A month ago Central 1 published a short ‘white paper’ outlining their rationale for a ‘Digital Co-op Bank‘. The publication follows quickly on the Central 1 conference and AGM in May where virtually all the presentations related to a pending digital revolution in the financial services industry. New management at Central 1 is making a […]
The Financial Consumer Agency of Canada said consumers are being ripped off, when it issued its report on bank sales practices in March. The report got far too little attention. In technocratic language it confirmed that virtually all of Canada’s banks pursue their own interests – not the interests of ordinary people. The primary finding […]
Are banks rigging the CDOR at the Bank of Canada? Several weeks ago an action was launched in New York that has potentially large consequences in Canada. The case has received little coverage outside the National Observer. The plaintiff alleges that Canada’s big banks colluded in setting the overnight rate at the Bank of Canada […]
I recently stumbled upon two branches of the Apple Bank in New York. I wondered if this was the extension of ‘Apple Pay’. I was challenged to think about a potential ‘Google bank’ and what that might mean. (Just to be clear, I later learned that the Apple Bank in NYC has nothing to do […]
The last few decades have seen a huge change in the ‘structure’ of our economy. Rana Foroohar provides an accessible overview of the USA economy in her book Makers and Takers. She notes that over the last thirty years finance, and financial engineering, have come to dominate the world of business and traditional ‘maker’ industries, […]