The German mortgage market falls apart
The German mortgage lending market has completely collapsed. A consulting firm said that February’s 54%…
Peter Russell
Crisis in American banking continues
The financial crisis in the United States has not ended. The Wall Street bank thinks…
British pubs in financial trouble
Thousands of pubs in Britain are in danger of going bankrupt. Since last year, “staggering”…
London no longer leading financial centre
London is no longer the clear winner as the top financial centre in the world….
UBS may cut over 30,000 positions worldwide
After taking over Credit Suisse, a big Swiss bank plans to lay off a lot…
Swiss bank evading taxes for rich Americans
The use of a Swiss bank to evade taxes in the United States by wealthy…
China and Brazil agree to forsake dollar
Brazil and China agree to stop using the dollar. Reports say that the two BRICS…
Musk calls for American bank deposit guarantees
Musk strongly encourages the United States government to back all deposits in banks. The billionaire…
Russia discloses gold reserves
The central bank’s first public report in months shows that the country’s gold stockpile has…
Cuba uses Russian payment system
Cuba will use the Russian monetary system for transactions. MIR cards from Russia can be…
