There seems to be internet problems going on. Is this connected to Planet X? [and from another] http://money.cnn.com/2014/01/26/news/world/uk-lloyds-atm-outage/ind...  A Lloyds Banking Group spokeswoman said the three-hour outage had been resolved. A technical problem left customers at the U.K.'s largest bank unable to make purchases or withdrawals using their payment cards. [and from another] http://www.bbc.co.uk/news/business-25861717  Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it. [and from another] http://iacknowledge.net/breaking-hsbc-bank-and-china-out-of-cash-ch...  The People’s Bank of China, the central bank, has just ordered commercial banks to halt cash transfers. In short, there will be a three-day suspension of domestic renminbi transfers.  There will also be a suspension, spanning nine calendar days, of conversions of renminbi to foreign currency. The specific reason given—“system maintenance” at the central bank—is preposterous.  It is not credible that during the highest usage period in the year—the weeklong Lunar New Year holiday beginning January 31—the central bank would schedule an upgrade and shut down cash transfers. [and from another] http://en.ria.ru/business/20140127/186966541/Russias-Central-Bank-B...  Russia’s top monetary authority slammed digital currencies, warning that Bitcoin use can lead to criminal charges in the country. The anonymously produced “virtual currencies” can be intended by its producers for money laundering and terrorism funding purposes, the Central Bank said in a statement. This means that Russian digital currency users can become involved in criminal activity simply by using the Bitcoin and its analogues.

Suddenly banks are tightening the rules and the reins, all in the weeks ahead of the anticipated announcement admitting that Nibiru exists and is nearby. Is there a relationship? We predicted that banks would limit their hourslimit their withdrawals, and even be closed temporarily if a panic ensued. The likely time when such steps would be viewed as necessary would be during the announcement and shortly thereafter. One of the first reactions in a populace taken by surprise by the announcement would be to stock up on food, gasoline, and cash. The banks are anticipating a run on their ready cash, which frankly is not in hand! 

The complicated world of paper money is such that banks are not required to hold what is technically owned to depositors in the form of cash. It is, therefore, technically impossible for a bank to payout savings to depositors, on demand. This likewise guts their standing, as to issue loans they have to have backing for the loans, and savings is one of the pillars their house of cards stands upon. For both those reasons, a run on a bank, whereby depositors try to pull out their savings, would be sharply limited during a panic. The steps taken by banks in the UK and and elsewhere are only part of the picture, as most limitations already in place have not yet hit the media. 

Source: ZetaTalk Chat Q&A for February 1, 2014

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Comment by Starr DiGiacomo on June 4, 2016 at 6:59am

http://www.zerohedge.com/news/2016-06-03/deutsche-bank-atms-block-c...

Deutsche Bank ATMs Block Cash Withdrawal Due To "Technical Glitch"

In what appears to be a widespread problem, Germany's Spiegel reports that customers are unable to withdraw cash from Deutsche Bank ATMs due to a "technical glitch."

 Via Google Translate,

A German bank spokeswoman declined to comment on the problem first.

 

But the bank finally conceded a technical glitch in online banking.


 

The deposits and withdrawals were partially displayed twice or not ready, the bank said.

 

"None of these payments twice shown has taken place," it says in the statement.

 

Apparently slipped some accounts due to the alleged double deduction into the red. "I could not pay by card. By double counting our account is in the red. Also withdraw money I could not, because our credit limit is not sufficient," wrote a user on a Facebook.

With everything that is going on, one can only wonder if desperate times have led to desperate measures... or, of course, this could simply be a "technical glitch" which just happened to occur on a Friday evening - the busiest time for cash withdrawals.

Comment by Scott on May 30, 2016 at 9:14pm

Suicide of Zurich Insurance executive Martin Senn announced.
His death follows the suicide, three years ago, of another Zurich Insurance executive (5/30/16)

Swiss police are investigating the apparent suicide of former Zurich Insurance Group CEO Martin Senn, officials said Monday.

Senn, 59, resigned from the company in December, citing the company's business setbacks under his direction.

His death follows, by three years, the suicide of Pierre Wauthier, 53, Zurich Insurance Group's former chief financial officer. Wauthier left behind a note mentioning internal tensions within the company, and undue pressure placed on him by then-chairman Josef Ackermann. A probe by Swiss financial regulators cleared company leaders of placing inordinate stress on Wauthier, but Ackermann resigned shortly after the suicide.

Swiss media reports said Senn shot himself Friday. The Graubunden police did not confirm the means of death, but said no suicide note has been found.

http://www.upi.com/Business_News/2016/05/30/Suicide-of-Zurich-Insur...

