What’s Inside America’s Banks?

January 3, 2018

The financial crisis had many causes—too much borrowing, foolish investments, misguided regulation—but at its core, the panic resulted from a lack of transparency. The reason no one wanted to lend to or trade with the banks during the fall of 2008, when Lehman Brothers collapsed, was that no one could understand the banks’ risks. It […]

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Why banks will share your financial secrets

May 3, 2017

Your financial information, such as what you spend and where, and how often you go into debt is private. It is information only available to you and your bank. It has been like that for years, but all that is to change. Customers of nine of the biggest UK banks have received letters and emails […]

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Banks use ad hoc and arbitrary methods to keep lending rates inflated: RBI Study Group

March 3, 2017

Exposing the ad hoc manner used by banks to deviate from specified methodologies for calculating base rate and marginal cost of funds based lending rate (MCLR), a Reserve Bank of India (RBI) study group had said that banks used this to either inflate base rate or prevent it from falling in line with the cost […]

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