There are 23 black banks today — far fewer than during segregation, when they were the only option for many African Americans ... Black banks, on average, are five times as likely as traditional big banks to back mortgages for properties in low- to moderate-income neighborhoods ... they were hit hardest by the recession, when a disproportionate share of African Americans lost their jobs and could not make their loan payments.

One of the most telling statistics...was a difference in how much investment a company made in CapEx, R&D, factories, and in worker training when you compared private companies with similar public ones. The private companies made twice the investments into the real economy as public companies did ... Private companies are out there investing under the same tax and regulatory frameworks. They see plenty of opportunities. But the public markets make it impossible

Millennials — many of whom entered the workforce at the onset of the Great Recession — have very little confidence in America’s banks (27 percent), Silicon Valley (27 percent), or corporate America (20 percent). In the midst of police shootings and lax sexual assault sentencing, more than two-thirds of millennials lack confidence in our criminal justice system. Bureaucrats garner even less support: A whopping 72 percent of millennials have little confidence in the federal government.

Wells Fargo announced...that it would claw back compensation valued at $41 million from its embattled chairman and chief the financial consequences of the scandal over illegally created sham accounts ... The action represented one of the first times since the 2008 financial crisis that a chief executive has been forced to give up compensation. Many large companies have adopted clawback provisions at the urging of regulators...but boards have been hesitant to invoke them.

The basic math of financial regulation is heartbreaking, a sign of just how little effect even the harshest penalties have on the industry. The relative size of...the watchdogs and those they watch—is fundamentally lopsided. The entire budget of the C.F.P.B. is a little more than six hundred million dollars a year. Wells Fargo’s revenues are more than eighty billion dollars. And Wells is just one of thousands of banks...and other institutions that the C.F.P.B. is mandated to monitor.

Banks have financed companies responsible for rainforest destruction in Southeast Asia to the tune of billions of dollars ... Southeast Asia is home to some of the world's most diverse rainforests, but they have come under threat in recent years due to large-scale expansion in industries such as palm oil, pulp and paper, rubber and timber ... at least $38 billion worth of commercial loans and underwriting facilities were provided to 50 companies in these sectors between 2010 and 2015

A nothing more than an ever-lengthening chain of blocks of data. Each block contains a compact record of things that have happened ... The important point is that if something is recorded in a blockchain, it’s deemed by users to be true with a capital T ... Blockchain...could replace gobs of bankers, accountants, and lawyers, as well as escrow accounts, insurance, and everything else that society invented pre-21st century to verify payments and the performance of contracts.

Scandals have proliferated at Deutsche Bank. Since 2008, it has paid more than nine billion dollars in fines and settlements for...conspiring to manipulate the price of gold and silver, defrauding mortgage companies, and violating U.S. sanctions by trading in Iran, Syria, Libya, Myanmar, and Sudan ... Deutsche Bank was ordered to pay regulators in the U.S. and the U.K. two and a half billion dollars...for its role in manipulating the...libor, which is the interest rate banks charge one another.

The World Bank estimates that some 38% of adults worldwide are “unbanked,” a number that climbs to 70% in Nepal. As in many developing countries, cash in Nepal isn’t a good store of value: The country’s average annual inflation rate is above 8%. Cash reserves are also susceptible to loss, theft or damage. (By contrast, firewood theft is uncommon. In a village of 1,000, it would be easy to suss out a perpetrator.)

only a fraction of all the money washing around the financial markets these days actually makes it to Main Street ... around 15% of capital coming from financial institutions today is used to fund business investments, whereas it would have been the majority of what banks did earlier in the 20th century ... the financial sector now represents around 7% of the U.S. economy, up from about 4% in 1980. Despite currently taking around 25% of all corporate profits, it creates a mere 4% of all jobs.