banking
LA Voters to Consider Creating Nation’s First Municipal Public Bank
A Los Angeles ballot measure could put the city one step closer to creating a public bank, which Phoenix Goodman of Public Bank LA says could help the city “transform banking from a source of evil” to a force that fights climate change and inequality
The Next Global Financial Crisis is Inevitable
Senate Expands ‘Lobbyist Bill’ to Deregulate Real Estate
New measures added to the financial deregulation bill include the deregulation of commercial real estate, which threatens to re-create the conditions that led to the 2008 financial crisis, says Bill Black
Once a Poster Child for Austerity, Latvia Becomes a Hotbed of Corruption
Austerity didn’t produce recovery in Latvia, it produced the semblance of recovery, says white-collar criminologist Bill Black. It also led to rampant criminal activity in the banking sector, such as money laundering, taking bribes, and violating sanctions against North Korea
Wall Street Wins as Senate Blocks Consumer Protection Rule
The Senate voted 51-50 to repeal a rule that would have made it easier for consumers to sue the financial institutions that defraud them. The move is “outrageous,” says white-collar criminologist Bill Black. “It should be a national scandal, and require resignations in disgrace”
In Historic Step, Banking Giant Cuts Ties With Tar Sands
Greenpeace’s Keith Stewart discusses the huge step by BNP Paribas to move away from tar sands and divest from ‘the dirtiest project on the planet’
Economy
The Black Financial and Fraud Report
How Wells Fargo Keeps Scamming Its Customers & Employees
CEO John Stumpf faces grilling from Congress on why his bank keeps breaking the law, but if no one goes to jail, nothing changes, says economist Bill Black