Truthdig - Tag - Financial Services Industry

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Tag: Financial Services Industry

Randy Le'Moine Photography (CC BY-ND 2.0)

2012: Bonuses for the Bull

While profits tripled and layoffs commenced in the banking industry last year, Wall Street divided at least $20 billion in gifts made of cash and stock among its employees.

Posted on Feb 26, 2013 READ MORE

walknboston (CC BY 2.0)

How the Rentier Class Cannibalizes the Economy

By Michael Hudson, ISLET —

Rather than mobilizing savings to fund new industries, the banking system that comprises the financial, insurance and real estate sectors merely loads the economy down with debt.

Posted on Jan 11, 2013 READ MORE

JoshuaDavisPhotography (CC BY-SA 2.0)

Wrongful Foreclosure Settlement Not Enough, New York Times Says

The editors at The New York Times are not impressed with the deal struck between the government and major banks to provide borrowers with $8.5 billion in aid.

Posted on Jan 9, 2013 READ MORE

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