As an investment bank, commodities trader and operator of toll roads, Australia’s Macquarie Group has inserted itself into most of our lives. A new book outlines some of the questionable tactics that took it to the top.
Thousands of banks failed in the Great Depression.
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Crises fueled by bank runs, starting with the Great Depression, have had something in common: Unexpected changes spur bank failures, followed by general panic and then large-scale economic distress.
A real payload.
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The failure of Silicon Valley Bank has raised questions about some of the consequences when the government steps in to protect the depositors of troubled banks.
Silicon Valley Bank, the sixteenth-largest bank in the U.S., collapsed on March 10, 2023 after customers tried to collectively withdraw $42 billion in a single day.
(AP Photo/Jeff Chiu)
The collapse of Silicon Valley Bank serves as a reminder of the importance of robust risk management, sound regulatory oversight and effective liquidity management.
The U.S. Federal Deposit Insurance Corporation seized the assets of Silicon Valley Bank on March 10, 2023, marking the largest bank failure since Washington Mutual during the height of the 2008 financial crisis.
(AP Photo/Jeff Chiu)
Before the Commerce Commission investigates the banking industry, we should remember there are good reasons for the way the sector is set up – and the Reserve Bank is at the heart of it. .
People queue outside a bank in Lagos on February 22, 2023. Nigeria was hit with a scarcity of cash after the central bank began to swap old Naira notes for new bills.
Patrick Meinhardt / AFP
The Free Alberta Strategy is in fact a road map for Alberta sovereignty, touching on the most essential compartment of sovereignty — banking and currency.
Nigerian president Muhammadu Buhari and Godwin Emefiele, the governor of the Central Bank of Nigeria, present the redesigned banknotes in Abuja.
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For a country that aspires to reduce bureaucracy and liberalise its financial sector, currency redesign and cash withdrawal limits can only be counter-intuitive.
In particular, visible tattoos can be negatively perceived when interviewing for a customer-advisor position.
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The government wants to make UK finance more competitive after the damage caused by Brexit.
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.
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.
The growth of Islamic banks provides Muslims living in North America with options that reflect their beliefs.
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Shariah law informs financial contracts and credit systems, and the growth of Islamic financing options provides an alternative to current debt-based banking systems.
A lot of African countries have implemented taxes on electronic transactions.
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