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Jun 24, 2021
06/21
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they made misleading statements about national banks versus state banks.they talked about falsehoods on interest rates. they cited protecting consumers when now they're just leaving them out to dry. that's not consumer protection. but i get it, democrats are so now politically motivated that long standing precedent doesn't matter. i think facts matter. in fact, democrats are so blinded by partisanship, some can't even see some of the -- seem to differentiate between that doctrine of valid when made versus what we're discussing today which is true lender. should someone -- i think we should be rooted in fact and rooted -- policy debates in that fact. make no mistake, the true lender rule provides necessary consumer protections and supports affordable credit to more communities. the rule does nothing to change interest rates. plain and simple. states retain that authority. the actions in 2020 to clarify true lender are very different than the codifying and clarifying valid when made. both were important clarifications, though. the argument today is about tru
they made misleading statements about national banks versus state banks.they talked about falsehoods on interest rates. they cited protecting consumers when now they're just leaving them out to dry. that's not consumer protection. but i get it, democrats are so now politically motivated that long standing precedent doesn't matter. i think facts matter. in fact, democrats are so blinded by partisanship, some can't even see some of the -- seem to differentiate between that doctrine of valid when...
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and that's just making the big bank bigger and bigger and more powerful. like some describe the master nations of the federal reserve bank as welfare for banks, they print money, the money belongs to the number is like near 0. so that means that the money goes to the bank and they don't lend it out. right. so why do we have a bank at all that's about it out? yeah, it's approaching the singularity, right? so the money, money velocity, we all learned that injected dollar of reserves and under bank multiply it into $10.00 a year on that way. and now is that one? so, so basically you're right, there's not a lot of weather coming from the traditional channels. we are seeing though, that don't, don't people buy that. we're seeing a lot of leverage in the banking industry in the places where we, where it's not obvious to luck. and i still am concerned that the banking industry such traditional banking industry, especially though the large bank, the global systemically important bank, massively over lever i. and here in the middle we have left. why should people move to wyoming aside from being picked
and that's just making the big bank bigger and bigger and more powerful. like some describe the master nations of the federal reserve bank as welfare for banks, they print money, the money belongs to the number is like near 0. so that means that the money goes to the bank and they don't lend it out. right. so why do we have a bank at all that's about it out? yeah, it's approaching the singularity, right? so the money, money velocity, we all learned that injected dollar of reserves and under...
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Jun 20, 2021
06/21
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ALJAZ
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the foremost secretary general, the united nations bank moon talks to al jazeera ah bank key moon, former secretary general of the united nations. now the deputy chair of the elders, thank you for talking to alex and sarah. you have a new book out. we'll come to that in a moment, but 1st let me take you back to the end of your decade as the secretary general of the un secretary general right up until the end of 2016. some people might say you dodged a bit of a bullet by the date of your departure because your successor, antonio good terrace, took off his on the 1st of january. he only had 20 days before another important world leader took office, the leader of the most powerful economy on earth. and that was donald j. trump. he was someone who didn't really agree much with international cooperation. some might say he didn't agree with the un system or you relieved you didn't have to deal with president trump in there. we got the person that is speaking. i was relieved because i i was not supposed to deal with him. but what had happened during present trumps for years time, as a former sep
the foremost secretary general, the united nations bank moon talks to al jazeera ah bank key moon, former secretary general of the united nations. now the deputy chair of the elders, thank you for talking to alex and sarah. you have a new book out. we'll come to that in a moment, but 1st let me take you back to the end of your decade as the secretary general of the un secretary general right up until the end of 2016. some people might say you dodged a bit of a bullet by the date of your...
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Jun 23, 2021
06/21
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this agency rule provides clarity by determining exactly when a national bank or a federal savings association is in fact the true lender when partnering with a third party to provide loans. in today's markets, it is common for financial technology companies to partner with banks to meet the needs of their consumers. unfortunately, the court rulings have created uncertainty when partnerships occur when determining who is the true lender in these circumstances. this office of comptroller of the currency rule provides much-needed clarity for market participants and ensures consumers are in fact adequately protected. federal law requires true lenders to comply with certain consumer protection laws and clearly delineating the true lender will eliminate this uncertainty. while the majority claims this rule gives the green light to predatory relationships by allowing a rent-a-charter partnership, this could not be further from the truth. this rule provides greater transparency into such practices, allowing better protections for consumers with more transparency -- consumers. with more transparency c
this agency rule provides clarity by determining exactly when a national bank or a federal savings association is in fact the true lender when partnering with a third party to provide loans. in today's markets, it is common for financial technology companies to partner with banks to meet the needs of their consumers. unfortunately, the court rulings have created uncertainty when partnerships occur when determining who is the true lender in these circumstances. this office of comptroller of the...
