After Failed UK IPO, Bank Software “Dog” Misys May Be Coming to the US!
Misys’s private equity owner Vista is trying for an overpriced exit. As the saying goes, “Little pigs get fed, big pigs get slaughtered.
Read more...Category Archives: Banking industry
Definition of Madness: Spain Needs Bigger Banks, Apparently
Spain’s pending bank mergers look like an exercise in hope over experience.
Read more...Bank of International Settlements Paper Confirms That High Levels of Household Debt Hurt Growth
We’ve written from time to time that not all debt is created equal. Prudent business borrowing enables companies to make investments and expand operations. And even though governments like the US that issue their own currency may nevertheless sell bonds, operationally they can simply create more dough to fund spending. The constraint on spending is […]
Read more...Gaius Pubilus: Obama and the Perez Election — Are the Democrats Trying to Fail?
After presiding over huge losses at all levels of government by the Democrats, Obama is determined to keep his dead hand on the party.
Read more...EU Dings Yet Another Brexit Fantasy: “Equivalence” Deal for the City
Yet another scheme, equivalence, by which the City hope to have its Brexit cake and eat it too, looks to be a non-starter.
Read more...India’s “Bold Experiment With Cash”: Debunking Myths
India radical demonetization policy: Is this a decisive action against the black economy or an ill-considered, damagingly arbitrary act?
Read more...Fourth Federal District Court Looks Likely to Uphold Fiduciary Rule
The Department of Labor is likely to delay implementation of the fiduciary rule beyond the original April 10 compliance deadline.
Read more...Ian Fraser: What the HBOS Fraud Tells Us About the State of British Banking
The £1 billion HBOS Reading fraud, my part in exposing it, and what it tells us about the state of British banking
Read more...Wolf Richter: “Seriously Delinquent” Auto Loans Surge
Auto loans are have been looking awfully bubbly….and the hangover has begun.
Read more...The CFPB’s Big Opponent, Jeb Hensarling, Rivals Trump in the “Make Stuff Up” Category
House Financial Services Committee chairman Jeb Hensarling takes his best shot at the CFPB and fails to land a single blow.
Read more...Trump’s and Hensarling’s Fact-Free Attack on Dodd Frank
Debunking Republican canards about Dodd Frank.
Read more...Bill Black: New York Times’ Andrew Ross Sorkin Tries to Make Hank Paulson a Hero
As part of reviewing Obama’s legacy, Bill Black eviscerates how Sorkin’s book tried to exhonorate Hank Paulson for his crisis performance.
Read more...Republicans Deploy CRA Authority to Roll Back Regulations
Republicans move to deploy authority provided by the 1996 Congressional Review Act to void regulations passed since June 2016.
Read more...Chinese Mortgages Tighten Fast
Chinese mortgages, which have been the driver of credit growth, are now hard to get. Is this just a short-term tightening?
Read more...Zero Interest Rates in EU: The Myth of the Poor German Saver
The ordinary German is much less well off than most foreigners would assume.
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