Financeflux

Report: Major US Bank Denies Reimbursement to Customer Following Theft of Cash from Account Captured on Camera

Daisy HodleyOct 27, 20232 min read

Bank of America Refuses to Reimburse Customer Despite Video Evidence of Theft A major US bank, Bank of America, has faced criticism after refusing to reimburse…

Report: China Experiences Largest Capital Outflow in Seven Years as $5.1 Billion Leaves Troubled Stock Market

Daisy HodleyOct 24, 20232 min read

China Experiences Largest Capital Flight in Seven Years as $5.1 Billion Leaves Stock Market: Goldman Sachs According to Goldman Sachs, China is currently facing the largest…

Significant Risks and Unclear Use Case: Insights from Fed Governor on CBDC in the US

Daisy HodleyOct 18, 20232 min read

Federal Reserve Bank Governor: CBDC Use Case in the US is Unclear Michelle Bowman, a governor at the Federal Reserve Bank, recently expressed uncertainty regarding the…

China’s Officials Strive to Prevent Contagion Amid Financial Fears Sparking Bank Run: Report

Daisy HodleyOct 16, 20232 min read

Chinese Authorities Take Action Amid Bank Run and Financial Fears Chinese authorities are taking steps to prevent further financial contagion as a bank run unfolds in…

IMF Warns of America’s Alarming Fiscal Path as $1.7 Trillion US Budget Deficit Breaks Records in 2023

Daisy HodleyOct 14, 20232 min read

New Numbers Reveal Massive US Budget Deficit in 2023 In the recently concluded fiscal year, the US government’s spending exceeded its revenues by over a trillion…

JPMorgan Chase and Other Big Banks Encounter Major Glitch in Japan, Resulting in $81 Billion Bank Transfer Halt: Report

Daisy HodleyOct 13, 20232 min read

Bank Transfers Frozen in Japan as Major Glitch Hits Big Banks Engineers are currently investigating a banking glitch that caused a complete shutdown of bank transfers…

US City Becomes Latest Basic Income Testing Ground: $4.86 Million to be Distributed

Daisy HodleyOct 13, 20232 min read

A US City Launches Multi-Million Dollar Basic Income Pilot A major US city is set to launch a basic income pilot, providing financial support to those…

Report: Business Owner Loses $270,000 as Bank Refuses to Compensate

Daisy HodleyOct 7, 20232 min read

A Business Owner in Southwest Florida Loses $270,000 from Bank Account A business owner in Southwest Florida is facing a frustrating situation after hundreds of thousands…

BRICS Nations China, Brazil, and Saudi Arabia Discard $17.4 Billion in US Treasuries within a Month

Daisy HodleyOct 6, 20232 min read

BRICS Nations Unload US Treasuries China, Brazil, and Saudi Arabia, all members of the BRICS group, have quietly reduced their holdings of US Treasury securities. According…

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