Bank Regulation

JPMorgan Losses Do Not Make the Case for Regulation

Mark A. Calabria | Posted 05.15.2012

Read More: Bank Regulation, JPMorgan Chase, Bank Reform, Financial Reform, Jpmorgan, Banking, Banks, Banking Crisis, Financial Crisis, Jamie Dimon, Financial Regulation, Business News
Mark A. Calabria

President Obama and others have used the recent $2 billion loss by JPMorgan Chase as a call for more regulation. What the president and his allies miss is that recent events at JPMorgan illustrate how the system should -- and does -- work.

Read Post

Will JPMorgan's Loss Provide a Win for Wall Street Reform?

Barbara Roper | Posted 05.14.2012

Read More: J.P. Morgan Chase, Dodd-Frank, Derivatives, Financial Reform, Lincoln-Rule, Credit Default Swaps, Jamie Dimon, Volcker Rule, Wall Street Reform, Bank Regulation, Jpmorgan, Business News
Barbara Roper

While regulation comes with a significant price tag, those costs pale beside the losses that banks can incur when left to their own devices. Will regulators take the hint that the cost-benefit fight is one they can win?

Read Post

JPMorgan Chase Actually Lost $20 Billion On Its Bad Trade

The Huffington Post | Mark Gongloff | Posted 05.14.2012

Read More: JP Morgan Chase, Stocks, Regulation, Bank Stocks, Jamie Dimon, Slideexpand, Bank Regulation, JPMorgan Chase, JP Morgan, Video, Jpmorgan Chase 2 Billion, Wall Street, Jpmorgan Chase 2 Billion Loss, Jpmorgan, Financial Regulation, Business News

By now you may have heard that JPMorgan Chase lost $2 billion on a bad trade. Multiply that by 10, and you're starting to get a better idea of how muc...

Read Whole Story

Paul Ryan: Paul Ryan Is Totally Wrong About Bank Reform

The Huffington Post | Mark Gongloff | Posted 05.10.2012

Read More: Bank Regulation, Paul-Ryan, Video, Bank Reform, Dodd Frank Act, Paul Ryan Volcker Rule, Financial Reform, Too Big to Fail, Banking, Banks, Volcker Rule, Paul Volcker, Paul Ryan, Dodd Frank, Business News

Who is that handsome socialist from Wisconsin, and what has he done with Rep. Paul Ryan? A Bloomberg View piece on Wednesday in support of the Volc...

Read Whole Story

Why One Law Headed To Obama's Desk Is A Holiday For Fraudsters

The Huffington Post | Mark Gongloff | Posted 04.05.2012

Read More: Bank Regulation, Ipos, Video, Mark Gongloff Things to Know, Seven and a Half Things, Seven and a Half Things You Need to Know, Stocks, Stock Market, Banks, 7 1/2 Things, Seven and a Half Things to Know, 7.5 Things, Things You Need to Know Today, Business News

This will be the last Seven And A Half Things for this week, so today's seven and a half things are going to have to last you for two days. We've made...

Read Whole Story

Doomed (There's A Study)

The Huffington Post | Mark Gongloff | Posted 04.02.2012

Read More: Bank Regulation, JPMorgan Chase, Wall Street, Dodd-Frank, Too Big to Fail, Banking, Bank of America, Banks, Citigroup, Glass-Steagall, Business News

We may yet see the end of Too Big To Fail. That's the message of a research note on Monday by Frederick Cannon and other bank-stock analysts at the...

Read Whole Story

Newt's Latest Declaration of Independence From Reality

William K. Black | Posted 05.12.2012

Read More: Declaration of Independence, Republican Primary, Newt Gingrich 2012, 2012 Election, American History, Elections 2012, 2012 Republican Primary, Newt Gingrich, Gop Primary, Newt Gingrich History Teacher, Bank Regulation, Banking, Banks, Newt Gingrich Banks, Bankers, Politics News
William K. Black

Gingrich's historical argument rests on a non-existent provision in the Declaration of Independence that he claims was designed to protect non-existent banks from regulation.

