There is no disputing the fact that this is a critical development… Read More The NYT’s Trump Bombshell and What It Reveals About Private Banking in New York
Like the mortgage crisis never happened.… Read More UK Banks Double Down on High-Risk Mortgage Products to Prop Up Housing Market
The world is heading toward another epic financial fall, says Nomi Prins. The question is not if, but when. … Read More Will Central Bank Policies Set off Another Global Financial Crisis?
In no sense do any of the institutions of the Union represent the interests of the peoples whom they supposedly serve… Read More Brexit: Denial
Corporate mergers are bad news for the thousands of workers who lose their jobs. It’s a different story for the CEOs who can earn hundreds of millions of dollars from the deals.… Read More No More Payoffs for Layoffs
Chinese corporate defaults this year through April are 3.4 times the amount last year.… Read More Perhaps It’s Time to Start Worrying About Global Corporate Debt, Suggests Bank of England
The red zone problem today is not just counterparty risk or cross border risk – it’s also contagion risk… Read More The Federal Reserve Says Financial Risks Are “Moderate”; These Charts Don’t Agree
Critics are renewing attacks on the German giant’s investment banking division now that talks with Commerzbank have collapsed… Read More Deutsche Bank Has No ‘Plan B’
Instead of subprime mortgages being targeted this time around, what’s being stuffed into these bespoke products is corporate debt, which has exploded over the past decade… Read More Reuters Drops a Bombshell: The Big Short Doomsday Machine Is Back
Deutsche Bank is not some little German bank running amok. It’s designated a G-SIB or Global Systemically Important Bank. That means that it has the potential to spread systemic risk in the global financial system… Read More Deutsche Bank Merger Talk Ends — Now Comes the Pain
In little more than three years, Argentine President Mauricio Macri’s government has already signed two agreements with the International Monetary Fund. And recent developments suggest that the country’s long and troubled history with the Fund may be about to repeat itself… Read More The IMF Is Fueling an Argentine Crisis – Again
Until the public knows the truth about why the Fed bailed out the insolvent Citigroup – despite its mandate not to lend to an insolvent institution – and why it bailed out Morgan Stanley and Merrill Lynch, which were broker-dealers, not major commercial banks, there can be no confidence in the U.S. financial system.… Read More Is the Fed’s Dirtiest Bailout About to Come Under the Spotlight?