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Sep 26, 2022
09/22
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exercise to better assess the long-term climate related financial risks facing the largest financial institution. these are a few of my near-term priorities to make financial systems safer. i have more to the coming weeks. let me turn now to my other major objective as vice chair which is to make the financial systems fair. in the past i've described the three essential elements of fairness and financial systems as a three-legged stool because all three are necessary for the many aspects of fairness to work. the three ourfinancial capability, a natural access and consumer protection . in terms of financial capability the important component is transparency across services. which means making sure consumers have the information they need to make good decisions. along with other banking agencies the federal reserve has a role to play in ensuring banks disclose costs and explain the services they provide. more broadly though it means basing policy on a deeper understanding of human decision-making and the concepts in which households make those choices. under financial inclusion one example would b
exercise to better assess the long-term climate related financial risks facing the largest financial institution. these are a few of my near-term priorities to make financial systems safer. i have more to the coming weeks. let me turn now to my other major objective as vice chair which is to make the financial systems fair. in the past i've described the three essential elements of fairness and financial systems as a three-legged stool because all three are necessary for the many aspects of...
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147
Sep 7, 2022
09/22
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CSPAN
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eye 147
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of the pandemic didn't involve the banks, but involve nonbanks financial to duchenne's -- financial institutions. i'm curious, what role you think you can play in that, in monitoring that part of the financial system, whether we have adequate macro tools. concentrating on the banks would not be sufficient. michael: i think we have to look at risks throughout the financial system, not just with don -- not just within the banking sector. it's part of my job to help with that work. i think we have some windows into the nonbank financial institution world that are quite good. and other areas where we do not really have a even basic data and we would have to work on that in the future. the tools that we have with respect to entities that are not regulated by the fed or by bank regulators depends a bit on the technicality of where they fall in the system. are the under the supervision of the ftc, where there might be an inability to take effective action directly. or do they fall further within the regulatory permit or where they are avoiding the subject of regulation, the effort to get after them are
of the pandemic didn't involve the banks, but involve nonbanks financial to duchenne's -- financial institutions. i'm curious, what role you think you can play in that, in monitoring that part of the financial system, whether we have adequate macro tools. concentrating on the banks would not be sufficient. michael: i think we have to look at risks throughout the financial system, not just with don -- not just within the banking sector. it's part of my job to help with that work. i think we have...
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33
Sep 10, 2022
09/22
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CSPAN2
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eye 33
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not see us tell firms but not to do credit allocation are put the thumb on the scale how financial institutions think of these issues we want them to think about financial risk and to supervise how they think of that financial risk. >> do the markets underestimate that transition and physical risk or is that factored in? >>yo we are such an early stage i cannot begin to answer your question one thing we will learn from the pilot exercises how institutions can think of that in a systematic way. >> my colleagues have microphones so we will take wetwo or three questions and let the feist chair answer them if you don't have questions ify have plenty. >> as vice chair supervision also a voting member of fomc so do you think you should bring a unique regulatory experience to the monetary policy or is it to focus on the regulatory issues to be one of the key players for monetary policy? thank you. >> i wrote my question down and with the refugee bet when the government entity starts using the justification for the regulatory policies. inflation as i gun down at the fair policies if you thinkar they ar
not see us tell firms but not to do credit allocation are put the thumb on the scale how financial institutions think of these issues we want them to think about financial risk and to supervise how they think of that financial risk. >> do the markets underestimate that transition and physical risk or is that factored in? >>yo we are such an early stage i cannot begin to answer your question one thing we will learn from the pilot exercises how institutions can think of that in a...
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48
Sep 22, 2022
09/22
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CSPAN
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eye 48
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new york state financial institution for five years. we are requiring mr. trump and the trump organization -- and to appoint an independent monitor at the trump to oversee compliance, financial reporting, evaluations, and disclosures to lenders, insurers and tax authorities for no less than five years. we are requiring the trump organization to prepare on an annual basis for the next five years and audited statement of financial condition joint mr. trump's net worth to be distributed to all of his affiliations. to replace the current trustees of the donald trump irrevocable trust of new independent trustees that will require similar independent governance if a new trust is created in two permanently bar allen weisselberg and jeffrey mccartney observing in the financial control of any new york organization. and lastly to cancel any certificate filed under and by the virtues of the general business law of court and -- corporate entities and any other entity controlled by donald trump which participated and benefited from the ongoing finan
new york state financial institution for five years. we are requiring mr. trump and the trump organization -- and to appoint an independent monitor at the trump to oversee compliance, financial reporting, evaluations, and disclosures to lenders, insurers and tax authorities for no less than five years. we are requiring the trump organization to prepare on an annual basis for the next five years and audited statement of financial condition joint mr. trump's net worth to be distributed to all of...