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to have the way for national bank to handle this little asset door reserved for stable points. and for the companies in the industry to get truck charters. some of that actually, all of that is under review. it was all done by rules change at the very last minute before might interest some of that, maybe, or all of it. maybe what we've done in wyoming though, was, it won't be rehearsed. it was done by statute and to take the statutory change to overturn it, but no question what, why don't we were pushing with national policy makers and actually what we've done and took 3 years very methodically for wyoming to get to where we are at 3 and a half actually federal government was looking for a shortcut and they were calling me for all of the documentation, the rules that wyoming put in place, the legislation, the commercial law, all the things that methodically wyoming did or for legislative session 24 was, were passed in wyoming, and it took a long time to set it up, and frankly, we panda the federal government and a responsible way to integrate that point into the us dollar syste
to have the way for national bank to handle this little asset door reserved for stable points. and for the companies in the industry to get truck charters. some of that actually, all of that is under review. it was all done by rules change at the very last minute before might interest some of that, maybe, or all of it. maybe what we've done in wyoming though, was, it won't be rehearsed. it was done by statute and to take the statutory change to overturn it, but no question what, why don't we...
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Jun 22, 2021
06/21
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BLOOMBERG
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bank of japan, ecb, swiss national bank, the swedish bank, they are all battling deflation. as a result, they sort of entered this period -- this diversion i think will become clearer and clearer as we sort of move through this year, the second half of this year. it is all being driven by underlying fundamentals. i think those currencies will outperform, as you mentioned, bank of england. the first get the vaccine rollout really going. again, it is sort of the haves and have-nots. caroline: always a tale of two haves when it comes to the fx market. coming up, bitcoin bouncing back after tumbling below $30,000 for the first time since january. we will talk about that volatility with the vice president of institutional lending at genesis. caroline: that was quite a ride if you were on that bitcoin roller coaster today. early this morning, it broke below 30,000 before making quite the comeback. are we in the green now? joe: pretty wild. a standard day in the world crypto. but even by recent standards, the last couple of days have been pretty wild. just under 28,000 at the low.
bank of japan, ecb, swiss national bank, the swedish bank, they are all battling deflation. as a result, they sort of entered this period -- this diversion i think will become clearer and clearer as we sort of move through this year, the second half of this year. it is all being driven by underlying fundamentals. i think those currencies will outperform, as you mentioned, bank of england. the first get the vaccine rollout really going. again, it is sort of the haves and have-nots. caroline:...
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Jun 1, 2021
06/21
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ALJAZ
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you know, how do you have more of a national bank account? or if you can sub in the, in, in the holiday to let you to mana on many won't fit them big and have to ask you this figure out or not. it will make me to the man to can to get it into. when did you be able to tell me you were day? that's what the window do. there should have been a bullet has w y yellow mentioned when he bought it might be always meeting language always, you know, i think that then, i mean you've been to this billing instead of action. and the fact that my mom, my mom had to, she doesn't get much tv on the phone with me. right. oh, no one showed that you love their ability into the hardest time ever and i was there, they're not my clients anymore. so i explained to them they can see it, our program now, you're going to be in very gradually, you need to visit them all the time. you know, since all of them refugees and they're coming from the, you know, all 4 situation. the resilience that they have is great. most of the group are from one church. and one of the reasons
you know, how do you have more of a national bank account? or if you can sub in the, in, in the holiday to let you to mana on many won't fit them big and have to ask you this figure out or not. it will make me to the man to can to get it into. when did you be able to tell me you were day? that's what the window do. there should have been a bullet has w y yellow mentioned when he bought it might be always meeting language always, you know, i think that then, i mean you've been to this billing...
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Jun 1, 2021
06/21
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if we get a national bank license and defining our business into the future.come for our shareholders and team and partners. >> you're helping to empower a new generation of retail traders taking stock like gamestop and amc. you have any hope retail traders might pick up or do you prefer to stare clear out -- to steer clear of the potential volatility? >> i would first say we focus on giving access to investing to members. we want them to be long-term investors. we want them to consider all the investments they make and indeed sure they are -- and ensure they are suitable for themselves. when you say the word retail trader in the back of my mind, i think day trader. we are fortunate in that less than 1% of our brokerage accounts have more than three trades in day. we are trying to educate investors on union recurring investments. we also have robo accounts, which is another way to drive diversification. we have introduced five etf's, which are a low-cost way in terms of dollar per share. against a diversified portfolio of stocks. we have the gig economy and ot
if we get a national bank license and defining our business into the future.come for our shareholders and team and partners. >> you're helping to empower a new generation of retail traders taking stock like gamestop and amc. you have any hope retail traders might pick up or do you prefer to stare clear out -- to steer clear of the potential volatility? >> i would first say we focus on giving access to investing to members. we want them to be long-term investors. we want them to...
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Jun 2, 2021
06/21
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ALJAZ
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no national bank account, or you can sub in the in g. halleck rob to lead you to mano and many won't fit them big and us free. i'm almost you this or not will make me to the man taken to believe it into when did you be able to tell me you were day? that's what the window do. they should have been a boy lead has w y yellow meant you know, he, by all the might be always meet me always, you know, i think that you know, then, i mean you've been to this instead of action and the fact that my mom, my mom had to she doesn't get much tv. i'm on the phone with me right. oh sure. love they're going to leave the hard time ever and i close there. they're not my clients anymore. so i explained to them they can stay at our program now. you're going to be in very gradually, you need to watch them all the time. you know, since all of them refugees and they're coming from the, you know, also situation. the resilience, they have great. most of the group are from one church and one of the reasons why we do that is because this is what god has done for us. has given us what we don't deserve and automati
no national bank account, or you can sub in the in g. halleck rob to lead you to mano and many won't fit them big and us free. i'm almost you this or not will make me to the man taken to believe it into when did you be able to tell me you were day? that's what the window do. they should have been a boy lead has w y yellow meant you know, he, by all the might be always meet me always, you know, i think that you know, then, i mean you've been to this instead of action and the fact that my mom, my...
