Will TSB Ever Be Completely Fixed?
TSB’s IT meltdown has dissappeared from mainstream media headlines. But is that the end of the story?
Read more...Category Archives: Banking industry
Wolf Richter: Hilarity in NIRP Zone: Italian 2-Year Yield Still Near 0%, as New Government Proposes Haircut for Creditors and Alternate Currency, Markets on “Knife Edge”
The ECB’s Negative Interest Rate Policy has been the funniest monetary joke ever.
Read more...Payday Lending Rule Survives…For Now
Congress has failed to use Congressional Review Act procedures to scupper the payday lending rule. Pending CFPB and court challenges may still doom the measure.
Read more...What Do the Jersey Elections Have to Do With Britain?
Not only is the isle of Jersey facing increasing scrutiny for its status as a notorious tax haven, especially from the UK, but populist desire for reform is surging from within as elections approach.
Read more...Bill Black: Fair Seas and Following Wind John McCain
A missive from Bill Black to Senator McCain.
Read more...Cryptocurrencies’ Challenge to Central Banks
The risks of introducing a central bank digital currency are high while the efficiency gains do not seem large. A more efficient system can be achieved via innovation in current payment infrastructure.
Read more...Who’s Most Afraid of a Latin American Debt Crisis (Apart from Latin America)?
By Don Quijones, Spain, UK, & Mexico, editor at Wolf Street. Originally published at Wolf Street. Economic history appears to be rhyming once again in Latin America. Perennial credit-basket-case Argentina was one of the first countries to suffer a major currency crisis this century. Now, its government has asked the IMF for a brand-new bailout. […]
Read more...Can Canada’s Mutual Help Financial Organizations for Disenfranchised Blacks Serve as a Model for the Un and Underbanked in the US?
Are Canada’s mutual-assistance-based financial groups a guide for how minority and disadvantaged groups can escape the tax of overpriced bank services like check cashing?
Read more...Warren Buffett’s Mortgage Companies Engage in Alleged Discrimination Against Minority Borrowers, Violating Fair Housing Act
An investigative report suggests that Berkshire Hathaway’s mortgage lending operation discriminates against minority borrowers.
Read more...#TSBFail: MPs Barely Lay a Glove on CEO Pester, Who Discredits Himself All on His Own
Even with a mere wet-noodle lashing by MPs, TSB came off pretty badly in Parliament.
Read more...Michael Hudson: Bronze Age Redux – What the Ancients Can Teach Us About Debt
Michael Hudson explains why debt cancellation was central to the politics of ancient societies.
Read more...TSB Are Using Their Own Customers to Alpha Test Their New IT Platform
The mess at TSB is even worse that the press would have you believe.
Read more...TSB’s IT Fiasco and Some Implications for Banks’ Legacy Systems
A hard look at the continuing IT disaster at UK bank TSB.
Read more...TSB Train Wreck: Massive Bank IT Failure Going into Fifth Day; Customers Locked Out of Accounts, Getting Into Other People’s Accounts, Getting Bogus Data
An epic IT disaster at the UK’s TSB illustrates how fragile banking systems are.
Read more...Hoisted from E-Mail: Brexit, Security, and the UK’s Coming Poodledom
Adding to the tally of how the UK will come out a loser thanks to Brexit.
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