Category Archives: Banking industry

A New Third World Debt Crisis? The Need for System Change

Emerging economies look to be on the verge of a whole lotta debt hurt. Why does this happen to them so often?

Mammoth RICO Lawsuit Targets Credit Suisse, Many of its Directors and Execs, and KPMG for Over a Decade of Fraudulent, Reckless Conduct

Credit Suisse, or more accurately, buyer UBS, some execs/board members, and KPMG are targets in a monster RICO suit.

Bill Black and Michael Hudson on Corruption in Finance

A deep dive into why big money players have become critical to big corruption.

Michael Hudson at Global University, Hong Kong, on Ukraine, Europe, China, and the Dollar’s Future

Michael Hudson gives a globe-spanning look at recent economic and geopolitical events.

How This Regional Bank Mortgage Lender Crisis is Different

Every bank crisis has its own overarching narrative and streams of sub-narratives that course through the marketplace day to day.

Wall Street Journal Aids Vulture Investors Threatening Second Mortgage Borrowers With Foreclosure….on (Nearly Always) Legally Unenforceable Debt

Mortgage predation is baaack! And the Wall Street Journal aids and abets it by choosing not to undertand the issues.

Four-Fifths of Board Members at America’s Top Six Banks are Climate Conflicted

High level links between polluting sectors and bank directors could be acting as a block to climate action, campaigners warn.

Central Banks: Uncertainty Is the Problem, Not Managing the Trilemma

Regain price stability is difficult but doable; the bigger problem facing central banks is economic uncertainty

The Extraordinary Generosity of Central Banks Towards Banks: Some Reflexions on Its Origin

Central banks provide even more gimmies to banks than you likely realized.

Eurobanks and London Firms Insist Very Bad Things Will Happened if Euro Derivatives Clearing Moves to Continent

anks and loser clearinghouses are complaining about a (long) planned derivatives relocation to Europe. But is this mainly special pleading?

The Fed’s Interest Rates Are Still Fueling Inflation Rather Than Dousing it, and People Getting Used to this Inflation

Contrary to popular opinion, Fed interest rate policy is still permissive, if not quite as permissive as before.

“Crypto Is a Fraud on the Public”: Financial Watchdog Explains Ties Between Crypto and the Banking Crisis

Dennis Kelleher of Better Markets explains why crypto is the last place anybody should be running to for safety.

How Trade Fragmentation Affects Bank Credit Supply

Engaging in more bilateral trade to bypass the dollar fragments the activities of major international banks and even affects locak players.

Financial Instability in 2022-2023: Causes, Risks, and Responses

Authorities acted promptly and decisively, and each crisis required a unique solution, especially the larger crises

4 US Banks Crash in 2 Months: Banking Crisis Explained by Economist Michael Hudson

US banks keep falling over but the Fed is curiously indifferent.