Albert Brenner: ‘Überizing; The Democratizaion of Usury’

When caught in a current, it is always prudent to swim with the current, but to the side – to exit. The great Banking Crisis has, once again, shown that simply swimming with, or against, the current is all for … Read the rest

Russia’s two largest banks plan SWIFT alternative

The two biggest banks in Russia, Sberbank and VTB, are in talks to create an alternative to the SWIFT global system for interbank financial communications, VTB head Andrey Kostin said.

According to Kostin, Russia has two options: either use the … Read the rest

US mortgage applications remain weak despite rising home prices

Fierce bidding wars for homes in the nation’s capital are slashing applications from borrowers interested in taking out a purchase mortgage, an industry group said Wednesday.

Around the country, rising mortgage rates over the past year have cut applications for … Read the rest

Goldman Sachs profits double on investment gains, lower tax rate

Goldman Sachs Group Inc (GS.N) said quarterly profit doubled, boosted by investment gains and a lower tax rate.

Goldman’s investing and lending segment, which tracks its investments in private equity deals, publicly traded stocks, loans and bonds, produced nearly seven … Read the rest