CFPB Busts US Bank Employees Opening Fake Accounts To Meet Sales Goals The CFPB is alleging that US Bank pressured US Bank employees to open fake accounts in their customers’ names. The agency is also alleging the practice has been going on for over a decade. The bank expected employees to meet unrealistic sales goals. […]
Ukraine Will Pursue War Crimes Charges Against JPMorgan Chase, Citibank And HSBC For Helping Russia Finance It’s War Effort Ukraine is pursuing war-crimes charges against several western banks. Ukrainian President Volodymyr Zelenskyy’s office alleges they have been indirectly funding the Russian state and the Russian invasion of Ukraine. Ukrainian Official Oleg Ustenko told CNBC: There […]
Massive Wall Street Layoffs Of Junior Bankers Is Imminent As Banking Giants See Profits Plummet Wall Street spent the past year acting like the financial bulimics they are. They spent the past year binging on bankers and now they are leaning over the world toilet ready to puke it all out. Junior bankers are predicting […]
Mortgage Applications Plummet To 22-Year Low As Home Sales Drop 14% From A Year Ago. Mortgage applications have hit a 22-year low demand for homes is drying up. This is due to raising interest rates soar and plunging home sales. The lending industry is pointing the finger at the Federal Reserve‘s interest rate hikes. The […]
Bank of America Reports Mortgage Originations Are Down 11.5% In Second Quarter Bank of America reports that customers haven’t slowed down their activities despite a fear of a recession. In addition. Bank of America reported that deposits have grown to a record level above $1 trillion. The bank also says consumer spending is increasing for […]
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