RALPH says that Citibank has been removed as a bank that will participate in the exchange process
Page 1 of 1 • Share
RALPH says that Citibank has been removed as a bank that will participate in the exchange process
RALPH
About ten minutes ago I received the following information from one (1) of my three (3) sources. I can not verify the validity of this information, but nonetheless, here it is.
Source said the reason this has taken so long to roll-out in this country is because the wait has been on Citibank to finish all requirements to become Basel compliant, but to no avail to date.
As a result, Citibank has been removed as a bank that will participate in the exchange process. Source indicated that corrective action has been taken so the process can proceed in an orderly fashion and that our roll-out is to commence soon.
Ponee- Admin
- Posts : 35406
Join date : 2011-08-09
Re: RALPH says that Citibank has been removed as a bank that will participate in the exchange process
BASEL compliance is not and never has been a mandatory standard. Here in the US, the Federal Reserve has elected to apply a stricter standard to larger federally charted banks, a less strict standard to smaller ones, and an optional standard to state chartered banks.
To speak specifically to Citibank, they have been comfortably meeting their compliance requirements since 2013. In fact their rating is higher than Wells Fargo's. What say you Ralph?
To speak specifically to Citibank, they have been comfortably meeting their compliance requirements since 2013. In fact their rating is higher than Wells Fargo's. What say you Ralph?
*****************
Trust but Verify --- R Reagan

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18




Kevind53- Super Moderator
- Posts : 27215
Join date : 2011-08-09
Age : 20
Location : Umm right here!
Re: RALPH says that Citibank has been removed as a bank that will participate in the exchange process
Thanks for setting that straight Kevin!
Ponee- Admin
- Posts : 35406
Join date : 2011-08-09
Re: RALPH says that Citibank has been removed as a bank that will participate in the exchange process
Basel3 is not required until 2019 (full compliance)...this citibank crap was also mentioned in 2013, when they were swapped out by WF as some main exchange bank...these people are a riot!
ReapAndSow73- GURU HUNTER
- Posts : 1898
Join date : 2015-08-13
Re: RALPH says that Citibank has been removed as a bank that will participate in the exchange process
The main thing to remember is the BASEL regulations are not mandatory. They are a recommended set of standards that countries MAY or MAY NOT adopt, in whole or in part. In the case of the US, we have chosen to enforce a stricter standard for large banks, and a slightly more lax requirement for smaller banks, mostly a longer time frame. The regulations also only apply to Federally chartered banks. If memory serves me, I believe the larger banks like Citi and WF are subject now, while it is the smaller banks that have until 2019 to come to full compliance. It's been a while since I have looked at the info though so I could be a little off there.
In this case we do know that Citi has been complaint for at least 3 years, and passed their last "stress test" with flying colors.
In this case we do know that Citi has been complaint for at least 3 years, and passed their last "stress test" with flying colors.
*****************
Trust but Verify --- R Reagan

