Banking

Bipartisan Measure Will Give Boost To Just One Bank

Posted 05.30.2012

Read More: Michael Grimm, House of Representatives, Politics News, Congress, Video, Emigrant Savings Bank of New York, Business News, Banking, Banks, New York, House Financial Services Committee, Politics News

On Thursday, the House Financial Services Committee will vote on a one-sentence, bipartisan-backed bill that will save a major political player $300 m...

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Learning From Facebook

Robert Weissman | Posted 05.23.2012

Read More: Banking, Morgan Stanley Facebook, Financial Reform, Facebook IPO, Business News
Robert Weissman

It's going to take some time to suss out exactly what happened with the Facebook IPO, but step back and consider the broader implications. They are staggering.

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Workers of the World Unite -- With Shareholders

Leo W. Gerard | Posted 05.21.2012

Read More: Citi, Trinity Mirror, Rex Tillerson, Citigroup, Sec, Aviva, Bp, Chevron, Dodd-Frank Wall Street Reform and Consumer Protection Act, Steelworkers, Wells Fargo, Exxonmobil, Usw, United Steelworkers, Dodd-Frank, Astrazeneca, Compass Minerals, 99% Power, Tesoro, Securities and Exchange Commission, Banking, Banks, Business News
Leo W. Gerard

In the wake of Wall Street recklessness that caused economic collapse, Congress gave shareholders and citizens Dodd-Frank to help them constrain self-dealing corporate executives. The 99% Coalition and shareholders are working with those tools even as Republicans vow to take them away.

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DeregulationExplained

Jeff Danziger | Posted 05.21.2012

Read More: Deregulation Banking, Banks, Political Cartoons, Banking, Wall Street, Politics News
Jeff Danziger

2012-05-21-Screenshot20120521at8.38.01AM.jpg

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Pay No Attention to That Man Behind the Curtain

Phil Angelides | Posted 05.21.2012

Read More: Banking, JPMorgan Chase, Banks, Wall Street, Jpmorgan, Jamie Dimon, Financial Crisis Inquiry Commission, Derivatives, Volcker Rule, Glass-Steagall, Business News
Phil Angelides

Jamie Dimon was hailed as the wizard of Wall Street. Until the revelation of JPMorgan Chase's disastrous derivatives bet, he was the man who supposedly could do no wrong. But, alas, even wizards are not all powerful, not in Oz and not when trading in financial derivatives.

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JPMorgan Chase: Break Up the Big Banks Now. Here's How.

Richard (RJ) Eskow | Posted 05.21.2012

Read More: SAFE Act, JPMorgan Chase, Independence Day, Sherrod Brown, Keith Ellison, John Reed, Jamie Dimon, Bill Moyers, Jpmorgan, Banking, Banks, Business News
Richard (RJ) Eskow

The JPMorgan Chase scandal -- and yes, it is a scandal -- shows us why we need to break up the big banks as quickly as possible.

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Don't Get Fooled Again

Taylor Lincoln | Posted 05.18.2012

Read More: Banking, Banks, JPMorgan Chase, Wall Street, Jpmorgan, Financial Reform, Wall Street Reform, Dodd-Frank, Derivatives, Derivatives Reform, Politics News
Taylor Lincoln

The JPMorgan episode may be the warning that Congress needs to return to its role of protecting the public rather than coddling the banks. But it also raises a question: How many times does a lesson have to be taught before it is learned?

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Fed Up With Big Banks

Gordon Whitman | Posted 05.17.2012

Read More: Foreclosure, Big Banks, Los Angeles, New York City, Banking, Move Your Money, Banks, Bankers, Get Money Out, Credit Unions, Business News
Gordon Whitman

When individuals, religious institutions and local and state governments decide to move their money, it puts direct pressure on banks and on the federal government to change their policies. Cities and states have incredible leverage if they chose to use it.

