Wells Fargo at It Again, Stuck Over 800,000 Customers With Unnecessary Car Insurance
Scheming Wells Fargo just can’t stop itself.
Read more...Category Archives: Banking industry
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.
Read more...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.
Read more...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.
Read more...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.
Read more...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.
Read more...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.
Read more...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.
Read more...Visa Trying to Bribe Merchants to Stop Taking Cash
The latest chapter in the War on Cash.
Read more...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.
Read more...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’.
Read more...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.
Read more...Lee Camp: Enjoy the Trump Show While Wall Street Pillages the Country
Trump’s Wall Street allies are pleased that the press isn’t paying much attention to market froth and rising debt as he pushes deregulation.
Read more...The Chinese Debt Time Bomb
The latest debt data out of China adds to the expected end-game of a big reversal of fortunes.
Read more...Gaius Publius: An Investigation in Search of a Crime
How one element of the investigation into Trump is a nothingburger even if it pans out.
Read more...