More skeletons in the Greek closet. No wonder banks and the finance industry are so much hated. Join discussion...

Marc Faber once said that one has to be "dumb, dumb, dumb" not to make any money as an American bank. The 'profitable' American banks are not sign of a healthy economy. Instead, it is a sign of a very sick economy. Join discussion...

If EU does not follow the same overhaul as Barrack's plan, then banks will migrate from the US to Europe. There, they will start the nonsense again. Join discussion...

If politicians threaten banks that raise mortgage rates, then banks will have to draw blood elsewhere, e.g. small business. The truth is, there is an upward pressure on interest rates due to supply/demand factors. Governments are trying to suppress the free market by forcing rates down. Join discussion...

Obama is reining in Wall Street in a populist move. But that has yet to be approved in Congress. Wall Street, in response tumble. Perhaps Wall Street is selling to put pressure more on Congress? If this theory is correct, expect to see more selling pressure in the coming days. Join discussion...

Interesting to see what the upcoming Basel II capital requirement will do to the credit tap. Join discussion...

Credt crisis brewing in China? Join discussion...

This means banks will have to be more stingy with credit to meet the more stringent capital test. Join discussion...

Brian Johnson, a leading bearish bank analyst is warning the banks. Increased regulation from APRA will curtail more lending by banks. Join discussion...

Of course, the banks will say that too much regulation may trigger a credit crunch. Join discussion...