England’s housing strategy will consume our entire carbon budget by 2050 – there are alternatives, but they face political and economic barriers.
Wet'suwet'en Chief Madeek reacts with his middle finger to protest the Royal Bank of Canada’s funding of the Coastal GasLink pipeline and other fossil fuel investments in Toronto in April 2022.
THE CANADIAN PRESS/Nathan Denette
Sen. Rosa Galvez has called for ambitious and coherent government intervention to address the risks financial institutions pose to climate. Here’s why Canadians must rally around her.
Left to right: Ben Bernanke, Douglas Diamond and Philip Dybvig.
The Nobel Foundation
Until Diamond and Dybvig published key papers in the early 1980s, it wasn’t well understood that perfectly healthy banks could be brought down by panicking depositors.
Central Bank of Nigeria, Ibadan zonal office.
Wikimedia Commons
There are a number of reasons why Ghana’s domestic borrowing is more expensive than foreign debt.
The Canada Infrastructure Bank was founded in 2017 by the Liberal Party to support revenue-generating infrastructure projects through public-private partnerships.
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Rather than underwriting private interests and the privatization of public services, the Canada Infrastructure Bank can build a better democratic institutional legacy.
Here are the threats being faced by banks, companies and investment funds.
Russians in Moscow and elsewhere flocked to ATMs to withdraw cash, fearful that the ruble will plunge further due to Western sanctions.
AP Photo/Victor Berzkin
By working with allies, the Biden administration has been able to place severe sanctions on Russia – including targeting Putin’s inner circle and banning banks from SWIFT.
The price of used cars has soared during the pandemic.
AP Photo/Matt Rourke
The Reserve Bank’s Term Funding Facility was meant to support lending during COVID. Instead the funds might be ending up in the accounts of bank shareholders.
Biden directed regulators to find ways to limit bank mergers.
AP Photo/Andrew Harnik
A handful of banks now dominate the US financial sector. This consolidation has resulted in higher costs for consumers and small businesses and put the economy at greater risk of a financial crisis.
Chatbots can be utilised to enhance customer experience.
PIUS UTOMI EKPEI/AFP via Getty Images
It isn’t just the effects of climate change that could destabilize the financial system, it’s also fossil fuel assets losing value. The good news is that central banks can fix it.
Bank buildings rise above the business district of Lagos. Banks must effectively communicate the impact of their engagement with women.
Tim Graham/Getty Images
Banks should consider and integrate women empowerment principles into their corporate social responsibility initiatives.
It’s time to acknowledge the varied forms of co-operativism, mutual aid, self-help groups and ROSCAs that are important to the vitality of civic life.
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Thousands of racialized women around the world run mutual aid co-ops to help each other and develop their communities.
Public banks around the world are working towards the public good during COVID-19. The Canada Infrastructure Bank, however, seems focused on privatizing critical public services instead of ensuring vital infrastructure across the country is built or maintained, like this project to repair the
bridge spanning the Halifax harbour in 2017.
THE CANADIAN PRESS/Andrew Vaughan
Canada doesn’t have many public banks. The best known, the Canada Infrastructure Bank, seems intent on privatizing critical public services instead of working towards the public good.
Yes, the bank would effectively pay you to borrow money. But negative interest rates won’t please savers, nor will they meet the big challenges of economic recovery.