Comment by Scott on May 24, 2016 at 8:12am

Jailed Icelandic banker among helicopter crash passengers (5/23/16)

Ólafur Ólafsson served just one year of a 4-and-a-half year ...

One of the two Icelandic passengers on board the helicopter which crashed near the Icelandic volcano Hengill yesterday was disgraced Icelandic banker, Ólafur Ólafsson.

Three foreign nationals were among the five passengers on board.

All five were helicoptered to hospital following the incident. Some had suffered broken bones, but none are considered to have sustained life-threatening injuries.

Ólafsson was one of four men jailed in 2015 in the so-called ‘Al-Thani case’ on charges of breach of trust and market abuse.

He is an investor and majority owner shipping company Samskip, and is the owner of the crashed helicopter. He is believed to have sustained back and neck injuries.

http://icelandmonitor.mbl.is/news/news/2016/05/23/jailed_icelandic_...

Comment by Starr DiGiacomo on April 12, 2016 at 12:16am

https://www.superstation95.com/index.php/world/1144

After Emergency Federal Reserve Meeting TODAY, Obama and Biden to Meet with Yellen! Rumor: Martial Law Discussions for Banking Failure

After Emergency Federal Reserve Meeting TODAY, Obama and Biden to Meet with Yellen! Rumor: Martial Law Discussions for Banking Failure

RUMORS swirling say "Martial Law discussions over a banking system failure" are the reasons President Obama and Vice President Biden are to meet with Fed. Chair Janet Yellen today after the Federal Reserve's Emergency Meeting this morning.  In the history of the United States, it has never before taken place that both the President AND Vice President meet "unexpectedly" with the Federal Reserve.  Speculation is already flowing all over Washington, DC that it may have something to do with "the survival of the government."

Members of the House and Senate are said to have been "up all night" in discussions and meetings; with floods of phone calls back and forth.  

More:  Tuesday and Wednesday the G20 Finance Ministers and Central Bank Governors meet in DC and on Thursday the IMF and World Bank meet in DC as well.

All the leading bankers in the world will be in DC this week. 

Something wicked this way comes and it is coming very, very soon; within days we suspect.

Next Tuesday: The Chinese are scheduled to announce their switch from dollar to yuan on Tuesday, April 19th; which will send about two TRILLION in cash back to the US and send inflation skyrocketing overnight.

If you are not prepared, you have run out of time.

You need to have emergency cash to live on in case banks close for a couple weeks and shut down credit, debit cards and ATM's;  not cash to pay your bills, but rather cash to SURVIVE with for food, fuel, medicine.

Stores may have to close, so you'd better have food,  the shelf-stable type that doesn't go bad:  50lb Bag(s) of rice, Boxes of various Pasta, canned meats, jarred sauces.  Butter, sugar, salt etc.  Enough to survive for awhile just in case.

UPDATE  1:35 PM EDT  APRIL 11, 2016

 

While today's Expedited meeting of the federal reserve was called last Thursday, over the weekend astonishing banking developments took place in Europe.

Austria became the first European nation to utilize the new "Bail-in" regulations, seizing 54% of Senior Bondholders stock value to pay the bad debts of Hypo Alpe Adria bank / the Heta Asset Resolution AG.  While senior bond holders were considered "preferred" creditors and got 46% of their investment covered, Depositors were considered "subordinated" creditors and got: NOTHING!  Citizens were left broke. Story HERE

Five hours later, the Finance Minister of Italy called an Emergency Meeting of Italian Bankers in Rome to engage what he called a "last resort" to deal with 360 Billion in bad loans against banks with only 50 Billion in Capital.  That story is Here.

It appears an actual worldwide banking crisis is literally within view on the horizon and this week seems to be when all of it may come to a head.  Perhaps that's why the Finance Ministers of the G-20 nations will meet in Washington Tuesday and Wednesday, and then on Thursday, the World Bank and IMF will meet in Washington.

With every major banker in the world meeting in Washington this week, something is surely "up," and many people are starting to think the general public is about to get "hosed." 

Comment by sue uk on April 6, 2016 at 6:31pm

There was a similar situation in Lancs Uk, sudden closing of 5 Santandar machines.............

http://www.bbc.co.uk/news/uk-england-lancashire-35953847

Comment by Starr DiGiacomo on April 5, 2016 at 11:58pm

http://newzsentinel.com/was-there-a-run-on-the-bank-jpm-caps-some-a...

