@spinach #Cryptocurrency WAS for the risk-takers. It is also a buy and get oot thing. At no point in time, has as much #currency been stolen frae #banks or armoured vehicles as their has been in #cyberspace frae so-called #crypto wallets. What was touted as "secure" is everything but.

#Banks and other credit institutions in #Lithuania have paid EUR 56mn in temporary solidarity #tax for Q2/2023, the Finance Ministry reports. Altogether 18 credit institutions made the first quarterly advance payment by the deadline of 31 August 2023.

https://viabaltica.fi/lithuania-banks-pay-eur-56mn-in-solidarity-tax-for-q2-2023/

Scott #Banks hat sich im Spiel gegen Eintracht Braunschweig am Freitag (1.9.) einen Riss des vorderen Kreuzbandes im rechten Knie zugezogen.

Gute Besserung, Scott! Wir wünschen Dir eine möglichst schnelle Genesung. 🤎🤍

Mehr dazu:
https://www.fcstpauli.com/news/scott-banks-erleidet-kreuzbandriss/

#fcsp

#Banks in #Lithuania are due to pay over EUR 50mn in temporary solidarity #tax by 31 August 2023. The government expects to raise a total of around EUR 400mn from the windfall tax over two years.

https://viabaltica.fi/lithuania-banks-due-to-pay-first-tranche-of-windfall-profit-tax/

@molly0xfff in general, #Banking in the #USA is just trash due to lack of #Regulation.
Whereas in #Germany, #Banks have to accept all legitimate transactions and are only allowed to widthhold or delay payouts based off #sanctions, #MoneyLaundering or actual seizures by courts.
And #SexWorkIsWork so they really ain't in a position to deny any deposits or withdrawals.

I really need to take a look which banks allow non-resident customers with just remote KYC & AML and not require in-person visits.

#Latvia's central bank supports the Finance Ministry's plan to introduce a mandatory requirement that #banks pay corporate income #tax on their profits in advance. Martins Kazaks, governor of the Bank of Latvia, argued that the solution should be permanent.

https://viabaltica.fi/latvia-central-bank-supports-planned-new-tax-on-banks/

"Campaign groups and law firms are calling for increased regulation for environmental financing after it was revealed that the UK-based lender Barclays used one of its “sustainable finance” initiatives to provide funding for the oil and gas company Shell."

#UK #UnitedKingdom #Banks #Finance #Barclays #Environment

https://bylinetimes.com/2023/08/16/campaign-groups-call-for-increased-regulation-after-barclays-classifies-loan-to-shell-as-sustainable-finance/

@maxi If it wasn't a legal nightmare and a multi-million € effort I would've already started a bank if not seen a former employer of mine become a bank.

Alas, @BaFin has become even.stricter since #Wirecard and that's for sadly good reasons:

#Banks in #Europe are strictly regulated and forced into harsh oversight BECAUSE THEY FAILED HARD IN THE PAST!

This is a fairly unsusal move for a very right leaning government (but politically, much safer than a wealth tax): #Italy’s Meloni defends windfall tax move against #banks | The Guardian #Economy #News
https://www.theguardian.com/world/2023/aug/14/italy-giorgia-meloni-defends-windfall-tax-move-against-banks

💰 The right-wing of #Italy government has passed a one-off 40% tax on the profits #banks earn from higher interest rates, in a shock move that has seen #shares plummet

A hike in official interest rates has resulted in record #profits for Italian banks, prompting the government's move

Proceeds will be used to help #mortgage holders and to cut #taxes, the government says

But Italian banks have said the tax on their profits will be "substantially negative" for the sector

https://www.bbc.co.uk/news/world-europe-66440335

»#WallStreet #banks #fined $549 million for record keeping failures: effort to stamp out the use of #securemessaging apps like Signal, WhatsApp, iMessage by Wall Street employees and managers.« https://www.cnbc.com/2023/08/08/regulators-hit-wall-street-banks-with-549-million-in-penalties-for-record-keeping-failures-.html?eicker.news #tech #media

Another week of earnings passed after I posted this and now we have 9 (!!!) new highs and 57 on top gainers list.

Just incredible turnaround #banks #markets

@ph00lt0 @GrapheneOS also basically any juristiction requires #banks to name their #regulator & #license number due to basic international standards like the #Basel & #OECD standards as well as #FATF.

So even if it was legal to not name the regulators and license number - which IDK if any juristiction doesn't require it - that'll basically get any bank #boycotted and #disconnected, cuz even #NorthKorea's banks follow these rules! https://mastodon.social/@ph00lt0/110802221892704644

@ph00lt0 @GrapheneOS Considering the #DumpsterFire that is #WireCard, @BaFin did up their regulatory due diligence...

Or as #PatrickBoyle put it into words:
'European [not just #EU] banking regulations are strict because #Banks failed very often.and very had in the last 100 years in Europe'
https://www.youtube.com/watch?v=hV0gpO1B6tU

'How Nigel Farage became the hero of sex workers'
'The Prime Minister himself spoke out when Farage’s Coutts bank account was closed – would he have done the same if it was a sex club owner’s?'

https://www.newstatesman.com/comment/2023/07/how-nigel-farage-became-the-hero-of-sex-workers

#SexWork #SexWorkers #banking #RishiSunak #NigelFarage #banking #bank #banks #Farage

Nigel Farage's bank account was closed due to concerns.

'The document flagged concerns that he was "xenophobic and racist", and also raised concerns about the reputational risk of having Mr Farage as a client.'

'Mr Farage said the BBC had fallen for "spin" and he had been "cancelled" for his political views.'

https://www.bbc.co.uk/news/entertainment-arts-66288464

#Farage #banking #UK #NatWest #Coutts #politics #NigelFarage #bank #banks

The total profit of #banks operating in #Estonia in H1/2023 was almost as high as in the whole of 2022. #Swedbank's net profit amounted to EUR 214mn, #SEB Bank's to EUR 113.3mn, and #LHV Group's to EUR 68.9mn in six months.

https://viabaltica.fi/estonia-bank-profits-in-h1-2023-almost-as-high-as-in-whole-of-2022/

Like all buggy whip manufacturers, office space #PropertyOwners and #banks are bemoaning how commercial #RealEstate values are plummeting, and demanding that businesses and government do ... SOMETHING ... to get all those remote workers back into their high-rises.

#WFH

https://www.cnn.com/2023/07/13/investing/remote-work-impact-real-estate/index.html

#Latvia's President Edgars Rinkevics met with the governor of the Bank of Latvia, Martins Kazaks, to discuss issues related to the financial sector. Rinkevics called for a "radical change of direction" from Latvian commercial #banks to improve the availability of financial services.

https://viabaltica.fi/latvia-pres-rinkevics-urges-banks-to-be-more-active-in-lending/

#banks #robbersinsuites
Article: Nearly one million mortgage holders face £500 hike in monthly payments by 2026, Bank says
Nearly one million mortgage holders face £500 hike in monthly payments by 2026, Bank says

https://f7td5.app.goo.gl/oXqQBA

Sent via @updayUK