Tag Archives: another

Another Bank Says Its Credit Cards Can’t Be Used to Buy Bitcoin

The U.K. banking group Lloyds has banned its customers from using their credit cards to buy bitcoin and other cryptocurrencies. The move comes just a couple days after U.S. banks—from Bank of America and J.P Morgan to Citigroup, Discover and Capital One—told their customers not to buy virtual coins on credit. “Across Lloyds Bank, Bank of Scotland, Halifax and MBNA, we do not accept ... Read More »

US banks not prepared for another financial crisis, say federal regulators

Some of the US’s biggest banks still lack a proper plan for bankruptcy, in the event of another major financial crisis, US regulators said on Wednesday. In the wake of the great recession banks were required to come up with “living wills” to prove they had a credible plan for bankruptcy that would not require another bailout from the taxpayers. ... Read More »

Opinion: This is why you can expect another global stock market meltdown

This story is part one of ‘Crash Course,’ a five-part series from commentator Satyajit Das on threats to investors in the current market climate. Coming on Monday: The destructive impact of excessive debt. The mispricing of assets across world markets has reached epidemic proportions. Stock prices have made strong advances over the past several years, yet market analysts see further ... Read More »