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, [...]
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 [...]
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 [...]
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, 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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
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]. [...]
“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 [...]
“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 [...]
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 [...]
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 [...]
