Banks Turn Away Customer Deposits due to Negative Interest Rates in Germany
By Kevin Helms Banks in Germany are reportedly turning away customer deposits due to the negative interest rate imposed on them by the European Central…
Kevin Helms
Lebanon’s Financial Meltdown: Currency Plunges 80%, Huge Losses at Central Bank, IMF Bailout Stalled
By Kevin Helms The financial crisis in Lebanon has seen its currency, the Lebanese pound, fall 80%. The International Monetary Fund (IMF) has estimated that…
Coronavirus Relief: Cryptocurrency Aid Programs Launched to Combat COVID-19 Outbreak
By Kevin Helms Cryptocurrencies are being used to help fight the global coronavirus pandemic. Crypto companies are doing their part to provide coronavirus aid to…
US Develops Cryptocurrency Intelligence Program Targeting P2P Sites, Forums, Darknet Markets
By Kevin Helms The U.S. Department of Homeland Security has revealed a cryptocurrency intelligence program aimed at identifying unlicensed crypto businesses using P2P sites, online…
Wells Fargo Fined $3 Billion for 15 Years of Illegal Practices Affecting Millions of Customers
By Kevin Helms Wells Fargo, one of the largest U.S. financial services companies, has agreed to pay $3 billion to resolve the U.S. government’s investigations…
Banks Are Cutting 75,700 Jobs Worldwide
By Kevin Helms Banks worldwide have announced major job cuts this year. Globally, 75,700 jobs are reportedly being eliminated, with the most recent announcement coming…
McKinsey: Majority of Banks May Not Be Economically Viable
By Kevin Helms Management consulting firm McKinsey & Company has published a global banking review and found that a majority of banks worldwide may not…
India Facing “Unprecedented” Economic Slowdown, Extraordinary Steps Urged
By Kevin Helms Many signs indicate that the Indian economy is under grave stress, affecting nearly all sectors. “India’s economy is in a deep mess,”…
Crypto Bullishness Spreads on Capitol Hill
By Kevin Helms U.S. Congress has shown that it is starting to care about cryptocurrency as a number of lawmakers spoke up in favor of…
Big Banks Money Laundering: UBS Fined $4.2 Billion, Danske Shuts Down in 4 Countries
By Kevin Helms Money laundering scandals involving some of the world’s largest banks have grown this week. Switzerland’s largest bank, UBS, has been fined 3.7…