Category Archives: Banking industry

Why Italy’s Banking Crisis is Spiraling Out of Control

Even by the standards of European kick-the-can-down-the-road exercises, measures to stave of an Italian banking crisis are really slapdash.

Yes, We’re Sorry About the PayPal

Why Naked Capitalism is, through gritted teeth, left with no realistic alternative than to take donations through the dreadful PayPal

How Wells Fargo Exemplifies the Drivers of Big Corporate Fraud

The Wells Fargo fake account scandal illustrates why corporate executives conveniently ignore or even engage in fraud.

Naked Capitalism: Getting Through the Stupids to the Important

How Naked Capitalism is the antidote to media short-termism that otherwise allows powerful interests to control information flows.

CFPB Looks Here to Stay: What Does the Future Hold?

A decision by the D.C. Circuit Court of Appeals overturning the CFPB director structure allows the agency to pursue its ongoing policy and enforcement agenda. With separate new regulations on payday lending and mandatory arbitration expected soon, will consumers finally get the more effective financial product regulation we deserve?

Almost Nobody Is Satisfied With Wells Fargo CEO John Stumpf’s Overdue Departure

While John Stumpf has finally departed Wells Fargo, the bank hasn’t made moves consistent with serious change.

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.

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.

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.

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?

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.

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.

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.

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.

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).