After promising to pause layoffs in late March, Banks resumed job cuts in recent weeks, and many firms are now pushing to cut costs as the pandemic has dragged on, threatening lenders with higher credit costs and crimping revenue growth, which in the case of Citi is expected to decline this year as noted above.

Former Deutsche Bank AG analyst David Liew told a Chicago jury he learned how to manipulate gold and silver prices from the two successful senior traders he admired and worked with for about three years.

The trove shared today encompasses more than 2,100 SARs sent to US authorities, spanning from 1999 to 2017. Once filed, these notices absolve banks of responsibility to ensure the laundering does not continue. FinCEN passes the SARs onto law enforcement agencies, but does not require banks to shut down the activity.

There has been much discussion about eliminating the “zero lower bound” by eliminating paper currency. But such a radical and difficult approach as eliminating paper currency is not necessary. Much as during the Great Depression—when countries were able to revive their economies by going off the gold standard—all that is needed to empower monetary policy to cut interest rates as much as needed for economic stimulus now is to change from a paper standard to an electronic money standard, and to be willing to have paper currency go away from par

Under Ackman’s plan, each child born in the U.S. would receive $6,750 in a government-funded basket of index funds that could only be tapped at retirement. Assuming 8% returns over 65 years from birth to retirement, that total would ultimately exceed $1 million, and it would cost the government about $26 billion a year, if the birthrate holds.

The UK central bank raised the possibility of negative interest rates after officials had pooh-poohed the idea for months. According to the minutes, the Monetary Policy Committee: “...had been briefed on the Bank of England’s plans to explore how a negative bank rate could be implemented effectively, should the outlook for inflation and output warrant it.”

He said additional fiscal stimulus and continued monetary stimulus remains necessary.

The final goal is for the EU to become climate neutral by 2050, as stated in the European Green Deal.

It goes like this – China, in an enormous disinformation campaign spread via social media and through compromised voices in Western politics, science and medicine, aggressively pushed for other nations to follow its lead, with the goal of intentionally destroying their economies.

FRANKFURT, Germany (AP) — European Central Bank head Christine Lagarde says the bank's massive monetary stimulus measures have helped stabilize the economy amid the pandemic and the ECB is ready to deploy even more stimulus if necessary.