The BRICS bloc’s push to create a new trade and reserve currency that can serve as an alternative to the dollar could start chipping away at the greenback’s hegemony in less than three months’ time, former CIA and Department of Defense advisor and investment banker James Rickards has predicted. “It involves the rollout of a…
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“On Saturday, June 3, 2023, the President signed into law … H.R. 3746, the ‘Fiscal Responsibility Act of 2023,’ which suspends the public debt limit through January 1, 2025, and increases the limit on January 2, 2025, to accommodate the obligations issued during the suspension period,” it said. The bill also rescinds certain unobligated balances,…
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Epstein’s calendars show the financier meeting with A-listers including tech billionaires Bill Gates and Peter Thiel, music executive Tommy Mottola, artist Jeff Koons, magician David Blaine, and filmmaker Woody Allen – all after being required to register as a sex offender as part of the sweetheart plea deal that allowed him to serve less than…
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Jeffrey Epstein was many things: a sexual predator, a friend to the rich and powerful and, for many years, a lucrative customer of the nation’s largest bank. Now the bank, JPMorgan Chase, faces a reckoning for its nearly 15-year relationship with the disgraced financier, one that could cost it a big payout in two civil…
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When then-prime minister Malcolm Turnbull called for heads to roll after the 2016 census was pulled offline – amid fears IBM’s data servers hosting the survey had been infiltrated – the American enterprise technology giant made an important decision. IBM ran most of the big mainframe systems that had powered core government functions for several…
Justice Akintayo Aluko of the Federal High Court, in Lagos has ordered 27 commercial banks in the country, to placed Post-No-Debit (PND) on the accounts of a tourism company, ‘La Campagne Tropicana Beach Resort’ over alleged N46, 798, 095.94 . The judge, made the order of Mareva injunction on May 17, 2023, while granting an…
more “Alleged N46.7m Debt: Court Freezes ‘La Campagne Tropicana’s Accounts in 27 Banks” »
European Union officials are considering whether to send Ukraine profits generated from Russian assets frozen within the bloc, the Financial Times has reported, citing people familiar with the discussions. EU member states and European Commission officials convened on Wednesday to examine how they might move funds held at Euroclear, the world’s largest settlement house, over to…
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The new owner of Silicon Valley Bank’s (SVB) US operations, First Citizens, is cutting around 500 roles held by former SVB workers, the BBC understands. Two months ago, First Citizens bought the business after SVB’s collapse. The failure of SVB, along with two other US banks, triggered fears of a more widespread banking crisis, which…
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A Lebanese judge questioned the country’s embattled central bank governor Wednesday and confiscated his Lebanese and French passports following an arrest warrant from France over corruption charges, judicial officials said. Riad Salameh left immediately after questioning by Judge Imad Kabalan in Beirut, the officials said on condition of anonymity in line with regulations. The questioning…
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(Bloomberg) — Blackstone Inc. Chief Executive Officer Steve Schwarzman said the investment giant is in talks with several US regional banks to explore purchases of assets and loans they originate. “Pressure on those regional banks won’t just come from the markets,” he said in a video interview Wednesday for the Qatar Economic Forum in…
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