HSBC has officially closed the bank account of one of Britain’s oldest mosques, in an effort to minimize its risk. The mosque’s chairman said the banks’ action was discriminatory and Islamophobic. Meanwhile, they have opened an account with a new bank.
It was the West that armed and financed ISIS and it is “outrageous” to blame Muslims for supporting extremists and close their bank accounts when they’ve done nothing wrong, Massoud Shadjareh from the Islamic Human Rights Commission, told RT.
Whatever Russia does, doubt does not even enter the equation. The answer is sanctions. So here we go again. The US Treasury-EU latest sanction package targets Russian banking, the energy industry and the defense industry.
Canada has expanded its sanctions against Russia to include the country’s largest lender Sberbank, and five other companies, as well as five individuals. Russia plans to retaliate against the measures.
One in 10 prime working age Americans are finding that by the time they get their paychecks, credit and loan businesses have been there first. The striking figure emerged after millions of payrolls were checked as part of a study by NPR and ProPublica.
The Russian ruble fell to a new record low against the US dollar, passing the 38 units to the dollar benchmark, after the EU and US rolled out new sanctions paired with dropping oil prices. Investors are uneasy on what Russia’s response will be.
Almost $27 billion of financial assets were pulled out of Britain in August in the run up to Scotland’s vote on independence, according to a new report by a London-based consultancy comparing the capital outflow to the Lehman Brothers collapse in 2008.
Crypto currencies like bitcoin could threaten Britain’s financial stability if widely adopted, the Bank of England (BOE) says. Despite admitting digital currencies are still marginal, the Bank suggests they are no longer the purview of cypherpunks.
The European Union is in a kind of box, and new sanctions against Russia just illustrate its policy of “the four Ds”, which is divert, deflect, deceive and deny, financial commentator Mitchell Feierstein told RT.