Category Archives: Banking industry

TSB: Why Are So Few Customers Leaving a Bank that Trampled on Them?

Despite months of IT mayhem and all kinds of problems, customers cling to TSB Bank in the UK.

White-Collar Criminals Got Off Scot-Free After the 2008 Financial Crisis — and That Helped Fuel President Trump’s Rise

Ten years later, Trump’s rise to power is a consequence of poor governance.

Brexit: EU Takes Hard-Nosed Stance on Financial Services “Equivalence” Deals

Is the EU playing iron fist in velvet glove on the UK’s Brexit pitch for a financial services equivalence deal?

Yanis Varoufakis: Greece Was Never Bailed Out and Remains in Debtor’s Prison – Bild Zeitung Interview

Yanis Varoufakis revisits the Greece 2015 debt negotiations and describes how Greece still wears the austerity yoke.

Could Turkey Trigger the Next Global Financial Crisis?

Why the currency crisis in Turkey is a due in part to the failure to take adequate corrective measures after the global financial crisis.

What Should the EU Do About the Turkish Currency Crisis?

The Turkish lira has been under significant pressure in recent weeks. What is the EU’s exposure to possible crisis in Turkey and how should the EU react?

Richard Murphy: “First, Let’s Kill All the Accountants” – On Accounting’s Systemic Failure

Why taking accounting for granted is a really bad idea.

ECB Fears Contagion from Turkish Lira Collapse, Bank Stocks Plunge

The Turkish lira’s swan dive is causing all sorts of collateral damage.

Michael Hudson: Life and Thought – An Autobiography

Michael Hudson discusses his life as a young Communist intellectual, how he became interested in economics and finance, his life in academia, and his recent work on rentier capitalism and debt jubilees.

Bill Black: Pre-Crisis “4506-T Studies” Showed Massive Fraud in Liar’s Loans; Fed Ignored Warning, DoJ Refused to Target Implicated Banksters

Yet another proof that the authorities were given evidence of widespread mortgage fraud before the crisis and chose to do nothing about it.

The Michael Hudson Report: The “Next” Financial Crisis and Public Banking as the Response

Michael Hudson explains how we’re still in the crisis that started in 2007-2008.

The Explicable Mystery of the National Debt

Why US Treasury bond issuance and Federal deficits are functionally not debt at all.

Bill Black: Mankiw Whiffs on “Learning the Right Lessons from the Financial Crisis”

Bill Black debunks a book that tries to relitigate the crisis by denying that Lehman was insolvent.

China Pumps $74B Into Banks Amid Credit Crisis

China throws some money at banks to offset the effects of its deleveraging initiative.

10 Down-to-Earth Things Powell Said about Cryptocurrencies

The Fed is perfectly content to have cryptocurrencies be the SEC’s problem.