A wider lens on the dynamics driving the Silicon Valley Bank collapse. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog LAST week, US Fed Chair Jay […]
As a consequence of the European Central Bank (ECB) raising its interest rates, banks in the euro area will earn €70 billion in unearned windfall profits. Cross-posted from Positive Money Europe There is a huge […]
A new Netflix series dramatises the story of Dave Fishwick, who’s ambition is to take on the City of London and open the first local bank in 150 years. Nicole Omotoye works as a Campaigner […]
Banks are making massive profits on European Central Bank interest rate rises, with German and French banks making the most Cross-posted from Positive Money Europe THE ECB is expected to pay around €40 billion in […]
Interest rates were attached to Quantitative Easing, so that banks get interest on money created by the BoE, in which they have done nothing to earn. Now interest rates are rising, and those banks are […]
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