July 13, 2023, JP Morgan Chase Bank informed me they are closing all of my business accounts, along with the personal accounts of my CEO, my CFO and their respective spouses and children
Tag: banks
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JPMORGAN BECOMES A GOLD BUG
With a recession still likely, gold’s price will break through $2,000 later this year and set new records in 2024 as the U.S. Federal Reserve begins cutting interest rates in next year’s second quarter, analysts at megabank JPMorgan Chase predicted.
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BANK OF CANADA RAISES INTEREST RATES TO 22-YEAR HIGH
Once again, the Bank of Canada (BoC) raised its key interest rate by a quarter point, moving it from 4.75 to 5.0 percent in the wake of second-quarter consumer spending that was stronger than predicted.
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TOP TREND 2023: OFFICE BUILDING BUST, HSBC LATEST TO FLEE LONDON’S CANARY WHARF
HSBC, Europe’s largest bank, announced on 26 June it will leave its self-named Canary Wharf headquarters and move its 8,000 staff members to smaller digs in “The City,” the London district equivalent to New York’s Wall Street.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s plain and simple. Across the globe, there are more and more forecasts for rising interest rates and more fears of recession. In this 44 of our job-cut report, the biggest job cuts are from the UBS banksters who are ready to fire some 35,000 Credit Suisse employees following its emergency takeover of the bank.
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YELLEN AGREES WITH CELENTE: MORE BANKS WILL MERGE
More banks will merge this year as their costs rise, operating margins shrink, and other institutions offer higher interest rates to depositors, U.S. treasury secretary Janet Yellen said at last week’s conference in Paris on global debt and climate issues.
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BANK OF JAPAN HOLDS INTEREST RATE STEADY AT -0.1 PERCENT
The Bank of Japan (BoJ) held its key interest rate at -0.1 percent last week, continuing to defy the trend set by most other developed economies to raise rates to combat inflation.
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SPOTLIGHT: BIGS GETTING BIGGER
As we had long forecast, the higher central banks raise interest rates, the lower the Merger and Acquisition trend... which hit record highs during the COVID war when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies. Now M&A activity has slowed to a trickle as we have continued to detail.
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BANK OF CANADA SETS INTEREST RATE AT 22-YEAR HIGH
After a five-month pause in rate increases, the Bank of Canada (BoC) lifted its key rate on 7 June from 4.50 percent to 4.75 percent, its highest since 2001.
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BANK REGULATORS MUST “SIGNIFICANTLY” BOOST THEIR BUDGETS, BIS SAYS
Nations’ bank overseers must increase their budgets dramatically to step up supervision in the wake of March’s twin collapse of Signature and Silicon Valley banks in the U.S. and Credit Suisse’s failure in Switzerland, the Bank for International Settlements (BIS) said in a statement last week.