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Be Glad There's Not A Wave Of Mergers And Acquisitions

Mark Gongloff | Posted 06.02.2013 | Business
Mark Gongloff

There are a couple of stories today questioning why an expected wave of mergers and acquisitions hasn't happened yet. We should be glad it hasn't.

Federal Reserve Fights To Change Deeply Ingrained Wall Street Habit

Reuters | By Lauren Tara LaCapra | Posted 03.22.2013 | Business

NEW YORK (Reuters) - The Federal Reserve is pushing banks to ignore competitors' performance when awarding bonuses, and focus squarely on their own pr...

Mark Gongloff

OMG: Truly Clueless Money Saving Advice From Bankers | Mark Gongloff | Posted 03.21.2013 | Business

Hello, average American. If you're anything like me, and why wouldn't you be, then you worry constantly about money. Fortunately for us, eFinancia...

President Mitt Romney

Steven Clifford | Posted 05.11.2013 | Comedy
Steven Clifford

I knew President Romney was unlikely to champion civil liberties, but I never imagined he would claim the right to kill people he did not like. I woke up terrified. "President Romney is trying to kill me with drones," I screamed.

Jamie Dimon's Favorite Movie Is 'Apocalypse Now'

Mark Gongloff | Posted 04.24.2013 | Business
Mark Gongloff

So here's one way the World Economic Forum in Davos is not entirely useless: It gave Fox Business Network's Liz Claman the chance to ask several CEOs to name their favorite movies. The results of this brilliant exercise are revealing. For example, did you know that Jamie Dimon's favorite movie is "Apocalypse Now"? It's true.

The Department of Justice? Not for Wall Street

Brian Young | Posted 04.06.2013 | Politics
Brian Young

This is not what has happened to banks who knowingly sold bad mortgages to people who could not afford them, then sold them off to investors in the market bundled into AAA rated securities. So, why is criminal court off the table in the financial sector?

The OCC's Tragic Response to the Frontline Expose: The Untouchables

William K. Black | Posted 03.28.2013 | Business
William K. Black

The Frontline documentary begins the process of explaining what we have been saying for years -- neither the Bush nor the Obama administration has been willing to conduct a real investigation of the elite banksters whose frauds made them wealthy and drove the financial crisis and the Great Recession.

Jamie Dimon: 'We're Doing The Right Thing'

AP | ANGELA CHARLTON and DAVID McHUGH | Posted 03.25.2013 | Business

DAVOS, Switzerland — Leading bankers at the World Economic Forum in Davos, Switzerland, are on the defensive amid demands to regulate their indu...

Two New Fraud Deals Show Wall Street's Washington Insiders at Work

Richard (RJ) Eskow | Posted 03.09.2013 | Politics
Richard (RJ) Eskow

It must've been like old home week when the old gang of Wall Street and Washington insiders finalized a couple more cushy settlements last week. But there was an empty chair at the negotiating table. That chair belongs to you, and it belongs to me.

This Guy For Treasury?

The Huffington Post | Mark Gongloff | Posted 11.27.2012 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

Jamie Dimon Calls Out Obama Administration's 'Antagonistic Behavior'

Mark Gongloff | Posted 01.09.2013 | Business
Mark Gongloff

Tuesday's election may have changed some things in this country, but one thing has not changed: Jamie Dimon is going to keep right on whining about President Obama, thank you very much.

Look: Banker Racks Up Outrageous Bar Tab

The Huffington Post | Posted 11.08.2012 | Money

It's no surprise that rich people will go to ridiculous lengths to show off how wealthy they are. But one London banker just took ridiculousness to a ...

Former Banker Admits He Helped Rich Americans Hide Money

Reuters | Posted 01.06.2013 | Business

Nov 6 (Reuters) - A former banker at giant Swiss financial institutions UBS AG and Credit Suisse Group AG pleaded guilty on Tuesday to helping weal...

Elizabeth Warren Would Be the Conscience of the United States Senate

Brent Budowsky | Posted 01.23.2014 | Politics
Brent Budowsky

I have seen many Senators come and go and I have no doubt that if elected Elizabeth Warren would be the conscience of the Senate. Because she speaks for the best in you -- and me -- and Massachusetts -- and America.

Ex-Goldman Banker: Transactions Became 'Morally Ambiguous'

Mark Gongloff | Posted 12.18.2012 | Business
Mark Gongloff

Just because you're paranoid doesn't mean Goldman Sachs is not after you. In his new book, "Why I Quit Goldman Sachs" -- a copy of which The Huffington Post has gotten our hands on, ahead of its Oct. 22 publication date -- world-famous job quitter Greg Smith alleges that Goldman frequently made recommendations to clients and then took the opposite side of the trade it had just recommended.

How To Insult A Banker

The Huffington Post | Gregory Beyer | Posted 10.19.2012 | Business

(Illustrations by Christoph Hitz) This originally appeared in Huffington, in the iTunes App store....

Big Bank Firing Unethical Traders

AP | Posted 12.04.2012 | Business

FRANKFURT, Germany (AP) — German media report that Deutsche Bank AG has put at least five of its traders on indefinite leave as part of an effort to...

Mark Gongloff

Risky Business Pays Off For Wall Street | Mark Gongloff | Posted 09.06.2012 | Business

To listen to bankers tell it, President Barack Obama has been their worst nightmare. But considering how easy banks have actually had it since the fin...

How to Fix a Banker's Heart

Jonathan Lewis | Posted 09.23.2012 | Impact
Jonathan Lewis

Economic opportunity and economic justice depends on good banks. We need bankers pumping capital into underserved communities, into innovation and into companies of societal consequence.

Casper the Friendly Ghost Can't Control Wall Street

Leo W. Gerard | Posted 09.15.2012 | Business
Leo W. Gerard

Casper's airy little fist packed no wallop when it came to impeding high-risk betting on Wall Street, the LIBOR lending rate manipulation or the disappearance of client money at MFGlobal. There's a much better way than Casper to catch a bankster: pay them to turn each other in.

Bankers: New Law Will Increase Likelihood of Accounting Scandals

Reuters | Posted 09.09.2012 | Business

By Olivia Oran July 10 (Reuters) - A majority of bankers believe the U.S. Jobs Act may open the door to accounting scandals by looseni...

Where Bankers Are Priced Out, Students Move In

Reuters | Posted 09.08.2012 | Money

By Brenda Goh LONDON, July 9 (Reuters) - Floor to ceiling windows, chairs by French designer Philippe Starck, four-poster beds and a s...

Big U.S. Banks Submit Their 'Living Wills'

AP | ALEX VEIGA | Posted 09.02.2012 | Business

Nine of the largest U.S. banks have submitted plans offering roadmaps for how the government could break up and sell off their assets if they are in d...

Liberals To Obama: Take The Fight To Wall Street

AP | JOSH LEDERMAN | Posted 08.20.2012 | Politics

WASHINGTON — Message from liberals to President Barack Obama: Your economic message is muddled, go after Wall Street harder. With the November ...

Bankers Push For Radical Overhaul

Reuters | Posted 08.09.2012 | Business

By Steve Slater COPENHAGEN, Denmark, June 8 (Reuters) - Banks need a radical overhaul to boost profitability against the backdrop of t...