Was There A Run On The Bank? JPM Caps Some ATM Withdrawals

April 5 2016

(Zero Hedge)  Under the auspices of “protecting clients from criminal activity,” JPMorgan Chase has decided to impose withdrawal limits on certain ATM transactions. As WSJ reports, following the bank’s ATM modification to enable $100-bills to be dispensed with no limit, some customers started pulling out tens of thousands of dollars at a time. This apparent bank run has prompted Jamie Dimon to cap ATM withdrawals at $1,000 per card daily for non-customers.

Most large U.S. banks, including Chase, Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. have been rolling out new ATMs, sometimes known as eATMs, which perform more services akin to tellers. That includes allowing customers to withdraw different dollar denominations than the usual $20, typically ranging from $1 to $100.

The efforts run counter to recent calls to phase out large bills such as the $100 bill or the €500 note ($569) to discourage corruption while putting up hurdles for tax evaders, terrorists, drug dealers and human traffickers.

The Wall Street Journal reported in February that the European Central Bank was considering eliminating its highest paper currency denomination, the €500 note. Former U.S. Treasury Secretary Lawrence H. Summers also has called for an agreement by monetary authorities to stop issuing notes worth more than $50 or $100.

This move appears to have backfired and created a ‘run’ of sorts on Chase…

A funny thing happened as J.P. Morgan Chase & Co. modified its ATMs to dispense hundred-dollar bills with no limit: Some customers started pulling out tens of thousands of dollars at a time.

While it was changing to newer ATM technology, J.P. Morgan found that some customers of banks in countries such as Russia and Ukraine had used Chase ATMs to withdraw tens of thousands of dollars in a single day, people familiar with the situation said. Chase had instances of people withdrawing $20,000 in one transaction, they added.

Remember Greece?

And, in what appears to the start of a war on cash in America, The Wall Street Journal reports,  the bank is cracking down, capping ATM withdrawals at $1,000 per card daily for noncustomers.

The bank run by Chairman and Chief Executive Jamie Dimon said there doesn’t appear to be fraud involved. But in part due to heightened regulatory scrutiny, banks are paying more attention to large cash transfers that could be a sign of money laundering or other types of shady activity.

The move by the largest bank in the country doesn’t affect J.P. Morgan Chase’s own customers, whose maximum daily withdrawals are set depending on the client’s account type.

J.P. Morgan Chase’s change last month affects roughly 18,000 automated teller machines nationwide and followed an interim step earlier this year limiting noncustomer cash removals at $1,000 per transaction. The earlier move was made as a temporary fix while the bank could make software changes…

Comment by Scott on March 20, 2016 at 7:49am

Roger Agnelli, Brazilian banker who became Vale CEO, dies in plane crash aged 56 (3/20/16)

Roger Agnelli, the Brazilian banker who turned Vale SA into the world’s No. 1 iron ore producer, died on Saturday in a plane crash, a source close to aviation authorities said.

Agnelli, his wife and two children were among seven killed when his Comp Air 9 turboprop monoplane slammed into two homes around 3.20pm local time, minutes after taking off from an airport in northern São Paulo, said the source, who asked not to be named due to the sensitive nature of the information.

...The weather was clear at the time of the crash.

...Agnelli clinched the top job at Vale in July 2001 after 19 years as a corporate and investment banker with Banco Bradesco SA, a major Vale shareholder.

...In a Harvard Business Review ranking of the world’s best-performing chief executive officers published in February 2013, Agnelli came fourth, only behind Apple Inc’s Steve Jobs, Amazon.com Inc’s Jeff Bezos and Samsung Group’s Yun Jong-yong. He was the top mining CEO in the 100-executive ranking.

...He began his career at Bradesco’s corporate finance and investment banking division. His knack for engineering complex deals earned him praise from his bosses, who turned him into Bradesco’s youngest senior vice president at the age of 29.

http://www.scmp.com/news/world/americas/article/1927625/roger-agnel...

http://www.nydailynews.com/news/world/executive-7-dead-brazil-plane...

Comment by Starr DiGiacomo on February 5, 2016 at 5:24am

http://www.msn.com/en-us/money/taxes/irs-computer-problems-shut-dow...

IRS computer problems shut down e-file system

The Internal Revenue Service suffered a "hardware failure" on Wednesday afternoon, which left many of its tax processing systems unavailable Wednesday night, the agency announced in a statement.

The agency stopped accepting electronically filed tax returns because of the problem. The outage could affect refunds, but the agency said it doesn't anticipate "major disruptions."

"The IRS is still assessing the scope of the outage," the agency said. "At this time, the IRS does not anticipate major refund disruptions; we continue to expect that nine out of 10 taxpayers will receive their refunds within 21 days."

