Review Mortgage Lenders

Bank One

Banking 1

Introduction to how banks make money and the value they (potentially) add to society.

Goldman Has a New Way for You to Bet on the Next Banking Crisis

Wall Street and City of London banks have a long track record of creating derivatives around debt markets as investors grow nervous that they’re becoming too exposed. Before the financial crisis a decade ago, they created credit-default swaps tied to subprime mortgages, enabling the trade that Michael Lewis made famous in his book “The Big Short.” Other swaps created around the same time have since become used to bet against commercial mortgages that are heavily exposed to shopping malls.

AT1 notes can’t be hedged with credit-default swaps because banks can skip coupon payments on the bonds without triggering a default.

The total-return swaps allow investors to hedge a basket of AT1s, and traders can make amplified gains -- or potentially outsized losses -- without having to own the underlying notes or tie up large amounts of collateral.

Goldman Sachs is making markets in swaps tied to an iBoxx index of dollar-denominated bank-capital notes and a gauge of similar euro bonds, Ruscher said. The two indexes include AT1s issued by lenders such as Banco Santander SA, Deutsche Bank AG and HSBC Holdings Plc.

One-armed woman accused of robbing East McKeesport bank

An East McKeesport woman with one arm was arrested on charges of trying to rob a bank at knifepoint Tuesday, authorities said.

Tribune-Review news partner WPXI-TV reported that Wanda Irvin, 52, walked into the Key Bank on Fifth Avenue in East McKeesport at about 4 p.m. Tuesday, brandished a knife and told a teller to give her cash. When the teller refused, Irvin ran out and drove away.

According to the criminal complaint against Irvin, police tracked her license plate number to her East McKeesport home, where they found her outside with the door open. Suspecting Irvin may have been armed with a knife, officers drew their weapons and ordered her to the ground, where she said "I don't know why I did it," according to the complaint.

"Officers had no ability to physically secure this woman at the time, so she was brought back to (an officer's) patrol vehicle," police wrote in the complaint.

What happens if one bank closes your account but you have 10 others?

Lets say one bank closes your account due to overdraft that hasn't been paid and they report you to the credit bureau that regulates banks which means you can't open another account.

You can be arrested for over drafting and leaving, a bank account.

Most banks don't mess around with this.

If arrested, they will get restitution and court costs, and so will the court.

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