banks

Paul Krugman has it right when he says this: I hold no brief for weak financial regulation in America. But it’s a bad sign that Germans still think of this as a made-in-America crisis. The truth is that the European housing bubble was…

This morning ECRI's Lakshman Achuthan was talking about the recovery on CNBC. His take is that the recent slowdown in GDP growth is normal for the recessions since before World War II so far. If we dip even more from here, we have trouble.…

Stress tests on European banks have emerged as a key talking point. The criteria is not clear, though European officials are apparently telling anyone who is interested that the these tests are more robust than the previous tests conducted…

Because the European Union will stress-test its 25 largest banks, it makes sense to compile a comprehensive list of Europe's largest banks.

This is a guest post by Karl Deeter of the Irish Mortgage Brokers Blog. We are reminded by Shane Ross' article in the Sunday Irish Independent "Cowen spins for his political life" that these banking issues are political for…

This morning David Rosenberg noted: We also received the U.S. consumer credit data for April yesterday afternoon and the $1.0bln rise in total outstanding should be viewed in the context of the sharp revision in March (to now show a…

When was the last time an unsustainable economic situation was solved without a crisis?  Seriously, that's a question. I can't think of one.  The way I see it, politicians are always focused on the short-term and that invariably…

Max and Stacy talk about Twitter hashtag manipulation, elections in Reykjavik and the BP oil spill for some good fun.  Later in the episode I come on and ruin it with a little doom and gloom.  Take a look. OK, the BP stuff isn't…

Spanish savings banks, called cajas, are finally moving.  It took the central bank to take over CajaSur, which is controlled by the Catholic church in Cardoba, ten days ago to light a fire under the others.  There were about 45 of…

The following is the text of a James K. Galbraith’s written statement to members of the Senate Judiciary Committee delivered this May. Original text is here. Chairman Specter, Ranking Member Graham, Members of the Subcommittee, as a…