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1 SOCIALLY USELESS? - Institute of Economic Affairs
https://iea.org.uk/wp-content/uploads/2018/02/Socially-Useless-f1-web.pdf
Banks could involve themselves in money transmission alone. (narrow banking), without being involved in lending money to businesses and other households.
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2 Financial Services Authority chairman backs tax on 'socially ...
https://www.theguardian.com/business/2009/aug/27/fsa-bonus-city-banks-tax
Financial Services Authority chairman backs tax on 'socially useless' banks ... The government's top financial regulator last night backed radical ...
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3 Socially Useless? The Crucial Contribution of Finance to ...
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3853681
by P Booth · 2018 · Cited by 1 —
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4 FSA chief in favour of tax on 'socially useless' banks - France 24
https://www.france24.com/en/20090827-fsa-head-favour-tax-socially-useless-banks-
› 20090827-fsa-head-favour...
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5 Why do bankers work so hard and yet are called 'socially ...
https://www.quora.com/Why-do-bankers-work-so-hard-and-yet-are-called-socially-useless-by-the-top-regulator
Let us first understand what is the role of the investment banking business. ... Why do bankers work so hard and yet are called "socially useless" by the ...
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6 Socially Useless? The crucial contribution of finance to ...
https://trends.ufm.edu/wp-content/uploads/2017/11/socially-useless-finance.pdf
The idea of the financial sector being “socially useless” was popularized by ... include bank loans and securities and encapsulate the intermediaries' role ...
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7 1 15-4. Lord Adair Turner: socially useful and socially useless ...
https://www.pauljorion.com/stewardship-of-finance/wp-content/uploads/2015/04/College-09-03-2015_-Turner-useful-and-useless-financial-activities.pdf
Illustrations given in my lecture on socially useful and socially useless financial activities were borrowed from the two following speeches: What do banks ...
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8 Much of what investment bankers do is socially worthless (2010)
https://news.ycombinator.com/item?id=6845002
Still, I don't think all bankers are socially worthless. They help to create confidence in the banking system and in finance in general.
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9 Banks must help businesses create jobs or become 'socially ...
https://www.independent.co.uk/news/business/news/banks-must-help-businesses-create-jobs-or-become-socially-useless-says-bank-chief-mark-carney-8751490.html
Banks risk becoming socially useless unless they focus on the real economy and help businesses invest and create jobs, Bank of England ...
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10 British Bankers: Let's Leave 'Social Good' To The Church
https://www.businessinsider.com/uk-head-of-financial-watchdog-bankers-are-stupid-useless-to-humanity-2009-9
The head of the FSA, UK's financial watchdog, called bankers ”socially useless” at a posh event event in London.
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11 Why Banks Are Socially Useless - International Brotherhood of ...
https://teamster.org/2010/11/why-banks-are-socially-useless-0/
› 2010/11 › why-banks-are-socially...
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12 Carney tells banks to end 'socially useless' activities - BBC News
https://www.bbc.com/news/av/business-23627515
The governor of the Bank of England has called for a cultural change in financial institutions and an end to activities he deemed, "socially useless".
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13 Financial Reform Newsletter: Socially Useless Activities at Wall ...
https://bettermarkets.org/newsroom/financial-reform-newsletter-socially-useless-activities-wall-streets-taxpayer-backed-too/
Unleashing Goldman Sachs & Socially Useless Activities at Wall Street's Taxpayer-Backed Too-Big-to-Fail Banks The handful of uniquely dangerous ...
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14 Turner Plan on 'Socially Useless' Trades Make Bankers See ...
https://www.bloomberg.com/news/articles/2010-01-08/turner-plan-on-socially-useless-trades-make-bankers-see-red
Turner Plan on 'Socially Useless' Trades Make Bankers See Red ... 9, Brown's government imposed a temporary 50 percent levy on bank bonuses, ...
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15 Banks are “socially useless” - Tax Research UK
http://www.taxresearch.org.uk/Blog/2009/08/27/banks-are-socially-useless/
"I think some of it is socially useless activity," he said, ... Lord Turner said the FSA would push banks to defer more bonuses and to pay ...
