Two senators have proposed a bipartisan bill to curb big banks’ presence on the boards of regional Federal Reserve banks in a bid to eliminate conflicts of interest and bolster central bank accountability. “I’ve got an idea–a bipartisan idea–that I’m introducing with Senator Rick Scott today: get the big bankers off the Reserve Banks boards…
Bipartisan Bill Seeks to Crack Down on Big Banks’ Presence of Federal Reserve Board
American Banks Prepare for Decline in Profits, 17 Percent Drop Predicted for Top Six Banks in the Fourth Quarter
Big banks in the United States are getting ready to deal with shrinking profits due to factors like an overall difficult economic environment, despite the fact that interest incomes have risen over the past year. JP Morgan Chase, Citigroup, Bank of America, Wells Fargo, Goldman Sachs, and Morgan Stanley are the six largest lenders in…
Lawmakers Question Big Banks Over Wokism; Facebook to Restore Trump’s Account? | NTD Business
Scrutinizing the country’s biggest banks, lawmakers question executives over how woke ideology is affecting their industry. Facebook is deciding whether to restore former President Donald Trump’s account. What does it come down to? Are there similarities between the inflation here in the United States and in Venezuela? A Venezuelan economist shares his personal experience and…
Green Energy Credits are Currently a Tax Shelter for Wall Street Banks
Tax credits have been a go-to move for the U.S. government to incentivize renewable energy project developers for years. Yet substantial profits are ending up in the pockets of the corporate banking industry. As of last year, the renewable tax equity market represents a $20 billion industry for big banks. The timing is auspicious for financial lenders…
Mortgage Rates Remain High as Big Banks Anticipate Recession
News Analysis Canada’s big banks dominate the mortgage market and aren’t helping homebuyers and housing affordability with lower mortgage rates for the time being. Analysts point to the banking oligopoly in Canada as a major factor in the lack of competitive options for consumers as compared with the United States. Like other industries, the big…
US News
- City News ServiceSAN DIEGO—A 29-year-old one-time X Games BMX star was killed in a motorcycle accident at a Ramona motocross park, authorities reported June 7. Pat Casey of Riverside was fatally injured… [...]
- Sophie Li“If [lawmakers] change how they are dealing with these issues, they’ll have to admit that they were wrong,” said former Republican California State Sen. Melissa Melendez regarding why she thinks… [...]
- City News ServiceSAN DIEGO—A 70-year-old man who pleaded guilty to fatally stabbing a National City convenience store clerk almost 50 years ago was sentenced June 7 to five years to life in… [...]
- Janice HisleIf a federal indictment of former President Donald Trump was imminent during the afternoon of June 7, he denied being informed about it. Throughout the day, numerous news reports were… [...]
- City News ServiceLOS ANGELES—A man convicted of fatally shooting a research scientist as he slept inside a tent with his two young daughters in Malibu Creek State Park in what the judge… [...]
- Elizabeth DowellResearchers have discovered that ancient rising lakes may trigger California earthquakes along the San Andres fault line. The new study, published Wednesday in Nature, investigated earthquake activity along the southern… [...]
- Joseph LordA bipartisan group of lawmakers has announced the formation of a task force to combat China’s growing influence in the Indo-Pacific. During a press conference at the House Triangle in… [...]
- Carol CassisDisneyland Resort in Anaheim, California, has announced the renovation of its Paradise Pier Hotel into a Pixar-themed location will be finished by the end of the year. Complete with a… [...]
- Ryan MorganSeveral Republican senators are urging the Department of Defense’s Inspector General to investigate their claims that a DOD official leaked classified information to shield President Joe Biden from criticism for… [...]
- Roman BalmakovThe Centers for Disease Control and Prevention (CDC) has just released a new report detailing a massive viral outbreak on a cruise ship that was traveling from the United States to… [...]