Truthout
Banks
Interest Rate Cuts Now Could Help Workers. But That’s Not Who the Fed Serves.
Progressive economist Gerald Epstein says the Fed is more sensitive to the needs of the wealthy few than the rest of us.
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.
SEC’s Approval of Bitcoin Markets May Set the Stage for Financial Disaster
Irresponsible banking and deregulation are putting the world economy at risk.
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.
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.
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.
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.
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.”
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.
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.