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16 Bankers detached from the real world are 'socially useless'
https://www.dailymail.co.uk/news/article-2386718/Mark-Carney--Bankers-detached-real-world-socially-useless.html
New Bank of England boss Mark Carney today slammed self-obsessed bankers detached from reality have become 'socially useless' and must ...
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17 Carney slams 'socially useless' banks that have lost their way
https://www.thetimes.co.uk/article/carney-slams-socially-useless-banks-that-have-lost-their-way-p05hkq80jqc
The new Governor of the Bank of England warned today that there had to be a change in the culture of “socially useless” banks that become ...
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18 Social usefulness and banking bosh | Financial Times
https://www.ft.com/content/fd9e2f7c-9808-11de-8d3d-00144feabdc0
Lord Turner's remarks that bankers may perhaps have been engaged in “socially useless” economic activity have clearly stung some in the City.
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19 Fixing Nigeria's 'socially useless' banks - Vanguard News
https://www.vanguardngr.com/2016/02/606518/
To counter “socially useless” banks and to enable government more firmly control and benefit from forex transactions, the Tobin tax (named ...
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20 Socially Useless Jobs - Dur - 2019 - Wiley Online Library
https://onlinelibrary.wiley.com/doi/10.1111/irel.12227
What Explains the Existence of Socially Useless Jobs? ... bankers engaged in marketing and legal offices, finance, and investment banking.
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21 Socially Useless - DidYouKnow.Org
https://didyouknow.org/socially-useless/
Actually, since the banking crisis any one or all of these terms have been accredited to the bankers. But the phrase to aptly sum up the banks actions was made ...
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22 Mark Carney Urges Banks To Be Socially Useful And Help ...
https://www.huffingtonpost.co.uk/2013/08/08/carney-banks-socially-useful_n_3723795.html
Banks must help businesses invest and create jobs otherwise they risk being socially useless, Bank of England governor Mark Carney has ...
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23 Taxing incompetent banks won't fix them - Prospect Magazine
https://www.prospectmagazine.co.uk/magazine/taxing-incompetent-banks-wont-fix-them
Bankers have been awesomely incompetent and the financial system is broken. ... as Turner suggests, “socially useless activity.”.
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24 The Bosses' Response to Being Socially Useless is Social Crisis
https://leftcom.org/en/articles/2022-03-19/the-bosses-response-to-being-socially-useless-is-social-crisis
The Bosses' Response to Being Socially Useless is Social Crisis ... With the inflation spike of commodities, the Bank of Canada is in a ...
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25 Socially Useless Jobs - Tinbergen Institute
https://papers.tinbergen.nl/18034.pdf
We also explore possible causes of socially useless jobs, including bad ... legal offices, finance, and investment banking.
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26 Money is a Social Relation - jstor
https://www.jstor.org/stable/29769872
by G Ingham · 1996 · Cited by 473 —
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27 socially useless activity | English examples in context | Ludwig
https://ludwig.guru/s/socially+useless+activity
Lord Adair Turner, the very clever FSA chairman, who condemned "socially useless" banking activities last year, is doing the same today when he says it may ...
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28 Banking and society in nineteenth-century Britain ...
http://irep.ntu.ac.uk/id/eprint/30018/
Banking and society in nineteenth-century Britain: contemporary perspectives on 'socially useless' and 'socially useful' banking.
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29 Social Aims of Finance
https://bankinghistory.org/wp-content/uploads/EABH36-Social-Aims-Book-AW-Web.pdf
Keys to financial success of socially oriented banks ... fore, criticism on finance providing socially useless services it likely to con-.
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30 Monthly Reflections Blog: Socially useless banks? Mark Carney ...
https://www.warrenpartners.co.uk/blog/post/2013-09-13-monthly-reflections-blog-socially-useless-banks-mark-carney-endorses-our-systemic-approach
Monthly Reflections Blog: Socially useless banks? Mark Carney endorses our systemic approach ... I was really struck by the language Mark Carney used at the press ...
