Category Archives: Banking industry

Brexit: Blame It on the Banking Crisis

The parts of the UK hit hard by post-crisis austerity had a strong tendency to vote for Brexit.

Kamala Harris Tells Big Lie: That 2012 Mortgage Settlement Was a Good Deal for Homeowners

Kamala Harris’ supposed big accomplishment, of getting California a better deal in the 2012 mortgage settlement, isn’t anything to boast about.

Wolf Richter: Markets Are in a Tizzy. So What Will the Fed Do?

What will the Fed do next, now that investors have finally started to react to its tightening of monetary policy, after years of somnolent money-making?

How the International Monetary Fund Imposes Its Economic Policies on Argentina

The IMF has a long history of strong-arming the direction of Argentina’s policies and economy.

Michael Hudson: The Vocabulary of Economic Deception

Michael Hudson gives a wide-ranging interview, discussing the importance of euphemism in obscuring power relationships and exploitation.

The UK’s Reform of Limited Partnership Law: Dead on Arrival (I)

Scottish Limited Partnerships and International Crime: NO evidence??

War on Cash: State and City Governments Push Back

State and local governments are pushing back against cashless businesses, which exclude those who prefer to use or must pay with cash.

Trump Models His War on Bank Regulators on Bill Clinton and W’s Disastrous Wars

Why “partner” is the last word you want to hear from the mouth of a bank regulator.

Wolf Richter: “Severe Collapse” of Home Prices Might Trigger a “Financial-Institution Crisis” in Australia: OECD Frets about the Banks

Australia looks to be on the verge of a nasty unwind of its housing bubble. A plunge would damage not only its banks but also retirement funds, since banks play an outsized role in the Australian stock market.

Brexit: Tories Launch No Confidence Vote Against May

May looks to be hoist on her Brexit petard.

Bill Black: Who Said This? A Bank Fraud Quiz

Testing your knowledge of which top Federal officials have been tough and lax on bank fraud.

U.S. Treasury Sanctions Bitcoin Wallets For First Time

The long arm of US law reaches into bitcoin wallets.

Global Uncertainty Is Rising, and That is a Bad Omen for Growth

The World Uncertainty Index reveals how uncertainty in the world has evolved over time, whether it is synchronised across countries, and how it compares across income groups and political regimes.

The Global Financial Crime Wave Is No Accident

Financial crime is a feature of our global financial system not a bug, pioneering economist Susan Strange recognized.