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Jun 5, 2021
06/21
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CSPAN3
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the nation's banking system on the verge of collapse. to end this crisis fdr had acted swiftly on his very first day in office. he temporarily closed all of the country's banks and began the process of reforming them to put them on a sounder footing. now just one week later. he was prepared to reopen all of the healthy banks to the public. but would people trust that these reopened banks were safe and put their money back into them. fdr decided to go on national radio on the evening of march 12th to convince his fellow citizens to return their money to the banks when they reopened the next day. america's economic recovery depended upon their response now, let's listen together to a portion of that historic first fireside chat. pay attention to how fdr talks about complicated banking issues in simple practical english. note also his careful pacing and is reassuring tone. all the elements that made his fireside chat. so effective are apparent in this first example. these edited excerpts from fdr's speech will run about two and a half minute
the nation's banking system on the verge of collapse. to end this crisis fdr had acted swiftly on his very first day in office. he temporarily closed all of the country's banks and began the process of reforming them to put them on a sounder footing. now just one week later. he was prepared to reopen all of the healthy banks to the public. but would people trust that these reopened banks were safe and put their money back into them. fdr decided to go on national radio on the evening of march...
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Jun 14, 2021
06/21
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CSPAN3
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this would increase the competitive advantage national banks have before us today. my question to you, mr. diamond, can you discuss the challenges your bank currently faces against international competition, specifically china and how raising taxes as the biden administration wants to do could make the challenges even harder for you. >> thank you. so i think the way to look at this is obviously most of these banks are doing fine now. people often say because you're doing fine it's not a problem. but over a long period of time we have to compete with the chinese banks. and i think they have huge advantages in terms of how their regulation is dealt with and how ours are calibrated around things like -- and we hold more capital than our chinese or japanese competitor. that would be a good one. >> well, thank you for that answer. and lower tacks works better and keep our economy going. with that, madam chairman, i give you back my time. >> thank you very much. the gentleman from colorado who is also the chair of the subcommittee on consumer protection and financial insti
this would increase the competitive advantage national banks have before us today. my question to you, mr. diamond, can you discuss the challenges your bank currently faces against international competition, specifically china and how raising taxes as the biden administration wants to do could make the challenges even harder for you. >> thank you. so i think the way to look at this is obviously most of these banks are doing fine now. people often say because you're doing fine it's not a...
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but on the other side, we have a split off the national bank. we have a split of the national patrol system, but on the other side the money is guaranteed. so there is a lot of burn kept both inside the country, which is also distributed to the families. nevertheless, we have a strong need for engagement. also of the united nations regarding the refugees, the migrants who sometimes as hostages in prisons or in the kind of camps. and we need an international control and access for the united nations. also, the union could take over responsibility, so the ruby in population is not the problem. it's the migrant, it's the was for unemployment, unemployed migrants. and it's the question how to the care of those who are exploited by traffic, by those who are traffic in the people potter keys of us. i thank you so much for joining us against this backdrop of world powers gathering in berlin for a new push to secure a lesson. in libya, as we mentioned, you're a member of the german parliament foreign affairs committee. thanks for your time. and now here'
but on the other side, we have a split off the national bank. we have a split of the national patrol system, but on the other side the money is guaranteed. so there is a lot of burn kept both inside the country, which is also distributed to the families. nevertheless, we have a strong need for engagement. also of the united nations regarding the refugees, the migrants who sometimes as hostages in prisons or in the kind of camps. and we need an international control and access for the united...
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Jun 7, 2021
06/21
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. >> we will be discussing how the nation's banks are faring, the u.s. economic outlook, and what to expect from the fed on rates and regulations. good follow the conversation on twitter using the hashtag #politicoeconomy. i didn't want to go back to last year for a second. the fed launched a dozen emergency programs. but was it like for you at that time? was there a time when you were worried that we might have a financial crisis? >> well, it was a very busy time, as you can imagine. we were determining what needed to be happening in real time. i left my office in washington on a friday. i commute back and forth from salt lake city, i come in about sunday -- about midnight on sunday night. i left to go home on a friday, and we were still closed. we closed the fed during that time. i left everything on my desk. we had to, in a very short period of time, react to a very serious situation. as you know, as everyone listening to the call knows, their work serious market disruptions in light of the expected economic disruptions at that time. we are talking ab
. >> we will be discussing how the nation's banks are faring, the u.s. economic outlook, and what to expect from the fed on rates and regulations. good follow the conversation on twitter using the hashtag #politicoeconomy. i didn't want to go back to last year for a second. the fed launched a dozen emergency programs. but was it like for you at that time? was there a time when you were worried that we might have a financial crisis? >> well, it was a very busy time, as you can...