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69
Sep 22, 2022
09/22
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CSPAN
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eye 69
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the whole idea of what to train financial institution employees to be able to spot and report financial exploitation of older americans. so my question for you is, if someone from your bank had seen this very suspicious transaction, when you are opening a line of credit that you have not used in, you said, 17 years, and asked you about it , would that have stop the scam? >> yes. it would've stopped it on any level. they could've emailed me, texted me, phoned me. if i go on a trip and i use a credit card and i had not let usaa known that i was traveling to another state, the first charge might go through, but the second time i card would be frozen. that's 20 dollars. we are talking about $20,000, and they did not find that i expect notification. i didn't expect a notification because i haven't used it. i thought it was closed. i had no use for it. but that's one thing they can do. i think it's very important that not only seeing the money being moved but seeing the accounts being utilized that were not open before, it's important in the education that we give to the bankers also or any f
the whole idea of what to train financial institution employees to be able to spot and report financial exploitation of older americans. so my question for you is, if someone from your bank had seen this very suspicious transaction, when you are opening a line of credit that you have not used in, you said, 17 years, and asked you about it , would that have stop the scam? >> yes. it would've stopped it on any level. they could've emailed me, texted me, phoned me. if i go on a trip and i...
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60
Sep 21, 2022
09/22
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CSPAN
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eye 60
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financial institutions and to pursue all guards involved in violations of u.s. export controls. we've also filed an all-seal charges against russian oligarchs themselves and their associates for invading sanctions and other related. crimes the department welcomes the committee's consideration of legislation to augment the task for civility to seek charges and seize assets, resulting from all derricks corrupts dealings with the russian government, and enable the transfer of proceeds from those actions to ukraine to remediate the harms caused by the russian aggression. in addition, the department continues to advocate for the following key proposals. one, our proposal to clamp down on the facilitation of sanctions by amending the international emergency economic powers act, and it's penalty provision to extend the existing forfeiture thorough days to facilitating property and not simply the proceeds of such offenses. second, our proposal to add criminal violations of it and the export control reform act, to the definition of racketeering activity and their racketeer influenced or
financial institutions and to pursue all guards involved in violations of u.s. export controls. we've also filed an all-seal charges against russian oligarchs themselves and their associates for invading sanctions and other related. crimes the department welcomes the committee's consideration of legislation to augment the task for civility to seek charges and seize assets, resulting from all derricks corrupts dealings with the russian government, and enable the transfer of proceeds from those...
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46
Sep 22, 2022
09/22
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CSPAN2
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eye 46
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in other words there is more being held by the financial institutions as the interest rates are rising. one of thehe silver linings is they are supposed to be reworded for savings and the interest on the savings accounts go up yet what we have here is the rate that is at 2.5% on the record. the institutions pay between .01% and .05%. 2.9% on the deposits of their own so i wanted to add across the board can they confirm whether or not they are going to be increasing the interest rate they are paying at any time soon? >> you heard the question. >> you cited, thank you. we will continue to monitor the rates as appropriate given what is going on. >> the gentleman's time is expired and the chair recognizes the gentleman from north carolina you are recognized. >> president biden tried to downplay the negative impact of the 40 year high inflations and said 8.3%, inflation isn't that bad because it hasn't spiked recently. did you also know the second quarter gdp was negative for the second consecutive quarter which is a textbook definition. of course president biden is trying to deny this as w
in other words there is more being held by the financial institutions as the interest rates are rising. one of thehe silver linings is they are supposed to be reworded for savings and the interest on the savings accounts go up yet what we have here is the rate that is at 2.5% on the record. the institutions pay between .01% and .05%. 2.9% on the deposits of their own so i wanted to add across the board can they confirm whether or not they are going to be increasing the interest rate they are...
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29
Sep 26, 2022
09/22
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CSPAN2
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eye 29
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our financial institutions and our financial markets are essential to american competitors abroad, and they are reason why the u.s. is the top destination for foreign investment. as living expenses for americans increase and concerns about the economy grow, we remain very focused on our role as a bank in job and in both creation. through cities extensive global network and footprint, we partner with the most iconic american businesses, as well as the federal government, to help them navigate the global economy. we've been supporting our clients as they build resiliency, reconfigure supply chains and adapt to inflationary pressures. and we help these institutions invest in projects that put them in a position to succeed in the 21st century. new season best mids that put a lot of people to work in the u.s.. the private sector clients we serve are aware millions proudly earned their living. and they depend on suppliers who in turn employ millions here at home. at citi, we employ 70,000 people here in the u.s., working in cities across the country such as jacksonville, st. louis and los an
our financial institutions and our financial markets are essential to american competitors abroad, and they are reason why the u.s. is the top destination for foreign investment. as living expenses for americans increase and concerns about the economy grow, we remain very focused on our role as a bank in job and in both creation. through cities extensive global network and footprint, we partner with the most iconic american businesses, as well as the federal government, to help them navigate...
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42
Sep 24, 2022
09/22
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CSPAN
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eye 42
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i feel like there is more ordination amongst the international financial institutions come about at the same time there was talk last year at cop 26 that we will all get out of financing gas, oil, coal projects. that did not come about. what was your role? do you want to see everyone aligned on getting out of some fuels, or is that a layer coordination that is too much for you? david: within the international community, there are a lot of different voices, and in fact, that is changing substantially. you have seen the european union seems to be embracing him at least for the current natural gas and nuclear. it looks as if the u.k. will be moving towards fracking in order to have a source of natural gas, and so as we look at our shareholders, and will, it is an issue for our shareholders but a direct issue for me in the that how do we use diagnostics to help countries move in the right direction, so that applies then to other financial institutions. there are other multilateral development banks that i should be quick to point out, the world bank does a fifth of what all the other intern
i feel like there is more ordination amongst the international financial institutions come about at the same time there was talk last year at cop 26 that we will all get out of financing gas, oil, coal projects. that did not come about. what was your role? do you want to see everyone aligned on getting out of some fuels, or is that a layer coordination that is too much for you? david: within the international community, there are a lot of different voices, and in fact, that is changing...
