First Republic Becomes Next Major American Bank to Fail Under Biden, JP Morgan Chase Takes Over Assets
JP Morgan Chase will take over the assets of First Republic bank after it collapsed in the second American bank failure in the past two months.
global finance
UAE to Deposit $3 Billion in Pakistan Central Bank
The United Arab Emirates will deposit $3 billion in the central bank of Pakistan to help “enhance liquidity” as the country struggles with a balance of payments crisis, state media said.
Donald Trump: Investigate the Obama Administration for Trying to Sneak Around Iran Sanctions
“The Obama Administration is now accused of trying to give Iran secret access to the financial system of the United States. This is totally illegal,” Trump wrote on Twitter.
Gordon Chang: U.S. Should Unplug Chinese Banks from Global Financial System Because They’re ‘Helping North Korea’s Illicit Commerce’
Author and columnist Gordon Chang reviewed Secretary of State Rex Tillerson’s visit to Asia on Monday’s Breitbart News Daily with SiriusXM host Alex Marlow.
Turkey’s Erdogan Equates Lira Fall to ‘Terrorism’ Driven by ‘Conspiracy’
President Recep Tayyip Erdogan on Thursday blamed a conspiracy aimed at weakening Turkey for the recent plunge in value of the lira, saying those who worked to pressure the currency were no different from a “terrorist”.
Qatari Banks in Talks to Form Sharia-Compliant $44-bn Megabank
Three Qatari banks announced Tuesday that they are in merger talks to create a financial institution with assets of more than $44 billion.
Bank of Ireland Shuts Down Israel Boycott Accounts
The Bank of Ireland – the country’s oldest financial institution—shut down the accounts of the Ireland Palestine Solidarity Campaign (PSC).
Iran Pushes U.S. for More Access to Global Financial System
Iran’s main goal in its nuclear talks with world powers was to secure access to the global financial system, and the United States must now do more to remove obstacles to the banking sector, Foreign Minister Mohammad Javad Zarif (pictured)
Israel Launches Probe Into Firms Exposed In Tax Haven Leaks
The Times of Israel reports: Israel has launched a probe into companies and individuals exposed by the “Panama Papers” data leak to have holdings in offshore accounts. The Israel Tax Authority announced Monday that it had opened an investigation after
Israel Passes Law To Cap Bankers’ Salaries
Israel has introduced one of the world’s toughest curbs on bank executives’ salaries to try to narrow a big gap between bosses’ and workers’ pay. The law was pushed through by Finance Minister Moshe Kahlon, who, ahead of last year’s
Iran Banks Not Ready For Business Following Sanctions Relief
Iran knows full well that the end of international sanctions will only translate to more foreign trade and investment if major global banks re-connect with the Islamic republic. But of all foreign companies, banks are the most reluctant to resume
