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Banking Industry

Departing Regulator: Government, Banks Suffer From 'Short-Termism'

The Huffington Post | Bonnie Kavoussi | Posted 08.25.2011 | Business

Sheila Bair, outgoing chair of the Federal Deposit Insurance Corp., said on Friday that the American government and financial system are in danger of ...

Tim Geithner: Banks Have Spent Vast Sums To 'Erode' Financial Reform

The Huffington Post | Bonnie Kavoussi | Posted 08.23.2011 | Business

Nearly one year after Congress passed financial reform, Timothy Geithner appears to have had enough with anti-Dodd-Frank lobbying efforts. Treasury...

Fannie Mae Appoints Industry Veteran As New Chief Financial Officer

AP | Posted 08.22.2011 | Business

WASHINGTON -- Fannie Mae is naming banking industry veteran Susan McFarland as its chief financial officer. McFarland takes over for deputy CFO David...

Simpler Mortgage Forms Tested By New Consumer Protection Bureau

Posted 07.18.2011 | Business

WASHINGTON (Dave Clarke) – The new consumer financial products agency is testing out slimmer and clearer mortgage disclosure forms, to make borr...

The U.S. Banking Industry Is Shrinking: Who Benefits?

Posted 06.28.2011 | Business

By Knowledge@Wharton Though the U.S. banking sector was in recovery mode in 2010, it still managed to reach some highs and lows. There were 157 ban...

Two Top Contenders Emerge To Head Consumer Protection Agency

Reuters | Posted 06.05.2011 | Business

April 6, 2011 1:39:49 AM WASHINGTON (Reuters) - The White House is considering Federal Reserve Governor Sarah Raskin and former Michigan Gov. J...

Obama, Daley, and Progressive Strategy Now

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

Progressives cannot afford to take the attitude that with Bill Daley as White House Chief of Staff, all is lost and we should just give up on trying to influence policy and politics in regards to economics and other issue areas.

The Path to Third World Status

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

Political leaders engaging in rhetoric with violent undertones and economic elites deciding they can pretty much ignore the law and run roughshod over anyone they want to is a formula for political violence and instability.

President Obama Should Have Fought This One

Jim Wallis | Posted 05.25.2011 | Politics
Jim Wallis

Obama has again bent to the economic philosophy that rewards the casino gamblers on Wall Street and leaves the majority of the country standing outside the casino with a tin cup -- hoping that the gamblers are at least big tippers.

Banks Value Social Responsibility More After Crisis

nytimes.com | REUTERS | Posted 05.25.2011 | Business

NEW YORK (Reuters) - The global financial crisis led to tighter regulation of the banking industry's excesses, but a top British banker says it had a ...

Book Review: The Complete Banker Series

Brett King | Posted 05.25.2011 | Business
Brett King

The majority of banks, including major brands like BofA and HSBC, are still, unbelievably, not engaging customers through social media because they are applying old-world advertising and marketing metrics to the medium.

Reykjavik: Still Scandinavia's Coolest Hot Spot

Liza Weisstuch | Posted 05.25.2011 | Travel
Liza Weisstuch

It wasn't too long ago when Iceland was something of the prom queen of nations, the envy of countless other countries. Which is precisely why this makes now an ideal time to pay a visit.

The End of the Banking Era

Aaron Greenspan | Posted 05.25.2011 | Business
Aaron Greenspan

Recently, Blockbuster Video declared bankruptcy. The news wasn't particularly surprising to anyone who had been following the market for video rental...

The Broken Global Banking System

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

How many Americans understand how broken and defective the banking system as a whole has become? For the crazy facts are these: bankers now borrow from their customers and from taxpayers.

Loosening the Iron Grip of Corporate Power

Mike Lux | Posted 05.25.2011 | Business
Mike Lux

A citizen movement is bubbling up through the barriers of special interest concrete in Washington that is not driven by tea party anti-government fervor, but by the hopes of regular folks who believe we can take our country back.

Help Report The March on Wall Street

HuffPost Citizen Reporting | HuffPost Citizen Reporting | Posted 05.25.2011 | Business

National People's Action, the organizers of Showdown in Chicago, last summer's impressive bank-busting protests, are planning a 10,000 person march o...

The Long, Long Odds

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

The short review of financial reform is that reformers won some and lost some. But however you feel on the upbeat/downbeat scale, the fact that we won anything is pretty remarkable.

FInancial Reform Bill's Prospects 'Brighten' In Congress

nytimes.com | SEWELL CHAN | Posted 05.25.2011 | Business

WASHINGTON -- The prospect of a financial regulatory overhaul's passing Congress brightened on Thursday, as representatives of the banking industry le...

Buy a Business Instead of Starting One From Scratch

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Buying a cash flowing business is a better, safer investment than starting one from scratch. Start now though, or you might miss a window of opportunity while values are still depressed.

Have You Heard of the Interchange Fee?

Pedro Nava | Posted 05.25.2011 | Los Angeles
Pedro Nava

Interchange fees cost Americans $48 billion a year.

The Curse of the Wall Street Liberals

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

There are ways for Obama to shed the Wall Street liberal label. The problem, though, is that too many of Obama's advisors are just the kind of Wall Street liberals that deserve the title.

Fix Banking Sector In Six Steps

bloomberg.com | Roger Lowenstein | Posted 05.25.2011 | Business

Financial reform seems to be flailing. Legislation has been proposed, but it is complicated and diffuse. Most of the proposed fixes are incremental ch...

The Number One Goal: Less Power for the Big Banks

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

At a retreat this last weekend sponsored by the Roosevelt Institute on financial reform issues (I have to take a break from health care every once in ...

Obama Goes For It

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

I have complained many times about Obama not wanting to go with a populist message. Yesterday, in a proposal to impose a major new surtax on the biggest banks, he really went for it.

Empower Stockholders To Dictate Executive Salaries

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Headlines shout about overly generous executive compensation packages. Some say it is disgusting, obnoxious and egregious.