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