5
5.0
Sep 20, 2022
09/22
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RUSSIA24
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eye 5
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denis bank and izh-bank have ceased to work with the world in other financial institutions, for examplekin in zirat bank and halk in banks, banks still continue to issue turkish lira at atms from the turkish authorities of any prohibitions on the work of the russian payment system was not introduced. this is an exclusively private initiative, and the banks that suspended operations with the world simply decided to play it safe, experts say. there was more pressure on them in the sense that their activities in the international market of international settlements are part of which looks to the west of the euro in dollars and the united states is most likely to roll over all the volumes that they receive from the russian market, so for them this may be critical and they would like to remain within the framework of traditional, perhaps, calculations. in recent days, there have been hints in the press that the united states and the european union are behind the scenes discussing possible restrictions on the national payment card system, nspk, it is going to put pressure on ankara precisely
denis bank and izh-bank have ceased to work with the world in other financial institutions, for examplekin in zirat bank and halk in banks, banks still continue to issue turkish lira at atms from the turkish authorities of any prohibitions on the work of the russian payment system was not introduced. this is an exclusively private initiative, and the banks that suspended operations with the world simply decided to play it safe, experts say. there was more pressure on them in the sense that...
15
15
Sep 29, 2022
09/22
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CSPAN2
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eye 15
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today hundreds of russian individuals are sanctioned including majority of the financial institutions and supply chains. and oligarchs who helped perpetuate this war. united states has been joined by over 30 countries representing our than half of the global economy and imposing the largest sanctions regime in modern history. on the other site, russian propaganda has been enough to bury unfavorable news sink sanctions are not working and to cause food insecurity. in fact, russia has crippled farming and expert economy and driven up global energy and grain prices. u.s. and partner economies have had and will continue to have a significant effect on russia's ability to fund its war. russia has been forced to impose capital controls, it will contract for the next two years which was also mentioned. the russian stock market is about 35% below prewar level. russia is burning through its rainy day fund moving towards a deficit by years end. something for, russia's economic picture is bleak and is deteriorating. significantly, the economic constraints are translating into battlefield difficu
today hundreds of russian individuals are sanctioned including majority of the financial institutions and supply chains. and oligarchs who helped perpetuate this war. united states has been joined by over 30 countries representing our than half of the global economy and imposing the largest sanctions regime in modern history. on the other site, russian propaganda has been enough to bury unfavorable news sink sanctions are not working and to cause food insecurity. in fact, russia has crippled...
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67
Sep 22, 2022
09/22
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CSPAN2
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eye 67
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-- in other words, there's a lot more deposits being held by these financial institutions as interest rates are rising. one of the only silver linings is that saviors are supposed to be rewarded for their savings. they're supposed to see the interest that they earn go up. you have what we have here is the fed funds rate that currently, mr. tournament, at 2.5%, on the record, it's that 2.5%. the institutions paying between 0.01% at 0.05%. which means -- they're making between anywhere to two -- on the deposits of their customers. i want to ask across the board real quick, mister chairman. can they confirm whether or not they are going to be increasing the interest rates that they're paying to their depositors at anytime soon? >> mr. -- you hear the question? >> we would expect to continue to monitor rates and raise rates as appropriate given what is going on with the competition. >> the same. we expect them to raise them overtime. >> mr. diamond? >> we expect them to go up soon. >> mrs. frazier? >> yes we will. >> mr. monahan? >> rates will go up in the future. >> mr. rogers? >> yes re
-- in other words, there's a lot more deposits being held by these financial institutions as interest rates are rising. one of the only silver linings is that saviors are supposed to be rewarded for their savings. they're supposed to see the interest that they earn go up. you have what we have here is the fed funds rate that currently, mr. tournament, at 2.5%, on the record, it's that 2.5%. the institutions paying between 0.01% at 0.05%. which means -- they're making between anywhere to two --...
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25
Sep 29, 2022
09/22
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CSPAN2
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eye 25
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that something we discuss with because you have noted some the financial institutions the eu has diskt not impose full blocking measures on for example pride that is an opportunity for us to encourage our european counterparts to work with them to match ours. i will note based on the disposition of assets where they are in which jurisdiction it may be more impactful for europe to take full blocking actions than for the united states if they do not have assets in our jurisdiction. while we are moving towards complementarity and consistency across regimes nevertheless some of the priority measures for our european colleagues might be ranked ahead of ours if theyo have a greater opportunity to impede and block assets because they reside in their jurisdiction. >> senator trish and i often get to meet as well as other members here, heads of state or foreign ministers fromul these countrie. i would like to get a list so when we meet them we can raise the question. >> thank you, mr. chairman for that's an excellent idea. we do talk with them we are pulling the wagon together it's best to hav
that something we discuss with because you have noted some the financial institutions the eu has diskt not impose full blocking measures on for example pride that is an opportunity for us to encourage our european counterparts to work with them to match ours. i will note based on the disposition of assets where they are in which jurisdiction it may be more impactful for europe to take full blocking actions than for the united states if they do not have assets in our jurisdiction. while we are...
