Alarming Trend: Withdrawing Money Banned by Russian Bank

MY-BANK-Russia-1 First, HSBC required customers to explain why they were withdrawing money. Then, ATMs from Lloyds Banking Group in the UK mysteriously went down. Now, the alarming trend continues, as one of the top banks in Russia announces that no one can withdraw cash until the end of next week. 'My Bank' – one of Russia's top 200 lenders by assets – has introduced […]

More Bi-Partisan Bedfellows Compromise - $956B Farm Bill Results In No Actual Cuts in Food Stamps

foodstamp Proving that neither party really wants to do anything about escalating costs of anything, in typical D.C. compromise action, the House Passes $956B Farm Bill in a bipartisan vote. Speaker John Boehner (R-Ohio), and Majority Leader Eric Cantor (R-Va.), and Minority Leader Nancy Pelosi (D-Calif.) all voted for the bill. Democrats are howling over miniscule […]

Why Are London Bank Executives Killing Themselves?

468320FenchurchStreet_pic4 Bankers committing suicide by jumping from the rooftops of their own banks is something that we think of when we think of the Great Depression. Well, it just happened in London, England. A vice president at JPMorgan's European headquarters in London plunged to his death after jumping from the top of the 33rd floor. He […]