Bankrupt Banking

Latest News for: Bankrupt banking

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Why no one should be using banks

The Bitcoin News 19 Feb 2019

If government is the devil, the bank is a demon ... The moment you put your money on your bank account it becomes the property of the bank ... Today banks are obligated to tell the authorities everything they know about you, including how much money you have, how you got it and where you spend it ... You can loose all your money if the bank goes bankrupt....

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Vanguard doesn’t bare its finances. Should investors care?

Philadelphia Daily News 18 Feb 2019

Treasury and the Fed bailed out the big banks, GM, AIG and Fannie Mae ... Not being public (or a bank), he said, Vanguard would face challenges raising more cash if it had to go to financial markets. "And, thinking back to 2008, to 2009, banks were not anxious to lend.” ... "It doesn’t matter if you’re Vanguard or Union Bank of Switzerland....

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Class Warfare Driving Ocasio-Cortez and the Rest

Caledonian Record 18 Feb 2019

The accountant prepared my taxes last week. Usually, I get a refund, something I can use to buy myself a few extra lattes and my monthly SEPTA pass ... I don’t begrudge someone for having a larger bank account than I do (unless that person came by it dishonestly). Bankrupting some to give to others out of a misplaced sense of entitlement is un-American....

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Seattle Is Now the Capital of Neoliberalism

The Stranger 16 Feb 2019

The banks and markets in the US and Europe were actually dead ... A good number of the banks became exactly the same as Prime Time Sports ... IMF, the World Bank, and tight capital controls ... The government supported bankrupt commercial banks and investments banks with public resources....

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3 Good Reasons to Use a Payday Loan Service

GroundReport 15 Feb 2019

There are situations when asking a friend, family member, or the bank just isn’t an option ... The banks won’t always have the power to give you the ... However, banks are not as forgiving as people tend to be, especially if you have bad credit or have bankrupted in the past....

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Articles were not about O'Brien, former SBP editor tells court

RTE 15 Feb 2019

Mr O'Brien claims the articles portrayed him as one of a gang of 22 "developer kings" who over-borrowed, destroyed the country and bankrupted the banks ... The Business Post says the articles were based on a report given by accountants PwC to Government in November 2008, listing the 22 biggest borrowers with Irish banks....

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Class warfare driving Alexandria Ocasio-Cortez, Bernie Sanders, and the rest | Christine Flowers

Philadelphia Daily News 15 Feb 2019

The accountant prepared my taxes this week. Usually, I get a refund, something I can use to buy myself a few extra lattes and my monthly SEPTA pass ... I don’t begrudge someone for having a larger bank account than I do (unless that person came by it dishonestly). Bankrupting some to give to others out of a misplaced sense of entitlement is unAmerican ... ....

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Sierra Leone government owned bank used as piggy bank by former ministers

Sierra Leone Telegraph 14 Feb 2019

... Bank as their personal piggy bank ... But instead of pursuing their contract with the people, they became predators and parasites – taking money out of the government’s bank for their own personal use – money that should be used to help rebuild an economy they had bankrupted....

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Court told no one would think less of O'Brien due to loans

RTE 14 Feb 2019

Tom Lyons told a jury at the High Court that Mr O'Brien had not a clue what was happening in the failed bank and what happened there was not Mr O'Brien's fault ... Mr O'Brien claims the articles portrayed him as one of a gang of 22 "developer kings" who over-borrowed, destroyed the country and bankrupted the banks....

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JSW Steel gets Letter of Intent for Bhushan Power and Steel

Sify 13 Feb 2019

The Committee of Creditors (CoC) for Bhushan Power and Steel has issued a Letter of Intent (LoI) to Sajjan Jindal-owned JSW Steel, thereby declaring it a winning bidder for the bankrupt power company, sources said ... Punjab National Bank (PNB) had dragged the bankrupt steelmaker for resolution under the Insolvency and Bankruptcy Code (IBC)....

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Court told there was no 'crazy conspiracy' against businessman Denis O'Brien

RTE 13 Feb 2019

Mr O'Brien claims reports published in March 2015 portrayed him as one of a gang of "developer kings" who over borrowed, destroyed the country and bankrupted the banks.  ... Mr Lyons denied having any malice towards the people named by the newspaper as a "gang of 22" who owed the most money to Irish banks in 2008....

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(ATTN PRASHANT SAXENA)JSW Steel gets Letter of Intent for Bhushan Power and Steel

Suryaa 12 Feb 2019

The bankrupt company owes Rs 47,000 crore to the financial creditors ... Bhushan Power and Steel was one of the 12 biggest defaulters identified by the Reserve Bank of India (RBI) for insolvency proceedings in June 2017. Punjab National Bank (PNB) had dragged the bankrupt steelmaker for resolution under the Insolvency and Bankruptcy Code (IBC)....

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Stocks in the news: Eveready, Axis Bank, Sun Pharma, HEG, Manpasand Beverages and Prabhat Dairy

The Times of India 12 Feb 2019

Axis Bank ... Bank of America Merrill Lynch emerged as the sole bidder in State Bank of India’s auction of its loans to bankrupt Essar Steel, but it bid for only a part of the Rs 13,000-crore loans the lender put on the block, two people familiar with the matter told ET....