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69
Sep 28, 2022
09/22
by
BBCNEWS
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eye 69
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that means the balance sheet of those financial institutions will have also deteriorated.ning their solvency. that is not an issue for the major institutions, but there may be small ones where the decline in bond prices is significant.— ones where the decline in bond prices is significant. sorry to make this an economics _ prices is significant. sorry to make this an economics 101. _ prices is significant. sorry to make this an economics 101. i _ prices is significant. sorry to make this an economics 101. i will- prices is significant. sorry to make this an economics 101. i will bringl this an economics 101. i will bring ou to this an economics 101. i will bring you to the _ this an economics 101. i will bring you to the next — this an economics 101. i will bring you to the next bit. _ this an economics 101. i will bring you to the next bit. the - this an economics 101. i will bring you to the next bit. the next - this an economics 101. i will bring l you to the next bit. the next chain, this is why the bank of england has announced this facility is of course if these inst
that means the balance sheet of those financial institutions will have also deteriorated.ning their solvency. that is not an issue for the major institutions, but there may be small ones where the decline in bond prices is significant.— ones where the decline in bond prices is significant. sorry to make this an economics _ prices is significant. sorry to make this an economics 101. _ prices is significant. sorry to make this an economics 101. i _ prices is significant. sorry to make this an...
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77
Sep 28, 2022
09/22
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CSPAN
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eye 77
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today hundreds of russian individuals are sanctioned including majority of the financial institutions and supply chains. and oligarchs who helped perpetuate this war. united states has been joined by over 30 countries representing our than half of the global economy and imposing the largest sanctions regime in modern history. on the other site, russian propaganda has been enough to bury unfavorable news sink sanctions are not working and to cause food insecurity. in fact, russia has crippled farming and expert economy and driven up global energy and grain prices. u.s. and partner economies have had and will continue to have a significant effect on russia's ability to fund its war. russia has been forced to impose capital controls, it will contract for the next two years which was also mentioned. the russian stock market is about 35% below prewar level. russia is burning through its rainy day fund moving towards a deficit by years end. something for, russia's economic picture is bleak and is deteriorating. significantly, the economic constraints are translating into battlefield difficu
today hundreds of russian individuals are sanctioned including majority of the financial institutions and supply chains. and oligarchs who helped perpetuate this war. united states has been joined by over 30 countries representing our than half of the global economy and imposing the largest sanctions regime in modern history. on the other site, russian propaganda has been enough to bury unfavorable news sink sanctions are not working and to cause food insecurity. in fact, russia has crippled...
18
18
Sep 27, 2022
09/22
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CSPAN3
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eye 18
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in the last decade, we've seen financial institutions develop technology oriented solutions to meet consumers needs. these new choices create a more competitive marketplace. all of which benefits consumers. as long as consumers have truthful and accurate information about financial products, it's the consumers who are best positioned to decide what products to use. any regulation of financial products should fit the product type, make room for innovation, and maximize consumer choice. too often, however, the response from some of my friends on the other side of the aisle is to see something new and panic. let's talk about some of these new products. one of them is called the pay now, pay later or, i'm sorry, buy now, pay later, or bnpl. bnpl typically allows consumers to make purchases now, often online, and repay them in for interest free installments later. the service can be a very attractive way for consumers to manage their cash flows, to paying goods and services -- any interest. that's especially true for consumers who don't have or don't want to use a credit card for such purchases. t
in the last decade, we've seen financial institutions develop technology oriented solutions to meet consumers needs. these new choices create a more competitive marketplace. all of which benefits consumers. as long as consumers have truthful and accurate information about financial products, it's the consumers who are best positioned to decide what products to use. any regulation of financial products should fit the product type, make room for innovation, and maximize consumer choice. too...
14
14
Sep 23, 2022
09/22
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CSPAN2
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eye 14
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collaborating with a variety of financial institutions, aging organizations and federal agencies like ftc. w welcome. the second witness, a senior adult protective services specialist for the san diego county in california and dedicated her career to advocating for older adults safeguarding finances and ensuring their safety. in 2020 when she received the chief investigator commendation award from the san diego district attorney for investigations for her efforts to recover $75000 for a senior in her community. our third witnesses a pennsylvanian born and raised in pittsburgh pennsylvania and allegheny county. formally a school bus driver and healthcare worker retired, two daughters, three grandchildren and two great-grandchildren. she will share her experience today with the scammers who impersonated her bank and the steps she took to respond to the scam. >> thank you, mr. chair and it's my pleasure. it's my pleasure to talk about this and to reside in seneca south carolina the last 32 years. a retired nurse holding a masters in nursing and a veteran of the air force. thank you for y
collaborating with a variety of financial institutions, aging organizations and federal agencies like ftc. w welcome. the second witness, a senior adult protective services specialist for the san diego county in california and dedicated her career to advocating for older adults safeguarding finances and ensuring their safety. in 2020 when she received the chief investigator commendation award from the san diego district attorney for investigations for her efforts to recover $75000 for a senior...
