HSBC Closes Account Used to Support Hong Kong Protesters
By Lubomir Tassev For months on end, Hong Kong has been the scene of intensive confrontation between pro-democracy activists and its Beijing-supported government. It now…
Lubomir Tassev
Global Trend Against Cash Intensifies as China Joins the Squeeze
By Lubomir Tassev For various reasons, a growing number of nations are experiencing the rapid development of cashless society. Paper money may become extinct in…
Bad Loans at Big British Banks Jump Over 50% in a Year
By Lubomir Tassev Shaken by the never-ending saga around Brexit and the global slowdown, the British economy is now showing signs that point to an…
As US Expands Subprime Mortgage Program, Is a New Crisis Looming?
By Lubomir Tassev The Federal Housing Administration, a division of the U.S. Department of Housing and Urban Development, has recently adopted new guidelines widening the…
Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide
By Lubomir Tassev Banking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and…
More Signs the Next Big Financial Crisis May Begin in Germany
By Lubomir Tassev Germany, the locomotive of Europe’s huge economy, is entering a difficult period, various indicators suggest. And when the Federal Republic sneezes, the…
Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels
By Lubomir Tassev The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest…
Money Laundering Scandals Bring Court Charges and Record Job Cuts to Euro Banks
By Lubomir Tassev The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A…