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but on the other side, we have a split off the national bank. we have a split of the national tro system. but on the other side, the money is guaranteed. so there is a lot of burns inside the country, which is also distributed to the families. nevertheless, we have a strong need for engagement also of the united nations regarding the refugees, the migrants who ask sometimes as hostages in prisons or in the kind of camps. and we need an international control and access for the united nations or so. do you feel union could take over responsibility? so the ruby in population is not the problem. it's the migrant, it's the was for unemployment, unemployed migrants. and it's the question how to take care of those who are exploited by traffic by those who are trafficking the people are accused of as i thank you so much for joining us against this backdrop of world powers gathering in berlin for a new push to secure a lesson in libya, as we mentioned, you're a member of the german parliament foreign affairs committee. thanks for your time. you're watchin
but on the other side, we have a split off the national bank. we have a split of the national tro system. but on the other side, the money is guaranteed. so there is a lot of burns inside the country, which is also distributed to the families. nevertheless, we have a strong need for engagement also of the united nations regarding the refugees, the migrants who ask sometimes as hostages in prisons or in the kind of camps. and we need an international control and access for the united nations or...
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Jun 1, 2021
06/21
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ALJAZ
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while these are caused complex issues, there is also a simple fact the chinese bank and the national banking sector as a whole. continue to drive climate change before a station and right violation by lending indiscriminately at the client's in the agri business life. so connected to the core station and yet china is increasing and yet china is increasing its own stock. it's for a stock by walk 4 and a half 1000000000 cubic meters were intends to buy the year 2030. so is it a goodie or bevy here? well, china is made some impressive gains in terms of domestic reforestation and combating cation but china needs to urgently address global impact through imports of commodities. like timber soil be from palm oil. and the financing that the company's involved in producing and trading base commodities, which unfortunately routinely length deforestation then. right. so if china ever the part of the problem here is the fact that china just seems to be more willing than anyone else to make loans, to buy influence in poor parts of the world. well, dear politics does, of course come into the equip asian,
while these are caused complex issues, there is also a simple fact the chinese bank and the national banking sector as a whole. continue to drive climate change before a station and right violation by lending indiscriminately at the client's in the agri business life. so connected to the core station and yet china is increasing and yet china is increasing its own stock. it's for a stock by walk 4 and a half 1000000000 cubic meters were intends to buy the year 2030. so is it a goodie or bevy...
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Jun 5, 2021
06/21
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ALJAZ
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in may, is wanted for questioning in india over his role in a scam at state on to job national bank. when police raided his and his business wanted his homes, they seized nearly $800000000.00 in jewelled and gold. chalk ski says he's been falsely implicated now a report by us intelligence agencies on so called an identified aerial phenomena, or what we usually call us holes, has reportedly found no evidence that aliens are behind mysterious sighing objects . but officials still can't explain the unusual sightings and can't rule out the possibility. alien spacecraft exists when asked about the report, the winehouse says it has yet to be find life was in jordan has a story from washington. idea of u. f. o's of contact from other planets has excited, entertained, and even scared people for millennia. but there have been sightings of what's called an identified aerial phenomena or u a p, for decades. now, according to the new york times, us intelligence agencies have concluded they don't know for sure if you are real. i think it's rotating luis elizondo ram the close by defense program r
in may, is wanted for questioning in india over his role in a scam at state on to job national bank. when police raided his and his business wanted his homes, they seized nearly $800000000.00 in jewelled and gold. chalk ski says he's been falsely implicated now a report by us intelligence agencies on so called an identified aerial phenomena, or what we usually call us holes, has reportedly found no evidence that aliens are behind mysterious sighing objects . but officials still can't explain...
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Jun 28, 2021
06/21
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BLOOMBERG
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this from a member of the governing board over at the swiss national bank. sy policy needed, not ready for the exit. from the central bank of austria, we don't know yet if the emergency is over. emergency is the keyword because they have an asset purchase program with the word emergency in it. the pandemic emergency purchase program. so if the emergency isn't over more than year since the emergency started, it means there will be this renewed continued commitment to buying bonds at the ecb with a lot of flexibility. tom: guess what? we are data dependent. do you agree? jonathan: which data. what is the threshold? if we are outcome dependent at the federal reserve, what is the outcome they are looking for? it is clear they all have their own version of it. tom: i would go with that, that is every nation for themselves. right now, the senator from utah, we hear senator romney over the weekend. right now, i would focus on the definition of progressive. over the weekend, an article on progressives in new york. emily wilkins looks at the view from washington. how
this from a member of the governing board over at the swiss national bank. sy policy needed, not ready for the exit. from the central bank of austria, we don't know yet if the emergency is over. emergency is the keyword because they have an asset purchase program with the word emergency in it. the pandemic emergency purchase program. so if the emergency isn't over more than year since the emergency started, it means there will be this renewed continued commitment to buying bonds at the ecb with...
