By Bob Cesca: Taking a look at the Mitt Romney Bain Capital fiasco from the air, it's really illustrating a major flaw in both the American mindset -- not to mention our corporatocracy. In the relationship between the corporate world, the financial sector and the rest of us, ...read more
by Nick Mathiason, Melanie Newman and Maeve McClenaghan: The British financial services industry spent more than £92m last year lobbying politicians and regulators in an ‘economic war of attrition’ that has secured a string of policy victories. As the industry prepares to ...read more
The Bank of England's executive director has raised the prospect of official intervention against free banking in an effort to clamp down on mis-selling of financial products. Andrew Bailey also highlighted the debate about the speed at which banks are being required to hold ...read more
When you hear the word 'bank' you automatically think 'capitalism'. After all, banks have capital and fund all sorts of ventures that make the economy work. Synonymous with capitalism is the theory of competition - markets are free and competitive leading to transparency and ...read more
Molly Katchpole, 22 years old, took on Bank of America over its ridiculous debit card fee and won. Just goes to show what happens when people decide to stand up to power. From the Guardian: I called on Bank of America to back off the new debit card fee, knowing that if Bank of ...read more
Image via Wikipedia Matt Taibbi suggests 'Occupy Wall St' add another very specific policy to their agenda; get people to pull their money out of Bank of America: When it comes to commercial banking, Bank of America is as bad as it gets. The markets, of course, have lately come ...read more
