Category Archives: Banking industry

Italy Holds A Mirror to a Broken Europe

The election of a right-wing, populist government in Italy exposes the economic and democratic shortcomings of the European project and its nationalist rivals.

Don Quijones: Consumers Stubbornly Cling to Cash, after Multiple IT Fiascos & Payment Systems Outages

More consumer pushback in the war on cash: An industry dogged by non-believers who fret about privacy and fraud.

Bill Black: Democrats Should Reject Bernanke’s ‘Wily E. Coyote’ Criticism of Trump’s Deficits

Bernanke engages in a new episode of ideologically motivated economic prognostication.

The Battle for Money Has Begun

Why the current fights over money, banking, and Modern Monetary Theory look like new ways to achieve bad neoliberal ends.

OCC Covering Up for Wells Fargo Type Abuses at Other Banks

The OCC found lots of bad bank conduct in retail-land, but refuses to say anything about who is cheating and what they are up to.

A Hard Look at the Mini-BOT, the Parallel Currency Idea of Italy’s New Ruling Coalition

The mini-BOT has only been sketched out at a high level. How might it work and more important, would it succeed as a parallel currency?

Italy’s New Prime Minister Conte Says Euro Exit Off the Table, But Mr. Market Pouts About Spending Talk

Italy’s new government makes some opening moves.

Richard Murphy: Why the Swiss Referendum Proposal of Giving the Central Bank Complete Credit Control is Dangerous Folly

Correcting some misunderstanding about proposed monetary reforms that are the subject of a referendum this weekend.

Wolf Richter: Deutsche Bank CoCo Bonds Plunge, Shares Hit Record Low, after US Entity Makes FDIC’s “Problem Bank List”

Double whammy regularity revelations wallop Deutsche bonds and shares, raising the old question: When will she buckle?

NIRP’s Revenge: Italian Bonds Plunge, Worst Day in Decades

Markets wail and gnash their teeth as normalization of Italian yields sets in.

Italy’s Political Crisis….How Ugly Might It Get?

Identifying issues that may influence how Italy’s political crisis over the rejection of a Lega Nord-5 Star economy minister plays out.

Don Quijones: Which Banks Are Most Exposed to Italy’s Sovereign Debt? (Other than the Horribly Exposed Italian Banks)

“Doom loop” begins to exact its pound of flesh.

The Carbon Bubble and the Pricing of Bank Loans

Neglecting the possibility that fossil fuel reserves can become ‘stranded’ could result in a ‘carbon bubble’ as fossil fuel firms become overvalued.

Will TSB Ever Be Completely Fixed?

TSB’s IT meltdown has dissappeared from mainstream media headlines. But is that the end of the story?

Wolf Richter: Hilarity in NIRP Zone: Italian 2-Year Yield Still Near 0%, as New Government Proposes Haircut for Creditors and Alternate Currency, Markets on “Knife Edge”

The ECB’s Negative Interest Rate Policy has been the funniest monetary joke ever.