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Banking Industry

New Report: The Financial Industry Costs U.S. Taxpayers Trillions

Lynn Parramore | Posted 07.26.2016 | Business
Lynn Parramore

America's financial system is broken for all but a few at the top -- that much is plain. The rest sense that we are stuck on the minus end of some great financial formula, but given the complexity and size of Big Finance, it's hard to pin down exactly why it happens and how it all adds up.

Trump, Hillary Haters Take a Hard Look at the Constitution Party

Judy Frankel | Posted 05.25.2016 | Politics
Judy Frankel

Speaking in a southern drawl from Memphis, Tennessee, Darryll Castle, Presidential nominee for the Constitution Party answered my questions.

Davos' FinTech Left One Innovation Out

Ella Thuiner | Posted 01.28.2016 | Business
Ella Thuiner

Today's IT infrastructures in banks have grown historically over decades. Creating a helicopter view of the IT landscape is sometimes impossible because it takes a large group of experts from different areas in a bank to talk to each other in order to get an overview.

Future of Banking: Will Google Or Amazon Be Your Future Bank?

April Rudin | Posted 01.06.2016 | Business
April Rudin

If you're a Millennial - that is, someone born between the years 1981 and 2000 - this imagined future probably doesn't seem far-fetched at all, as 73 percent of this generation would be more excited by a financial services offering from one of those five companies than from their own nationwide bank.

The Banking Industry's Transparent Attempt To Weaken The CFPB

Sen. Elizabeth Warren | Posted 10.21.2015 | Politics
Sen. Elizabeth Warren

Votes over the CFPB present the same choice today that they always have -- a choice between big banks and predatory lenders on one side and families on the other. It's time to say no to the big banks and no to their lobbyists, their lawyers and their Republican friends in Congress.

Bank Tellers Deserve $15 an Hour, Too

Keith Mestrich | Posted 08.25.2015 | Impact
Keith Mestrich

Wages are not just line items on a budget -- they are the basis of people's livelihoods. It's time to face reality. Raising bank employees' wages will be good for them, New York state, New York City, our economy and our industry.

Currency of Banking Isn't Dollars - It's Trust

Keith Mestrich | Posted 05.26.2016 | Impact
Keith Mestrich

When five of the world's biggest banks were busted this week for manipulating the cost of dollars and euros, they did more than violate antitrust laws. They violated the public trust.

How Can We Transform Workplaces to Drive Wellbeing? A Finance Industry Perspective

Nicola Ruane | Posted 05.06.2015 | World
Nicola Ruane

Regaining the public's trust is on the priority list of most, if not all, of our global financial institutions and is critical, not just for the banks reputation but for employees also, and here's why.

Bank Profits Hit Record High

AP/HuffPost | Posted 10.29.2013 | Business

WASHINGTON -- U.S. banks earned more from April through June than during any quarter on record, aided by a steep drop in losses from bad loans. The...

The 10 Most Hated Industries In America

The Huffington Post | Harry Bradford | Posted 08.24.2013 | Business

The U.S. economy may be struggling to recover from the Great Recession, but the reputations of the industries many blame for the collapse aren't havin...

Why Senator Warren's '21st Century Glass-Steagall Act' Is Never Going to Happen

Casey Bond | Posted 10.20.2013 | Business
Casey Bond

Reinstating the act wouldn't instantly fix everything that's wrong with our system, but it sure would be a much-needed start -- just don't count on it ever happening.

Did You Know Overdraft Fees Are on the Rise?

MyBankTracker | Posted 09.24.2013 | Business
MyBankTracker

Banks continue to raise the fee that is charged when customers spend more than they have in their accounts. Since the end of 2012, the average fee for a $50 overdraft has increased from $33.70 to $34.90 at the 10 largest U.S. banks.

Mark Gongloff

Bankers Agree They Get Paid Way Too Much: Survey

HuffingtonPost.com | Mark Gongloff | Posted 06.06.2013 | Business

If you are like 99.999 percent of humans, then you make much, much less money than bankers. You are likely aware of, or even angry about, this. But yo...

What Wall Streeters Are Willing To Do When You Cut Their Precious Bonuses

The Huffington Post | Harry Bradford | Posted 03.15.2013 | Business

News flash: Apparently some Wall Street workers are only in it for the money. In 2012, 41 percent of Wall Street workers admitted to being ready to...

Those Banks Can't Lose Money All By Themselves

The Huffington Post | Mark Gongloff | Posted 12.03.2012 | 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...

Consumer Bureau Bashed As Job Killer

The Huffington Post | Catherine New | Posted 07.25.2012 | Business

Job killer. That's the label one libertarian analyst of the banking industry slapped on the year-old Consumer Financial Protection Bureau at a congres...

Wall Street Reform: Taking a Knife to a Gunfight

Sanjay Sanghoee | Posted 07.24.2012 | Business
Sanjay Sanghoee

If Congress is truly serious about banking reform, it needs more than just well-intentioned laws: it also needs the right people to enforce those laws, it needs to give those people the resources they require to do their job properly, and it needs to pay them decently.

Cooperative Banking is the Exciting Wave of the Future

Ellen Brown | Posted 05.23.2012 | Business
Ellen Brown

Globally, a burgeoning movement for local, cooperatively owned and community-oriented banks is blazing the trail toward a new, sustainable form of banking.

Getting Clear About Voting Independent

Mitchell J. Rabin | Posted 06.01.2012 | Politics
Mitchell J. Rabin

What matters is having a leader, not a politician, assume political office. And so I suggest that people look to break out of the two-party trance and take on a pro-active role in taking your government back to serve You, your family, your friends, your community.

Gen-X/Gen-Y Wealth Is Coming to Wall Street -- Financial Services Needs to "Catch the Wave"

April Rudin | Posted 05.27.2012 | Money
April Rudin

The differentiators and qualities displayed by Gen-X and Gen-Y need to be well-understood and addressed to attract the the next wave of wealth.

Good Decisions Require Proper Framing

Annie Duke | Posted 05.05.2012 | Money
Annie Duke

I can say a lot of things about green unicorns that might sound perfectly reasonable. Like green unicorns don't fare well in captivity because they ar...

Mark Gongloff

The Incredible Shrinking Bank Of America

HuffingtonPost.com | Mark Gongloff | Posted 02.02.2012 | Business

Once the biggest bank in the country, Bank of America is shrinking before our very eyes. After more than three years at the top, Bank of America is...

With Metlife Deal, GE Takes On $7.5 Billion In Consumer Banking Deposits

Posted 12.27.2011 | Business

(BEN BERKOWITZ and TANYA AGRAWAL, Reuters) - General Electric Co jumped into the retail deposits business on Tuesday, buying the online bank from lif...

Is Your Bank One Of The Biggest 'Climate Killers'?

Posted 12.02.2011 | Green

Are big banks financing climate change? A new study detailing big banks' lending to the coal industry over the past six years says yes. "Bankrollin...

Bankers Face Double Whammy Of Job Cuts And Sluggish Hiring

Posted 01.11.2012 | Business

Bankers, enduring rounds of deep job cuts, face the grim prospect of having nowhere to turn to for immediate employment in the industry, as nearly all...