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Shocking Mistreatment Leaves Bank With Blood On Its Hands

AlterNet | Posted 05.16.2012

Read More: Politics News, Wells Fargo Foreclosures, Foreclosure Crisis, Wells Fargo, Banking, Business News, Norman Rousseau, Banks, Foreclosure, Oriane Rousseau, Politics News

Norman and Oriane Rousseau were one more couple pushed by a huge, greedy bank to the brink of homelessness. On Sunday, desperate and with nowhere to g...

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What Makes You Madder: JPMorgan's Recklessness or the Fed's Cluelessness?

Jane White | Posted 05.16.2012

Read More: JP Morgan Chase, Federal Reserve, Americans for Financial Reform, Ben Bernanke, New Democrat Coalition, Dodd-Frank, Volcker Rule, Derivatives, Wall Street, Jpmorgan, Banking, JPMorgan Chase, Banks, Bankers, JP Morgan, Business News
Jane White

We not only need to rein the banks in but we've got to delegate the responsibility for measuring household wealth -- and hopefully come up with ways to boost it -- to an agency that's more in touch with "the 99%."

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Jamie Dimon's "Tempest In A Tea Pot"

Charles Gasparino | Posted 05.17.2012

Read More: JP Morgan Chase, JPMorgan Chase, JP Morgan, Wall Street, Jpmorgan, Banking, Banks, Jamie Dimon, Bankers, London Whale, Jamie Dimon JP Morgan, Business News
Charles Gasparino

There's got to be bigger scandals out there that cost bank customers real money, and actually lead to real losses that could put a company's survival in jeopardy. The JP Morgan trading loss is neither and not by a long shot.

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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.

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Wall Street Bankers Who Broke the Law Belong in Jail

Eric Griego | Posted 05.15.2012

Read More: Congress, New Mexico, Wall Street, Elections 2012, Wall Street Reform, Eric-Griego, Financial Crisis, Consumer Protection, Mortgage Crisis, Banking, Banking Crisis, Banks, Bankers, Politics News
Eric Griego

In Washington, I will fight to hold Wall Street accountable.

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A Dimon in the Rough

D. Sidney Potter | Posted 05.14.2012

Read More: Foreclosures, Citigroup, Volcker Rule, Wells Fargo, Derivative Fiasco Loss, Big Banks, Alley, Bank of America, JPMorgan Chase, Mortgage, The London Whale, $2 Billion Loss, Occupy Wall Street, Banking, Jaime Dimon, Real Estate, Business News
D. Sidney Potter

Like a fat kid and chocolate cake, some things are just inseparable. And CEO Jaime Dimon of JPMorgan Chase has proven that parable with his near insatiable appetite in saying the wrong thing at the wrong time.

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Pressure Builds On JPMorgan CEO After $2 Billion Loss

AP | PALLAVI GOGOI | Posted 05.15.2012

Read More: JPMorgan Chase, Jpmorgan Trading Loss, Video, Banking, Business News, Jpmorgan $2 Billion Trading Loss, Jamie Dimon, Jpmorgan Chase Ceo, Business News

NEW YORK — JPMorgan Chase CEO Jamie Dimon owned up to stock analysts and went on TV to accept blame for a $2 billion trading mistake. Next he fa...

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Paul Krugman: This Is Why We Regulate Wall Street

The New York Times | Paul Krugman | Posted 05.14.2012

Read More: Banking Regulations, JP Morgan Chase, Wall Street, Lehman Brothers, Banking, Federal Reserve, Aig, Banks, Jamie Dimon, Paul Krugman, Volcker Rule, Gilded Age America, Business News

One of the characters in the classic 1939 film “Stagecoach” is a banker named Gatewood who lectures his captive audience on the evils of big gover...

