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...Category Archives: Banking industry
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...A Tangled Tale of Bank Liquidation in Venice
What can we learn about the Italian banking sector from the decision to liquidate Veneto Banca and Banca Popolare di Vicenza?
Read more...Bill Black: Bank Whistleblowers United Makes Its Latest Lemon Award – to the UK
The UK rejects the idea of rewarding whistleblowers, despite the fact that the US experience shows it to be a sound way to catch abuses.
Read more...BIS Warns on Household Debt
Credit booms tend to go hand in hand with a misallocation of resources – most notably towards the construction sector – and a slowdown in productivity growth, with long-lasting adverse effects on the real economy.
Read more...Wolf Richter: Two Italian Zombie Banks Toppled Friday Night
It’s getting harder to ignore the stench coming from the Italian banking system.
Read more...Can EU Actors Keep Using Common Law After Brexit?
The widespread use of English law in financial contracts poses yet another set of tricky post-Brexit issues.
Read more...Waiting for Godot or Does Anyone Really Know What Is Going on with Eurozone Banks?
An update on the Eurozone banking mess.
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