Read Post

The Robo-Signing Settlement: Breaking the Usual Rules of Housing Policy

Jed Kolko | Posted 04.11.2012

Read More: Robo-Signing, Foreclosure Help, Bank Regulation, Foreclosure Crisis, Mortgage Modification, Mortgage Settlement, Obama, National Mortgage Settlement, Housing Crisis, Hamp, Loan Modifications, Business News
Jed Kolko

The robo-signing settlement is the latest -- and potentially the largest -- piece in the U.S. housing policy puzzle. Even though it's partly punishment for banks' wrongdoing, it is also another answer by the government to the question of how it can help the housing market.

Read Post

Ben Hallman

Mortgage Settlement Makes Fresh Promise To Curb Bank Bad Behavior

HuffingtonPost.com | Ben Hallman | Posted 02.09.2012

Read More: Bank Regulation, Hamp, Foreclosure Crisis, Mortgage Settlement, Loan Modifications, Mortgage Modification, Robo-Signing, Obama, National Mortgage Settlement, Foreclosure Help, Housing Crisis, Business News

As part of the $25 billion mortgage fraud settlement announced Thursday, five of the biggest U.S. banks promised to end practices that have led to bot...

Read Whole Story

How the Wall Street Journal Misleads About Federal Jobs

Jeffrey Sachs | Posted 03.15.2012

Read More: Unemployment, Big Government, Federal Employment, Tax Cuts, Bank Regulation, Government Services, Wall Street Bailouts, 99 Percent, 1 Percentl, Wall Street Journa, Media News
Jeffrey Sachs

For government services that count for the 99 percent, the federal government is shrinking, alas, no matter which phony figures the Wall Street Journal throws our way.

Read Post

Alexander Eichler

Fed Links With Finance Industry Raise Conflict Of Interest Questions

HuffingtonPost.com | Alexander Eichler | Posted 12.19.2011

Read More: Bank Regulation, Watchdog, Federal Reserve, Consumers, Congress, Video, Gao, Dodd-Frank Financial Overhaul, Government Accountability Office, Business News

When the Federal Reserve was handing out emergency loans during the financial crisis, some of the money didn't have to travel very far. More than a...

Read Whole Story

What Occupy Wall Street Should Ask For

Aaron Greenspan | Posted 12.02.2011

Read More: Global Financial Crisis, Financial Regulation, Occupy Wall Street, Bank Regulation, Glass-Steagall Act, Business News
Aaron Greenspan

There needs to be a clear message coming from the public regarding exactly which changes are being sought. Perhaps there are too many views for everyo...

Read Post

A Manifesto For Better Banking

Carne Ross | Posted 11.27.2011

Read More: Bank Regulation, Wall Street Protests, Wall Street, Bank Reform, Financial Reform, Occupy Wall Street, Banking, Banks, Wall Street Banks, Business News
Carne Ross

The banking system is both a cause and an intrinsic part of our current economic and political crisis. Here are some suggestions for a manifesto for the Occupy Wall Street protests currently taking place.

Read Post

Bank Failures Reflect Badly on Colorado

Robert Schwab | Posted 11.19.2011

Read More: Bank Regulation, Aldo Svaldi, Colorado Bank Failure, Colorado Banks, John Hickenlooper, Bill Ritter, Financial Regulation, Denver Post, Denver News
Robert Schwab

Colorado's bank failures in the first years of this century will reflect badly on the state for some time to come. But you don't hear many calls for crackdowns on the fast-money track records of the failed banks.

Read Post

Swiss Bank Chair Regrets Taking On U.S. Clients After Tax Spat

AP | By FRANK JORDANS | Posted 11.14.2011

Read More: Bank Regulation, Video, Swiss Bank, Credit Suisse Group, Basler Zeitung, Asset Manager, Zurich, Tax Evasion, Basler Kantonalbank, UBS AG, U.S. Justice Department, Business News

GENEVA -- The chairman of a Swiss regional bank caught up in a fresh tax evasion spat between the United States and Switzerland says he regrets taking...

Read Whole Story

Wells Fargo To Test Monthly Debit Fee

AP | By CANDICE CHOI | Posted 10.17.2011

Read More: Bank Regulation, PNC Bank, Checking Accounts, Nilson Report, Wells Fargo, Associated Press-GfK, Chase, Service Fees, Debit Cards, Debit Card Fees, Video, Business News

NEW YORK -- Wells Fargo plans to test a $3 monthly fee for its debit cards starting this fall. The San Francisco-based bank said the fee will be appl...

