Category Archives: Banking industry

Wolf Richter: How Banks Hurt the Real Economy – FDIC’s Hoenig to Senate

The FDIC’s Tom Hoenig takes up the thankless task of shellacking the latest self-serving whinge from Jamie Dimon.

Payday Lending and the CFPB: Another Pending Cordray Fail

CFPB director Richard Corday’s failure to push for a payday lending rule earlier means we’ll see no rule, for the indefinite future.

Bill Black: Subprime Auto Loan Defaults on the Rise

Black discusses subprime auto lending and the failure of federal banking regulators to regulate– a problem that didn’t originate w/ Trump.

Wells Fargo at It Again, Stuck Over 800,000 Customers With Unnecessary Car Insurance

Scheming Wells Fargo just can’t stop itself.

Wolf Richter: Markets, Regulators Ignore Ticking Time Bomb of Shadow Margin Loans

Shadow margin loans are a sign of speculative excess and complacency about risk.

Trilemmas and Financial Instability

Examining national policy tradeoffs in a world of perhaps too much in the way of free and easy international money movements.

How a Banking Union Has Created Deep Divisions that Undermine the Eurozone’s Stability

How the new European banking reforms have weakened stability and hurt some countries, particularly Italy, while helping German banks.

Bill Black: Jamie Dimon, You Make Us Embarrassed to be Americans

If Dimon really wants to know why growth is so slow his research should begin by looking in the mirror.

The Real Cause of the Italian Bank Bailouts and Euro Banking Troubles

How a banking union has created deep divisions that undermine the Eurozone’s stability.

Gerald Epstein: If Yellen is Out, What’s Next for the Fed?

Fed Chair Janet Yellen dodged a recent question about whether she’d accept a second term–although it’s unlikely Trump will re-appoint her.

Don Quijones: People Not Amused by EU Efforts to “De-Cash” their Lives

EU survey results show respondents overwhelmingly oppose proposals to impose an EU-wide cash ceiling that would throttle use of cash.

Visa Trying to Bribe Merchants to Stop Taking Cash

The latest chapter in the War on Cash.

Monetary Sovereigns, Monetary Subjects: Modern Money & The Criminal Legal System

On the connection between money, and in particular monetary sovereignity, and the criminal justice system.

Hallucinating Banks Believe They Are Technology Start-Ups

Banks are trying to make out like they are technology start-ups. But what’s their agenda? As usual, it is theirs, not their customers’.

Bill Black: The CFPB Arbitration Rule is Pro (Honest) Businesses

The CFPB takes a modest but important step to rein in fraud against consumers, which has banks hoppin’ mad.