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Energy Transition

Cleveland green bank aims to bring clean energy to underserved communities

October 9, 2023 Mariel Alumit

​A Cleveland, Ohio, green bank is leading a multi-state effort to secure a chunk of $7 billion in funding for low-income residential solar installations under the federal Inflation Reduction Act. Growth Opportunity Partners, a community […]

Bankruptcy

De-Banked: It’s Only A Matter Of Time Before It Happens To You

August 9, 2023 Mariel Alumit

Authored by Nick Giambruno via InternationalMan.com, “We are writing to inform you that we cannot continue serving you. As a result of this decision, your account will be closed within 14 days from the date […]

Zero Edge

Russian Central Bank Governor Visits Iran To Strengthen Financial Ties

May 26, 2023 Mariel Alumit

Via The Cradle, Bank of Russia Governor Elvira Nabiullina visited Tehran for talks with her Iranian counterpart, Mohammad-Reza Farzin, Bloomberg reported on Thursday. The talks focused on strengthening relations between commercial banks from the two […]

Price
Investments

Regional Bank Stocks Rally On Western Alliance Deposit Update. Failed Bank Execs Testify.

May 17, 2023 Mariel Alumit

Regional bank stocks scrambled higher Wednesday, buoyed by a report from Western Alliance Bancorp (WAL) showing deposits increased by $2 billion so far during Q2. That helped ease concerns about smaller lenders after Silicon Valley […]

Price
Bankruptcy

Banks: 10 Weeks Into The Bank Wreck. Where Do We Stand? Who’s At Risk?

May 15, 2023 Mariel Alumit

It’s now been 10 weeks since SVB Financial became the first FDIC-insured banks to fail in 2023, sparking a string of failures and industry chaos. The sector remains volatile, as investors keep a hair-trigger watch […]

Price
Bankruptcy

Bank Reports Show Signs Of Stability. But Investors Are Still Nervous.

May 11, 2023 Mariel Alumit

PacWest Bancorp (PACW) severely missed estimates for Q1 earnings early Thursday as it felt the impact from the recent bank panic. But the Los Angeles-based bank noted deposits have stabilized and it has sufficient liquidity. […]

Crypto

Central Bank Digital Currency Is The Endgame, Part 2

April 8, 2023 Mariel Alumit

Authored by Iain Davis via Off-Guardian.org, In Part 1 we noted that “money” is no more than a medium of exchange. If we cooperate in sufficient numbers, we could create an economy based upon an […]

Bankruptcy

Peter Schiff: Bank Regulations Aren’t The Solution; They Are The Problem

March 29, 2023 Mariel Alumit

Via SchiffGold.com, In the aftermath of the failure of Silicon Valley Bank and Signature Bank, everybody is trying to figure out what happened, who’s to blame, and what can be done to prevent it from […]

Price
Finance

Bank Stocks Falter After Fed Raises Rates, Repairs Continue

March 22, 2023 Mariel Alumit

Bank stocks generally moved lower Wednesday as regulators and banking leaders continued bricking up weak spots in the U.S. rampart of small and midsize banks. Financial stocks saw little change after the Federal Reserve’s critical […]

Bank
Energy Policy

Bank Turmoil Could Undermine The Effect Of Biden’s Clean Energy Bill

March 22, 2023 Mariel Alumit

After the collapse of Silicon Valley Bank and Signature Bank, U.S. clean energy start-ups and companies could face growing difficulties in accessing finance, which could slow the effect of a rapid renewable energy rollout intended […]

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