It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: RelSciHistItSufi
a reply to: Guyfriday
You were in college in the Middle Ages???
I jest!
Actor Kevin Spacey was on Wednesday found not guilty in a London court of a series of sexual assaults against several accusers.
Twelve jurors at the Southwark Crown Court had begun deliberating at about noon on Monday following a three-week trial. Spacey, 64, had pleaded not guilty to 12 charges of sexual assault.
The jury cleared Spacey of nine charges. The additional charges had been struck down before the jury began its deliberations.
Prosecutors had sought during the trial to label Spacey as a "sexual bully," and the actor took the stand to defend himself. Musician Elton John appeared as a witness for the defense, testifying remotely from Monaco about Spacey once attending a gala at his Windsor home.
originally posted by: queenofswords
a reply to: FlyingFox
Biden will pardon him before it comes down to conviction, imo, and be damned the people who object to it. This is the way they roll.
The Democrats want Billions of Dollars for Foreign Aid, but they don’t want to spend a small fraction of that number on properly securing our Border. Figure that one out!
"I would say it's certainly possible that we will raise funds again at the September meeting if the data warranted," said Powell. "And I would also say it's possible that we would choose to hold steady and we're going to be making careful assessments, as I said, meeting by meeting."
The merger marks a rare transaction in the market after several months of government-negotiated sales of failed banks. Bank mergers have also been held up for months or scrapped awaiting regulatory approval.
JPMorgan Chase & Co will buy almost $2 billion worth of mortgages to facilitate Banc of California's purchase of PacWest Bancorp (PACW.O), a source with knowledge of the matter told Reuters.
The investment bank has entered into an agreement to buy $1.8 billion of single-family residential loans at a discount, the source said.
HUNDREDS of Zelle and Chase users were unable to access their direct deposits on Tuesday.
The failures of three sizable banks in March and April exposed major weaknesses in bank regulation. Who did what to whom, and when–a favorite Washington game–is currently playing out. What has received less attention is the major role that uninsured depositors played in these bank failures–and how uninsured deposits remain a major source of instability for the U.S. banking system.
A top US banking regulator has accused some US lenders of misreporting deposit data at a time of industry tension over how deposit levels will be used to assess the cost of this year’s failures of Silicon Valley Bank and Signature Bank.
Wall Street’s biggest banks are bracing for impact.
New rules coming tomorrow could eat up almost all the excess capital they’ve tucked away over the past decade by forcing lenders to thicken their financial cushions — as much as an extra two percentage points of capital — to absorb unexpected losses.
The FDIC announced earlier this year $15.8 billion split between the banks would cover 95% of the costs of uninsured deposits from Silicon Valley Bank and Signature Bank. The financial agency took over the two banks in March after they failed
No matter how well intentioned the Federal Government's actions may be, it cannot guarantee that 'no losses will be borne by the taxpayer,'" the attorneys general said in their letter. "The special assessment may not be directly levied against them, but those costs will ultimately be passed on to taxpayers."
The US economy will suffer a severe recession, spurring the Federal Reserve to slash interest rates by a whole percentage point at once, DoubleLine Capital's chief investment officer says.
In its quarterly survey of 158 big banks, the European Central Bank (ECB) said that demand for loans from businesses over the last three months fell at the fastest pace on record (the time series began in 2003) and banks tightened their credit standard to consumers over the last three months.
Demand for mortgages also dropped sharply, though not as much as the "very large" decrease in the previous two quarters, but a further moderate drop is likely during the third quarter, the ECB added.
Banks said that their stock of non-performing loans (NPL) also pushed them to tighten credit standards.
Some of Europe’s biggest banks are setting aside more cash to absorb potential losses on loans, as rising interest rates increase pressure on borrowers.
The latest flurry of bank earnings in Europe highlighted broader trends in global banking, where investment banks are under pressure due to a deal drought, while higher interest rates are helping profitability in retail banking.
Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes.
Europeans are facing a new economic reality, one they haven’t experienced in decades. They are becoming poorer.
Suddenly, a perfect storm is brewing over the former European powerhouse, signaling that its current recession isn’t just “technical,” as policymakers pray, but rather a harbinger of a fundamental reversal in economic fortunes that threatens to send tremors across Europe, injecting even more upheaval into the Continent’s already polarized political landscape.
New and nauseating accusations have been made in the ongoing litigation between the U.S. Virgin Islands and J.P. Morgan over their respective relationships with Jeffrey Epstein. That’s right; the battle royale between the mega bank and the sandbox for the obscenely wealthy continues and somehow has become more revolting.
In new court filings on Monday, the U.S. Virgin Islands—where the deceased sex-trafficker and pedophile maintained a residence—accused J.P. Morgan of turning a blind eye to Epstein’s criminal activities in its 15-year relationship with him. Among the most eyebrow-raising inclusions in the Virgin Islands’ documents were emails demonstrating just how close some executives were to Epstein.
In one September 2012 email from a senior J.P. Morgan executive to Mary Erdoes, the bank’s CEO for asset and wealth management, they compared a client’s home to Epstein’s: “Reminded me of JE’s house, except it was more tasteful, and fewer nymphettes,” the exec wrote. “More like the Frick [museum]. Art was fabulous.” Apparently, “nymphettes” is rich ghoul code for underage girl. Who knew!
The government of the U.S. Virgin Islands unveiled fresh allegations against JP Morgan Chase this week over its ties to the disgraced late financier Jeffrey Epstein. It's part of a massive lawsuit that accuses the bank of helping conceal his sex crimes and seeks at least $190 million. A lengthy series of new court filings detail the bank's alleged dealings with Epstein while he was a client between 1998 and 2013.