Submitted by Philipp Bagus via The Mises Institute, Last month, Philipp Bagus and Andreas Marquart released their new book Blind Robbery!: How the Fed, Banks, and Government Steal Our Money, now available from FinanzBuch publishers. (See Karl-Friedrich Israel's full review on mises.org.) We recently spoke with Dr. Show More Summary
I stand by my post last week that “just” the removal of the AA club access from the Citi BANK Prestige card last week was just no big deal (for most of us). However, the MASSIVE destruction of the perks (HT to M2M) that is on the way...Show More Summary
Pokemon Go has taken the world by storm, and it’s just been a little over a month since its release. Of course, you need a smart phone (and a powerful battery and a power bank, we hear) to catch ’em all — or do you? Because a bunk of Twitter users just tweeted images of […]
Governor of the Bank of England, Mark Carney gives a press conference at the Bank of England in the City of London, on June 30, 2016. (MATT DUNHAM/AFP/Getty Images) This post was co-written with Alex Tapscott. In the aftermath of Britain's...Show More Summary
It’s a strange time in the airline industry. Wall Street can’t seem to say enough bad things about carriers awash in profits. The four largest U.S. airlines banked $4.1 billion this spring, but saw revenues slide about 2 percent industrywide...Show More Summary
It's a gray area!
Two billion adults worldwide do not have bank accounts.
Another week, and more concerns about the Italian banking system. A reminder: Monte dei Paschi di Siena (MPS), the world's oldest bank founded in 1472, has an estimated $55 billion in bad loans on its books and is expected to be among the worst performers in European banking stress tests next week. Show More Summary
Columbia, SC - Luigi Wewege is the President and CEO of Vivier Group a multinational banking and financial services group of companies, providing its select services worldwide through representation in jurisdictions across Africa, Asia, Oceania, Europe and South America. Show More Summary
``The weak exports data show that the nation's economic recovery remains tepid and come before the Bank of Japan meets later this week to consider whether to further expand monetary stimulus. Japan's growth is at risk as a slowdown in...Show More Summary
NEW YORK (Reuters) - A U.S. judge on Monday said Deutsche Bank AG must face part of a lawsuit claiming it defrauded investors who bought $5.4 billion of preferred securities by concealing its exposure to the fast-deteriorating subprime mortgage market. Show More Summary
We classified last month's 2Y auction as "lacklustre." This month, the best word to describe today's sale of $26 billion in 2Y paper is "dreadful." While the yield on the auction was almost unchanged from last month, coming at 0.760%, it tailed by 1.2bps to the 0.748% When Issued, compared to last month which came on the screws at 0.745%. Show More Summary
True social equality is hard to measure and progress for women can be achingly slow, especially economically. But finally, we’ve done it. We’re here. As of 2016, women are making gains in one crucial sector: bank robbery. Read more....
``Speaking on the outskirts of a Group of 20 (G20) finance leaders meeting in Chengdu, China, Italy's Finance Minister, Pier Carlo Padoan, told CNBC that the Italian banks "do not need [a] rescue.. The European Banking Authority and the European Central Bank will release the results of new stress tests on Friday morning. Show More Summary
Traders expect fireworks in the currency market later this week when the Bank of Japan bank updates the markets on its plans for monetary stimulus. The one-week implied volatility of the U.S. dollar versus the Japanese yen ended last week at the highest level since the 2008 financial crisis, according to derivatives strategists at Credit Suisse. Show More Summary
Check out this list if you'd like to give your bank account a little breather.
Marilyne Tolle at the Bank of England's Bank Underground blog: Central bank digital currency: the end of monetary policy as we know it?: Central banks (CBs) have long issued paper currency. The development of Bitcoin and other private digital currencies...
Judge in money laundering case ruled bitcoin wasn't like cash because it is not backed by a government or a bank
Turkey’s budding renewable energy sector has attracted another major financial boost, with two of the leading multi-lateral banks picking up stake in a private renewable energy developer. The European Bank for Reconstruction and Development...Show More Summary
University of Iowa’s defensive lineman Faith Ekakitie was held at gun point by Iowa City police officers July 20 after they mistook him for a bank robber. In fact, Ekakitie was simply playing Pokémon Go. Ekakitie detailed the ordealShow More Summary