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Jun 1, 2021
06/21
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BLOOMBERG
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one, a large share of capitalization needed to change to both be a licensed national bank united states to be a public company. we had to raise capital, which we were working on privately to pay off a sellers note in 2020. we wanted to capitalize the company for the long-term as part of our bank application process. we were raising money privately. along the way, our business continued to accelerate into the fall and holiday season. we were in a great position to have a lot of options. we decided to execute three legs of the stool. one was a private investment from t. rowe price at $375 million of investment we closed on at about december 27. we launched a pipe from december 28 and announced the spac on or about january 4 and in total raised $2.4 billion, got off the note to galileo and i the company for the for siebel -- and capitalized the company for the foreseeable future. a really great outcome for our shareholders, team, and partners. i could not be happier with where we are today. emily: sofi is helping to empower a new generation of retail traders, taking stocks like gamestop an
one, a large share of capitalization needed to change to both be a licensed national bank united states to be a public company. we had to raise capital, which we were working on privately to pay off a sellers note in 2020. we wanted to capitalize the company for the long-term as part of our bank application process. we were raising money privately. along the way, our business continued to accelerate into the fall and holiday season. we were in a great position to have a lot of options. we...
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Jun 25, 2021
06/21
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FOXNEWSW
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brother who locked his sister in a dressing room that used to be a bank vault it used to be a first national bankh a hole the firefighters. no word she purchased the clothes. her mother was very upset about all of this. very glad you are free. enjoy your weekend. >> greg: safe space. >> martha: a vault that is a dressing room. >> martha: where is geraldo? [laughter] >> jesse: i thought it was funny. that's it for us. have a great weekend, everybody. >> greg: where's geraldo? ♪ ♪ >> shannon: good evening, welcome to washington. i'm shannon bream in for bret baier. breaking tonight more than 150 people still missing after a condo collapsed in florida. firefighters working around the clock combing through the rubble searching for survivors. on the ground following the recovery efforts jonathan serrie. >> good evening, shannon. the medical examiner's office has identified the first victim recovered from the rubble. she is 54-year-old stacey fang, died from blunt force injuries during the building
brother who locked his sister in a dressing room that used to be a bank vault it used to be a first national bankh a hole the firefighters. no word she purchased the clothes. her mother was very upset about all of this. very glad you are free. enjoy your weekend. >> greg: safe space. >> martha: a vault that is a dressing room. >> martha: where is geraldo? [laughter] >> jesse: i thought it was funny. that's it for us. have a great weekend, everybody. >> greg:...
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Jun 18, 2021
06/21
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CNBC
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you know, we obviously see the impact that black banks have when they see increased investment what is the state of these institutions, though, nationallyearly three times as many black banks as there are today. some is due to consolidation and some banks were well-run businesses and bought by people who weren't black and a lot has to do with not enough government and regulatory support and, unfortunately, not enough consumer support a lot of time people in black neighborhoods aren't supporting them the co-founder of the national black bank foundation says that needs to change but more importantly, we need to see more corporations invest in black banks. >> yeah, all right, frank, appreciate it very much. frank holland reporting for us >>> we'll step away and come back and do final trades next. t-mobile is the leader in 5g. experience it now with the powerful iphone 12 pro with 5g on us. and with our new magenta max plan, you'll get unlimited premium data that can't slow down based on how much smartphone data you use. plus, taxes and fees are included. that's right, unlimited premium data and the iphone 12 pro on us. only at t-mobile. th
you know, we obviously see the impact that black banks have when they see increased investment what is the state of these institutions, though, nationallyearly three times as many black banks as there are today. some is due to consolidation and some banks were well-run businesses and bought by people who weren't black and a lot has to do with not enough government and regulatory support and, unfortunately, not enough consumer support a lot of time people in black neighborhoods aren't supporting...
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Jun 26, 2021
06/21
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FOXNEWSW
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brother who locked his sister in a dressing room that used to be a bank vault it used to be a first national bankt about all of this. very glad you are free. enjoy your weekend. >> greg: safe space. >> martha: a vault that is a dressing room. >> martha: where is geraldo? [laughter] >> jesse: i thought it was funny. that's it for us. have a great weekend, everybody.
brother who locked his sister in a dressing room that used to be a bank vault it used to be a first national bankt about all of this. very glad you are free. enjoy your weekend. >> greg: safe space. >> martha: a vault that is a dressing room. >> martha: where is geraldo? [laughter] >> jesse: i thought it was funny. that's it for us. have a great weekend, everybody.
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Jun 20, 2021
06/21
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the national banks of both countries were heavily underwrite the banking system. a temporary devaluation, and this is what really rocked europe, i if the federation works how many new independent african states would follow suit? tchen what would happen to european interest in africa after independence and federation. and so this cold calculus that leads to a plan for genocide for black americans. and it's a rollicking spy thriller. robert ludlum tradition of the author ian fleming dimension of the plot but you have an articulate analysis by the end of the 1960s about the machinations of this new world ask and the danger of african independence, black self-determination and black power at home. so williams was quite a controversial and provocative writing but someone whose generation of a conspiracy theory continues to give us sort of things to think about and to keep current on. >> paule was not aware specifically of being followed and being under surveillance by the fbi until 1965, and that is when langston hughes invited her to go on a state department tour to
the national banks of both countries were heavily underwrite the banking system. a temporary devaluation, and this is what really rocked europe, i if the federation works how many new independent african states would follow suit? tchen what would happen to european interest in africa after independence and federation. and so this cold calculus that leads to a plan for genocide for black americans. and it's a rollicking spy thriller. robert ludlum tradition of the author ian fleming dimension of...
