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Bank Regulation

Ben Walsh

JPMorgan's $22 Billion Shortfall Is Basically An Illusion

HuffingtonPost.com | Ben Walsh | Posted 12.11.2014 | Business

$22 billion sounds like a lot, but in the context of J.P. Morgan’s hugely profitable business, it’s not a high hurdle for the bank to overcome.

Ben Walsh

No, Regulation Is Not Keeping Banks From Making Money

HuffingtonPost.com | Ben Walsh | Posted 11.12.2014 | Business

Michael Bloomberg on Monday told a room full of bankers, traders, and investors that financial regulation was hurting their profitability and the U.S....

Ben Walsh

The Fed Is Even Afraid To Ask Goldman Sachs The Easy Questions

HuffingtonPost.com | Ben Walsh | Posted 09.30.2014 | Business

There's a startling moment in the recently released audio recordings of Goldman Sachs bankers talking to their regulators at the Federal Reserve Bank ...

'The Ray Rice Video For The Financial Sector Has Arrived'

The Huffington Post | Mark Gongloff | Posted 11.05.2014 | Business

We always pretty much knew that our banking regulators were captured by the industry they regulate, and now we apparently have proof. "The Ray Rice...

Why I Love My Bank Regulator

Keith Mestrich | Posted 09.23.2014 | Impact
Keith Mestrich

Many financial sector executives are not fans of bank regulators -- to put it mildly. But I have a different perspective: I love my bank regulator. Here's why -- and why you should, too.

Zach Carter

House Passes Bill To Aid Koch Brothers, Deregulate Wall Street

HuffingtonPost.com | Zach Carter | Posted 06.25.2014 | Politics

WASHINGTON -- The U.S. House of Representatives on Tuesday passed a financial deregulation package that would benefit the Koch brothers and the nation...

Andrew Perez

House Republicans Vote To Preserve Huge Regulatory Perk For Financial Criminals

HuffingtonPost.com | Andrew Perez | Posted 06.11.2014 | Politics

WASHINGTON -- Republicans on Wednesday officially voted to protect a major regulatory perk for financial criminals. On a party-line vote, the GOP m...

Conservative Economist Wants To Basically Ban Banking

The Huffington Post | Mark Gongloff | Posted 04.29.2014 | Business

In these days of political strife, of Cruz v. Warren, Bush v. Clinton, Sterling v. Humanity, it is nice to know that at least one thing can still brin...

Zach Carter

What Do Chase Bank, Condoms, The Tea Party, And Petty Fraud Have In Common?

HuffingtonPost.com | Zach Carter | Posted 03.31.2014 | Politics

In mid-March, a division of JPMorgan Chase rejected an application to process payments for the fledgling New York City condom company Lovability, citi...

Attention Banks: Five Crucial Deadlines for Q2

Christopher Cahn | Posted 05.26.2014 | Business
Christopher Cahn

After years of planning and discussion, many of the financial regulations that resulted from the 2008 financial crisis -- specifically, FATCA and elements of Dodd-Frank, such as the Volcker Rule -- are finally coming into effect. Here are some important dates that financial institutions need to keep in mind over the next few months

What a Destructive Wall Street Owes Young Americans

Ralph Nader | Posted 05.14.2014 | Politics
Ralph Nader

Wall Street gamblers are still paid huge money and are again creeping toward reckless misbehavior. Their corporate crime wave strip-mined the economy for young workers and is draining away their ability to afford basic goods.

Can We Escape Bank Regulation by Lawsuit?

John Fullerton | Posted 04.22.2014 | Business
John Fullerton

When banking is so powerful that the very business the banks are chartered to serve cannot discipline its business unfriendly behavior through market pressure, we are in a serious state of affairs. What to do?

Banks Could Still Blow Up The World

The Huffington Post | Mark Gongloff | Posted 01.25.2014 | Business

Big banks are perfectly safe these days, unless you count all those weapons of mass financial destruction they've got lying around. And who's counting...

Politico Celebrates Washington's Imaginary Victory Over Wall Street

The Huffington Post | Mark Gongloff | Posted 01.25.2014 | Business

We did it, America! Our broke, dysfunctional government has somehow pulled itself together long enough to soundly defeat powerful, wealthy Wall Street...

Zach Carter

Jeff Merkley Wants You To Know He Stood Up To Wall Street

HuffingtonPost.com | Zach Carter | Posted 01.25.2014 | Politics

WASHINGTON -- Sen. Jeff Merkley (D-Ore.) told HuffPost that he sees the finalization of regulation that banned Wall Street speculation with taxpayer m...

Zach Carter

Progressives Rally To Representatives' Call For Tougher Bank Rules

HuffingtonPost.com | Zach Carter | Posted 11.07.2013 | Politics

WASHINGTON -- Three members of Congress this week sent a letter to top federal regulators urging them to adopt tougher capital requirements for big ba...

Is the "Too Big to Fail" Problem Too Big to Solve? Part II

Jack M. Guttentag | Posted 11.11.2014 | Business
Jack M. Guttentag

Disaster myopia is reinforced by "herding." Any one firm that elects to play it safe will be less profitable than its peers, making its shareholders unhappy, and opening itself to a possible takeover.

Summers and the Banks

Jared Bernstein | Posted 10.29.2013 | Business
Jared Bernstein

In the interest of fairness, I also wanted to weigh in briefly on ways in which Larry Summers views on financial market oversight, a critical part of the job of Fed chair, have been misrepresented in some accounts.

Zach Carter

Consumer Watchdog Finds Mortgage Abuses Still Rampant

HuffingtonPost.com | Zach Carter | Posted 08.22.2013 | Politics

The Consumer Financial Protection Bureau on Wednesday issued a report detailing a host of failures in basic mortgage payment processing at U.S. financ...

Zach Carter

Obama: Larry Summers Would Make Excellent Fed Chair

HuffingtonPost.com | Zach Carter | Posted 08.09.2013 | Politics

WASHINGTON -- President Barack Obama on Friday pushed back against rumors that his former economic adviser Larry Summers has "the inside track" among ...

SHOCK! Bankers Are Getting Some Srsly Dubious Advice From Lawyers

The Huffington Post | Mark Gongloff | Posted 05.20.2013 | Business

From Saul Goodman of "Breaking Bad" to Harold Melvoin of "The Sopranos," sleazy lawyers on the teevee are always giving criminals career advice. This ...

Zach Carter

House Dems Embrace Wall Street Deregulation

HuffingtonPost.com | Zach Carter | Posted 05.08.2013 | Politics

WASHINGTON -- Just one day after Treasury Secretary Jack Lew wrote a letter urging lawmakers to reject a slate of Wall Street deregulation measures, n...

Mark Gongloff

JPMorgan Chase Regulatory Troubles Now Even More Troubling

HuffingtonPost.com | Mark Gongloff | Posted 05.03.2013 | Business

JPMorgan Chase's many regulatory troubles are once again hurting the bank's stock. At some point you have to ask, when do they hurt management, too? ...

At Least the Big Banks Are Kickin' It...

Jared Bernstein | Posted 06.16.2013 | Business
Jared Bernstein

The disconnect between profitability and hiring or middle-income wage growth has been embedded in our economic system for decades -- this quarterly result is a mere microcosm.

Mark Gongloff

Spitzer: Throwing Bankers In Jail Wouldn't Hurt

HuffingtonPost.com | Mark Gongloff | Posted 04.16.2013 | Business

Maybe time has mellowed Eliot Spitzer. Spitzer, who built his political career as New York Attorney General more than a decade ago by crusading aga...