banking system

The banking system in China is beginning to collapse, and there’s growing concern it could have a ripple effect.

AusPost may be in a position to fulfil a number of services traditionally offered by banks.

A tokenised currency would boost market efficiency, the RBA assistant governor said.

Given that the U.S. economy is at full employment and stock markets are hovering around record levels, it may only be possible to stimulate economic activity at the margins.

A debate has erupted whether the Federal Reserve Bank of New York has accumulated too much power and needs to be reigned in.

The Federal Reserve prints money to keep the economy going, or so the theory goes. In fact, most of what we consider “money” is created within the banking system. This kind of money is shrinking, and its responsible for sluggish economic growth and low employment.

China’s state owned banks’ risky credit practices endanger economic health, while their unprincipled business practices bring big profits, but harm customers and borrowers.