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News AnalysisThe Chinese Communist Party (CCP) is launching investigations into the financial industry, triggered by a looming debt crisis and under the guise of anti-corruption. These investigations appear to be an indication that China is moving further from a market economy, while they also serve Xi Jinping’s personal goal of solidifying his power.China’s top anti-corruption agency is conducting an investigation into 25 financial institutions, examining ties between state-owned banks and big companies. In particular, Chinese regulators are scrutinizing the relationship that financial institutions have with high-profile companies with massive debt, like Evergrande, and those that have fallen out of favor...

The Great Recession of 2008 and 2009 started with a bottoming out of the stock market, which eventually led to the loss of millions of jobs, and trillions of dollars of wealth throughout the country. This devastating crash was the risky gambling brought by a severely under-regulated financial system, and the entire country suffered as a consequence. Although it lost about 50 percent of its value during the recession, the S&P 500 rose 166 percent during Obama’s presidency. Since Donald Trump’s election on November 8, the Dow Jones has had a record rise of almost 3,000 points, topping the 21,000...

The Obama administration is ironing out the details of dictating compensation across the financial services sector, even at banks who have NOT received the burdensome TARP funds. Once done with the financial services sector, will Obama move on to dictating terms across the entire private sector?

Financial Job Losses May Double to 350,000 by 2009 (Update1)

The bankers' version of the old adage about the profits to be had in China is experiencing a revival among foreign financial services firms: Colossal profits await if only every Chinese household would borrow for a home or auto purchase, buy home and life insurance, and invest in mutual funds, retirement accounts, and college tuition savings plans. True, China's financial industry is undergoing ambitious liberalization as a result of the country's World Trade Organization (WTO) commitments and broader internal reform. But it is just as true that China's opening will not spell instant profits for foreign companies, as the pace...