Category Archives: Banking industry

How Trade Fragmentation Affects Bank Credit Supply

Engaging in more bilateral trade to bypass the dollar fragments the activities of major international banks and even affects locak players.

Financial Instability in 2022-2023: Causes, Risks, and Responses

Authorities acted promptly and decisively, and each crisis required a unique solution, especially the larger crises

4 US Banks Crash in 2 Months: Banking Crisis Explained by Economist Michael Hudson

US banks keep falling over but the Fed is curiously indifferent.

Is There Motive Behind the Fed Making Such a Mess of the US Bank Wobbles?

The Fed seems awfully indifferent to the (so far) low level bank crisis it has created.

Big Banks Must Become Globally Resolvable – or Significantly ‘Smaller’

Sadly, coming up with a way to resolve big international banks is a non-starter. The answer is very strict regulation. But that would be work.

Amex Customers – Above-Average-Income Consumers – Are Spending like Drunken Sailors, incl. on Travel & Restaurants

They’re the Big Spenders, they can move the needle. Millennials and Gen Z-ers are now the drivers of this growth.

Debt and the Collapse of Antiquity – Michael Hudson

Michael Hudson explains how Rome rejected debt forgiveness and nstituted a pro-creditor legal system, which our establishment defends today.

Banks Try to Make Security Customer-Friendly. Not a Good Mix.

Retail bank security ain’t all it’s cracked up to be.

Feds Bust $3.4 Billion Crypto Theft, Demonstrating Ability to Penetrate Supposed Secrecy

One of the big selling points of crypto, privacy, is rapidly disappearing.

Trouble in Multifamily CRE: Two Big Messes, and Investors Are on the Hook, Not Banks

Data about who holds CRE loans is incomplete, but more is owned by investors than the media generally acknowledges.

That 80s Feeling: How to Get Serious About Bank Reform This Time and Why We Won’t

The author argues for the widespread use of market values when assessing bank conditions, prompt corrective action by regulators, limiting deposit insurance protection to ensure market discipline, and shifting the political equilibrium.

The Financial Crisis of 2023: Protecting Big Finance, Coming and Going

The financial system needs to provide a safe place for businesses to place their reserves and working capital.

‘The Billionaire Bailout’: FDIC Chair Says the Biggest Deposit Accounts at SVB Held $13 Billion

“The bailout really did protect billionaires from taking a modest haircut.”

FDIC Sells Much of Silicon Valley Bank to First-Citizens Bank. Total Cost of SVB Collapse to Deposit Insurance Fund: $20 Bn

Even collapsed banks have lots of assets that the FDIC sells to cover the costs to the Fund. Signature Bank collapse costs the Fund only $2.5 billion