Category Archives: Banking industry

Ilargi: Negative Interest Rates – Rogoff Cribs from Orwell and Kafka

The war on cash, to enable central banks to implement negative interest rates on ordinary citizens, continues.

Fiduciary Rule: Helps Not Hurts Wall Street, So Full Rescission Unlikely

WSJ says fiduciary rule helps Wall Street, so rescission unlikely. But still may be better for retail investors than previous status quo.

Crisis Revisionist History: Redating of Onset to Make Behind the Curve Central Bankers Look Better

It would be nice if people who made pronouncements about the financial crisis knew what they were talking about.

Trump as “Consequence, Not Cause” of the Collapse in the Post Cold War Consensus

How press and pundit fixation on Trump diverts public attention from power structures that work against ordinary Americans.

Quelle Surprise! Financial Firm Fines Are Way Down Under Trump

The latest sighting on how financial firms are getting off easy, yet have the bad taste to complain about their paltry punishments.

Let’s Face It: Monetary Policy Is Failing

Why one of the core precepts of monetary economics is all wet, yet central bankers rely on it even when it keeps failing in practice.

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.