From January 18, 2019 to January 18, 2020 I collected news from predatory and criminal acts committed by global systemically important banks (SIBs).
Because of their size, complexity and global interconnectedness, SIBs are also known as ‘too big to fail’ banks.
Every time a news was published I converted it into a
hexadecimal string, and inserted it within a Ethereum Virtual Machine
transaction; thus, permanent, incorruptible and accessible for anyone at any time. In the same day, I
manipulated with trading software the chart share price of the bank involved
until rendering it
devoid of any financial meaning.
There are 66 news entries documenting criminal acts such
charging services to dead people, money laundering,
manipulating government bonds markets,
losses, breaches of counter-terrorism financing laws,
facilitating transactions linked to child sexual
exploitation and many more.
This video installation serves as a speculative arena
to explore the visualization of fraud and financial malfeasance: the aesthetic expressions of an economic irrationality in which crime is already 'priced in'.
This work was exhibited at the
École Supérieure d'Art et de Design d'Orléans, October 22 - December 10, 2020 (curated by Aude Launay)
Installation view at
École Supérieure d'Art et de Design d'Orléans