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EU Proposes Freezing Bank Accounts To Bailout Megabanks

After nervous customers panicked and drained their accounts, ultimately causing the collapse of Spanish bank, Banco Popular, equally jittery European Union officials are debating the merits of freezing access — preventing anyone from withdrawing any money — at the first sign of a bank run. Proponents claim measures to halt a rush of withdrawals would Read More…

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After US Refused to Charge Them for Laundering Terrorist Money, Megabanks Busted AGAIN

An investigative reporting coalition recently released a report alleging a multi-billion dollar money laundering operation that has affected hundreds of banks and companies in 96 countries including the repeat offender, HSBC. In 2012, HSBC, one of the world’s largest banks, settled with the U.S. Government, avoiding criminal prosecution of its executives, for helping to launder money Read More…

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8 Years After US Banking Collapse, Implosion of Megabank Poised to Decimate the Global Economy

Berlin, Germany – The most prominent bank in Germany is at risk of failure, with potentially profound effects for the EU, the United States and likely the rest of the world. Deutsche Bank shares have fallen sharply on the news that German Chancellor Angela Merkel won’t bail-out the struggling bank, with shares falling by as Read More…