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Bank Regulation

Banks Are Officially Giant Babies

Mark Gongloff | Posted 03.13.2013 | Business
Mark Gongloff

When it comes to big banks, we're like overly doting parents: Four years after the financial crisis, we just can't stop babying them.

This Is What Happens When You Do Business In Iran

Reuters | Posted 02.09.2013 | Business

* US Justice Dept, N.Y. DA's Office announce settlement * Comes in addition to $340 mln paid to N.Y. bank regulator * HSBC settlement of sim...

The Growing Problem Haunting Global Regulators

Reuters | Posted 01.18.2013 | Business

* G20 group charts rise of sector blamed for aggravating crisis * Shadow banking jumps in a decade from $26 trillion in 2002 ...

Our National Potboiler: Elizabeth Warren, Sexiest Man in America, and Another Woman

Marie Woolf | Posted 01.06.2013 | Politics
Marie Woolf

Qualifications for high elected office seem to have never been more egregiously disregarded than now, entering our new normal when Sarah Palin winked at America at the Republican National Convention in 2008.

Bailout Watchdog: Both Candidates Will Be Terrible For Bank Regulation

The Huffington Post | Mark Gongloff | Posted 10.29.2012 | Business

If you've been listening to Neil Barofsky gripe about the Obama administration's handling of bank bailouts, you might think he's got it in for Preside...

Banks Are Too Big To Succeed

The Huffington Post | Mark Gongloff | Posted 10.11.2012 | Business

Thing One: Too Big To Succeed: Instead of cursing the too-big-to-fail banks like we do, maybe it's time we tried to sympathize with them. We're not...

Horrifying Cost Of Bank Regulation: 0.28 Percent Higher Interest Rates

The Huffington Post | Mark Gongloff | Posted 09.14.2012 | Business

To hear banks tell it, new regulations designed to keep them from wrecking the global economy again are themselves going to wreck the global economy. ...

Senators Try To Slow Financial Reform

Mark Gongloff | Posted 11.10.2012 | Business
Mark Gongloff

Imagine a world where banks can appeal to the highest office in the land for help if some pesky financial regulator tries to tell them what to do. It's easy if you try: There is in fact a bill slouching its way through the Senate right now that would give the president of the United States the power to slam the brakes on new regulations that banks find insufficiently lenient, the New York Times writes.

London Is Better Off Reformed (LIBOR)

Chris Brummer | Posted 07.27.2012 | Business
Chris Brummer

Poor London. They may have the Olympics, but the recent LIBOR scandal appears to be strike three in a ballgame full of regulatory gaffes that have left the city's reputation for governance tarnished in the eyes of the world's financial elite.

Needed: Eliot Ness, Bank Regulator

Carla Seaquist | Posted 09.23.2012 | Business
Carla Seaquist

Where is Eliot Ness, the incorruptible U.S. Treasury agent who went after Al Capone, when we need him? Had regulators of the Eliot Ness mold been on duty, two major banking scandals still unfolding might never have happened.

Capital One Settlement Shows Limits of Government Watchdogs

David Callahan | Posted 09.18.2012 | Business
David Callahan

Something really bad happened at a big bank, and tens of millions of dollars are being shelled out in settlements, and yet so far no heads are rolling. Just maybe that's because ripping off customers is now part of the business model for major banks. And why punish executives for doing their job?

Putting an End to Faith-Based Banking

Laurence J. Kotlikoff | Posted 09.09.2012 | Business
Laurence J. Kotlikoff

There is not a single official in the U.S. or Europe brave enough to take on the bankers and say what needs to be said: If you want to gamble, be our guest. But do so on your own time, in your own home, and on your own dime.

Finance Writers Reflect on Dodd-Frank, Wall Street

David Vognar | Posted 08.27.2012 | Business
David Vognar

If safeguards like Dodd-Frank fail to prevent another crisis, there will have to be a serious reexamination of the system. Yet people in the future will be able to point to our regulatory structure as either preventing or permitting another collapse.

The Downgrades: Forget the 1%. It's the 9%, Stupid!

Adam Levin | Posted 08.27.2012 | Politics
Adam Levin

The downgrades in the credit ratings of major banks mean very little to the average consumer, but the downgrade in the credibility of Congress and the mess we have made of our financial regulatory structure should give us all pause.

Time for Banks to Start Serving Communities Again

John Taylor | Posted 08.19.2012 | Politics
John Taylor

The reason why the government stands behind the banks and insures them is because they are integral to our communities' growth and progress. If the banks turn their back on those communities, they have gotten away from their core purpose and do us all a grave disservice.

Dream Team of Bank Regulators Is Forgetting an Important Player

Sanjay Sanghoee | Posted 08.11.2012 | Business
Sanjay Sanghoee

Just recently, Washington announced the creation of a "dream team" of financial regulators, called the Systemic Risk Council. Great idea, but here's a question: Why was the current chairwoman of the SEC, Mary Schapiro, not included?

Time for Fairness to Replace Recklessness on Wall Street

Rep. Tulsi Gabbard | Posted 08.08.2012 | Politics
Rep. Tulsi Gabbard

If I'm elected to represent Hawaii's Second Congressional District, I promise to support comprehensive banking reform that prevents banks from becoming too big and too precarious to ever again endanger our livelihoods as they did in 2008, and as they continue to do today.

Alan Greenspan Spews Utterly Outrageous Nonsense

Mark Gongloff | Posted 08.08.2012 | Business
Mark Gongloff

It was only a matter of time before it happened: Alan Greenspan has come to the defense of JPMorgan Chase. Yes, the Alan Greenspan, the same man who helped make it possible for banks like JPMorgan to get big enough to annihilate the financial system.

Just What The World Needs: Regulator 'Superheroes'

The Huffington Post | Mark Gongloff | Posted 08.06.2012 | Business

Meet the Justice League of bank regulation. In a world ruled by powerful bankers, where politicians and regulators are compromised and weak, only a...

JPMorgan Losses Do Not Make the Case for Regulation

Mark A. Calabria | Posted 07.15.2012 | Business
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.

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

Barbara Roper | Posted 07.14.2012 | Business
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?

JPMorgan Chase Actually Lost $20 Billion On Its Bad Trade

The Huffington Post | Mark Gongloff | Posted 05.14.2012 | Business

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...

Paul Ryan: Paul Ryan Is Totally Wrong About Bank Reform

The Huffington Post | Mark Gongloff | Posted 05.10.2012 | Business

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...

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

The Huffington Post | Mark Gongloff | Posted 04.05.2012 | Business

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...

Doomed (There's A Study)

The Huffington Post | Mark Gongloff | Posted 04.02.2012 | Business

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...