Chase information center employees admit ‘orders from the top’ were issued to limit finances for reasons that even they do not know
Following the documented reports that Chase bank had been limiting overall cash withdraws from various accounts and freezing wire transfers, I decided to get to the bottom of the issue and call the nationwide Chase information line. What I found is that not only did every business account owner receive a document detailing strange measures to limit their overall account usage to a $50,000 maximum and the complete restriction of wire transfers, but that even the Chase employees themselves had no idea why the measures had been instituted.
Instead, they simply told me that the orders ‘came from the top’ and that not even the highest level managers at the information center knew why they had been instituted. But what’s more, I was also told that these ‘regulations’ may also hit other banks around the country. When speaking to the supervising manager on the account caps and transfer restrictions, I was told that the entire thing could be the result of ‘regulation’, which may have actually stemmed from government higher ups. …
Chase Bank has moved to limit cash withdrawals while banning business customers from sending international wire transfers from November 17 onwards, prompting speculation that the bank is preparing for a looming financial crisis in the United States by imposing capital controls….