Social Democracy, the “Third Way,” and the Crisis of Europe, Part 3
A discussion of why the center-left failed to revive in Europe after the crisis. Some of the reasons apply to the US as well.
Read more...Category Archives: Banking industry
Appeals Court Ruling That CFPB’s Structure Is Unconstitutional: A Stealth Win?
A scary-sounding ruling leaves the CFPB largely unscathed, and in some key ways, ahead.
Read more...RBS Looted Small Business Customers, Deliberately Driving Thousands in Bankruptcy, While Under Government Ownership
How RBS destroyed thousands of small UK businesses for fun and profit.
Read more...Ham-Handed Theresa May “Hard Brexit” Stance Roils UK Pols, Not Just EU
Theresa May may have thrown a spanner in the Brexit works by pushing for a xenophobic “hard Brexit”. Accident or design?
Read more...Private Equity Double Standard: California’s John Chiang, Other State Officials Happily Ding Headline-Grabbing Wells But Look Other Way With PE
State officials like California Treasurer John Chiang eagerly sanction an easy target like Wells Fargo. But private equity? Fuddedaboudit.
Read more...Economic ‘Recovery’ Feels Weak Because the Great Recession Hasn’t Really Ended
We are not in a recovery and we’re not really in a traditional recession. People think of a business cycle, which is a boom followed by a recession and then automatic stabilizers revive the economy. But this time we can’t revive.
Read more...Calling All Wells Fargo Whistleblowers!
We have published extensive whistleblower reports and encourage former and current Wells Fargo who’ve witnessed sales abuses to contact us.
Read more...Don Quijones: Rescue of Italy’s Monte dei Paschi Gets ‘Dark’ & ‘Complicated’
As Monte dei Paschi flounders, details of past chicanery emerge, implicating Deutsche Bank, Normura, the Bank of Italy, and Maro Draghi.
Read more...Don Quijones: Stealth Bailout of 2 Franken-Banks Now Happening in Spain
Another bailout of two of Spain’s franken-banks: mostly state-owned Bankia and wholly state-owned Banco Mare Nostrum (BMN).
Read more...When Bank Boards Get Too Cozy, Expect Misconduct
Why regulators and investors need better measures of the connections between bank executives and their boards.
Read more...Stumpf is Still Faking It – Claims 75% Couldn’t Resist Wells Fargo Credit Cards
In a not-exactly-shocking development of the ongoing Wells Fargo account faking scandal (see our previous coverage here, here and here if you’re late to the party and need a quick catch-up) CEO John Stumpf, fighting a rear-guard action, is making outlandish claims about how, having begun the process of contacting customers who it has cause to […]
Read more...Wells Fargo CEO Stumpf Tries to Brazen Out Fraud as Congressmen Call Wells a “Criminal Enterprise,” Demand Breakup
Stumpf has another deservedly bad day in the Congressional hot seat.
Read more...Wells Fargo CEO Stumpf, Head of Community Bank Hit With Multi-Million in Clawbacks: Labor Department Opens
Wells Fargo’s board acts against CEO John Stumpf right before a House hearing. Is this to blunt the interrogation or to save his hide?
Read more...Why a Banking Crisis in China Seems Unavoidable
Another alarm about the danger that China’s rapid increase in private debt poses to its banks.
Read more...Oil And Gas Bankruptcies Set To Double This Year
Heavily indebted oil and gas companies have managed to hold off the day of reckoning, but analysts expect bankruptcies to spike.
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