Banking







Yanis Varoufakis on Bitcoin and the fruitless dream of a de-politicised currency: The Crash of 2008 has infused our societies with enormous scepticism on the role of the authorities, both government and…




Is there a secret agenda afoot in America’s rush to war in Syria? Via Alternet: In an August 2013 article titled “ Larry Summers and the Secret ‘End-game’ Memo,” Greg Palast posted…





Elizabeth Warren for president? Reuters reports:  A small bipartisan group of senators on Thursday introduced legislation that would break up Wall Street’s megabanks by separating traditional banking activity from riskier financial services….









Via Ghost Exchange, excerpts from a fascinating PBS interview with former hedge fund analyst Cathy O’Neil on the culture within Wall Street: The basic cultural assumptions were not pleasant to me. The…



The Denmark-based multinational Danske Bank is one of the world’s largest, with assets worth about $600 billion. Its new marketing campaign, fascinating in much the same fashion as a train wreck, is based around the slogans “Occupy” and “A New Normal”:

The strategy is intended to restore trust in the Bank and ensure that we live up to our new vision of being “Recognised as the most trusted financial partner.” In order to reach that objective, we must set new standards for banking operations.


Will unregulated, debt-based financial products destroy the world? Bloomberg reports that the funneling of capital into instruments of so-called “shadow banking” continues to balloon to unimaginably large proportions: The shadow banking industry…