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Jun 2, 2021
06/21
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BLOOMBERG
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. -- sofi need to change both to be a licensed national bank in the united states and also to be a publicto raise capital which we are working on privately to pay off the seller's note in march of 2020. then we wanted to capitalize the company for the long-term as part of our bank application process. we were raising money privately and along the way we continue to accelerate in the fall and the holiday season. we are in a great position to have a lot of options, so we decided to really execute three legs of the stool. one was a private investment from t. rowe price at $375 million as an investment and we closed on about december 27. then we announce the spac on january 4. in total, we're wary's $2.4 billion and converted -- capitalize the company for the foreseeable future. as well as funding our businesses in the future. so a really great outcome for our shareholders, our team, and our partners. i cannot be happier with where we are today. emily: sofi, can you have any hope that retail traders might pick up on sofi itself, or do you prefer to steer clear of the potential volatility that
. -- sofi need to change both to be a licensed national bank in the united states and also to be a publicto raise capital which we are working on privately to pay off the seller's note in march of 2020. then we wanted to capitalize the company for the long-term as part of our bank application process. we were raising money privately and along the way we continue to accelerate in the fall and the holiday season. we are in a great position to have a lot of options, so we decided to really execute...
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Jun 2, 2021
06/21
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large part of our capitalization was preferred last year and that needed to change to be a license national bankic company. we also had to raise capital to pay off a seller's note that we want to capitalize the company for the long-term as part of our allocation process. we were raising money privately in our business continue to accelerate during the holiday season. we were in a great position to have a lot of options. we decided to really execute in three ways. with a private investment that we closed on about in december. we then launched a pipe and we are able to do some financing in that regard. we announce the spac in january. we brace dollars, paid off to galileo and with the company in the future. really great outcome for our shareholders, our team, and our partners. i could not be happier. emily: is helping with traders, helping gamestop and mc getting to new highs in new lows, would you like them to pick up on sofi, or would you like that to steer clear of the potential volatility? >> we focus on getting access to investment to members, we want them to consider all of the investments t
large part of our capitalization was preferred last year and that needed to change to be a license national bankic company. we also had to raise capital to pay off a seller's note that we want to capitalize the company for the long-term as part of our allocation process. we were raising money privately in our business continue to accelerate during the holiday season. we were in a great position to have a lot of options. we decided to really execute in three ways. with a private investment that...
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Jun 16, 2021
06/21
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BLOOMBERG
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the chinese national banks say they have -- lend out and that has been tightened from what we have seenaggregate financial data. that is having an impact on the economy. we are already seeing it in the data. the government as authorities are concerned about the leverage in the system so we are talking about the financial system here where we see that actually the leverage in the stock market, whether you're talking about the housing market, has picked up during the pandemic because of liquidity. there are clear signs that the authorities are trying to slow that and also, of course, what you have been talking about, your new headline is that china is trying to relieve precious metals and industrial metal reserves. i think all these signs suggest to us that the government is pretty serious and trying to curb that leverage and overheating in the market and the real economy. anna: if you see the chinese authorities concerned about speculation in real estate and can run about speculation in commodity prices, janet, and they try and tamp down on that, where does that money go? does it go into
the chinese national banks say they have -- lend out and that has been tightened from what we have seenaggregate financial data. that is having an impact on the economy. we are already seeing it in the data. the government as authorities are concerned about the leverage in the system so we are talking about the financial system here where we see that actually the leverage in the stock market, whether you're talking about the housing market, has picked up during the pandemic because of...
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Jun 18, 2021
06/21
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that while these black banks have more lending power, just geographically, they are not in as many places. it's not spread as much around the united states. there's the nationalquity capital and increase the lending power. >> great reporting. thank you. >>> thanks for watching. we will be back in washington on monday morning. in the meantime, you can find us on twitter @hallieonmsnbc. highlights from the show will be there. my friend craig melvin picks it up from new york. >>> good friday morning to you. craig melvin here. this hour, new hurdles as democrats struggle to move forward on president biden's agenda. one of those obstacles comes to the tune of $6 trillion. progressive democrats are voting a brand-new sweeping infrastructure proposal. they're not even trying to get republicans on board. will the president accept it? in a few moments, i will talk about what it means for the president's economic agenda with chris van hollen. >>> we are watching for a yen daught
that while these black banks have more lending power, just geographically, they are not in as many places. it's not spread as much around the united states. there's the nationalquity capital and increase the lending power. >> great reporting. thank you. >>> thanks for watching. we will be back in washington on monday morning. in the meantime, you can find us on twitter @hallieonmsnbc. highlights from the show will be there. my friend craig melvin picks it up from new york....
