Atoning for their mortgage and pension mis-selling scams has cost the UK banks billions, but their payouts perversely kept consumer spending alive. What happens now? Read here
Facebook’s impending new currency, Libra, could facilitate criminal exploitation of the payments system, while reducing the authorities’ ability to monitor and mitigate systemic risk. This article is part of a VoxEU debate on the future […]
Forget the hype of free markets. Neoliberals don’t believe in them. They have mobilized the state to extract cash from people; abuse consumers; erect barriers to collect monopoly rents; dodge any social responsibility and public […]
The card that is “created by Apple, not a bank” is actually issued by – a bank. Read here
The International Monetary Fund (IMF) stands for death, destruction, and repression. It does not solve problems, it pulverises them. David Barmes is carrying out Positive Money’s latest research on Escaping Growth Dependency Cross-posted from Positive […]
At the end of the day “financialisation” means wealth extraction. Nick Shaxson explains on hand of a police training centre near Glasgow in Scotland. Nick Shaxson is an Investigative Journalist and author of “Treasure Islands”. […]
Nothing has changed at the top of banking globally: big salaries, bonuses, pensions for the top executives, in return for overseeing tax scams, fraud and corruption. Michael Roberts is an Economist in the City of […]
It appears that Spain’s politics is determined by vested interests of the 1%, and in a moment of crisis, unfortunately once again led by the Social Democrats. Juan Laborda teaches Financial Economics at the University […]
The former chief executive officer of HSBC Holdings Plc’s Swiss private bank pleaded guilty to helping wealthy clients hide assets worth at least 1.6 billion euros ($1.8 billion) as French prosecutors flex their muscles to […]
Another example of why capitalism is not capable of dealing with the Climate Catastrophe, nor offer any real solutions. David Barmes is carrying out Positive Money’s latest research on Escaping Growth Dependency Cross-posted from Positive […]
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