Category Archives: Banking industry

The Two Sides of Government Guarantees for Banks

Not all guarantees are created equal, and what that means for banks.

Marshall Auerback: We Are Clearly Living in a Bizarro Capitalism Era—And It’s Time to Change How the World Manages Economies

Central banks don’t have the tools to address our problems. It will take well-constructed fiscal policy to set right our topsy-turvy economy.

How Richard Vague Discovered Gravity: An Interview + Book Review of A Brief History of Doom: Two Hundred Years of Financial Crises

Richard Vague extends his work on the dangers of private debt via his new book, A Brief History of Doom, on the role of debt in financial crises.

Bretton Woods Institutions: Enforcers, Not Saviours?

The two Bretton Woods institutions the have huge credibility deficits due to the policy conditionalities and advice they have dispensed to developing countries in recent decades.

Michael Hudson: Why Frances Coppola’s “The Case for the People’s Quantitative Easing” Is for Banks, Not the People

A dubious proposal to continue over-reliance on monetary policy, this time with a quantitative easing scheme, instead of fiscal spending.

Signs of Recession Are Hitting Europe—And Its New Central Bank President May Not Be Up for the Challenge

Europe, or more specifically the Eurozone, has a deficient bank regulatory framework which may be tested by economic weakness and wobbly banks. Having Christine Lagarde at the ECB’s helm is not likely to be a plus.

Libra – Freedom for Whom, from What?

What is Libra supposed to bring to us that we don’t have already? Freedom from legacy currencies will have a high price to pay.

Syriza, R.I.P.

The rule of the “radical left” Greek party Syriza came to an end earlier this month after it had abandoned its promise of reform.

Banks Again Hoist on Their Cost-Cutting Petard: Burgeoning Credit Card Fraud

Credit card companies are paying for their stinginess via being exposed to rapidly rising levels of fraud.

Michael Hudson: De-Dollarizing the American Financial Empire

Michael Hudson on how the US was able to turn its change from creditor to debtor to its advantage.

PG&E Neglected Maintenance for Years Despite Known Fire Risk; Judge Demands Prompt and Clear Answers to WSJ Expose

A Wall Street Journal expose of PG&E’s willful failure to maintain its transmission lines, directly tied to California’s most lethal fire, led a judge to demand answers.

Mr. Market and the Press Diss Deutsche Bank’s Turnaround Plan

A hard look at Deutsche’s restructuring plan reveals a lot not to like

Deutsche Bank Throws in the Towel, Announces Restructuring into Bad Bank/Good Bank, Firing of 18,000

The beginning of an end for Deutsche Bank.