Category Archives: English

Lehman Brothers: The Bankruptcy of a Bank and that of a System

By Marc Chesney On September 15, 2008, Lehman Brothers Holdings Inc. filed for Chapter 11 bankruptcy. It was the start of a lengthy and complex process encompassing about $1.2 trillion worth of creditor claims. When flight LB2008 crashed, after suddenly disappearing from the radar assigned to so-called systemic banks, it was apparently a case of read more »

Panama Papers, What Now?

As strange and as sudden as it may be, thanks to the revelations by several international news sources concerning the magnitude of tax evasion facilitated by a Panamanian firm, elected officials and bank directors, often in collusion with each other, seem to have discovered a durable, well-organized offshore system of large-scale dubious deals. Article in read more »

Limiting the consequences of the finance casino in Switzerland by means of direct democracy

Professor Marc Chesney demands more protection against the finance casino as it has evolved over the last 30 years. In the following interview he explains his assessment of the current state of the financial markets and the economy. Interview in Current Concerns, 26.1.2016 (pdf)

Certificate course “Leaders for Sustainable Finance”

The Training Centre WWF in partnership with The Sustainability Forum Zürich (TSF) will run a third course in Sustainable Finance to start in Zurich on the 14th of March 2013 in English. The course is designed for managers from the banking and insurance sector, as well as institutional investors, who want to acquire consolidated knowledge read more »

Derivatives Exposure der 9 grössten Banken – Interessante Verhältnisse

Der nachfolgende Link zeigt sehr anschaulich das Ausmass der derivativen Exposures der 9 grössten Banken auf: Derivatives: The Unregulated Global Casino for Banks

Much Higher Effective National Debt in the Euro-Foundation States

A study from the research center „Generationenverträge“ of the University of Freiburg arrives at the conclusion that the explicitly reported national debts of the 12 Euro-Foundation States are not correct because to some extent they do not consider future liabilities as e.g. pensions, health and care benefits. From both an accounting and demographic point of read more »