From Promoting Economic Pluralism
A crisis of confidence in the US banking sector led people to pull their money from banks including Silicon Valley Bank and Credit Suisse, and more recently, First Republic Bank and California-based PacWest …
Digital bank runs: social media played a role in recent financial failures but could also help investors avoid panic Read More
Frances Coppola on the power of salacious rumour. On Friday 10th March, a bank died. Silicon Valley Bank’s sudden failure sent shockwaves across the world. How could an apparently sound …
Pecked to death Read More
In prepared testimony for a Senate Banking Committee hearing slated for Tuesday morning, the chair of the Federal Deposit Insurance Corporation reveals that the 10 largest deposit accounts at Silicon Valley Bank …
‘The Billionaire Bailout’: FDIC Chair Says the Biggest Deposit Accounts at SVB Held $13 Billion Read More
WASHINGTON (AP) — The United States is nominating former Mastercard CEO Ajay Banga to lead the World Bank, President Joe Biden announced on Thursday, crediting him with critical experience on global …
US nominates Ajay Banga for World Bank president Read More
(Wednesday 15th February) Today, Barclays published its annual report, where it committed to new restrictions on oil sands, following a long-term campaign from shareholders on the issue. From July, the bank will …
Barclays scales down oil sands finance following investor pressure Read More
(Wednesday 14th December) Responding to today’s announcement that HSBC, the UK’s biggest high street bank and one of the world’s biggest financers of fossil fuels, will no longer finance new …
HSBC announces it will no longer finance new oil and gas fields – ShareAction response Read More
The Coppola Column How governments could weaponise digital banking against “undesirables.” And how to prevent it. In the past 50 years, financial services have changed beyond all recognition. Not just …
Brake the bank Read More
Broken trust has to be fixed. Frances Coppola explains why there is no substitute. The foundation of human society is trust. Right from the start of their lives, humans trust …
What’s love got to do with it? Read MoreThe COVID-19 crisis is worsening inequality around the world as people fortunate enough to work remotely continue to earn a pay cheque while millions of others lose their livelihoods or risk their …
Deutsche Bank says tax remote workers to rebuild COVID economy Read More
How can we turn around the world’s financial institutions so that their creation of money serves to construct a new ecological civilisation, rather than destroys our current civilization through the …
Many hands Read More