Truthout
Banks
![People display signs reading "SHUT DOWN CHASE" and "CLIMATE JUSTICE NOW" during an outdoor demonstration](https://truthout.org/app/uploads/2024/02/2024_0212-chase-protest-400x300.jpg)
A Growing Number of Economists Are Joining the Fight to Rein In the Big Banks
Big banks have captured the financial regulatory system and are driving inequality. We need to bust their club.
![The Nasdaq board in Times Square displays scenes from ringing the opening bell as Bitcoin Spot ETF's are launched on the Nasdaq Exchange on January 11, 2024, in New York City.](https://truthout.org/app/uploads/2024/02/2024_0210-nasdaq-400x300.jpg)
SEC’s Approval of Bitcoin Markets May Set the Stage for Financial Disaster
Irresponsible banking and deregulation are putting the world economy at risk.
![Bankers walk past chalk writing that says "The Planet is Burning!" as they leave work.](https://truthout.org/app/uploads/2023/09/2023_0904-Citibank-400x300.jpg)
New Report Shows Major Banks Continue to Fund Climate Chaos in Global South
The report calls on banks to make good on their climate promises and stop funding fossil fuels and deforestation.
![Rep. Ayanna Pressley joins a news conference outside the U.S. Capitol on April 28, 2022, in Washington, D.C.](https://truthout.org/app/uploads/2023/08/2023_0824-ayanna-pressley-400x300.jpg)
Pressley Calls on Banks to Detail Progress Made on 2020 Racial Equity Pledges
Banks had made flashy commitments to combat racism following the murder of George Floyd.
![People walk past a First Republic bank in Manhattan on May 1, 2023 in New York City.](https://truthout.org/app/uploads/2023/05/GettyImages-1486833488-400x300.jpg)
Warren Says First Republic Bank Collapse Exposes the Rigged US Financial System
In response to news that regulators had sold the bank to JPMorgan Chase, Warren said system overhaul is long overdue.
![Looking up at buildings and hand of statue on Wall Street](https://truthout.org/app/uploads/2023/04/2023_0425-wall-street-400x300.jpg)
Regulation Won’t End Bank Crises. We Must Put Shadow Banks Under Public Control.
Regulations designed by banks to shield their interests will never be enough to halt banking crises, an economist warns.
![Federal Deposit Insurance Corporation Chairman Martin Gruenberg during a hearing before the Senate Banking, Housing and Urban Affairs Committee on September 9, 2014, on Capitol Hill in Washington, D.C.](https://truthout.org/app/uploads/2023/03/2023_0327-Martin-Gruenberg-400x300.jpg)
The 10 Largest Deposit Accounts at SVB Held $13 Billion, FDIC Chair Says
One researcher called the SVB bailout “a good illustration of the enormous class bias in American policymaking.”
![Chairman Bernie Sanders talks with reporters before the Senate Health, Education, Labor and Pensions Committee hearing titled “Community Health Centers: Saving Lives, Saving Money,” on Thursday, March 2, 2023.](https://truthout.org/app/uploads/2023/03/2023_03-23-bernie-sanders-hearing-400x300.jpg)
Sanders Introduces Bill to Stop Bank CEOs From Serving as Fed Bank Regulators
The CEO of Silicon Valley Bank was a member of the San Francisco Fed board up until the day his bank collapsed.
![Montana senator Steve Daines](https://truthout.org/app/uploads/2023/03/2023_0322-steve-daines-400x300.jpg)
Senate Banking Committee Member Dismisses Calls for Regulations, Bankers Applaud
The American Bankers Association welcomed the Republican's defense of a 2018 law that weakened regulations.
![A man walks by Silicon Valley Bank](https://truthout.org/app/uploads/2023/03/2023_0322-svb-bank-400x300.jpg)
Three Banks Have Now Collapsed. A Progressive Economist Explains Why.
There is a banking crisis underway and the problems are spreading, says Gerald Epstein.