Tag: banks

Bank of England must plan for financial crisis sparked by aliens

The Bank of England must plan for a financial crisis being triggered by an official announcement confirming the existence of alien life, one of its former policy experts has claimed.

Helen McCaw served as a senior analyst in financial security at the UK’s central bank, preparing for events that could impact the economy.

She has now written to Andrew Bailey, the Bank’s governor, urging him to organise contingencies for the possibility that the White House may one day confirm we are not alone in the universe.

McCaw, a Cambridge graduate, believes a declaration of that magnitude would send shockwaves through the markets and could trigger bank collapses and civil unrest.

Until recently, suggestions that governments were covering up the existence of alien life were limited to a small coterie of conspiracy theorists and UFO activists.

However, a host of senior American officials, including the secretary of state, Marco Rubio, the New York senator Kirsten Gillibrand, and James Clapper, a former director of national intelligence, have recently indicated their belief in the possibility of intelligent non-human life.

Rubio, a close ally of President Trump, told the makers of the recently released UFO documentary The Age of Disclosure: “We’ve had repeated instances of something operating in the airspace over restricted nuclear facilities, and it’s not ours.”

Keep reading

Sen. Blackburn Just Laid It Out: Fraudsters Are Laughing All the Way to the Bank With Your Money

Sen. Marsha Blackburn said government fraud and improper payments are draining hundreds of billions of taxpayer dollars annually, citing Government Accountability Office estimates that she said reveal a systemic failure across federal programs nationwide.

In remarks focused on federal spending oversight, Blackburn said the scope of fraud extends far beyond any single state and represents a nationwide problem affecting virtually every major entitlement program.

“We know that this issue goes far from Minnesota and into every corner of the country and the Government Accountability Office and this report, I think, is significant,” Blackburn said.

Blackburn cited a GAO report estimating massive annual losses tied to fraudulent activity within government programs.

“It estimates that each year, each and every year that our government is losing between 233,000,000,520 $1 billion to fraud, fraudulent programs, fraudulent claims,” she said.

“So, think about that.”

She described those losses as the result of deliberate misconduct by individuals and organizations seeking to exploit taxpayer-funded systems.

Keep reading

Trump Administration Says Banks Will Soon Begin Distributing ‘Trump Cards’

A “Trump card” with an interest rate of 10 percent could be coming to Americans through banks that want to join President Donald Trump in lowering credit card rates.

Kevin Hassett, the director of the National Economic Council, said the concept of a one-year cap of 10 percent could be implemented voluntarily without needing to go through Congress.

“Our expectation is that it won’t necessarily require legislation, because there will be really great new Trump cards presented for folks that are voluntarily provided by the banks,” Hassett said on Fox Business.

“We’ve been in conversations with the big banks, with CEOs of many of the big banks who think that the president is on to something, that he’s got a great idea,” he said.

Banks “could potentially voluntarily provide for people who are in that sort of sweet spot — not having financial leverage very much because they don’t have access to credit, but they have enough income and stability in their lives that they’re worthy of credit,” Hassett said.

Trump kicked off the idea in a social media post earlier this month.

“Please be informed that we will no longer let the American Public be ‘ripped off’ by Credit Card Companies that are charging Interest Rates of 20 to 30%, and even more, which festered unimpeded during the Sleepy Joe Biden Administration,” Trump posted on Truth Social, adding “AFFORDABILITY!”

“Effective January 20, 2026, I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10%,” Trump posted.

“Coincidentally, the January 20th date will coincide with the one year anniversary of the historic and very successful Trump Administration. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN! PRESIDENT DONALD J. TRUMP,” he wrote.

Trump pushed the interest rate cap along with banning large institutional investors from buying single-family homes and a push to have Fannie Mae and Freddie Mac buy $200 billion in mortgage bonds to lower mortgage rates, according to The Hill.

Banks panned Trump’s concept.

Keep reading

Bank Sues Former Chicago Mayor Lori Lightfoot for Refusing to Pay Bill for 17 Months

JPMorgan Chase Bank is suing former Chicago Democrat Mayor Lori Lightfoot for letting her $11K credit card bill go unpaid for 17 months.

The media has learned that Lightfoot, who became the first Democrat Chicago Mayor not reelected to city hall in about 40 years, was served with a subpoena at her $900,000 Chicago home in October, the Chicago Tribune reports.

Chase ultimately decided in March that her $11,000 bill would be a charge-off, but her last payment of $5,000 on the debt was made on August 7, 2024, according to the bank’s records.

The bank reported that Lightfoot has had the card since 2005.

Lightfoot seems to be struggling to pay her bills despite claiming $402,414 in adjusted gross income in 2021 alone. The Tribune also notes that records show Lightfoot took out $210,000 in early distributions from her retirement account. She also earned $216,000 during each of her four years in office.

The ex-mayor seemed to have just as much trouble paying the bills for the city when she was mayor. As she was headed out of office in 2024, for instance, the city was suffering under an $85 million budget shortfall.

Lightfoot’s next appearance in court for her credit card debt is scheduled late this year.

