Goldman Sachs alone liquidated $10.5 billion worth of stocks in block trades on Friday, Bloomberg reported citing the investment bank’s email to clients. The first batch, that included $6.6 billion worth of shares of Baidu, Tencent Music Entertainment Group and Vipshop Holdings, was sold before the market opened on Friday. …
Read More »‘Cancel them before they cancel us’: Gab CEO says banks have banned platform due to media smears
The third bank to sever its relationship with the company in three weeks told Torba on Monday that they were doing so because of “all the bad things the press has written about Gab,” he said in an interview published by the conservative outlet National File. “We sell hats, shirts, …
Read More »Brexit campaign donor Banks gloats after report journalist Carole Cadwalladr ‘admits having no evidence’ of his Russia dealings
Cadwalladr won the 2018 Orwell Prize for her reporting on the Cambridge Analytica scandal and big-data influence on the Brexit referendum. Her reports fit like a glove on the overarching narrative, which claims that unfavorable voting outcomes in the West are products of clandestine Russian psyops and cyber action. “Brexit …
Read More »Big Banks could lose billions in the global energy transition
JP Morgan pledged to help clients align their business with Paris Agreement emission targets. HSBC announced up to a $1 trillion in green energy funding. An investor group worth $20 trillion in assets urged heavy emitters to clean up their act. Another group, worth $5 trillion, said it will set …
Read More »The Russians did not return to banks the money bubble burst in consumer lending
Got in debt borrowers remained the only way out The “bubble” of consumer credit is exhausted, not having lived through the pandemic coronavirus. The amount of arrears soared: the loans growth was 129%, and the volume of mortgage loans that are not serviced 30-60 days, increased by 125%. This was …
Read More »The Russians did not return to banks the money bubble burst in consumer lending
Got in debt borrowers remained the only way out The “bubble” of consumer credit is exhausted, not having lived through the pandemic coronavirus. The amount of arrears soared: the loans growth was 129%, and the volume of mortgage loans that are not serviced 30-60 days, increased by 125%. This was …
Read More »In Russia saw the risk of capital shortage at banks
The Chairman of the accounts chamber of the Russian Federation Alexey Kudrin does not exclude that Russian banks may soon face a shortage of capital and need for additional capitalization. This he warned today at the Federation Council. According to the head of the controlling Agency, “the volume nedonoshennyh reserves …
Read More »Banks came up with the Russians a new restriction on plastic cards
Pandemic caught everyone by surprise: businessmen and ordinary workers, government officials and bankers. If there are those who come from coronaries on horseback plus, they are clearly in the minority. Before the new economic disaster everyone is equal, but someone still care. While the Russians make ends meet, the banks …
Read More »Russian banks imported a record amount of dollars
In March 2020, financial and credit institutions of Russia dramatically increased the import of foreign currency into the country. This is evidenced by data of the Central Bank of the Russian Federation. According to statistics from the regulator, in March, banks are imported into Russia almost $5 billion and around …
Read More »The Russian government continues to play in the interests of big banks
The Russian government is offering assistance to businesses, continues to play in the interests of big banks. In the state Duma in the second reading passed the right bill, which gives the lessee the right to terminate the contract, if the landlord does not make concessions, and refuses to reduce …
Read More »