Category Archives: Banking industry

#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.

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.

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.

TSB’s IT Fiasco and Some Implications for Banks’ Legacy Systems

A hard look at the continuing IT disaster at UK bank TSB.

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.

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.

Bank Watch: Wells Fargo Fined $1 Billion

The OCC and CFPB imposed $1 billion in fines on Wells Fargo Friday, continuing the kind and gentle treatment of bank transgressions pioneered by the previous administration.

Disruptive Finance Huffing and Puffing Won’t Blow Big Bank Houses Down

Why newfangled finance will not have much impact on the banking industry.

Trade War or Not, China Risks a ‘Minsky Moment’

How China’s officials are trying to protect the county’s economic glass jaw.

The Hudson Report: The Economic Impact of Bipartisan Bank Deregulation

Michael Hudson debunks the talking points used to sell the just-passed bank deregulation bill.

Bank Enthusiasm for Blockchain Waning

Blockchain hype is finally meeting commercial realities.

Central Banks in the Age of Populism

Central banks are under more and more pressure to respond to public dissatisfaction with their stewardship. Is that such a bad thing?

How Well Does Financial Regulation Work?

Sadly, reactive regulations don’t have a great track record.

Senate Expands ‘Lobbyist Bill’ to Deregulate Real Estate

Why the plan to weaken regulation of commercial real estate lending isn’t such a hot idea.

Waiting for the Chinese Bear Stearns

Why the Chinese shadow banking system is a possible source of systemic risk: a outstanding worry that has not gotten any better.