Category Archives: Banking industry

The Biggest Problem in the War on Cash

Banks and retailers are running into strong political opposition to restricting the use of cash.

The Media Endlessly Talks About Interest Rates—Are They Even an Effective Economic Tool at This Point?

Interest rates are a poor substitute for fiscal spending and as we’ve seen, over-reliance on monetary policy produces speculative booms and busts. More and more people recognize this formula isn’t working, but what will it take to change course?

The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: Mixed Economies Today, Compared To Those Of Antiquity (Part 2)

How mixed economies have mixed it up over time.

World Bank Financializing Development

Why having public sector development funds “leverage” private capital is a bad idea.

The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson About His Forthcoming Book The Collapse of Antiquity (Part 1)

Michael Hudson describes how, in antiquity in Greece and Rome, emerging oligarchs ended the practice of debt jubilees, impoverishing laborers.

Fed Official: Climate Change is an ‘International Market Failure’

A report from the U.S. central bank cautions that rising temperatures and extreme storms could eventually trigger a financial collapse.

Bank Regulation Can’t Be Heads Banks Win, Tails Taxpayers Lose

At a G20 preparatory meeting, an INET panel analyzed how governments can prevent banks from exploiting taxpayer-funded bailout guarantees. The panelists didn’t mince words.

Brexit: Chaos Continues as Parliament Votes Down All Brexit Options, Press Focuses on May Rather than April

The Brexit noise to signal ratio continues to be very high.

FIS and Worldpay’s Merger – Why Its “Bank in a Box” Tech Fantasy Will Go Nowhere

FIS and Worldpay are merging, hyping that they’ll be a bank in a box. Clive looks under the hood and doen’t like what he sees.

Shotgun Marriage: Deutsche Bank and Commerzbank Discuss Merger

Even by the low standards of necessity-driven bank mergers, the proposed tie up of Deutsche Bank and Commerzbank looks particularly dodgy.

TD Bank: America’s Most Inconvenient Bank

Why you should not bank at TD Bank.

India Bans Plastics Waste Imports, While Fossil Fuel Plastics Pushers in US and China Ramp Up to Party On

Kudos to India for banning plastics waste imports, to focus on solving its own waste management problem. Meanwhile, fossil fuel interests ramp up plans to produce more plastics.

Deregulating Banks Fueled Speculation, Not Productive Investment

More proof that letting banks have their way is not such a good idea…at least for non-financiers.