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Banking Crisis

Obama, Geithner, and the Next Financial Crisis

Robert Kuttner | Posted 12.09.2011 | Business
Robert Kuttner

Populist rhetoric when angry people are in the streets demanding accountability for bankers is a start, but talk is cheap. If the banking mess turns critical again, we will see what this president has learned, and what he is made of.

Wall Street Protests: A Democracy Reform Agenda Is Born

Josh Silver | Posted 12.06.2011 | Politics
Josh Silver

What the Occupy Wall Street movement understands is that we need to stop politicians from being bribed while we get more people involved in our democracy. If we do this, we will see a profound shift in policy outcomes in every issue we care about.

Another Systemic Dislocation:The International Banking System Again on the Brink

Asher Edelman | Posted 11.27.2011 | Business
Asher Edelman

Since January it has become more and more apparent that the commodities exchanges, commodities brokers and banks are running "short" or even running "out" of physical gold for delivery.

'Cheap Money Has Failed'

Bloomberg | Karl Heinz Daeke | Posted 11.16.2011 | Business

When will politicians finally accept that their ideology of cheap money has failed? A low-interest-rate policy after the dot-com frenzy encouraged ...

UBS And The Rogue Banking System

Julian Kossoff | Posted 11.30.2011 | UK
Julian Kossoff

There is stiff competition for the title of the world's worst bank but the Swiss shambles, UBS, must now have pushed aside the financial catastrophes that are Bank of America, Royal Bank of Scotland, HBOS and CitiBank, to sit atop the whole stinking heap.

How Did European Banks Trap Themselves in a Replay of the 2007 Crisis?

Georges Ugeux | Posted 11.08.2011 | Business
Georges Ugeux

At a conference in New York at the end of 2008, Obama's economic advisor, Larry Summers made a prophetic remark at an event organized by the Economist.

Banks Slash Jobs But Severe Headwinds Remain

Gemma Godfrey | Posted 11.02.2011 | Business
Gemma Godfrey

As banks all over the world slash jobs, we ask ourselves -- will this produce more streamline firms ready to generate significant profits, or is it a sign of the poor outlook for the sector?

Why Buffett's 'Shared Sacrifice' Should Only Be The Start

Bloomberg | Jonathan Weil | Posted 10.25.2011 | Business

Whenever the leadership class feels nervous, you can count on some of them to offer the less-moneyed masses a bone to demonstrate they care. Warren Bu...

Somethin's in the air: What Happened to Scruples?

Lydia Fisher | Posted 10.15.2011 | Business
Lydia Fisher

If financial warfare is here to stay, doesn't it behoove those who run banks and nations to manage well as any one is vulnerable? And now that we've created this global financial hydra, and global world at large, how's it being managed and is it even possible?

HSBC Chairman: Capping Executive Pay Would Be 'Irresponsible'

Posted 07.27.2011 | Business

LONDON (Sudip Kar-Gupta and Sarah White) - HSBC Holdings Plc executives faced investor anger on Friday over lackluster returns and high executive pay,...

38 Billion Dollars in Overdraft Fees Is Ridiculous

Patrice Peyret | Posted 07.20.2011 | Business
Patrice Peyret

$38 Billion during a single year? That's $126 for every single of the 300 million Americans, including newborns and the millions without a bank account.

By the Time You Read This: Why the Mortgage Crisis Dwarfs Almost Everything

Richard (RJ) Eskow | Posted 05.30.2011 | Business
Richard (RJ) Eskow

The mortgage crisis in this country doesn't get much attention in Washington these days, but it's huge. It's so huge, in fact, that it dwarfs most of the economic issues that have Washington in their grip.

If Japan Can Address Her Crises, Then the U.S. Can Address Job and Energy Insecurity

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

The valuable argument coming from the ashes of this crisis is simple: Japan can afford to rebuild. The economic possibilities of nations depend on human, technological and organizational power.

A Celtic Wanderer (PHOTOS)

Liza Weisstuch | Posted 09.20.2011 | Travel
Liza Weisstuch

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WI Firefighters Spark "Move Your Money" Moment

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

As word spreads that M&I bank is one of Walker's biggest backers, hundreds of firefighters closed their accounts and withdrew their life savings.

Zero Reserve Banking?

Scott Baker | Posted 05.25.2011 | Business
Scott Baker

Last March, Ben Bernanke wrote: The Federal Reserve believes it is possible that, ultimately, its operating framework will allow the elimination of m...

Help Wanted: An Opportunity We Shouldn't Miss

Preeti Vissa | Posted 05.25.2011 | Business
Preeti Vissa

It may not be visible inside the beltway of Wall Street, but there's a vast talent pool out there. And for the new financial regulatory system to work, these new views and voices need to be included.

The Next Global Banking Crisis Is 3 Years Away, Firm Says

The Atlantic | Derek Thompson | Posted 05.25.2011 | Business

Let's start in 2011. The world is in a three-speed recovery, with Europe at the bottom, the U.S. in the middle, and Asia growing between 6 and 10 perc...

What Does WikiLeaks have on Bank of America?

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

WikiLeaks founder Julian Assange is promising to unleash a cache of secret documents from the hard drive of a U.S. megabank executive. In 2009, he told Computer World that the bank was Bank of America (BofA).

Full Catastrophe Banking in 2011

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Here are eight things to watch out for in 2011 that threaten to rock the financial system and undermine any recovery.

Rescued Banks Teeter Towards Collapse

The Huffington Post | Amy Lee | Posted 05.25.2011 | Business

Nearly 100 banks previously rescued by the federal government are again poised to fail, despite billions of dollars of support from the American Treas...

Thomas Kinkaid Painting

Jeff Danziger | Posted 05.25.2011 | Politics
Jeff Danziger

...

Mortgage Fraud Summit Reveals Both Systemic Fraud and FBI's Seeming Blind Eye

Suzanne O'Keeffe | Posted 05.25.2011 | Business
Suzanne O'Keeffe

To combat mortgage and foreclosure fraud, we first need to understand the nature of the fraud. There are the small-potato schemes -- the loan modifica...

The Great American Payout

Tom Silva | Posted 05.25.2011 | Business
Tom Silva

America is a nation of optimists. Just two years after declaring this the worst financial crisis since the Depression, it now appears that we are starting to ante up again by releasing our cash.

You Say You Want a Constitution?

Silja Bára Ómarsdóttir | Posted 05.25.2011 | World
Silja Bára Ómarsdóttir

The Beatles' song "Revolution" has been in my mind all day. That's because this morning I woke up as a newly elected representative to the country's new constitutional assembly.