Bank overseers published a 2018 report with a major red flag about Silicon Valley Bank — and then they ignored it.
Older climate activists gathered in on hundred cities around the country for a day of action targeting banks that finance fossil fuel projects. New organization, Third Act, already has 50,000 members.
The most important bank in Silicon Valley has failed, triggering economic uncertainty nationwide. To blame: tough-talking tech dudes, a reckless Congress, contradictory monetary policy, and even Barney Frank.
ProPublica’s Jesse Eisinger interviews law professor Lev Menand about his new book critiquing the role of the Federal Reserve.
In 1791, enslaved Haitians did the seemingly impossible. They ousted their French masters and founded a nation. But France made generations of Haitians pay for their freedom — in cash. How much has remained a mystery, until now.
The problem is not a structural lack of liquidity but the use banks make of the liquidity available to them [...] they use the liquidity placed at their disposal to buy up massive amounts of debt which sooner or later will lead to a major new crisis
The Vermont Senator just stood up to Amazon — but what about those Too Big To Fail banks?
The City of London, Britain's financial equivalent of Wall Street, is--like its American co-equal --virtually unrivaled given its capacity to develop a business largely on the basis of using the new post-war world currency, the U.S. dollar, and its corresponding wasting away of British industry.
Written one week before the current Wall Street tumble, economist Nomi Prins writes: Watch out. Even in the seemingly best of times, neglecting Wall Street is a dangerous idea. With a rag-tag Trumpian crew of ex-bankers and Goldman Sachs alumni as the only watchdogs in town, it’s time to focus, because one thing is clear: Donald Trump’s economic team is in the process of making the financial system combustible again.
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