Michael Hudson: how finance capitalism leads to debt servitude
This is an edited transcript of a phone interview with Michael Hudson by Dimitris Yannopoulos for Athens News. It summarizes some […]
banks
Robert Jenkins: Puncturing the bankers’ myths
Robert Jenkins has blown apart the self-serving myths peddled by banks and their lobbyists since the financial crisis, explaining how
The Physical Impossibility of Death in the Mind of the Too Big To Fail
Another great piece of subversive art by William Banzai 7. The shark’s head looks suspiciously like that of Goldman Sachs
How London became the money-laundering capital of the world. Guest post by Rowan Bosworth-Davies
By Rowan Bosworth-Davies Speaking on the Marr Show on BBC One on March 23rd, the former Daily Telegraph editor and
The 12 Barclays scandals that cast doubt on Diamond’s testimony
Smearing the facilitators? Ex-Barclays chief executive Bob Diamond had been tipped to ‘throw his toys out of the pram’ in
Financial regulation: with Griffith-Jones’ appointment, Britain keeps it in the family
I was surprised and exasperated to learn last week that chancellor George Osborne has rubber-stamped the appointment of John Griffith-Jones,
Banks in Hungary and Slovenia looking precarious
The IMF has produced a blog on the precariousness of banks in Central and Eastern Europe. The majority of banks
George Soros: Germany and the Bundesbank have three months to save the euro
Remarks made by George Soros at the Festival of Economics, Teatro Sociale, Trento, Italy 2 June 2012 Ever since the
Everyone in finance should read David Bermingham’s “A Price To Pay”. Guest post by Rowan Bosworth-Davies
By Rowan Bosworth-Davies White-collar crime, and particularly fraud and wrong-doing in the City of London, has been ignored by regulators
Fear and loathing in City of London as Barnier taps raw consumer power
Michel Barnier is viewed with a mixture of fear and loathing in the City of London. In the Square Mile,
IMF raises red flags about China’s financial system
In its first ever formal assessment of the stability of China’s financial system, the International Monetary Fund has blamed heavy-handed state intervention
Andy Haldane’s proposals for breaking the bankers’ doom loop
For a central bank director, Andy Haldane is remarkably alert to the widening cracks in the global financial system. Delivering the
Occupy: “The dukes and earls in America’s great tower of bullsh*t are starting to blink”
What is Occupy Wall Street and what is it trying to achieve? There may be a good few Maoists, Trotskyists, Anarcho-Syndicalists
Chris Hedges on Occupy: “People have finally woken up to the kleptocracy that we live in”
Pullitzer prize-winning war correspondent and author Chris Hedges last week gave thie interview to Occupy TVNY, about fast-growing Occupy Wall
On banking, David Cameron is either clueless or a liar
David Cameron displayed an astonishing lack of understanding of the banking sector in his interview with Sarah Montague on the
Charting the psychological journey of UBS “rogue” trader Kweku Adoboli
The gigantic $2.3 billion losses that Union Bank of Switzerland is blaming on a Ghanaian-born “rogue” trader have added power
Clydesdale takeover could see ‘lots of Scots thrown out of their homes’, says expert
NBNK REFUTES CLAIM AS SPECULATION OVER BANKING DEAL GROWS. BY IAN FRASER The possible sale of Clydesdale Bank to an
It’s dawning on policymakers that letting bankers take the wheel means the economy gets driven into a cul-de-sac
There are eerie parallels between the continuing precipitous falls in the shares of European and UK banks and the stomach-churning
The US downgrade has benefited Treasuries but sent France and French banks reeling
US Treasuries’ unexpected reaction to the US downgrade When Standard & Poor’s stripped the US of its ‘AAA’ credit rating
Board’s role ‘off limits’ in police probe of alleged £1bn HBOS fraud
THE police force investigating an alleged £1 billion fraud at the former Reading operation of HBOS has no plans to probe
Lack of liquidity bad for big bond funds
There were a few raised eyebrows in the City when fixed-income manager Rod Davidson declared recently that lack of liquidity