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31 EBA alerts on the detrimental impact of unwarranted de ...
https://www.eba.europa.eu/eba-alerts-detrimental-impact-unwarranted-de-risking-and-ineffective-management-money-laundering-and
The European Banking Authority (EBA) published today its Opinion on the ... economic and social life and de-risking, when unwarranted, can.
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32 Mario Draghi: Central bank independence
https://www.bis.org/review/r181029d.htm
Oct 29, 2018 —
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33 Triodos Bank UK on Twitter: "Bevis Watts "Banking remains socially ...
https://twitter.com/triodosuk/status/725699857713881088
Bevis Watts "Banking remains socially useless - what we're trying to do is deliver a more sustainable banking model" #workofart.
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34 Goldman Sachs Admits: 'Some of Our Innovations Are Socially ...
https://seekingalpha.com/article/160842-goldman-sachs-admits-some-of-our-innovations-are-socially-useless
Goldman Sachs Admits: 'Some of Our Innovations Are Socially Useless' ... last month when he questioned the social value of much investment banking activity.
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35 Is Your Business Useless? - Harvard Business Review
https://hbr.org/2009/10/how-useless-is-your-business
Those are the costs of the various bailout packages for socially useless banks. Socially useless business is what has created a global economy ...
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36 Icap's Spencer 'genuinely offended' by Turner's 'socially ...
https://www.fnlondon.com/articles/icaps-spencer-genuinely-offended-by-turners-socially-useless-claim-20091201
Bank of England to receive more funding to attract better candidates. ... much of banking was socially useless I was genuinely offended.
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37 Philosophy of Money and Finance
https://plato.stanford.edu/entries/money-finance/
However, others argue that the realization that money is socially ... of banks) or financial markets (such as stock or bond markets).
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38 1 The Complementary Roles of Human and Social Capital ...
https://www.oecd.org/innovation/research/1825424.pdf
by T Schuller · Cited by 460 —
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39 Banking in the early stages of industrialization a preliminary ...
https://www.tandfonline.com/doi/pdf/10.1080/03585522.1963.10414345
by R Cameron · 1963 · Cited by 22 —
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40 Does Finance Benefit Society? | Chicago Booth Review
https://www.chicagobooth.edu/review/does-finance-benefit-society
› review › does-finance-...
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41 Nearly 1 In 10 Workers Admits Their Job Is Socially Useless
https://money.com/socially-useless-jobs/
Those most likely to call their job useless: Interior decorators, photographers, and chefs. Firefighters, cops and nurses are least likely.
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42 Agriculture Finance & Agriculture Insurance - World Bank
https://www.worldbank.org/en/topic/financialsector/brief/agriculture-finance
› financialsector › brief › a...
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43 Definancialisation: A democratic reformation of finance - IPPR
https://www.ippr.org/publications/definancialisation-a-democratic-reformation-of-finance
... for rolling back the socially useless aspects of modern finance ... For example, the balance sheet of the UK banking sector grew from 40 ...
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44 Dimon rips Fed stress test as 'terrible way to run' financial ...
https://www.cnbc.com/2022/07/14/jamie-dimon-rips-fed-stress-test-as-terrible-way-to-run-financial-system-.html
› 2022/07/14 › jamie-dimon-rip...
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45 The future of operational-risk management in financial services
https://www.mckinsey.com/business-functions/risk-and-resilience/our-insights/the-future-of-operational-risk-management-in-financial-services
› our-insights › the-future-o...
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46 Economic and social effects of financial liberalization
https://www.un.org/en/ecosoc/meetings/2005/docs/Ghosh%202.pdf
› ecosoc › meetings › docs
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47 How Does Excessive Debt Hurt an Economy?
https://carnegieendowment.org/chinafinancialmarkets/86397
This is especially the case in economies in which the banking system ... Falling government spending on the military, the social safety net, ...
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48 Global Risk 2021: Building a Stronger, Healthier Bank | BCG
https://www.bcg.com/publications/2021/embracing-change-post-pandemic-in-the-banking-industry
› publications › embracing-chang...
