Finance and Banking

List of Finance and Banking articles

Ones-And-Tooze-podcast-series-1500x1000-site (1)
Ones-And-Tooze-podcast-series-1500x1000-site (1)

Ask Adam Anything on Inflation

Ones and Tooze: Adam and Cameron answer more of your listener questions.

Chinese President Xi Jinping, surrounded by flags of African countries, gestures as he speaks at the China-Africa Leaders' Roundtable Dialogue during the BRICS summit in Johannesburg.
Chinese President Xi Jinping, surrounded by flags of African countries, gestures as he speaks at the China-Africa Leaders' Roundtable Dialogue during the BRICS summit in Johannesburg.

Can BRICS Derail the Dollar’s Dominance? 

The group’s countries share one concern—the growing use of U.S. sanctions to restrict trade and investment globally. 

Russian President Vladimir Putin greets Chinese President Xi Jinping during a welcome ceremony at the start of the 7th BRICS summit in Ufa, Russia.
Russian President Vladimir Putin greets Chinese President Xi Jinping during a welcome ceremony at the start of the 7th BRICS summit in Ufa, Russia.

Can Russia and China Breathe New Life Into BRICS?

The global south is hungry for an alternative to the Western-dominated order, but BRICS may not be up to the task.

A reflection in a window shows the silhouette of a man looking at the ocean transposed with the flags of BRICS countries (China, India, Russia, South Africa, and Brazil) during the BRICS Foreign Ministers Meeting.
A reflection in a window shows the silhouette of a man looking at the ocean transposed with the flags of BRICS countries (China, India, Russia, South Africa, and Brazil) during the BRICS Foreign Ministers Meeting.

South America Is Upping Its Bet on BRICS

Undeterred by Western pressure, a record number of countries want to join the group ahead of the annual summit.

Hands hold  the Orb, a biometric imaging device for Worldcoin, which aims to create a World ID digital passport with a tradeable cryptocurrency, in Berlin on Aug. 1. Annegret Hilse/Reuters
Hands hold the Orb, a biometric imaging device for Worldcoin, which aims to create a World ID digital passport with a tradeable cryptocurrency, in Berlin on Aug. 1. Annegret Hilse/Reuters

Sam Altman Has a Plan to Tame the AI He Unleashed

Worldcoin trades cryptocurrency for eyeball scans, creating a global ID database and scaring the willies out of privacy experts.

A man walks past the logo of the Asian Infrastructure Investment Bank at its headquarters in Beijing on June 15. Jade Gao/AFP via Getty Images
A man walks past the logo of the Asian Infrastructure Investment Bank at its headquarters in Beijing on June 15. Jade Gao/AFP via Getty Images

‘What’s the Name of the Plane? The People’s Republic of China’

The first high-profile departure from China’s Asian Infrastructure Investment Bank says it is dominated by CCP operatives and Beijing’s foreign-policy objectives.

A line of Liberian children, dressed in matching uniforms of yellow shirts and navy blue shorts, hold Chinese flags as they lean over to see farther up the road.
A line of Liberian children, dressed in matching uniforms of yellow shirts and navy blue shorts, hold Chinese flags as they lean over to see farther up the road.

Aid Is the Next Battleground Between China and the West

The global south’s debts have reached alarming levels, and Beijing is tightening the screws.

Federal Reserve Chairman Jerome Powell testifies during a Senate Banking Committee hearing on Capitol Hill in Washington, D.C.
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking Committee hearing on Capitol Hill in Washington, D.C.

Why Is It So Hard for the Fed to Curb Inflation?

Without a playbook to turn to, officials are still grasping for solutions.

Chinese President Xi Jinping, standing behind a podium, speaks at a news conference at the end of the Belt and Road Forum for International Cooperation in Beijing in 2017.
Chinese President Xi Jinping, standing behind a podium, speaks at a news conference at the end of the Belt and Road Forum for International Cooperation in Beijing in 2017.

China Is a Loan Shark With No Legs Left to Break

Beijing’s conversion into a major creditor has upended international finance—and not in a good way.

Ones-And-Tooze-podcast-series-1500x1000-site (1)
Ones-And-Tooze-podcast-series-1500x1000-site (1)

Is JPMorgan Chase Helping the Banking Industry or Itself?

This isn’t the first distressed bank that JPMorgan has stepped in to purchase—and it probably won’t be the last.

World Bank Group President David Malpass speaks at a briefing during the World Bank Group and the International Monetary Fund Spring Meetings in Washington on April 13.
World Bank Group President David Malpass speaks at a briefing during the World Bank Group and the International Monetary Fund Spring Meetings in Washington on April 13.

The World Bank Is Still Failing the Poor

Poverty alleviation in the economically weakest parts of the world will require giving the poor a real seat at the table—which the World Bank has never done.

The United States’ candidate to head the World Bank, Ajay Banga, visits an electricity plant financed by the World Bank in Yopougon, Ivory Coast, on March 7.
The United States’ candidate to head the World Bank, Ajay Banga, visits an electricity plant financed by the World Bank in Yopougon, Ivory Coast, on March 7.

The World Bank Won’t Succeed Until the West Pulls Its Weight

The development bank doesn’t have enough money to achieve its goals—unless it gets more creative with its balance sheet.

A Silicon Valley Bank logo is seen in Tempe, Arizona.
A Silicon Valley Bank logo is seen in Tempe, Arizona.

Adam Tooze: The Non-Bailout Bailout

Bad management and bad luck prompted the collapse of Silicon Valley Bank. What about other banks?

A person holds up effigies of Modi and Adani, and the Indian flag with a hand printed on it.
A person holds up effigies of Modi and Adani, and the Indian flag with a hand printed on it.

What Does the Adani Crisis Mean for India’s Growth Story?

The scandal has cast doubt on whether Modi can ensure India remains the world’s fastest-growing major economy.

Bernard Arnault, chief executive of Moët Hennessy Louis Vuitton, speaks during a visit to the new Louis Vuitton factory in Alvarado, Texas.
Bernard Arnault, chief executive of Moët Hennessy Louis Vuitton, speaks during a visit to the new Louis Vuitton factory in Alvarado, Texas.

Adam Tooze: How Macron’s Ally Became the Richest Man in the World

Bernard Arnault is the king of luxury commerce and a fixture in French politics and culture.

A picture taken on August 25, 2022 shows Egyptian pound, British pound sterling, and US dollar banknotes.
A picture taken on August 25, 2022 shows Egyptian pound, British pound sterling, and US dollar banknotes.

The IMF Has Too Many Economists for Its Own Good

The Fund's bailouts for Egypt had one big problem: they weren't designed by country experts.

Afghan money changers calculate at the currency exchange Sarayee Shahzada market in Kabul on June 29, 2015.
Afghan money changers calculate at the currency exchange Sarayee Shahzada market in Kabul on June 29, 2015.

Don’t Release Foreign Reserves to the Taliban

Unfreezing billions of dollars while huge revenues flow to Kabul risks legitimizing an extremist regime.

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