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“Several Senior Executives” From Chinese Banks Investigated And Arrested In Recent Weeks, Global Times Reports

“Several Senior Executives” From Chinese Banks Investigated And Arrested In Recent Weeks, Global Times Reports

BY Tyler Durden | ZeroHedge That’s because this week, the state-owned mouthpiece Global Times made the announcement that “several senior executives of Chinese banks” had been “put under investigation or arrested over recent weeks”. According to the Central Commission for Discipline Inspection, the regulatory scrutiny comes as China looks to fight against corruption in the financial sector.  […]

Evergrande Suspends Trading In All Bonds

Evergrande Suspends Trading In All Bonds

BY Tyler Durden | ZeroHedge Earlier today we pointed out that in what can (obviously) only be a remarkable coincidence, China’s largest, and most systematically important real estate developer, China Evergrande (and its $300+ billion in debt), collapsed on the 13th anniversary of Lehman’s bankruptcy filing, when Beijing told Evergrande’s creditor banks that the insolvent company, which […]

5 Smart Financial Decisions That Will Make Your Life Easier

5 Smart Financial Decisions That Will Make Your Life Easier

    By Justin Weinger Money is one of the biggest causes of stress in the world today, and it’s easy to look back on the financial mistakes we’ve made in the past and wish we’d taken more care at the time. In this article, we’ll look at certain approaches you can take and habits […]

SBA Clarifies Eligibility of Faith-Based Organizations to Participate in Paycheck Protection and Economic Injury Disaster Loan Programs

SBA Clarifies Eligibility of Faith-Based Organizations to Participate in Paycheck Protection and Economic Injury Disaster Loan Programs

WASHINGTON – SBA Administrator Jovita Carranza today announced that SBA issued guidance clarifying that all faith-based organizations impacted by Coronavirus (COVID-19) are eligible to participate in the Paycheck Protection Program and the Economic Injury Disaster Loan program, without restrictions based on their religious identity or activities, to the extent they meet the eligibility criteria outlined in the CARES […]

Oxnard Treasurer to be included in approval of debt issues?

Oxnard Treasurer to be included in approval of debt issues?

By Phil Molina, Oxnard Treasurer  . We the People, The City Treasurer, has been added with the City Manager, ​CFO and City Attorney  as one of the city officers who must review and approve the issuance of debt instruments before the proposal is presented to the City Council. ​Thank you for your assistance in getting […]

Student Debt Slavery II | Time to Level the Playing Field

Student Debt Slavery II | Time to Level the Playing Field

  . By Ellen Brown This is the second in a two-part article on the debt burden America’s students face. Read Part 1 here. The lending business is heavily stacked against student borrowers. Bigger players can borrow for almost nothing, and if their investments don’t work out, they can put their corporate shells through bankruptcy and […]

Defendant sentenced to 14 years for bilking Financial Institutions out of $16 Million

Defendant sentenced to 14 years for bilking Financial Institutions out of $16 Million

By Jennifer Felten United States v. Vera Kuzmenko In this case the United States government brought an action against defendant Vera Kuzmenko, a real estate agent, and others, on account of a massive real estate fraud she orchestrated. The scheme involved the defendant obtaining real estate commissions by submitting grossly fraudulent loan applications to lenders […]