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...Category Archives: Banking industry
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.
Read more...Why Is PBS Airing Right-Wing-Sponsored School Privatization Propaganda?
PBS is promoting an attack on public schools. Quelle surprise!
Read more...Trump Administration Welshes on “Repeal Dodd Frank” Promise, Does Not Back Key Elements of House Bill; Seeks to Give Banks Lots of Other Goodies
Banks are champing at the bit to get Dodd Frank “reform,” when for many, the changes will actually increase their costs.
Read more...Nina Turner: Wall St. Democrats vs. Working Class Democrats
A wide-ranging discussion with Nina Turner from the People’s Summit in Chicago.
Read more...Trump, Republicans Make Bogus Case for Bank Deregulation as Senate Certain to Curtail House Dodd Frank “Reform”
Trump and the Republicans are moving forward with deregulation plans that serve big bank bottom lines, not the broader economy.
Read more...Business Chafes at Uncertainty Created by Unfilled Seats on Regulatory Commissions
Failure to fill chairs at regulatory commissions is stymieing their activities, creating regulatory uncertainty and vexing business.
Read more...Don Quijones: Shock Waves Spread from Spain’s New Banking Crisis
Market consequences of latest banking crisis in Spain, triggered by the collapse of housing prices that caused plunge Banco Popular shares to plunge.
Read more...Why International Financial Crises?
Despite the high cost of financial crises, the world seems no closer to making needed reforms.
Read more...Michael Hudson: Are Students a Class?
Students as the new NINJA creditors, and the broader implications of the use of debt as an instrument of social control.
Read more...Wolf Richter: Dear Fed, It’s Not “Really Hard to Spot Bubbles”
Here are some visual aids to help the Fed spot the housing bubble.
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