The political and financial establishments want you to willingly get on board with the idea of abolishing, or at least reducing, cash. And they’re pumping out all sorts of propaganda to do it, trying to get people to equate crime and corruption with high denominations of cash. Simply put, the data doesn’t support their assertion.
Bail in risk - €4 Trillion Italian banking system at risk as referendum looms Sunday according to Financial Times. Italian banking system looks vulnerable to collapse whether the referendum is passed in Italy or not.
Each year in November the Financial Stability Board releases is ranking of the 30 banks that pose the greatest systemic risk to the global financial system and the two at the top of 2016's list just might surprise some folks.
...the payments were "in effect, sent to Citibank and then JPMorgan comes out with that totally false information this afternoon." Del Pino raged that Citibank deliberately delayed payments from PDVSA as part of a “campaign of terror” against the company and Venezuelan President Maduro is looking into legal action against JPMorgan over their report.
Bullion Banking is fractional reserve gold banking. The proliferation of unallocated gold credits has created a system in which very little physical gold backs up huge amount of claims on that same gold.