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Mark Gongloff

3 Ways Dodd-Frank Could Have Saved JPMorgan $2 Billion

HuffingtonPost.com | Mark Gongloff | Posted 05.11.2012

Read More: Derivatives, Lincoln Rule, Credit Default Swaps, Jamie Dimon, Slideexpand, Volcker Rule, Dodd Frank, JPMorgan Chase, Video, Credit Derivatives, Regulations, Wall Street, Jpmorgan, Banking, Banks, Jpmorgan Chase Dodd Frank, Financial Regulation, Business News

Somebody throw some water on the irony meter because it's burning up: JPMorgan could have been spared the embarrassment and pain of its $2 billion tra...

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JP Morgan Debacle Reveals Fatal Flaw In Federal Reserve Thinking

Simon Johnson | Posted 05.11.2012

Read More: Banking, Banks, Jamie Dimon, JP Morgan, Bankers, Wall Street, JP Morgan Chase, Federal Reserve, Business News
Simon Johnson

In the light of JP Morgan's stunning losses on derivatives, announced yesterday but with the full scope of total potential losses still not yet clear (and not yet determined), Jamie Dimon and his company do not look like any kind of appealing role model.

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Mark Gongloff

JPMorgan Chase Admits Big Losses On 'Egregious' Credit Trades

HuffingtonPost.com | Mark Gongloff | Posted 05.11.2012

Read More: JPMorgan Chase, Video, Credit Derivatives, Banking, Banks, Jamie Dimon, London Whale, Great White Whale, Slideexpand, Volcker Rule, Jpmorgan Chase London Whale, Business News

JPMorgan Chase has suffered big, unexpected losses at a closely watched trading desk, providing fodder to supporters of a new financial regulation the...

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The SAFE Banking Act Will Do What Financial Regulators Thus Far Have Not

Micah Hauptman | Posted 05.10.2012

Read More: Congress, Dodd-Frank, Public Citizen, Financial Reform, Too Big to Fail, Federal Reserve, Shirley Sherrod, Banks, Financial Crisis, Big Banks, Bank Reform, SAFE Banking Act, Wall Street Reform, Bankers, Banking, Wall Street, Business News
Micah Hauptman

Preventing banks from becoming so large, complex, and interconnected that their failure would ravage the economy is the safest guarantee against a future "too big to fail"-driven financial crisis.

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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...

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The Only Way to Fix the World Economy

Mike Lux | Posted 05.09.2012

Read More: European Union, Banks, Europe, France, Big Banks, Economy, Banking, Global Financial Crisis, Wall Street, World Economy, Austerity, Politics News
Mike Lux

We need to not only take back our economic fate from Wall Street, we need to cleanse our values system of their culture as well.

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Too Big To Fail Architect: Don't Blame Me!

Mark Gongloff | Posted 05.07.2012

Read More: Sandy Weill Too Big to Fail, Wall Street, Bank Bailouts, Citigroup Bailout, Too Big to Fail, Banking, Citibank, Banks, Global Financial Crisis, Bank Bailout, Sandy Weill, Citigroup, Business News
Mark Gongloff

The man who brought you Too Big To Fail has had just about enough of everybody blaming him for big banks failing. In an interview with Fortune's Nin-...

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So Much For Shareholder Revolt

The Huffington Post | Mark Gongloff | Posted 05.07.2012

Read More: Video, CEO Pay, Shareholders, Say on Pay, Wall Street, Occupy Wall Street, Banking, Banks, Bankers, CEO Compensation, Business News

The shareholder revolt against banker pay seems to have fizzled out. Shareholders late last week rejected the pay plan for Sterling Bancorp, a New ...

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Define "Extraordinary"

George Goehl | Posted 05.07.2012

Read More: Brian Moynihan, Wells Fargo, Bank of America, Foreclosures, National People's Action, Corporate Power, Robo-Signing, Private Prisons, John Stumpf, Democratic National Convention, Charlotte, Bank of America Shareholders, Banking, Banking Crisis, Banks, Business News
George Goehl

We believe protest at the Bank of America meeting this year is not just normal -- it's the only response that makes sense. We don't want to protest Bank of America's shareholder meeting, but we have to, to protect our country from more unchecked corporate greed and abuse.

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