I Was Asked About J.P. Morgan’s Blockchain-Based “JPM Coin.” I Ruthlessly Expand it to Other Payment Systems by Wolf Richter • Feb 16, 2019 • 74 Comments Are banks trying to send credit-card-processing fee-gougers Visa, MasterCard et al. the way of Friendster?
Another Retail Chain Bought & Stripped Bare by Sun Capital Goes Bankrupt by Wolf Richter • Jan 17, 2019 • 97 Comments Number five in two years. Here’s the list.
US Banks Disclose Biggest Unrealized Losses on Security Investments since Q1 2009: FDIC by Wolf Richter • Dec 13, 2018 • 36 Comments The price of rising interest rates.
Subprime Rises: Credit Card Delinquencies Blow Through Financial-Crisis Peak at the 4,705 Smaller US Banks by Wolf Richter • Nov 20, 2018 • 67 Comments So what’s going on here?
Mortgage Rates May Hit 6% Sooner, as Fed Sheds Mortgage-Backed Securities, But What Will that Do to Housing Bubble 2? by Wolf Richter • Nov 14, 2018 • 116 Comments Mortgage rates are climbing faster than the 10-year Treasury yield.
Bank Shares in Mexico (and Beyond) Plunge as Incoming Government Threatens Core Business: Fee Gouging by Don Quijones • Nov 9, 2018 • 12 Comments Part of a global trend, as exasperated consumers are squealing, but no country has threatened to do what Mexico proposed.
Amid Market Rout, Decade of “Financial Repression” Ends, Capital Preservation Suddenly is a Thing by Wolf Richter • Oct 11, 2018 • 103 Comments This will dog the stock market going forward.
What Will These Mortgage Rates Do to Homeowners Trying to Refinance, Homebuyers, and Mortgage Lenders? by Wolf Richter • Sep 12, 2018 • 50 Comments Refinancing activity plunges to the lowest level since 2000.
Mattress Firm Considers Bankruptcy to Get Out of its Real Estate Scams by Wolf Richter • Aug 6, 2018 • 73 Comments This is so thick it’s hard to believe. It’s far beyond just a Brick & Mortar Meltdown.
Next Mortgage Default Tsunami Isn’t Going to Drown Big Banks but “Shadow Banks” by Wolf Richter • Jun 17, 2018 • 62 Comments As banks pull back from mortgage lending amid inflated prices and rising rates, “shadow banks” have become very aggressive.