26
26
Sep 21, 2022
09/22
by
BLOOMBERG
tv
eye 26
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our financial institutions and financial markets.ir essential to american competitors abroad and the reason why the u.s. is the top destination for foreign investment. its living expenses for americans increase and concerns about the economy grow, we remain focused on our role as a bank in jobs and wealth creation. through our extensive global network we partner with the most iconic american businesses as well as the federal government to help them navigate the global economy. we've been supporting our clients as they build resiliency, we configure supply chain and adapt to inflationary pressures. we help them invest in projects that put them in a position to compete in the 21st century. it's these investments that put a lot of people to work in the u.s.. the private sector clients we serve are where millions of americans proudly earn their living. they rely on vendors and suppliers who in turn employ millions here at home. we employ 70,000 people here in the u.s. working in cities across the country such as jacksonville, st. louis a
our financial institutions and financial markets.ir essential to american competitors abroad and the reason why the u.s. is the top destination for foreign investment. its living expenses for americans increase and concerns about the economy grow, we remain focused on our role as a bank in jobs and wealth creation. through our extensive global network we partner with the most iconic american businesses as well as the federal government to help them navigate the global economy. we've been...
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80
Sep 28, 2022
09/22
by
BBCNEWS
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eye 80
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the major financial institution, iwould be issue for any of the major financial institution, i woulds why the bank of england has announced this facility, is of course if these institutions find themselves in financial difficulties, what they will do is cutback on lending, whatever their main raison d�*etre is that will feed through into the real economy to households, businesses and so forth. so the important thing for the bank is basically to keep the financial system operating smoothly. we introduced a similar facility in early 2009 for corporate bonds, for the bonds that companies issue, with exactly the same objective, to temporarily step in when there weren�*t buyers of corporate bonds, in this case it is investors reluctant to hold uk government bonds, or more reluctant. and the bank is stepping in if you like as a buyer of last resort. it sees what is happening as being a temporary phenomenon, that is why it said it will last just 14 days. phenomenon, that is why it said it will lastjust 14 days. it believes that the yields on government bonds have risen too much, so that the
the major financial institution, iwould be issue for any of the major financial institution, i woulds why the bank of england has announced this facility, is of course if these institutions find themselves in financial difficulties, what they will do is cutback on lending, whatever their main raison d�*etre is that will feed through into the real economy to households, businesses and so forth. so the important thing for the bank is basically to keep the financial system operating smoothly. we...
22
22
Sep 22, 2022
09/22
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CSPAN2
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eye 22
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financial corporations have access to approximately $532 billion. my predecessor institutionsngagedorat in financing. the financial services corporation of approximately $534 billion into the predecessor loaned $135,000 to a railroad company that he was to slave laborll in 1852. u.s. bancorp assets of approximately $582 billion. the predecessor institution made the loan secured by enslaved people. wells fargo assets of approximately $1.71 trillion, the predecessor bank as collateral in at least 24 transactions took temporary possessionli of enslaved people from defaults on loans. conducted business with thee confederacy. a city court assets of approximately $1.72 trillion provided a chart of mergers pursuant to the request we made course of 210 years that is lengthy and complex but did give the detailed report after we asked for more information and then received it to date. bank of america $244 trillion the predecessor bank's security mortgage with real and personal property. the borrower's property included 13 enslaved people. the predecessor bank agreed to a 10,000-dollar m
financial corporations have access to approximately $532 billion. my predecessor institutionsngagedorat in financing. the financial services corporation of approximately $534 billion into the predecessor loaned $135,000 to a railroad company that he was to slave laborll in 1852. u.s. bancorp assets of approximately $582 billion. the predecessor institution made the loan secured by enslaved people. wells fargo assets of approximately $1.71 trillion, the predecessor bank as collateral in at least...
15
15
Sep 1, 2022
09/22
by
RUSSIA24
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eye 15
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the republics assured that financial institutions that can provide such a service will be found, includingegorically completely lithuania of this transit e is not going to refuse, because this is a very, very large component of the budget, especially with regard to, uh, the lithuanian railways, because it was they who, uh, provided most of the budget. deposits also receive loans in rubles. now it is possible remotely from september, banks with a universal license are required to provide this option to individuals after their identification. in addition, citizens will be able to independently register their data in the unified biometric system without visiting the office of a financial institution. the central bank expanded the base for testing of unqualified investors now includes eight questions instead of four by the end of the year there will be 11 for each financial instrument of the transaction that requires such a test, however, only four will still be asked, randomly selected. since july 1, a traceability system for the circulation of grain and its products has been launched in russ
the republics assured that financial institutions that can provide such a service will be found, includingegorically completely lithuania of this transit e is not going to refuse, because this is a very, very large component of the budget, especially with regard to, uh, the lithuanian railways, because it was they who, uh, provided most of the budget. deposits also receive loans in rubles. now it is possible remotely from september, banks with a universal license are required to provide this...