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Jun 6, 2021
06/21
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we are hearing from the national australia bank and also from crown about australian authorities it orus concerns -- identifying serious concerns among the anti-money laundering team. they are being advised to the australian transaction analysis center and enforcement team. we are hearing from crown as well, saying australia identified potential noncompliance with the aml and ctf program. they are to regulatory compliance. we will keep you asked to and watch as the market opens for the stocks. staying in australia, another to locally acquired cases of covid-19 were detected in the australian state of victoria. in the 24 hours since sunday, making it one of the lowest daily infection counts since the latest lockdown began 12 days ago, raising hopes the lockdown could be lifted as planned this thursday. paul, what are health officials say now? paul: the deputy health officer put it best, saying contact tracers in the state are running neck and neck with the virus. 5% of the population in victoria has been tested. that is giving health officials confidence there is no undetected community
we are hearing from the national australia bank and also from crown about australian authorities it orus concerns -- identifying serious concerns among the anti-money laundering team. they are being advised to the australian transaction analysis center and enforcement team. we are hearing from crown as well, saying australia identified potential noncompliance with the aml and ctf program. they are to regulatory compliance. we will keep you asked to and watch as the market opens for the stocks....
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Jun 28, 2021
06/21
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. >>> the nation's biggest banks expected to announce their new capital plans after the bell followingndustry's stress test. the sector is up sharply jpmorgan up higher bank of america 79%. so are the return of fintech stocks like pay pal and square which some view as a major threat to traditional banks. joining us now, partner and senior equity analyst. charlie, welcome, lisa as well charlie, let me begin with you what do you expect the banks to do now that the fed hassish be you'd the results of its test, the big banks at least what are they likely to announce today, or is it already in the price of the stocks? >> they're likely to announce more buybacks and probably higher dividends they're not making spectacular amounts of money because of the interest rate we're in now we think they're under earning and would make more money in a normal interest rate environment, but they have been prohibited from buying back stock and paying dividends since the heat of the pandemic, the height of the pandemic they're going to buy back stock. we would have loved when their stocks were cheaper. but
. >>> the nation's biggest banks expected to announce their new capital plans after the bell followingndustry's stress test. the sector is up sharply jpmorgan up higher bank of america 79%. so are the return of fintech stocks like pay pal and square which some view as a major threat to traditional banks. joining us now, partner and senior equity analyst. charlie, welcome, lisa as well charlie, let me begin with you what do you expect the banks to do now that the fed hassish be you'd...
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Jun 24, 2021
06/21
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BLOOMBERG
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the nation's largest bank is ordering workers to fill out a questionnaire on their vaccination statusnth, according to an operating committee member. morgan stanley advised members this week that it will be advised to stay out of offices if they are not vaccinated. international crude prices have soared as demand bounces back from depend, slump. a bloomberg survey -- from the pandemic slump. a bloomberg survey indicates that the iea and major importers such as india are urging opec and partners to fill the shortfall. that is your latest business flash. alix: thank you so much. staying with commodities, stay tuned for "commodities edge" today at want to clock p.m. for more on my conversation -- at 1:00 p.m. for more on my conversation with oil ceos. we are talking about exxon, total, and shell, as well as the energy minister for qatar. guy: absolutely. coming up on "the european close," we will talk about the bank of england, sounding a lot like the fed today. barclays' chief u.s. economist joining us next. this is bloomberg. ♪ . ♪ so... i know you and george were struggling with the p
the nation's largest bank is ordering workers to fill out a questionnaire on their vaccination statusnth, according to an operating committee member. morgan stanley advised members this week that it will be advised to stay out of offices if they are not vaccinated. international crude prices have soared as demand bounces back from depend, slump. a bloomberg survey -- from the pandemic slump. a bloomberg survey indicates that the iea and major importers such as india are urging opec and partners...
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Jun 21, 2021
06/21
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ALJAZ
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group for several months now. bought this heidi joe castro reports conducing the parents, the banks nation is safe, is a difficult battle for on. it takes a tough 5 year old to get go through a blood drop didn't go very rude and not even flinch when he gets a shot containing either the pfizer by on tech vaccine or a placebo. well, you know that it can, we'll charge help or in is among the 4500 children participating visors late stage clinical trials for kids under 12 taking place across the us and europe at one test site in louisiana. doctors that often are health medical center or asking parents to prepare kids for the vaccination, having your child backs and needed to protect them from getting to that wall as unlikely that they would get a serious illness or serious impact. it is possible and, you know, we're here to tell you that there are children in our children's hospital to this day being cared for because of the polls shell one in for american parents say they will definitely not have their young child vaccinated against coded, no matter the trials result, it doesn't make any sense
group for several months now. bought this heidi joe castro reports conducing the parents, the banks nation is safe, is a difficult battle for on. it takes a tough 5 year old to get go through a blood drop didn't go very rude and not even flinch when he gets a shot containing either the pfizer by on tech vaccine or a placebo. well, you know that it can, we'll charge help or in is among the 4500 children participating visors late stage clinical trials for kids under 12 taking place across the us...