"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18




Kevind53- Super Moderator
- Posts : 27215
Join date : 2011-08-09
Age : 20
Location : Umm right here!
Re: RALPH says that Citibank has been removed as a bank that will participate in the exchange process
Well, This idiot is right about part of this. Citibank won't be doing the RV exchange.........along with WF, HSBC and any other bank you can possibly think of!!!!
CAUSE IT AIN'T HAPPENING!!!!!
CAUSE IT AIN'T HAPPENING!!!!!
chevysteve- Elite Member
- Posts : 1007
Join date : 2011-12-01
Age : 59
Location : GULF COAST USA
Re: RALPH says that Citibank has been removed as a bank that will participate in the exchange process
This idiot full of BS…
power123- VIP Member
- Posts : 424
Join date : 2016-01-18
Re: RALPH says that Citibank has been removed as a bank that will participate in the exchange process
Ralph? As in Ralph Cramden? The sewer maintenance dude? Hey Ralphie, ya need to go back down there and stay. What you put out is mostly what s found down where you work. It also is a pack of lies. as no one has even disclosed how this would go down let alone which banks if any would or would not be participating. It is understood that some of them have called the dinar a scam from day one - it would now appear that the dinar IS basically a scam and always has been. NO? The trot out the RV and let's get r done.
Ralph, take it from us, you need to get out of Dadge as the law is coming after you and then it will be "Here come the Judge."
Ralph, take it from us, you need to get out of Dadge as the law is coming after you and then it will be "Here come the Judge."
aksafeone- Super Moderator
- Posts : 4074
Join date : 2011-07-06
Age : 73
Location : Arctic
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
» Learn about Parliament's vision of institutionalizing and fighting corruption
» The House of Representatives begins the new legislative session next Saturday
» Saleh and the US special envoy to Syria discuss international support to enhance the security and stability of Iraq
» Minister of Finance reveals the "in-depth" talks between Erbil and Baghdad next week on the oil of the region
» Briefing to the Security Council by Jeanine Hennis-Plasschaert 3 December 2019
» The Ambassador of the Republic of Iraq to Moscow meets with the President of the Russian-Iraqi Business Council and the Executive Director of the Council
» The Minister of Planning calls on British companies to support and develop the private sector
» The Minister of Planning chairs the meeting of the Supreme Steering Committee of the Women's Economic Empowerment Project
» Agriculture announces the marketing of more than 5000 tons of straw in Babylon
» Industry spends saved salaries for ministry employees in liberated areas
» Samarra Pharmaceuticals implements its production program for the current month at a cost of 3.3 billion dinars
» The stability of the dollar exchange rate in local markets
» Rafidain announced its readiness to finance investment companies and investors to build residential compounds
» Ninewa Investment Forum
» MarkZ: "Trump is the first president who actively claims he supports the reset" 12/4/19
» Bruce’s Big Call Intel Tuesday Night 12/3/19
» Jeff says Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar.
» MarkZ says - I really think we will see this before Christmas...
» Mnt Goat says - You all should be VERY, VERY HAPPY at these current events and how this can lead to us finally getting our pot of gold at the end of the rainbow.
» Breitling says -- If you look at it in chronological order of what we've been watching, it's such a beautiful thing! You should be very very happy.
» chattels says - I am always most hopeful in the first quarter of the year, but...The Iraqi political regime is "on life support",
» Legal expert: The Security Council has the right to refer the file of corruption in Iraq to the Criminal Court
» US Deputy Secretary of State for Near Eastern Affairs: Sanctions for repressing Iraqis and looting their money
» SleekRose says - MarkZ, TNT, nor Bruce have any idea of what the truth is regarding this "Alleged" currency revaluation.
» TNT mini update --- Don't be discouraged. This should be done by January 1st
» VIDEO - You're Not Going to Be an Iraqi Dinar Millionaire and this is why..... Check out this video
» What comes after Iraqi PM's resignation?
» Saleh meets with ambassadors of three countries and discuss with them the strengthening of security and reforms in Iraq
» Economist: Popular movement to promote local industry is a step towards market economy
» Masrour Barzani: We are ready to continue our positive role for a stable Iraq
» The Ambassador of the Republic of Iraq to Brussels receives a delegation from the European Investment Bank
» The Legal Committee discusses the Independent High Electoral Commission Act
» Services and Reconstruction Committee discusses the project of suspension train in Baghdad
» Re-leave the generosity of friends
» Minister of Planning discusses with Canadian Ambassador ways of enhancing joint cooperation
» Tender No. (2019/3) Supplying Central Conservation Units and CDs
» Iraq plans to import 750 thousand tons of wheat next year
» Agriculture prevents import of potato crop
» Abdul Mahdi is visiting China and these are the most prominent files
» Rage: OPEC favors a bigger cut
» Electricity: $ 1.4 billion to complete a plan for the transmission and distribution of energy
» Stock Exchange: marginal decline in the fourth session
» 7 banks won the membership of the Board of Directors of the Iraqi company to guarantee deposits
» UN Security Council Plasschart: Killings of peaceful demonstrators cannot be justified
» Salam al-Shammari: Alliance / Siron / will not vote on the next prime minister without the consent of peaceful demonstrators
» The High Commission for Human Rights records the participation of persons with disabilities in demonstrations demanding legitimate rights
» The Central Bank sells more than $ 200 million in the currency auction
» The Ministry of Agriculture discusses with the delegation of the Dutch organization (ZOA) joint cooperation to support the peasant and farmers segment
» Sireon affirms its commitment to the directives of Mr. Sadr and consider the people as the largest bloc in presenting the candidate of the prime minister