Category Archives: Banking industry

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.

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.

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?

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.

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

Wolf Richter: “Seriously Delinquent” Auto Loans Surge

Auto loans are have been looking awfully bubbly….and the hangover has begun.

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.

Trump’s and Hensarling’s Fact-Free Attack on Dodd Frank

Debunking Republican canards about Dodd Frank.

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.

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.

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?

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.

Why Central Bankers Should Not Be Trusted With Money: Greek Exit Edition

An upcoming Greek bailout is leading to new discussion of the idea of a Grexit. And as before, some well-meaning ideas are wildly impractical.

China Banks in 2017: No Rebound in Sight, Rising Risks for Smaller Banks

Why there is no cause for cheer on the China banking front.

Don’t Side With Neoliberalism in Opposing Trump

If you side with neoliberalism in opposing Trump, you risk helping him win a second term in office.