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49 What Is Money? Definition, History, Types, and Creation
https://www.investopedia.com/insights/what-is-money/
Above all, money is a unit of account - a socially accepted standard unit with ... In the United States, Federal Reserve Banks distribute new currency for ...
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50 Adam Smith's Theory of Money and ... - Krieger Web Services
https://sites.krieger.jhu.edu/iae/files/2017/04/Curott_Smiths_Theory.pdf
demand, and the extra money beyond this quantity is a useless excess that lies ... 15 Smith's description of banking as an emergent, self-regulating social ...
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51 Socially Useless Jobs - IDEAS/RePEc
https://ideas.repec.org/p/tin/wpaper/20180034.html
Downloadable! It has been claimed that many workers in modern economies think that their job is socially useless, i.e. that it makes no or a negative ...
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52 Strengthening the Regulation and Oversight of Shadow Banks
https://www.americanprogress.org/article/strengthening-regulation-oversight-shadow-banks/
And many families are not close to fully recovering economically. ... distress would render the designation authority useless and, in fact, ...
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53 World Bank - Wikipedia
https://en.wikipedia.org/wiki/World_Bank
› wiki › World_Bank
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54 Too Big to Fail and Socially Useless - The Wall Street Journal
https://www.wsj.com/video/too-big-to-fail-and-socially-useless/A9DA0E6A-FC38-44A9-9BBB-93F1CC9035AF.html
› video › too-big-to-fail-and-sociall...
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55 Executive order does not usher in cashless society | AP News
https://apnews.com/article/fact-check-executive-order-research-digital-currency-690632388609
› article › fact-check-executive-ord...
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56 How artificial intelligence affects financial consumers
https://www.brookings.edu/research/how-artificial-intelligence-affects-financial-consumers/
› research › how-artificial-i...
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57 Why Do People Save in Cash? Distrust, Memories of Banking ...
https://www.bundesbank.de/resource/blob/634980/3427a87e51ff1be1eb657ef99849b494/mL/2012-02-27-eltville-04-stix-paper-data.pdf
Keywords: Cash demand, trust in banks, social capital, past banking crisis ... local currency in circulation as measured by monetary statistics is a useless.
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58 What Good Is Wall Street? | The New Yorker
https://www.newyorker.com/magazine/2010/11/29/what-good-is-wall-street
Much of what investment bankers do is socially worthless. ... on Wall Street and in other financial centers as “socially useless activity”—a ...
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59 Corporate Overview - PNC Bank
https://www.pnc.com/en/about-pnc/company-profile/corporate-overview.html
› about-pnc › company-profile
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60 Samu Slotte auf LinkedIn: Clearly I'm useless at taking selfies ...
https://ch.linkedin.com/posts/samuslotte_clearly-im-useless-at-taking-selfies-but-activity-6978664970104258560-rn4f
Clearly I'm useless at taking selfies but I have to share this one as the ... We're a world-leading, socially responsible bank, and our Annual Report and ...
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61 Improving Customer Experience in Banking is Useless if ...
https://www.finextra.com/blogposting/20337/improving-customer-experience-in-banking-is-useless-if-these-7-blind-spots-exist
› latest blogs
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62 Is the Fed Deadly, Life-Saving, or Just Useless?
https://fee.org/articles/is-the-fed-deadly-life-saving-or-just-useless/
› articles › is-the-fed-deadly-life-saving-...
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63 The Social Economy of Saving in the United States, 1816-1914
https://academiccommons.columbia.edu/doi/10.7916/D8GB2BFJ/download
letting it lie useless." For both groups, the ability to pay a regular guaranteed interest on a demand deposit made savings banks "almost the only remedy.
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64 Casting Light on Central Bank Digital Currency - IMF
https://www.imf.org/-/media/Files/Publications/SDN/2018/SDN1808.ashx
by T Mancini-Griffoli · Cited by 224 —
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65 THE PURSUIT OF "SOCIALLY USEFUL BANKING" IN TWENTY ...
http://heinonline.org/hol-cgi-bin/get_pdf.cgi?handle=hein.journals/notnghmlj22§ion=8
role of religion in articulating concerns about "socially useless banking" during the nineteenth century. This is supported by primary research including ...
