Why One Bank Sees A Global “Minsky Moment On The Horizon”

In a time when every strategist has put together a “hot take” on the causes of the financial crisis and its aftermath, with BCA going so far as to suggest that some $400 trillion in assets are at risk should the Fed tighten too hard,…

“The Big Short’s” Steve Eisman Reveals Where The Next Crisis Will Come From (And His Favorite Long Idea)

Overnight, we presented the views of 4 people who saw the last financial crisis coming, and shared their outlook for the future. There was one name we forgot, however, perhaps the most famous of all: Steve Eisman, who was popularized by the movie The Big…

US Consumer Rights Agency Under Threat

Expand © Flickr/Consumer Financial Protection Bureau Consumer rights in the US are under threat at the very regulatory agency responsible for protecting them. The Consumer Financial Protection Bureau (CFPB) has a database where consumers can get information about financial products and companies, and file complaints. But,…

“Lehman’s Failure Could Have Been Avoided” But Fed Folded To Political Pressure

Authored by Christoph Gisiger via Finanz und Wirtschaft, On September 15, 2008, the global financial system was on the brink of a collapse. The trigger for the worst financial crisis in generations was the failure of the US investment bank Lehman Brothers. Key policy makers…

Ray Dalio Warns ‘History Repeats’ – Understanding Big Debt Crises, Part 1

Ten years ago this month, the world’s financial system nearly ground to a halt. It was a dramatic and pivotal time, which has had lasting effects on many people’s lives. But, as the founder of the world’s largest hedge fund, Bridgewater’s Ray Dalio, notes, it…

“Women’s Underwear Trader” At ING Busted For €150 Million In Money Laundering

Dutch bank ING Groep, the latest financial services provider in the Netherlands, admitted on Tuesday that criminals had been able to launder money through its accounts and agreed to pay €775 million ($900 million) to settle the case. It was hardly a surprise: in fact,…

10 Years Later – No Lessons Learned

Authored by Jim Quinn via The Burning Platform blog, “A variety of investors provided capital to financial companies, with which they made irresponsible loans and took excessive risks. These activities resulted in real losses, which have largely wiped out the shareholder equity of the companies….

Where Will The Next Crisis Come From?

Authored by Jeffrey Kleintop via Schwab.com, Key Points It’s been 10 years since a U.S. financial shock turned into a crisis in the global financial, market and economic system. A shock turns into a crisis when the system is unprepared for it. The system is…

This Decoupling Has Never Been Greater

The divergence between financial conditions in the U.S. and Asia ex-Japan has got to extreme levels, according to the Bloomberg data. As Bloomberg’s Ye Xie details, the tighter the conditions are, the harder it is for companies to raise capital, the higher the risk of…