Category Archives: Banking industry

Coronavirus Means Zero Hour for the European Union

Germany’s long-standing practice of muscling the European Union to serve its own ends now risks dissolution and a banking system crisis.

The Fed Backfires: Shock and Awe Rate Drop to 0%, Emergency Bond Buying Program Leads to Limit Down Drops in US Equity Futures as Real World Coronavirus Damage Worsens

The Fed just told everyone to assume the brace position.

Why You Should Stop Using or Cancel Your Citi Mastercard: Systematic Violation of Cardmember Chargeback Rights, Insistence on Using Fraud-Friendly Voiceprints

Citi is doing a number on its own and the Mastercard brand name with cringe-makingly inept and dishonest credit card operations.

MMT is a Political Problem: Part 1

How should MMT proponents advance their views?

Banks and Landlords Have To Pick Up the Costs of the Pandemic To Come to Forestall a Depression

Why banks and landlords (and the health care industry) need to pay their share of coronavirus costs.

Coronavirus: Bracing for the Economic Shockwave

The coronavirus spread is setting up a nasty real economy-financial system contraction.

Wolf Richter: Subprime Credit Card Delinquencies Spike to Record High, Past Financial-Crisis Peak, as Other Consumers Relish the Good Times. Why?

The concern is not for banks or investors in subprime-credit-card backed securities. But what does this bifurcation tell us about consumers?

HSBC Announces Mass Job Cuts, Huge Write-Down, Asset Sales, Halt of Share Buybacks. Warns of Coronavirus Impact on Credit Losses & Revenues in China & Hong Kong

Once storied, now sprawling TBTF HSBC has started a big retrenchment in the face of mounting business woes. Is it the canary in the coal mine?

Climate Risks to European Banks: A New Era of Stress Tests

Several European central banks have begun assessing the impact of adverse climate scenarios on banks’ capital. Comparable work at EU or euro area level has evolved more slowly. Supervisors need build up a distinct and more complex type of analysis, and should engage with banks now.

Foreign Exchange Swaps: Hidden Debt, Lurking Vulnerability

How hidden foreign exchange swaps contribute to financial fragility.

Subprime Auto Loans Explode, “Serious Delinquencies” Spike to Record. But There’s No Jobs Crisis, These Are the Good Times

Nearly a quarter of all subprime auto loans are 90+ days delinquent. Why?

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Category Archives: Banking industry

Coronavirus Means Zero Hour for the European Union

The Fed Backfires: Shock and Awe Rate Drop to 0%, Emergency Bond Buying Program Leads to Limit Down Drops in US Equity Futures as Real World Coronavirus Damage Worsens

Why You Should Stop Using or Cancel Your Citi Mastercard: Systematic Violation of Cardmember Chargeback Rights, Insistence on Using Fraud-Friendly Voiceprints

MMT is a Political Problem: Part 1

Banks and Landlords Have To Pick Up the Costs of the Pandemic To Come to Forestall a Depression

Coronavirus: Bracing for the Economic Shockwave

Wolf Richter: Subprime Credit Card Delinquencies Spike to Record High, Past Financial-Crisis Peak, as Other Consumers Relish the Good Times. Why?

HSBC Announces Mass Job Cuts, Huge Write-Down, Asset Sales, Halt of Share Buybacks. Warns of Coronavirus Impact on Credit Losses & Revenues in China & Hong Kong

Climate Risks to European Banks: A New Era of Stress Tests

Foreign Exchange Swaps: Hidden Debt, Lurking Vulnerability

Subprime Auto Loans Explode, “Serious Delinquencies” Spike to Record. But There’s No Jobs Crisis, These Are the Good Times

Iraq Is on the Brink of an Energy Crisis

WSJ Reports: State AGs to Cooperate with Feds to Take on Google?

Another Great Depression or Tax Justice and Transparency? The Tax Justice Network January 2020 Podcast

War on Cash: New York City Businesses Must Accept Cash, City Council Decides

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