Questions tagged [banking]
The banking tag has no usage guidance.
13
questions
3
votes
3answers
425 views
Why did the U.S. bail out the banks instead of the people owing the mortgage payments?
Why did the U.S. bail out the banks instead of the people owing the mortgage payments? Is it because it would have cost more money to bail out the people, or is it for some other political reasons? ...
2
votes
1answer
593 views
How many financial centres are to be created in the EU?
In the The Financial Times article UBS chairman Axel Weber assesed that
the division of Europe is a massive benefit to the City of London because if Europe were united the impact ... of Brexit would ...
28
votes
7answers
5k views
Has any government throughout history banned foreign currencies?
Has any government throughout history banned foreign currencies? It happened in Zimbabwe in 2019 for example. How about other countries?
I'm also interested in broader answers, like governments ...
27
votes
2answers
6k views
Why are Amex fees allowed in the European Union?
As I was reading this answer on Travel SE, and more specifically this part:
In one hotel in London I had to pay 3% extra for using Amex instead of Visa/MC.
I started reading some more about this ...
9
votes
1answer
419 views
Brexit, EU tax evasion regulation, and the City of London
Articles (such as this one published by Foreign Policy and this one by BBC) and documentaries (such as 2017 film "The Spider's Web" described here) detail the history and extent of Britain’s "Empire ...
3
votes
1answer
168 views
How does INSTEX work, and why won't it work?
After the US withdrew from the JCPOA, it threatened criminal and/or financial action against entities which trade with Iran (with some limited exemptions). This made the SWIFT society drop Iranian ...
34
votes
8answers
10k views
How do governments keep track of their issued currency?
If a government issues currency and it ends up in bank accounts abroad, what stops banks from making a 'mistake' during a transfer, accidentally duplicating the currency?
Is there some central ...
1
vote
3answers
287 views
Why do contactless payments without pin code seem to be regulated at national level rather than at bank / customer level?
I have recently checked if I am able to change my contactless without pin limit and realized that this is not an option. So I quickly checked for other countries and it seems to be set by national ...
7
votes
3answers
2k views
What does “breaking up” a company mean?
Oversimplify it for me, what does "breaking up" a company mean when used commonly among politicians? What would a broken up wells fargo look like? Google? Is there historical legislation doing this, ...
1
vote
0answers
57 views
What is the rationale of capping interbanking rates to values significantly lower than inflation rate?
Romania’s finance ministry announced some sort of "tax on greed" for banking sector:
Romania’s finance ministry plans to introduce a tax on banking assets
from 2019, seeking to cap the interbank ...
4
votes
0answers
272 views
What was the largest case of fraud involving TARP money (financial crisis bailout funds)?
There were hundreds of convictions for misusing TARP money given as bailout after the 2008 financial crisis.
The US government set up the Troubled Asset Relief Program (TARP) in October 2008 to buy ...
2
votes
0answers
55 views
How far up the banks' hierarchy did the LIBOR rigging convictions (and prosecutions) go?
It's been reported that a number of bank personnel were convicted for LIBOR rigging, although quite a few more were acquitted.
Barclay's CEO and chairman both resigned following the scandal, but ...
12
votes
2answers
2k views
How can Switzerland maintain a banking system which is almost unaccountable to the rest of the world?
The term "Money in the Swiss Banks" is used as a synonym to monetary corruption (black-money, money laundering, offshore wealth, and so on).
Indian black money in Swiss banks
$200bn of Pakistan in ...
