The Federal Reserve Dictatorship Runs Amok Against Savers

By Ralph Nader, Nader.org -

If you are a saver in a money market account or in a bank, you’ve already noticed your dwindling interest income as interest rates have been at their lowest in modern American history. Well, [...]

Regulators Finally Crack Down On Wells Fargo

By Phil Mattera, Dcreport.org -

It took three years but a leading U.S. regulator finally got tough with probably the most lawless large U.S. financial institution. The Office of the Comptroller of the Currency, an arm of the [...]

‘Uninsurable And Unhedgeable’: Central Banks Warn Of Financial Crisis From Climate Change

By Nick Cunningham, Desmogblog.com -

A future climate disaster, or “green swan” event, could bring down the global financial system, according to a new report from the Bank for International Settlements (BIS), an international [...]

Global Banks, Led By JPMorgan Chase, Invested $1.9 Trillion In Fossil Fuels Since Paris Climate Pact

By Sharon Kelly, Desmogblog.com -

A report published today names the banks that have played the biggest recent role in funding fossil fuel projects, finding that since 2016, immediately following the Paris Agreement's adoption, [...]

JPMorgan Chase Records The Biggest Profit Of Any Bank In US History

By Gabriel Black, Wsws.org -

JPMorgan Chase, the most valuable private bank in the world, made $36.4 billion in 2019, the biggest annual profit of any bank in American history. The news, reported Tuesday, sent the company’s [...]

25 People Occupy Chase Bank Branch In D.C. As Climate Activists Launch A Major New Campaign Targeting The Financial Industry

By Staff, Sierraclub.org -

WASHINGTON - Over twenty people occupied a Chase Bank branch in Washington, D.C. today to kick off Stop the Money Pipeline, a major new activist effort going after the financial industry’s [...]

Fed Up: The Impunity Of Central Banks

By Trevor Jackson, Dissentmagazine.org -

September 29, 2008, was one of the strangest days in the recent history of capitalism. The investment bank Lehman Brothers had failed two weeks earlier in the largest bankruptcy in U.S. history, [...]

Massive Hack Strikes Offshore Cayman National Bank And Trust

By Dan Feidt and Freddy Martinez, Unicorn Riot -

Isle of Man, UK – A blast of sunshine has hit a secretive banking network used by global ultra-wealthy figures following a massive hack by “Phineas Fisher“, a notorious self-described [...]

World’s Largest Bank Ends Fossil Fuel Financing

By Alexandra Jacobo, Nationofchange.org -

The bank's decision to end all financing of oil, gas, and coal projects after 2021 will make it the first multilateral lender to rule out financing for projects that contribute to the climate [...]

Lebanon Protests: The People Want The Downfall Of The Bank

By Hicham Safieddine, Middleeasteye.net -

There is no shortage of corruption in Lebanon. According to Transparency International, people in Lebanon are the most likely in the MENA region to describe their politicians and state [...]

Another Look At The Federal Reserve’s Panic In September 2019 And Solutions To The Crisis

By Eric Toussaint, Cadtm.org -

You may recall that from 17 September 2019, the United States Federal Reserve injected massive amounts of liquidity into banks due to a quite abnormal situation on the repo market [1]. [...]

A Radical Break With The Status Quo Is The Most Sensible Path Forward

By Diliff, Publicbankinginstitute.org -

“Today, it is quite clear that only a radical break with the past will deliver us from the post-crisis malaise and the climate crisis that has emerged alongside it. … A public banking system must [...]

Opening The Public Bank Floodgates

By Staff, Publicbankinginstitute.org -

“These [public] banks could follow in the footsteps of the German KfW Group, a collection of state-owned infrastructure banks that directed more than one-third of its funds to climate and [...]

Central Banks Bailing Out Wall Street And Big Finance As Crash Looms

By Nick Beams, Wsws.org -

Two actions by US financial authorities this week indicate that the United States will respond to a looming downturn in the global economy by providing, once again, unlimited amounts of cash to [...]

JPMorgan Chase Metals Desk Charged With Being A Criminal Enterprise For Rigging Metals Prices

By Pam Martens and Russ Martens, Wallstreetonparade.com -

Two notable things happened on Monday, September 16, 2019. Rates started to spike in the overnight loan (repo) market, reaching a high of 10 percent the next day and forcing the Federal Reserve [...]