Category Archives: Banking industry

Halloween Is Over – Are Corporate Zombies Still Out There?

Corporate debt levels are up due to Covid. Some will businesses will not make it. Restructuring sooner is better for everyone than later.

Debt Cancellation: Taxi Drivers Savor Victory as Medallion Debt Bailout Deal Ends Hunger Strike

How New York City taxi drivers won a rare and much needed debt restructuring.

‘Manchin Is a F**king Snake’: Progressives Urged to Keep Pushing for Both Bills

Jayapal is “letting the president” handle Manchin after he says he won’t budge on the reconciliation package.

What May Happen When Central Banks Wake Up to More Persistent Inflation?

Sudden policy reversals could lead to severe downturns in financial markets and significantly damage public sector balance sheets.

Jim Chanos: China’s “Leveraged Prosperity” Model is Doomed. And That’s Not the Worst

Famed short-seller Jim Chanos is more concerned with political fallout from China’s Evergrande than economic/financial woes.

New Report Highlights Corporate Funding of Police Foundations, Which Encourage Police Militarization and Thwart Reform

Corporations funnel significant funds to anti-reform police foundations, while publicly supporting PR campaigns for police reform.

Never Mind the Pandora Papers: Why Secrecy Still Rules in the UK

Thanks to poor drafting and a lack of enforcement, anti-secrecy legislation intended to make it clearer who owns UK companies isn’t working

European Investment Scammers Allegedly Laundered Their Money through Scotland

Investigations by European and Ukrainian prosecutors revealed an alleged investment fraud with funds laundered via UK corporate entities

Can China’s Outsized Real Estate Sector Amplify a Delta-Induced Slowdown?

Whether by accident or design, the implosion of China’s Evergrande will take some air out of its inflated real estate sector. What then?

Michael M. Thomas, R.I.P

I am very much saddened by the death of Michael M. Thomas, from old money and high finance, and vocally unimpressed by them.

A Half Century Since The Beginning Of The End Of The Post WW II Economic Order

Marking the 50th anniversary of the end of the Bretton Woods economic system.

Climate Activists Target Banks’ Greenwashing in Nationwide #DefundLine3 Protests

Banks fund new oil pipelines that will generate climate pollution for decades. They are greenswahing their loans as ‘sustainability’ measures

The Moral Hazard of Limited Liability

Some concrete ideas for how to pin the tail of the limited liability donkey back on key insiders, and make regulators accountable.

Gurbir Grewal Takes Helm as SEC Director of Enforcement, Breaking BigLaw Stranglehold

The new SEC director of enforcement takes up his post today, the first in this position since 2005 to enter without strong recent corporate ties.

California Senate Shoots Down CalPERS’ Private Debt Secrecy Bill; Board Hissy Fit Reveals It Never Questioned Staff Misrepresentations

CalPERS is no longer being given the benefit of the doubt by the legislature, and can’t handle a request to ‘splain itself.