Category Archives: Banking industry

Draghi Supports Bailout of Italy’s Banks

Draghi backs an Italian bank rescue, but that does not settle the issue.

Did the European Court of Justice Just Rescue Italy’s Banks? (Updated)

The European Court of Justice just issued a ruling that may allow Italy to rescue its banks without imposing bail-ins.

COBOL and Legacy Code as a Systemic Risk

More on why legacy code at major banks is a ticking time bomb.

Is Brexit Moment a Lehman Moment? Fear Factor in Financial Crises

Comparing the market reaction to Brexit with key events during the crisis.

How Finance Costs Too Much and Fails to Deliver

The costs of looting by the financial services industry are even more staggering than you probably imagined.

Will Italian Banks Tear Down Europe?

Will Italian banks be the detonator of a political and economic crisis?

Michael Hudson: William Goetzmann’s Money Changes Everything – A Travesty of Financial History Which Bank Lobbyists Will Applaud

Why William Goetzmann’s Money Changes Everything is unadulterated Austrian twattle.

Did the New York Times Really Need to Let Jamie Dimon Crow About the Measly Raise He Is Granting Employees?

Jamie Dimon throws JP Morgan workers some crumbs.

How Private Credit Rating Agencies Reinforce Global Economic Instability—and What We Can Do About It

A look at a fundamental point of failure in our financial system, rating agencies, and potential remedies.

Congress Exposes That DoJ Overruled Recommendation to Indict Money Launderer HSBC Over Too Big to Fail Worries

Why money-launderer HSBC got off so easy in 2012: it had lots of official help.

Regulator Warns Commercial Real Estate Bubble Is Biggest US Bank Risk

By the time regulators start warning of risk, as the OCC is now in commercial real estate, it’s often too late.

Deutsche Bank Chief Economist Joins SocGen Chairman in Trying to Foment Banking Crisis to Get Germany, Brussels to Blink

Why bank executives are stoking a banking crisis.

How MBA Programs Drive Inequality

How MBA programs reinforced the inequality-promoting neoliberal economic model.

The UK Vote to Leave European Union

A judicious, high level overview of the Brexit vote and its implications, the big one being that it moves Britain to the right.

Political and Financial Contagion from the Italian Banking Crisis: Italy’s Exit?

Eurocrat rigidity about half-baked, never-tested bail in rules could turn an Italian banking crisis into a full bore financial and political meltdown.