17
17
Sep 16, 2022
09/22
by
CSPAN2
tv
eye 17
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next we have ida rademacrer, from the aspen institute, the vice-president there, and as aspen financial security institute. and she has expertise in economic inclusion, research and policy with her record as a collaborative and creative thinker to expand the effort to bring to the national forefront a solutions focused discussion of how america can actually improve economic growth by addressing growing levels of wealth inequality and household financial insecurity. her efforts have resulted from the creation of several new cutting edge initiatives, including, the expanding prosperity impact collaborative and the recorrecting work and wealth initiative and the aspen leadership forum on retirement savings. through these projects, ida and her team are building a cross disciplinary leaders and change agents together who are deeply probing critical challenges with u.s. households and shaping policy innovations that can improve the well-being of all americans. next, came all the way from the brookings institution, next door, we have aaron klein, center fellow at brookings institution, a senio
next we have ida rademacrer, from the aspen institute, the vice-president there, and as aspen financial security institute. and she has expertise in economic inclusion, research and policy with her record as a collaborative and creative thinker to expand the effort to bring to the national forefront a solutions focused discussion of how america can actually improve economic growth by addressing growing levels of wealth inequality and household financial insecurity. her efforts have resulted...
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35
Sep 26, 2022
09/22
by
CSPAN2
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eye 35
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on the record earlier today there is quote more money in their accounts and all of these financial institutions in other words there's a lot more deposits being held by these institutions as interest rates are rising . one of the only over linings and a rising interest rate environment is that savers are supposed to be rewarded for their savings. we're supposed to see the interest they earn on their savings accounts and get what we have here is the fed funds rate that's currently mister chairman at 2.5 percent on the record that is coming at 2.5 percent with our depository institutions staying between .01 percent and .05 percent. which means that on risk free money being put to the fed there ranging anywhere between 2.5 percent interest to 2.49 percent interest on the deposits of their customers. so i wanted to ask across-the-board quickly mister chairman can they confirm whether or not they're going to be increasing the interest rate that they're paying to their depositors at anytime soon ? >> you are the question. >> we would expect to continue to monitor rates and raise rates as appropriate
on the record earlier today there is quote more money in their accounts and all of these financial institutions in other words there's a lot more deposits being held by these institutions as interest rates are rising . one of the only over linings and a rising interest rate environment is that savers are supposed to be rewarded for their savings. we're supposed to see the interest they earn on their savings accounts and get what we have here is the fed funds rate that's currently mister...
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34
Sep 23, 2022
09/22
by
CSPAN2
tv
eye 34
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as the leaders of financial institutions a deal it directly with american american consumers everyday by to ask you brief questions of the financial health of the average american consumer. for lack of time i'll stick with the north caroline cetaceans if you would mr. rogers at truist and mr. moynihan of bank of america just brief answers yes or no in a sentence or less. our consumer savings decreasin? >> interest rates are quite stable at this juncture after having grown for quite a few months. >> mister mota and? >> ledeposits are stable. >> are they using more credit than they were a year ago? >> consumers are starting to ask us more credit on their credit cards. t >> mr. moynihan? >> credit card balances that grown in the past year back to pre-pandemic levels. >> when you factor in inflation are consumers realan wages down? mr. roger's? >> if you factor in inflation real wages are down. >> on a one-year basis the inflation rate exceeds the wage growth. >> have the number of consumers with access to a thousand dollars for murch zeese has that gone up or down? >> consumers currently
as the leaders of financial institutions a deal it directly with american american consumers everyday by to ask you brief questions of the financial health of the average american consumer. for lack of time i'll stick with the north caroline cetaceans if you would mr. rogers at truist and mr. moynihan of bank of america just brief answers yes or no in a sentence or less. our consumer savings decreasin? >> interest rates are quite stable at this juncture after having grown for quite a few...
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46
Sep 16, 2022
09/22
by
CSPAN2
tv
eye 46
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in recent years, financial institutions, primarily community banks, have begun to partner with financial technology companies, or fintechs, to offer improved products and reach more consumers. bank-fintech partners offer a large variety of credit products, including small-dollar, personal, auto, and small business loans, as well as credit cards, mortgages, and home equity credit lines. these partnerships can generate significant consumer benefits by lowering the price of financial products, expanding consumer choice, and increasing competition. often, they provide access to credit for higher-risk borrowers, such as consumers with lower-incomes or no credit histories, all through a highly supervised financial institution. unfortunately, some bureaucrats and lawmakers react with hostility to any new financial products. democrats in congress have pejoratively branded all bank-fintech partnerships as rent-a-bank schemes. last year, they overturned an occ rule that provided regulatory certainty for these partnerships. unfortunately, by attacking legitimate bank-fintech partnerships, democrats
in recent years, financial institutions, primarily community banks, have begun to partner with financial technology companies, or fintechs, to offer improved products and reach more consumers. bank-fintech partners offer a large variety of credit products, including small-dollar, personal, auto, and small business loans, as well as credit cards, mortgages, and home equity credit lines. these partnerships can generate significant consumer benefits by lowering the price of financial products,...