The IRS.gov website remains available, but "Where's My Refund" and other services are not working.

Some systems will be out of service at least until Thursday, the agency said. "The IRS is currently in the process of making repairs and working to restore normal operations as soon as possible," the IRS said.

Taxpayers can continue to send electronic returns to companies that serve as middlemen between taxpayers and the IRS. But those companies have to hold on to the tax returns until the IRS systems are up and running again, the IRS said.

People who have already filed returns don't need to do anything more, the IRS said.

Comment by Starr DiGiacomo on January 12, 2016 at 9:10pm

http://www.amtvmedia.com/royal-bank-of-scotland-tells-investors-to-...

https://www.consumeraffairs.com/news/royal-bank-of-scotland-warns-i...

Royal Bank of Scotland warns investors to “sell everything”

Note warns that world stock markets poised to lose up to 20% of value

PhotoPhoto (c) sergey_p - Fotolia It's one thing when forecasters selling a report or video warn that the stock market is about to crash. It's another when an international bank raises the alarm.

In an unusually grim assessment from a banking institution, the Royal Bank of Scotland (RBS) has suggested that investors should sell their stocks and move money into high quality bonds.

“We think investors should be afraid that the ominous outlook for the world in our Year Ahead has been borne out (ex-ECB cuts) over the past six weeks,” RBS said in a note to clients. “Rather than fade, we say follow - and be cautious in 2016.”

2008 rewind

RBS says the world economic situation looks similar to 2008, just before the Lehman Brothers bankruptcy touched off a world financial crisis. That echoes a similar observation last week by billionaire investor George Soros, who told a conference in Sri Lanka that the current economic situation also reminds him of 2008.

The bank says the three asset classes that benefited from the Federal Reserve's Quantitative Easing and low interest rates should be expected to lose value, now that the Fed has reversed course. But China, the bank says, is making matters worse.

China's problems have been on display the last week or so as the Chinese stock market has sunk 10%. The RBS says it has further to fall, though, as the Chinese government struggles to get a handle on debt.

Commodities collapse

The recent collapse in commodity prices is also highlighted as a threat. On one hand consumers are enjoying lower gasoline prices. But banks and bond holders who have loaned money to oil drillers, with the expectation that oil prices would remain high, face increasing odds of default when those businesses file for bankruptcy.

The RBS note says oil is likely to fall to $26 a barrel, and could spike as low as $16. As icing on the doomsday cake, the bank notes that automation is on its way to destroying 30% to 50% of all jobs in the developed world.

The RBS economists say they are sticking to their call for a 10% to 20% drop in global stock markets. Hence, it's advice to sell before everyone else does.

“In a crowded hall, exit doors are small,” the note concludes. “Risks are high.”

Perhaps, but this can't be stressed enough. Before making any major investment decision – either buying or selling – it is always wise to discuss it with a trusted and objective financial advisor.

Comment by Starr DiGiacomo on June 4, 2014 at 2:30am

http://news.stv.tv/east-central/276853-daniel-leaf-killed-after-fal...

Ex-banker falls 1000ft off cliff in fatal Highlands hiking accident

Daniel Leaf, 55, from Edinburgh, who died after falling off a cliff an a hillwallking accident in the Cairngorms. Image from his former company Saracen.Death: Daniel Leaf dies after falling off cliff in Cairngorms hillwalking accident.

A former banker has died after plunging 1000ft off a cliff in a hillwalking accident in the Highlands.

Daniel Leaf, 55, from Edinburgh, was involved in the accident while on a walking trip on Saturday.

Members of the group he was with called the emergency services after the fall at The Prow on Ben Alder.

The father-of-one was airlifted to hospital by a Navy rescue helicopter, but died from his injuries shortly afterwards.

Mr Leaf was a senior manager at the Bank of Scotland before moving to investment firm Saracen Fund Managers (SFM) in 2011.

A SFM statement said: "Daniel will be remembered as a talented investor, a dedicated member of our team, a good friend and a fine man.

"We will all miss him dearly and our thoughts are with his wife Sandra and son Sam at this sad time."

A spokesman for Police Scotland said: "We received a report that a man had fallen in the Highlands around 3pm while he was walking with a party of other people.

"It appears that they saw him falling and it quickly became apparent he had suffered serious injury. A helicopter was dispatched and he was airlifted off the mountain.

“Due to the nature of the fall a mountain rescue team was not required."

Last year saw among the highest number of recorded deaths in the hills for decades, with 12 people losing their lives.

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