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66 Banking on green: financial service firms use tech to nurture a ...
https://news.microsoft.com/europe/features/banking-on-green-financial-service-firms-use-tech-to-nurture-a-more-sustainable-planet/
› Home › Features
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67 Financing Useless Projects
https://odg.cat/wp-content/uploads/2014/07/financiang_useless_projects_-_the_debts_of_castor_project_eng.pdf
Useless Projects. The debts of Castor Project ... The irresponsible activities of major banks and the ... contracts with abusive clauses) and whose social.
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68 Fraud Is Flourishing on Zelle. The Banks Say It's Not Their ...
https://www.nytimes.com/2022/03/06/business/payments-fraud-zelle-banks.html
“Every response I got was useless.” After The New York Times contacted Bank of America about Mr. Barth's case, it refunded him. Bill Halldin, a ...
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69 GUEST COMMENT: It's OK, you are not socially useless ...
https://www.efinancialcareers.co.uk/news/2009/09/guest-comment-its-ok-you-are-not-socially-useless
Thousands of global open positions in financial services, investment banking, fintech and more. Browse news and career advice from the finance industry.
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70 REVIEW ESSAY Bank Failure: The Politicization of a Social ...
https://core.ac.uk/download/pdf/72828406.pdf
The second obstacle to reform stems from lack of understanding about the economic underpinnings of the banking crisis. Banks fail for the same reasons other ...
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71 “HOW YOUR CREDIT UNION MAY BE WASTING DOLLARS ...
https://www.ailife.com/PDFs/CU/American/2014-02%20February%202014.pdf
UNION MAY BE WASTING DOLLARS ON USELESS MARkETING.” ... Banks and credit unions both receive high marks for ... economically disadvantaged children.
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72 Socially Useful Banking and Finance, at Macro as well as ...
https://ebrary.net/95704/sociology/socially_useful_banking_finance_macro_well_micro_levels
Socially useless” banking needs to be replaced by “socially useful” banking. Women have a lot of experience with the creation of small-scale, self-organized ...
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73 The Economic Appraisal of Investment Projects at the EIB
https://www.eib.org/attachments/thematic/economic_appraisal_of_investment_projects_en.pdf
› attachments › economic_appr...
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74 Amber zone in new P&L test 'almost useless', say banks
https://www.risk.net/regulation/5725531/amber-zone-in-new-pl-test-almost-useless-say-banks
A senior modelling expert at a global investment bank describes the amber zone as “almost useless”. “The way the amber zone is calibrated right ...
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75 Feel like you have a socially useless job? You're not alone
https://www.smh.com.au/business/small-business/feel-like-you-have-a-socially-useless-job-you-re-not-alone-20190110-p50qj4.html
One is that some of us are stuck in jobs we find harmful to society. While the researchers point their fingers at the banking and insurance ...
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76 PayPal CEO Wants to Cut 'Antiquated' Bank Fees and Wait ...
https://time.com/6132715/dan-schulman-ceo-paypal-interview/
Dan Schulman talks about putting his social justice goals into ... the banking system spend about $140 billion on unnecessary fees and high ...
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77 Banking 2025: The rise of the invisible bank - American Banker
https://www.americanbanker.com/news/the-rise-of-the-invisible-bank
Digital banking will become less visible because it will be embedded in other ... trust these types of apps to give you insights, which makes this useless.
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78 “Socially Useless” – Mother Jones
https://www.motherjones.com/kevin-drum/2009/08/socially-useless/
› kevin-drum › 2009/08
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79 Untitled - Vallstein
https://www.vallstein.com/PAGES/DownloadDocument.aspx?ID=11215
between a corporate banking client and its ... individual banks with a fair Share of Wallet, and ... banks being involved in "socially useless activity".
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80 City is too big and socially useless, says Lord Turner
https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6096546/City-is-too-big-and-socially-useless-says-Lord-Turner.html
› finance › banksandfinance
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81 What Exactly is Full Reserve Banking? - Positive Money
https://positivemoney.org/2011/07/what-exactly-is-full-reserve-banking-2/
Indeed there are some economists that have pronounced that full reserve banking is useless for precisely this reason… but they are mistaken and here's why:.