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148
Sep 21, 2022
09/22
by
CNNW
tv
eye 148
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trump and the trump organization for applying for any loans from any financial institution registered with the department of new york for five years. we are ordering him to -- an estimated baseline at the minimum of $250 million and to appoint an independent monitor at the trump organization to oversee compliance, financial reporting, valuations and disclosures to lenders, insurers and tax authorities for no less than five years. we are requiring the trump organization to prepare on an annual basis for the next five years a gaap, generally accepted accounting principles statement to be delivered to the prior recipients of his financial condition. to replace the current trustees of the donald j. trump revokable trust with new independent trustees and require similar independent governance if a new trust is create and to permanently bar allen weisselberg and jeffrey mcconnie of serving in the financial control of any new york corporation. lastly, to cancel any certificate filed under and by virtue of the provisions of section 130 of the general business law for the corporate entities na
trump and the trump organization for applying for any loans from any financial institution registered with the department of new york for five years. we are ordering him to -- an estimated baseline at the minimum of $250 million and to appoint an independent monitor at the trump organization to oversee compliance, financial reporting, valuations and disclosures to lenders, insurers and tax authorities for no less than five years. we are requiring the trump organization to prepare on an annual...
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30
Sep 15, 2022
09/22
by
CSPAN2
tv
eye 30
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and then with those financial institutions and then to have this catastrophe and then the imf which gavea package but because we were never anticipating this so for the economic viability they need more support from the united and the international financial institutions. >> what word you like to say to the diaspora of canada and uk? >> there have been many organizations here. or philanthropic organizations. and then the doctors association which operates in north america so there is an organization of pakistani professionals and then there are many organizations based in pakistan for the compatriots here in the united states you have helping hand or the foundation of what means brotherhood and many others and they did not touch what they have contributed to the organizations also directly to pakistan and then the american individuals and banks and they also made long-term commitments and we are grateful to the leadership s catalyst, and responsibility of americans to see the thecal -- people of pakistan through. >> he mentioned that he is already in pakistan right now, he made a call th
and then with those financial institutions and then to have this catastrophe and then the imf which gavea package but because we were never anticipating this so for the economic viability they need more support from the united and the international financial institutions. >> what word you like to say to the diaspora of canada and uk? >> there have been many organizations here. or philanthropic organizations. and then the doctors association which operates in north america so there...
10
10.0
Sep 30, 2022
09/22
by
RUSSIA24
tv
eye 10
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these shots were taken in the office of a financial institution, according to investigators, next to register, one of the swindlers. he cashed out a large amount of money received by deception, according to preliminary data, the young man acted together with his friend, who called residents of other regions and reported that they were allegedly addressed to them. someone is trying to get a loan from an attacker. asked to transfer money to some secure account after detention attackers tried to justify themselves. money was coming in from where whose money turned out to be that the money was indicated enough of a scam. currently, additional measures are being taken aimed at identifying and detaining accomplices in the crime, as well as other episodes of the illegal activities of offenders; now the migrant of the criminal case is in a pre-trial detention center ; the kazan court delivered a 23-year-old boy to rustam muhammadullin, committed a triple murder. he dealt with the lady of the heart by her parents, and then tried to take his own life, but he survived the report of shalina jump
these shots were taken in the office of a financial institution, according to investigators, next to register, one of the swindlers. he cashed out a large amount of money received by deception, according to preliminary data, the young man acted together with his friend, who called residents of other regions and reported that they were allegedly addressed to them. someone is trying to get a loan from an attacker. asked to transfer money to some secure account after detention attackers tried to...
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67
Sep 21, 2022
09/22
by
MSNBCW
tv
eye 67
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trump and the trump organization from applying for any loans from any financial institution registeredh the new york department of financial services for five years. we are requiring mr. trump and the trump organization to disgorge the financial benefits obtained through the fraudulent practices, an estimated, a baseline, at the minimum of $250 million and to appoint an independent monitor at the trump organization to oversee compliance, financial reporting, valuations and disclosures to lenders and tax authorities for no less than five years. we are requiring the trump organization to prepare for five years a generally accepted compliance showing mr. trump's net worth to be distributed to all of the recipients of his prior statements of financial condition, to replace the current trustees of the donald j. trump revocable trust with new, independent trustees or require similar independent governance if a new trust is created. and to bar allen weisselberg and jeffrey mccony from serving in the financial control of any new york corporation. lastly, to cancel any certificate filed under a
trump and the trump organization from applying for any loans from any financial institution registeredh the new york department of financial services for five years. we are requiring mr. trump and the trump organization to disgorge the financial benefits obtained through the fraudulent practices, an estimated, a baseline, at the minimum of $250 million and to appoint an independent monitor at the trump organization to oversee compliance, financial reporting, valuations and disclosures to...
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18
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it's indeed by joining hands with the private sector development actors international financial institutions and state themselves to find these solutions. and we are indeed engaged with the african development bank with the as off process, the development, the world bank, and so many other development edgy agencies who indeed understand today that we need to maximize that impact, namely in areas affected by on conflicts. which as a reminder, your audiences are the most affected by the food prices. so being serious requires concerted efforts. more people around the table, including those beneficiaries of the services to help us detect what kind of plans are necessary to tackle today's food problem. or what other humanitarian challenges is the car or is the continent facing right now, and how do they tie into that food crisis that we've been discussing? well indeed, if you look at statistics over 25 countries today are bleeding, are in context of on conflicts of violence, of continued internal displacement. you know, when people in this space, internally they become, they don't become agents o
it's indeed by joining hands with the private sector development actors international financial institutions and state themselves to find these solutions. and we are indeed engaged with the african development bank with the as off process, the development, the world bank, and so many other development edgy agencies who indeed understand today that we need to maximize that impact, namely in areas affected by on conflicts. which as a reminder, your audiences are the most affected by the food...
