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RALPH says that Citibank has been removed as a bank that will participate in the exchange process

Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: CHATTER from DINARIANS

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RALPH says that Citibank has been removed as a bank that will participate in the exchange process Empty RALPH says that Citibank has been removed as a bank that will participate in the exchange process

Post by Ponee on Sun May 08, 2016 11:34 pm



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.

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RALPH says that Citibank has been removed as a bank that will participate in the exchange process Empty Re: RALPH says that Citibank has been removed as a bank that will participate in the exchange process

Post by Kevind53 on Mon May 09, 2016 12:54 am

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?

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  RALPH says that Citibank has been removed as a bank that will participate in the exchange process 2805820865   RALPH says that Citibank has been removed as a bank that will participate in the exchange process 2805820865   RALPH says that Citibank has been removed as a bank that will participate in the exchange process 2805820865   RALPH says that Citibank has been removed as a bank that will participate in the exchange process 2805820865
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Post by Ponee on Mon May 09, 2016 10:38 am

Thanks for setting that straight Kevin!

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Post by ReapAndSow73 on Mon May 09, 2016 11:51 am

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!
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RALPH says that Citibank has been removed as a bank that will participate in the exchange process Empty Re: RALPH says that Citibank has been removed as a bank that will participate in the exchange process

Post by Kevind53 on Mon May 09, 2016 12:02 pm

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.

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  RALPH says that Citibank has been removed as a bank that will participate in the exchange process 2805820865   RALPH says that Citibank has been removed as a bank that will participate in the exchange process 2805820865   RALPH says that Citibank has been removed as a bank that will participate in the exchange process 2805820865   RALPH says that Citibank has been removed as a bank that will participate in the exchange process 2805820865
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Post by chevysteve on Mon May 09, 2016 4:33 pm

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!!!!!
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Post by power123 on Mon May 09, 2016 7:27 pm

This idiot full of BS…

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Post by aksafeone on Mon May 09, 2016 10:45 pm

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."
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