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An interesting article on Switzerland and the future of their “neutrality” in Newsweek this week. On the plus side, Switzerland has largely gone along with EU sanctions on Russia over their illegal and unjustified war against Ukraine: Switzerland is...
by Irontortoise
 53 comments
on Sun Apr 14, 2024 at 03:04 AM PDT
with 192 Recommends
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Has this happened to anyone else? I have a bank account at a super regional bank (we will call this Bank 1). They sent me a letter, offering me credit card account with a 21 month interest free period, including on balance transfers with a 3% fee on...
by Angela Marx
154 comments
on Thu Apr 11, 2024 at 11:42 AM PDT
with 189 Recommends
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I have worked as a Wealth Advisor for a major Wall Street firm for 22 years. Never in that time have I seen the volume of fraudulent attempts at stealing my client’s money as I have within the past few months. In this short diary, I just wanted to give...
by BayAreaKen
29 comments
on Thu Feb 08, 2024 at 05:56 PM PST
with 40 Recommends
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Diary withdrawn.
by boblite
9 comments
on Tue Jan 23, 2024 at 10:57 AM PST
with 14 Recommends
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My baby sister is a VP at a super regional bank and has offered to introduce you to their subsidiary which is a money processing service, to get Daily Kos set up to process donations instead of sending us all to Act Blue. I can’t see any reason why you...
by Angela Marx
34 comments
on Wed Jan 10, 2024 at 11:20 AM PST
with 37 Recommends
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A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China. An Associated Press...
by Associated Press
57 comments
on Thu May 18, 2023 at 07:21 AM PDT
with 59 Recommends
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Regulators have barely written the epitaph for First Repbulic Bank, but investors on Wall Street have already moved onto speculating which bank might be the next to fail. Bank stocks fell sharply Tuesday, led downward by smaller banks with heavy...
by Associated Press
13 comments
on Tue May 02, 2023 at 01:19 PM PDT
with 35 Recommends
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The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system. “The U.S....
by Associated Press
43 comments
on Wed Mar 22, 2023 at 11:27 AM PDT
with 27 Recommends
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Congress made a big mistake in 2018 in deregulating Silicon Valley Bank. Now, we can undo the damage In 2018, Congress rolled back parts of the Dodd-Frank law that protected consumers from banks gambling with our money. Two banks that directly benefited from the reduced oversight were Silicon Valley Bank and Signature Bank. We all know what happened...
by Paul Hogarth
6 comments
on Thu Mar 23, 2023 at 10:00 AM PDT
with 15 Recommends
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It seemed like a good idea at the time: Red-state Democrats facing grim reelection prospects would join forces with Republicans to slash bank regulations — demonstrating a willingness to work with President Donald Trump while bucking many in their...
by Associated Press
20 comments
on Tue Mar 21, 2023 at 09:15 AM PDT
with 27 Recommends
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I’d like to make some observations about the banking industry. My qualifications are a little bit thin, although my wife worked in a bank for two decades and dealt first hand with bundled mortgages, and I drink Deer Park bottled water just like Alan...
by bisleybum
16 comments
on Mon Mar 20, 2023 at 07:14 AM PDT
with 14 Recommends
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The stock market is however economy-adjacent as we know dimensionally, the map is not the territory. Markets remain efficient only if enough people believe they are not, much like clubs we wouldn’t want to join because they would have us as a member....
by annieli
2 comments
on Fri Mar 17, 2023 at 05:52 PM PDT
with 16 Recommends
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How cute, they don't know what WOKE means... Please share #laloalcaraz cartoon!
by laloalcaraz
32 comments
on Thu Mar 16, 2023 at 01:32 PM PDT
with 151 Recommends
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Over the weekend, the Treasury/Federal Reserve/FDIC stepped in to guarantee the deposits at the failed Silicon Valley Bank (SVB) and did the same for Signature Bank in New York, a more crypto-focused bank which was also put into FDIC receivership....
by m2c4
7 comments
on Thu Mar 16, 2023 at 07:54 AM PDT
with 13 Recommends
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Vimeo Video
Somehow, right-wingers were able to turn news of a bank failure (or ...
by Mark Fiore
11 comments
on Fri Mar 17, 2023 at 05:00 AM PDT
with 61 Recommends
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This is an open thread where everyone is welcome, especially night owls and early birds, to share and discuss the happenings of the day. Please feel free to share your articles and stories in the comments. The crew of the Overnight News Digest consists...
by jeremybloom
9 comments
on Wed Mar 15, 2023 at 08:30 PM PDT
with 33 Recommends
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Consider supporting my work so I can continue creating it, � here ,� here , or get my � free newsletter here.
by Nick Anderson
18 comments
on Wed Mar 15, 2023 at 03:00 PM PDT
with 189 Recommends
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But the ruling class - the "lords of capital" - are too moral for lectures, as deregulatory Trump policy made the failures easier. And whose moral hazard is it when such rhetoric (and game theory) applies differently for the poor. As Tom Nichols says,...
by annieli
63 comments
on Mon Mar 13, 2023 at 09:46 AM PDT
with 170 Recommends
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The financial institution best known for its relationships with high-flying world technology startups and venture capital, Silicon Valley Bank, experienced one of the oldest problems in banking — a bank run — which led to its failure on Friday. Its...
by Associated Press
170 comments
on Sat Mar 11, 2023 at 07:18 AM PST
with 113 Recommends
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Seems a bit like the chaotic part of creative destruction at work, causing mayhem in the tech startup community of Silicon Valley. Some of the bank run may have been triggered by Peter Theil, and a few may have profited despite the kinds of funds held...
by annieli
38 comments
on Fri Mar 10, 2023 at 07:31 PM PST
with 57 Recommends
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Recommended
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Recent Diaries
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