10
10.0
Sep 9, 2022
09/22
by
BELARUSTV
tv
eye 10
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for example, some financial institutions. satisfied with the option of switching to diesel generators, which will be able to ensure the operation of the main offices. for several days, others are testing the operation of independent sources of electricity. they also turn off hot water in the toilets, night lighting and lighting. still , experts fear the crisis will worsen. in this case, companies more drastic measures will have to be taken. that was the news economy. i wish you a good day and good mood. see you. the morning broadcast on tv channels belarus 1 and belarus 24 continues the program zone x and violetta sokolovich. hello, i lost money after buying tickets to the theater, a campaign in which i never went to the police with a statement about the write-off, a young man from minsk turned money from the card. he said that in august, on a dating site, he began a correspondence with a girl, a new passion suggested that on the first date to see youth
for example, some financial institutions. satisfied with the option of switching to diesel generators, which will be able to ensure the operation of the main offices. for several days, others are testing the operation of independent sources of electricity. they also turn off hot water in the toilets, night lighting and lighting. still , experts fear the crisis will worsen. in this case, companies more drastic measures will have to be taken. that was the news economy. i wish you a good day and...
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26
Sep 14, 2022
09/22
by
CSPAN2
tv
eye 26
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in recent years financial institutions primarily community banks have a gun to partner with financial technology to offer improved products to reach more consumers. banks and partners offer a large variety of credit products including small dollar personal auto and small-business loans as well as credit cards mortgages and home-equity credit lines for these partnerships can generate significant consumer benefits by lowering the price of the financial products heading to consumer choice and adding to competition. often they provide access to credit for higher risk borrowers such as consumers with lower incomes or no credit history altar highly supervised financial institution. unfortunately some bureaucrats and lawmakers had seemed to react with hostility to almost any new financial products democrats in congress have ranted banks and partnerships in general as rent the bank schemes the best or the overturned at occ will that provided regulatory certainty for these partnerships. unfortunately by attacking legitimate banks and their partnerships are democratic colleagues risked restrict
in recent years financial institutions primarily community banks have a gun to partner with financial technology to offer improved products to reach more consumers. banks and partners offer a large variety of credit products including small dollar personal auto and small-business loans as well as credit cards mortgages and home-equity credit lines for these partnerships can generate significant consumer benefits by lowering the price of the financial products heading to consumer choice and...
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12
Sep 14, 2022
09/22
by
BELARUSTV
tv
eye 12
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government agencies , business associations and business agencies, as well as loans from financial institutionsook part. but here cooperation is curtailed, the european commission has completed the preparation of an anti-crisis package of measures and today will send a document to the capitals of the old world among the main ideas is the refusal to subsidize green energy, its producers will not receive a single euro cent from the budget. at best, they are compensated for the cost of continental, merchants gas electricity will be to share profits from the treasury measure aimed at combating speculators. brussels is also proposing a ceiling on electricity prices. a megawatt-hour should cost 180 euros. no more now the average price in europe is three times higher. well, it’s understandable that savings are offered to all senders to citizens. it is necessary to reduce electricity consumption by 5%. the package of measures will be considered on september 30 at a meeting of eu energy ministers the rapid rise in energy prices and sanctions were made by the inhabitants of wittenberg, one and a half tho
government agencies , business associations and business agencies, as well as loans from financial institutionsook part. but here cooperation is curtailed, the european commission has completed the preparation of an anti-crisis package of measures and today will send a document to the capitals of the old world among the main ideas is the refusal to subsidize green energy, its producers will not receive a single euro cent from the budget. at best, they are compensated for the cost of...
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40
Sep 21, 2022
09/22
by
KRON
tv
eye 40
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barring mister trump, the trump organization from applying for any loans from any financial institutionor 5 years. we are requiring mister trump and the trump organization to is to disgorge the financial benefits, obtain the persistent fraudulent practices. an estimated a baseline. at the minimum of 250 million dollars. and to appoint an independent monitor at the trump organization to oversee compliance, financial reporting valuations and disclosures to lenders, insurers and tax authorities for no less than 5 years. we're requiring the trump organization to prepare an annual basis for the next 5 years. a gap of generally accepted accounting practices compliant. audited statement of financial condition showing mister trump's net worth to be distributed to all the recipients of his prior statements of financial condition. to replace the current trustees of the donald j trump rubble. couple trust the new independent trustees require similar independent governance. if a new trust is created. and to permanently bar allen weisselberg and a county from serving in the financial control of any
barring mister trump, the trump organization from applying for any loans from any financial institutionor 5 years. we are requiring mister trump and the trump organization to is to disgorge the financial benefits, obtain the persistent fraudulent practices. an estimated a baseline. at the minimum of 250 million dollars. and to appoint an independent monitor at the trump organization to oversee compliance, financial reporting valuations and disclosures to lenders, insurers and tax authorities...