Tag: banking system
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Banking as Border Control: Washington’s Next Citizenship Shock
A new line is forming in America’s immigration battle, and it does not run through the border. It runs through the bank. Bloomberg reported on April 14 that Treasury Secretary Scott Bessent said an executive order requiring banks to collect citizenship information from customers is “in process.” That matters because, as of now, published federal…
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The Frankenstein Economy
Over the next few weeks, we will be publishing a series of columns that we hope will help investors understand what will be the global economic drivers for the next 10 years. We will discuss their effects on our lives and how to profit from the changes ahead through a series of 10 investment themes.…
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Top 50 Safest Global Banks
For banking safely, global citizens had better go to the local government. And pretty much avoid the U.S. At least that seems to be the take away from Global Finance Magazine’s ranking of the world’s safest banks. The top 9 banks in the magazine’s World’s 50 Safest Banks list are all state-backed institutions. The No.…