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New York NY, Barney Frank, co-author of the Dodd-Frank Act, the radical overhaul of the banking system after the 2008 global financial crisis, was having his very own Dick Fuld moment.
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Washington DC,Ā the Federal Deposit Insurance Corporation (FDIC) today transferred all depositsāboth insured and uninsuredāand substantially all assets of the former Silicon Valley Bank of Santa Clara, California, to a newly created, full-service FDIC-operated ābridge bankā in an action designed to protect all depositors of Silicon Valley Bank.
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New York NY, to support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors. This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy.
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Washington DC, the following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg:
Continue reading BREAKING: Joint Statement by Treasury, Federal Reserve, and FDIC
Do you ever feel like insurance companies are just out to get you? Do they seem intent on making the process of filing a claim or contesting an amount as difficult as possible? If so, donāt worry. Youāre not alone. The truth is that dealing with insurance companies can be tough, but it doesn’t have to be impossible. With these helpful tips outlined in this article, you will learn how to win against your insurance company and save some extra money in the end!Ā
Continue reading Fighting The Insurance Company: 6 Tips On How To Succeed
Stress is a common part of everyday life. We experience it when weāre overwhelmed at work, when weāre dealing with common relationship issues, and even when weāre handling unexpected issues, like illnesses and injuries. However, one of the most common sources of stress is money. Whether youāre worrying about paying your bills, or youāre concerned your income isnāt enough to accommodate the needs of your family, financial stress can cause a lot of strain.Ā
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Elizabeth NJ, a former investment advisor who stole over $600,000 from his clients to fund his gambling and personal expenses has pleaded guilty, U.S. Attorney Philip R. Sellinger announced today.
Continue reading Union County Investment Advisor Admits Stealing Client Money to Fund Gambling Habit
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Ridgewood NJ, Attorney General Matthew J. Platkin announced that the Bureau of Securities ordered three website operators involved in cyber scams to stop offering fraudulent cryptocurrency investments in violation of the New Jersey Securities Law. The Bureau urges New Jersey residents to beware of romance and cryptocurrency scams known as āpig butcheringā ā a common scheme where perpetrators essentially fatten victims up and then swindle them of all their funds.
Brands have replaced purpose with pandering and consumers donāt like it
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Ridgewood NJ, what matters most in business? Quality, say Americans, who donāt care much for companies promoting political causes.
Continue reading āGet Woke, Go Brokeā Promoting Causes Doesnāt Help Business
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Ridgewood NJ, tax season kicks off January 23, and IRS Criminal Investigation (IRS-CI) reminds U.S. taxpayers to take extra steps to protect their identities and wallets when filing their taxes.
Continue reading IRS Issues Tips to Protect Your Wallet, identity this Tax Season
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Paulsboro, NJ,Ā Hometown Deli is back in the news again with the arrest of Ā Peter Coker Jr., 54. Coker a fugitive charged over an alleged market manipulation scheme in which a small New Jersey deli mysteriously drew a $100 million valuation was arrested last week in Thailand . Coker had been on the lam since last September, when prosecutors slapped him, his father, Peter Coker Sr., 80, and associate James Patten, 63, with 12 federal charges.
$11,534 is the 2023 savings goal for the average New Jerseyan, finds survey.
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Ridgewood NJ, as the new year begins, itās usually the time we start to think about what we want to do, or achieve, over the year ahead, and make some resolutions. Perhaps itās to lose weight, quit smoking, or even save money – but if what we want is vague, itās less likely to happen. Indeed, studiesĀ that fewer than 25% of people actually stay committed to their resolutions after just 30 days and only 8% accomplish them.
Continue reading Survey Finds $11,534 is the 2023 savings goal for the average New Jerseyan
raising hopes for FED engineered “soft landing”Ā
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Washington DC, (8:33 am) the Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a seasonally adjusted basis, after increasing 0.1 percent in November, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 6.5 percent before seasonal adjustment. The index for gasoline was by far the largest contributor to the monthly all items decrease, more than offsetting increases in shelter indexes.
Continue reading Consumer Price Index Falls 1% , Suggesting Further Deceleration in Inflation
Gold has been a symbol of wealth and power for centuries, and its investment potential is unparalleled. As an investor, you may be wondering why gold remains the quintessential choice when it comes to building your long-term portfolio. The answer is simple: Gold offers stability and security in times of economic uncertainty. From the dawn of civilization to the modern day, gold has consistently proven itself as a dependable asset that can help protect investors from market volatility. It also holds a unique position within financial markets due to its scarcity; no matter how much money is printed or how many stocks are bought and sold, there will always remain only so much gold on Earth. This makes it particularly attractive for those seeking to build their retirement savings or hedge against inflationary pressures over time.
Continue reading Gold: The Quintessential Investment for the Future