Keep reading

Switzerland freezes assets of Venezuela’s Maduro and his inner circle

Switzerland has frozen all assets belonging to Venezuelan President Nicolas Maduro and individuals from his close circle, the Swiss government said.

“The Federal Council decided to freeze any assets held in Switzerland by Nicolas Maduro and other persons associated with him with immediate effect,” the statement reads.

The measure is said to ensure that “any illicitly acquired assets cannot be transferred out of Switzerland in the current situation.” The Federal Council added that the asset freeze targets individuals who have not previously been sanctioned in Switzerland and will not affect members of the current Venezuelan government. “The asset freeze is in addition to the sanctions against Venezuela that have been in place since 2018 under the Embargo Act,” the statement says.

Keep reading

What corporate media refuses to say about how the world is run

Corporate media dogma perpetuates a false narrative that the West consists of democracies where the popular will is expressed, when in reality, there is a merged intelligence community and an Anglo-American Establishment that exerts significant control.

The Bank for International Settlements, the City of London and other subsidiary policy makers, such as the World Economic Forum, wield significant power and influence global policies, often circumventing sovereignty and democratic processes.

Additionally, the intelligence community, including the CIA, MI6 and Mossad, has been involved in various regime change activities and covert operations, and has formed a merged criminal entity that acts against the interests of their supposed sponsor countries.

Keep reading

Three Honduran Nationals Sentenced in Multi-State Bank Fraud Conspiracy

Three Honduran nationals were sentenced to prison for their roles in a bank fraud conspiracy resulting in significant losses to small businesses and community banks in more than a dozen states, announced Acting United States Attorney M. Scott Proctor.

 The sentences were imposed by United States District Court Judge Philip P. Simon at hearings held on December 12 and 15, 2025.

Carlos Aquino Sosa, 26 years old, of Honduras, was sentenced to 41 months in prison followed by 1 year of supervised release after pleading guilty to two counts of conspiracy to commit bank fraud. He was also ordered to pay $533,043 in restitution.

Edwin Palacios Sosa, 27 years old, of Honduras, was sentenced to 27 months in prison followed by 1 year of supervised release after pleading guilty to two counts of conspiracy to commit bank fraud and one count of illegal re-entry. He was also ordered to pay $533,043 in restitution.

Delvin Velasquez Romero, 33 years old, of Honduras, received a time-served sentence dating back to July 8, 2024 (17 months in custody), followed by 1 year of supervised release after pleading guilty to one count of conspiracy to commit bank fraud and one count of illegal re-entry. He was also ordered to pay $233,569 in restitution.

These defendants have no legal status within the United States and will each be subject to a separate and immediate removal process upon release from prison.

According to documents in each case, on January 11, 2023, Aquino Sosa, Palacios Sosa, Velasquez Romero, and their co-conspirators used fake identification cards to cash 169 fraudulent paychecks totaling $233,569 at three branches of the same bank in the Northern District of Indiana. The fraudulent paychecks were designed to look like they had been issued by a company that operates dairy farms in the Northern District of Indiana.

Keep reading

New Files Show Epstein Was ‘Too Useful’ for Banks to Drop — Trump Was ‘Too Politically Dangerous’ to Keep

The newest Epstein disclosures include deposition testimony that illustrates, in unusually concrete detail, how major financial institutions assessed risk, value, and accountability.

The transcript does not add new allegations about Epstein. Instead, it explains why he remained bankable long after his 2008 conviction and why his relationship with major banks survived despite generating almost no traditional revenue.

That institutional logic is the same logic that later drove JPMorgan to end its ties with Trump Media, and the contrast between the two cases shows how selectively these standards are applied.

In the deposition, Paul Morris—a private banker who handled Epstein’s accounts at JPMorgan Chase and later Deutsche Bank—described Epstein’s financial profile with unusual precision.

Epstein’s trading was minimal. His accounts produced limited fees.

He was not a high-activity client and did not utilize the investment tools that banks rely on to generate consistent revenue. By every conventional benchmark, he was a low-value account.

And yet, the relationship continued.

The deposition shows why. Epstein was not retained for his financial performance but for his institutional usefulness.

Morris acknowledged that Epstein facilitated introductions to ultra-wealthy individuals that the bank viewed as essential prospects. One example was Leon Black, whom Morris identified as a “priority prospect” because of Black’s significant net worth and influence in the investment sector.

Epstein introduced the bank to real-estate investor Andrew Farkas and discussed a potential connection involving biotech investor Boris Nikolic, who had ties to Bill Gates.

These introductions were specific, documented, and initiated by Epstein, not the bank.

This is the key element that many public accounts overlook. Epstein was not being managed as a traditional client. He functioned as a relationship broker inside a system where introductions to power carry more internal value than account-level returns.

Banks routinely emphasize compliance structures, but the testimony shows how those structures contract when the client provides access that cannot be replicated elsewhere.