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Jun 29, 2021
06/21
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CNBC
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well most of the nation's biggest banks are raising their dividends.tress tests we're getting some top picks in the banks and financial sector your investment committee as wellcong, mi up next on halftime the dow at 14. see you in two minutes do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. if you have one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit conventrydirect.com to find out if you policy qualifies. or call the number on your screen. coventry direct, redefining insurance. this is dr. arnold t. petsworth, he's the owner of petsworth vetworld. business was steady, but then an influx of new four-legged friends changed everything. dr. petsworth welcomed these new patients. the only problem? more appointments meant he
well most of the nation's biggest banks are raising their dividends.tress tests we're getting some top picks in the banks and financial sector your investment committee as wellcong, mi up next on halftime the dow at 14. see you in two minutes do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our...
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Jun 18, 2021
06/21
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CNBC
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the banks offer more than 85% of loans to black home and business owners according to the national blackenders deny black applicants at a rate of 87% higher black business owners are two times as likely to be denied financing according to brand-new research from mckenzie they are emphasizing to large corporations that every dollar invested with a black bank turns into $10 of capitol that might otherwise not be available for black borrowers. >> every corporation, if their values are on paper and their press releases are saying they support equity, support opportunity for all, they need to think about the institutions in the black community that are fighting that fight and allow black banks to compete for the business. >> in december the national black bank foundation facilitated an historic deal between the nba's atlanta hawks and providing $35 million in financing for a new team facility the owner of the bucs is activitily working with black banks to help them generate more equity capital back over to you. >> frank, before you go, black banks have seen what seems like a big influx in cap
the banks offer more than 85% of loans to black home and business owners according to the national blackenders deny black applicants at a rate of 87% higher black business owners are two times as likely to be denied financing according to brand-new research from mckenzie they are emphasizing to large corporations that every dollar invested with a black bank turns into $10 of capitol that might otherwise not be available for black borrowers. >> every corporation, if their values are on...
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Jun 30, 2021
06/21
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CSPAN
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as part of that effort the bank announced in may 2021 that it would expand its national affordable homeownership program. the bank has made more than 350 million in investment including equity investments in 40 minority-focused funds and 14 minority deposit in financially developed institutions. goldman sachs announced an initiative to drive investment in housing, health care, access to capital, education, job creation and workforce advancement, digital connecttivity and financial help. in 2020, jpmorgan announced a $30 billion over five-year commitment to racial equity. the commitment includes initiatives for affordable housing, small business expansion and neighborhood development. in addition to these private sector commitments congress has provided $12 billion to minority depository institutions in the december consolidated appropriations act for fiscal year 2021. i look forward to continuing to work with america's banks on these initiatives and am encouraged by the progress we have seen these past few years. i thank the chairwoman and i yield back. >> thank you so much. today first let me w
as part of that effort the bank announced in may 2021 that it would expand its national affordable homeownership program. the bank has made more than 350 million in investment including equity investments in 40 minority-focused funds and 14 minority deposit in financially developed institutions. goldman sachs announced an initiative to drive investment in housing, health care, access to capital, education, job creation and workforce advancement, digital connecttivity and financial help. in...
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Jun 3, 2021
06/21
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ALJAZ
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bank. in a statement president, your biden insisted the wider distribution was a national security issue. seeing strong american leadership is essential to ending this pandemic now and to strengthening global health security for to morrow, to better prevent, detect, and respond to the next threat. the u. s. says it will still have control over where the vaccines will go, but it's emphasizing it's not looking for concessions or imposing conditions. it does, however, piece of struggle to get back to nation rates in the us up. many people know reluctant to get the job. and in some communities, vaccination rates are very low, that comes with a white house warning. we have millions of americans still in need of protection and communities at risk because of low vaccination rates. here's the bottom line. the bottom line is that if you are unvaccinated, you are still at risk of getting seriously ill or spreading the disease to others. all of the initial 25000000 doses will come from the federal stock pilot. all have been approved for us here in the united states. more doses will be made available
bank. in a statement president, your biden insisted the wider distribution was a national security issue. seeing strong american leadership is essential to ending this pandemic now and to strengthening global health security for to morrow, to better prevent, detect, and respond to the next threat. the u. s. says it will still have control over where the vaccines will go, but it's emphasizing it's not looking for concessions or imposing conditions. it does, however, piece of struggle to get back...
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Jun 23, 2021
06/21
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united states code of the rules submitted by the office of the comptroller of currency relating to national banks and federal associations as lenders and for other purposes. the speaker pro tempore: the question is on ordering the previous question of the resolution. members will record their votes by electronic device. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the speaker pro tempore: for what purpose does the gentleman from oklahoma seek wreck demigs? mr. cole: mr. speaker, as the member designated by mr. mullin of oklahoma, pursuant to house resolution 8, i inform the house that mr. mullin will vote no on the previous question. the speaker pro tempore: for what purpose does the gentlewoman from massachusetts seek recognition? ms. clark: as the member designated by ms. meng, pursuant to house resolution 8, i inform the house that ms. meng wi
united states code of the rules submitted by the office of the comptroller of currency relating to national banks and federal associations as lenders and for other purposes. the speaker pro tempore: the question is on ordering the previous question of the resolution. members will record their votes by electronic device. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of...