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82 Investment Banking Hours: What to Expect and Why You Work ...
https://mergersandinquisitions.com/investment-banking-hours/
But every few years, a new controversy goes viral on social media, and the world at large says, “Wait, do you really work that much in investment banking?
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83 Goodhart's law - Oxford Reference
https://www.oxfordreference.com/view/10.1093/oi/authority.20110803095859655
... and other aspects of business are obvious. From: Goodhart's law in A Dictionary of Finance and Banking ». Subjects: Social sciences — Economics ...
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84 This is our chance to completely redefine the meaning of work
https://www.weforum.org/agenda/2019/01/this-is-our-chance-to-redefine-the-meaning-of-work/
We dream of the stars, then end up doing 'socially useless' jobs Image: ... He adds: “I'm not saying all banking jobs are useless, ...
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85 Chime Reviews - Deposit Accounts
https://www.depositaccounts.com/banks/reviews/chime.html
› Banks › Chime
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86 Regulatory Failure - Examples - Understanding Regulation
https://www.regulation.org.uk/ob-regulatory_failure-examples.html
More regulation was needed - of the new inter-linked non-banks banks. ... real economy - remains entangled with dangerous and socially useless speculation.
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87 Mystery of Banking.pdf - Satoshi Nakamoto Institute
https://nakamotoinstitute.org/static/docs/the-mystery-of-banking.pdf
BANKING. The Mystery of. Ludwig von Mises Institute. Auburn, Alabama ... of the money supply was socially useless; any M is as good at per-.
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88 the crypto industry's continuing efforts to avoid regulation
https://blogs.lse.ac.uk/businessreview/2021/10/13/unnecessary-complexity-the-crypto-industrys-continuing-efforts-to-avoid-regulation/
'Unnecessary complexity': the crypto industry's continuing efforts to ... to deter socially destructive actors without stifling innovation.
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89 Despite calls for change, Canada's RBC is one of world's top ...
https://www.cbc.ca/news/business/canada-banks-fossil-fuels-report-1.5960845
› news › business › canada-banks-f...
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90 Improving health through participation: time banks as a site for ...
https://timebanking.org/wp-content/uploads/2020/05/Improving-healthcare-through-participation.pdf
by L Gregory · 2012 · Cited by 19 —
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91 How Too Much Regulation Hurts America's Poor - Forbes
https://www.forbes.com/sites/adammillsap/2019/07/23/how-too-much-regulation-hurts-americas-poor/
The result is fewer banking options for low-income households which ... to reduce unnecessary regulation and Idaho is in the process of ...
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92 Mervyn King: “The Bank of England made a terrible mistake”
https://www.newstatesman.com/encounter/2022/10/mervyn-king-the-bank-of-england-made-a-terrible-mistake
› encounter › 2022/10
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93 Wells Fargo Banks on Recovery - Harbert College of Business
https://harbert.auburn.edu/binaries/documents/center-for-ethical-organizational-cultures/cases/wells-fargo.pdf
› documents › cases
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94 ADAM SMITH'S THEORY OF MONEY AND BANKING
https://www.cambridge.org/core/journals/journal-of-the-history-of-economic-thought/article/adam-smiths-theory-of-money-and-banking/0840B6745CD15A49169A481CDE184C4E
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95 Banks and bankers should not become 'climate police' to ...
https://www.foxbusiness.com/markets/banks-bankers-climate-police-satisfy-outrageous-esg-demands
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96 Guidelines on Information Security, Electronic Banking ...
https://rbidocs.rbi.org.in/rdocs/content/PDFs/GBS300411F.pdf
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97 Banking in Canada | The Canadian Encyclopedia
https://www.thecanadianencyclopedia.ca/en/article/banking
Banking is a financial process carried out by an institution that accepts deposits, ... much of it in worthless ordinances issued by Bigot.
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98 Poverty, Social Exclusion and Health Systems in the WHO ...
https://www.euro.who.int/__data/assets/pdf_file/0004/127525/e94499.pdf
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