Keep reading

OCC Says 9 Big Banks Took Part In ‘Inappropriate’ Debanking Practices

The Office of the Comptroller of the Currency (OCC) has released a report saying that the nine largest lenders in the U.S. made “inappropriate distinctions” that it used to restrict services among certain customers.

Following the signing of an executive order by President Donald Trump in August of this year, the OCC began reviewing all banks for any current or past practices that effectively barred customers on the basis of political or religious belief.

Wednesday, the OCC released its report, saying that it had found conclusive proof that nine large banks had policies that either refused services to some industries or required higher levels of scrutiny that exceeded the actual financial risks between 2020 and 2023.

According to Bloomberg, the banks involved are accused of restricting access to firms in numerous sectors, including oil and gas exploration, coal mining, firearms, private prisons, payday lending, tobacco and e-cigarette manufacturers, adult entertainment, political action committees and digital assets.

The OCC said that many of the banks had publicly disclosed their policies, which were often tied to environmental, social and governance (ESG) goals.

Comptroller of the Currency Jonathan Gould said in a statement:

“It is unfortunate that the nation’s largest banks thought these harmful debanking policies were an appropriate use of their government-granted charter and market power. While many of these policies were undertaken in plain sight and even announced publicly, certain banks have continued to insist that they did not engage in debanking.”

The Bank Policy Institute, which advocates for many of the lenders named in the OCC report, issued a statement saying, “It’s in banks’ best interest to take deposits, lend to and support as many consumers and businesses as possible to drive economic growth. The industry supports fair access to banking and is already working together with Congress and the administration to ensure banks are able to serve law-abiding customers.”

Earlier in the week, JP Morgan CEO Jamie Dimon was dismissive of concerns about debanking, telling Fox News that the issue was mostly made up and that the people concerned about it needed to “grow up”

Keep reading

Epstein enlisted Rothschild-run bank to fund Israel’s cyberweapons development: Report

Deceased US financier and notorious sex offender Jeffrey Epstein attempted to use a Swiss, Rothschild-run private bank to raise money for Israeli cyberweapons development, according to leaked emails from the inbox of former Israeli premier Ehud Barak. 

The emails were obtained from a hack carried out by non-profit whistleblower Distributed Denial of Secrets, and cited in a report released by Drop Site News. 

In 2019, Bloomberg revealed that Ariane de Rothschild, CEO of Edmond de Rothschild Group (then vice chairman), visited Epstein’s New York mansion in 2015. Epstein was found dead in his prison cell less than two weeks later. 

The bank denied it at the time, but admitted four years later that de Rothschild met Epstein as part of her “duties” at the institution – coming after the Wall Street Journal (WSJ) released the sex offender’s meeting calendars. 

Epstein provided introductions to US finance leaders and law firms and provided tax and risk consulting, the bank said, while also assisting de Rothschild personally on “a couple of occasions” with estate management advice.

However, emails released by the US House Oversight Committee earlier this month revealed a closer relationship between Epstein and de Rothschild. Epstein had arranged to see a play with her, and had also planned a trip to Montreal with her. 

The Barak emails obtained by Handala show that Epstein tried to use his friendship with de Rothschild to fundraise for Israeli cyberweapons development. After retiring from government in 2013, Barak worked with Pavel Gurvich – a graduate of the Israeli army’s Unit 81 technology unit – to find cyberweapons startups linked to the Israeli intelligence community. 

Conversations between Barak and Gurvich included a variety of cyberweapons concepts and ideas derived from Israeli army research and inspired by the US National Security Agency’s (NSA) vast surveillance network. 

Epstein also pushed plans to finance these cyberweapons companies and sought to get support from de Rothschild. 

The emails show Epstein played the role of middleman between the former Israeli prime minister and de Rothschild.

“If Ehud wants to make serious money, he will have to build a relationship with me. Take time so that we can truly understand one another,” said a message from de Rothschild relayed to Barak by Epstein. 

“I’m ready. But I need your advice re HOW? (ladies is your forté),” Barak responded to Epstein.

“It’s not clear whether the Rothschild bank ultimately participated directly in Epstein and Barak’s cyberweapons efforts – but in October 2015, de Rothschild negotiated a $25 million contract with Epstein’s Southern Trust Company, the same entity Epstein used to fund Barak’s intelligence-linked security startup Reporty Homeland Security (now known as Carbyne) earlier that year,” Drop Site News revealed. 

Earlier this month, Drop Site News also revealed via leaked emails that Epstein and Barak helped Israeli intelligence shape the security apparatuses of several African nations, most notably in Cote d’Ivoire.

The new US House Oversight Committee disclosures from earlier in November show that de Rothschild and Epstein remained close over the years. 

Epstein was convicted in 2008 for soliciting a minor for prostitution but was given a non-prosecution plea deal by the Miami US attorney, Alexander Acosta, who stated that he was warned to “back off” because the convict was connected to an unnamed intelligence agency.

The sex offender was again arrested in 2019 on federal sex-trafficking charges. He died while in prison awaiting his trial, under mysterious circumstances. 

Prison authorities claim he committed suicide, yet this is disputed.

Keep reading