Read Whole Story

BofA Close To Record Settlement Over Mortgage-Securities

Posted 08.28.2011

Read More: Bank Regulation, J.P. Morgan Chase & Co., Settlement, BlackRock Inc., Mortgage Crisis, Mortgage Fraud, Bank of America, Countrywide Financial Corp., High-Profile Investors, Federal Reserve Bank of New York, Mortgage-Securities, Wall Street Journal, Wells Fargo & Co, Housing Crisis, Business News

UPDATE: Bank of America Corp settled nearly all of the claims related to the legacy Countrywide-issued first-lien residential mortgage-backed sec...

Read Whole Story

Janell Ross

Financial Ignorance and Denial High But Preparedness Low, Study Says

HuffingtonPost.com | Janell Ross | Posted 08.09.2011

Read More: Bank Regulation, Mortgages, Emergency Savings, Financial Illiteracy, Pay-Day-Lenders, Emergency Funds, The Great Recession, Savings, Business News

NEW YORK -- Americans are mired in debt they don't understand, according to a new working paper. Not only do many Americans not have a financial pl...

Read Whole Story

We Need Commitment to Get Near Utopia!

Marty Robins | Posted 08.07.2011

Read More: Regulation, Economic Recovery, Financial Regulation, Lending Regulation, Tax Policy, Regulations, Bank Regulation, Great Recession, Double Dip Recession, Recession, Business News
Marty Robins

Commitment or its absence is an issue in many contexts. However, there is no situation where this is more the case than our current economy. By any st...

Read Post

FDIC Bank Assessments Change on April 1st As Dodd-Frank Comes to Banking

Dennis Santiago | Posted 05.25.2011

Read More: Dennis Santiago, Bank Regulation, Dodd-Frank Act, Banks, Fdic, Institutional Risk Analytics, Business News
Dennis Santiago

Come April Fool's Day, the free ride is over. The "base assessment amount" changes to a new formula. From now on it's the bank's total assets minus its tangible common equity (TCE) that determines the base amount.

Read Post

'Deteriorating Credit Quality' Hits BofA Hard

Bloomberg News | Hugh Son | Posted 05.25.2011

Read More: Bank Regulation, Writedown, Countrywide Financial, Goodwill Impairment, Bank of America, Credit Card, Brian T. Moynihan, Writeoffs, Bofa, Business, CARD Act, Business News

Feb. 22 (Bloomberg) -- Bank of America Corp., the biggest U.S. lender by assets, almost doubled a goodwill impairment for its credit-card unit to $20....

Read Whole Story

Why the Republican Attack on "Job-Killing Regulations" Is Dumb

Robert Reich | Posted 05.25.2011

Read More: Bank Regulation, Unemployment, Robert Reich, Regulations, Deregulation, Regulatory Reform, Regulation, Regulators, Financial Regulation, Republicans, Politics News
Robert Reich

The reason we have continued sky-high unemployment has nothing to do with excessive regulation. There was no sudden outpouring of federal regulation in 2007 before the economy tanked and millions lost their jobs.

Read Post

A Deepening Dearth of Lending

Dennis Santiago | Posted 05.25.2011

Read More: Bank Regulation, Move Your Money, Dennis Santiago, Banks, Economic Recovery, Business News
Dennis Santiago

Next time you interact with your bank, ask them to tell you more about they are doing about expanding loan production. Some will balk, but others will gladly wax on about how they'll make things better.

Read Post

The Anti-Regulators Are the "Job Killers"

William K. Black | Posted 05.25.2011

Read More: Bank Regulation, Wall Street, Mortgage Crisis, Mortgage Fraud, Deregulation, Regulatory Reform, Accounting Fraud, Financial Crisis, Regulation, Financial Regulation, Business News
William K. Black

The anti-regulators subverted the rule of law and allowed elite frauds to loot with impunity. Why isn't the new House leadership investigating that disgrace as one of their top priorities?

Read Post

Zach Carter

Fed Moves To Gut Predatory Lending Regulation

HuffingtonPost.com | Zach Carter | Posted 05.25.2011

Read More: Foreclosures, Foreclosure Crisis, Wall Street, Predatory Lending, Bank Regulation, Regulation, Banks, Federal Reserve, The Fed, Mortgage Regulation, Mortgage Crisis, Business News

The Federal Reserve is pushing a new mortgage regulation that would effectively eliminate the most powerful federal remedy for predatory lending. Th...

Read Whole Story