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Banking Crisis

10% Cap on Credit Card Fees?

APR fees on credit cards have never been higher, reaching an average of 24.92% as of September 2024 in the United States. In fact, credit card interest rates have...

Chase Bank “glitch” is the new term for Check Fraud

  Over the weekend, people have taken over a trend that had been going viral over writing fake checks to themselves and depositing it into their accounts by...

94 US Banks Burdened by Uninsured Deposits – Risk of Bank Runs

A new study by Florida Atlantic University believes that 94 separate US banks are facing a significant risk of bank runs. The at risk banks have all reported a 50%...

The London ECM Next Weekend

  We have reached a critical crossroads in the world economy. May 7th, 2024, was a profound turning point that changed the course of events as they are...

Bank Acquisitions Coming 

A recent report by KBW Regional Banking Index (KBW) suggests that Comerica, Zions, and First Horizon are at risk of being acquired by greater competitors. Larger...

PRIVATE BLOG – Review of World Bank Shares

PRIVATE BLOG – Review of World Bank Shares Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please...

COVID -II The Next Fake Plague to Control Civil Unrest

  They do not care about all the side effects and the number of people who have died. This is all about maintaining their control and power. So get ready for...

PRIVATE BLOG – The Coming CBDC & Debanking

PRIVATE BLOG – The Coming CBDC & Debanking Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more,...

Debanking Gold Dealers

  I reported previously that a dealer I knew suddenly had his credit line closed. I have warned that besides banks preparing for the coming CBCDs closing local...

Moody’s Slashes Bank Ratings

Moody’s has cut the credit ratings of ten small and mid-sized banks. The agency cited higher funding costs, rising interest rates, and increased risked due to the...