A case arguing that Wells Fargo fired and demoted employees who didn’t commit fraud to meet sales targets, does not deliver the goods.
Read more...By Lambert Strether of Corrente. Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. –Winston Churchill The old reprobate got that one right, didn’t he? This post will be absurdly short (for Naked Capitalism) and absurdly sweet (for Naked Capitalism). […]
Read more...Why private debt is so dangerous, and why that risk looms large, particularly in China.
Read more...It’s becoming even more obvious that Fed policy is focused on keeping the bubble inflated over real economy concerns.
Read more...As short seller David Einhorn says, “No matter how bad you think it is, it’s worse.” That’s proving true at Wells Fargo as former employees allege systematic whistleblower retaliation.
Read more...Wells Fargo CEO John Stumpf’s days are numbered, as they should be based on his inability even to fake contrition in Senate hearings.
Read more...It would be better if the latest Brexit news were a farce….
Read more...More concerned tea-leaf reading in the wake of a BIS report that sounded alarms about China’s debt growth.
Read more...The backlash has begun. Prominent economists are upping their game in trying to depict the gains of the One Percent as virtuous and beneficial.
Read more...The more the press digs into the the sordid details of the Wells Fargo fake account scandal, the more rancid the stench.
Read more...The Global Crisis has raised concerns over how far ‘lender of last resort’ policies by central banks should go. This column examines the history of the development of these policies throughout the world. Last resort lending is a locus of political power, and as such, its creation should be viewed as the outcome of a political bargain. It is therefore not surprising that countries differed in their propensity to create such policies, and in the powers with which they chose to endow them.
Read more...Deutsche has launched a media war against the DoJ.
Read more...The Obama Administration is trying to wrap up long-overdue mortgage-related cases, with Deutsche and possibly then other foreign banks.
Read more...Sanctimonious Wells Fargo may finally be getting its comeuppance.
Read more...What might Brexit-induced losses to the City cost the UK economy?
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