Category Archives: Banking industry

The Extraordinary Generosity of Central Banks Towards Banks: Some Reflexions on Its Origin

Central banks provide even more gimmies to banks than you likely realized.

Eurobanks and London Firms Insist Very Bad Things Will Happened if Euro Derivatives Clearing Moves to Continent

anks and loser clearinghouses are complaining about a (long) planned derivatives relocation to Europe. But is this mainly special pleading?

The Fed’s Interest Rates Are Still Fueling Inflation Rather Than Dousing it, and People Getting Used to this Inflation

Contrary to popular opinion, Fed interest rate policy is still permissive, if not quite as permissive as before.

“Crypto Is a Fraud on the Public”: Financial Watchdog Explains Ties Between Crypto and the Banking Crisis

Dennis Kelleher of Better Markets explains why crypto is the last place anybody should be running to for safety.

How Trade Fragmentation Affects Bank Credit Supply

Engaging in more bilateral trade to bypass the dollar fragments the activities of major international banks and even affects locak players.

Financial Instability in 2022-2023: Causes, Risks, and Responses

Authorities acted promptly and decisively, and each crisis required a unique solution, especially the larger crises

4 US Banks Crash in 2 Months: Banking Crisis Explained by Economist Michael Hudson

US banks keep falling over but the Fed is curiously indifferent.

Is There Motive Behind the Fed Making Such a Mess of the US Bank Wobbles?

The Fed seems awfully indifferent to the (so far) low level bank crisis it has created.

Big Banks Must Become Globally Resolvable – or Significantly ‘Smaller’

Sadly, coming up with a way to resolve big international banks is a non-starter. The answer is very strict regulation. But that would be work.

Amex Customers – Above-Average-Income Consumers – Are Spending like Drunken Sailors, incl. on Travel & Restaurants

They’re the Big Spenders, they can move the needle. Millennials and Gen Z-ers are now the drivers of this growth.

Debt and the Collapse of Antiquity – Michael Hudson

Michael Hudson explains how Rome rejected debt forgiveness and nstituted a pro-creditor legal system, which our establishment defends today.

Banks Try to Make Security Customer-Friendly. Not a Good Mix.

Retail bank security ain’t all it’s cracked up to be.

Feds Bust $3.4 Billion Crypto Theft, Demonstrating Ability to Penetrate Supposed Secrecy

One of the big selling points of crypto, privacy, is rapidly disappearing.

Trouble in Multifamily CRE: Two Big Messes, and Investors Are on the Hook, Not Banks

Data about who holds CRE loans is incomplete, but more is owned by investors than the media generally acknowledges.