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Banking

When It Comes to the DoJ and Wall Street, Don't Call It "Justice"

Richard (RJ) Eskow | Posted 11.11.2012 | Politics
Richard (RJ) Eskow

Why is the Attorney General, along with others in the Administration, arguing against indicting Wall Street bankers?

Senators Try To Slow Financial Reform

Mark Gongloff | Posted 11.10.2012 | Business
Mark Gongloff

Imagine a world where banks can appeal to the highest office in the land for help if some pesky financial regulator tries to tell them what to do. It's easy if you try: There is in fact a bill slouching its way through the Senate right now that would give the president of the United States the power to slam the brakes on new regulations that banks find insufficiently lenient, the New York Times writes.

The Omerta Surrounding Goldman Sachs: A Documentary

Vivian Norris | Posted 11.03.2012 | Business
Vivian Norris

If it is true we are sleepwalking into a depression worse than we have known before, we must wake up quickly.

Catherine New

Check Cashiers: Unlikely Hero For The Poor

HuffingtonPost.com | Catherine New | Posted 08.29.2012 | Money

NEW YORK -- On a recent summer morning at a noisy South Bronx intersection, a man walked into RiteCheck, a check cashing store, to use the ATM machine...

The Five Most Irritating Statements...

Tarun Sakhrani | Posted 10.28.2012 | Business
Tarun Sakhrani

Three continents and three banks later, I can say for certain that there is a certain commonality among all bankers; it is as if they are all ingrained with the same thought process, same genetics, or at least the same mannerisms.

Wall Street Lobbies to Prevent SEC Changes to High Frequency Trading and Stock Market Structure

Jeff Connaughton | Posted 08.23.2012 | Business
Jeff Connaughton

As a former lobbyist, I almost had to admire the way they unswervingly stayed on message. And the message was that the status quo was good for everyone and that Ted and I were wasting our time exploring whether market changes might call for statutory and regulatory changes.

Time Banks

Paul Rockower | Posted 10.20.2012 | Impact
Paul Rockower

"Time is the most valuable commodity we can spend," stated the ancient Greek philosopher Theophastus; in Time Banks, the idea that "time is money" tak...

Why I Still Do Business With Bank Of America

The New York Times | Posted 10.22.2012 | Money

Okay, I've admitted it: I bank with a big, money-center bank. Specifically, Bank of America. It's not the sole institution with which I bank. But I...

Without Dimon, Who Will Fight For Wall Street? Hint: Lobbying Army

Mark Gongloff | Posted 10.21.2012 | Business
Mark Gongloff

Oh noes, everyone, terrible news: Wall Street is now officially leaderless in its fight to protect the American economy from the horrors of regulation.

Bank Fees Survey Mid-2012: Checking and ATM Costs Jump Again

Richard Barrington | Posted 10.20.2012 | Money
Richard Barrington

Nearly any way you slice it, checking accounts became a little more expensive in the first half of 2012. However, the results also indicate that consumers still have several options for combating these costs.

The Unrepentant and Unreformed Bankers

Phil Angelides | Posted 10.20.2012 | Business
Phil Angelides

These days, the business sections of newspapers read like rap sheets. Money laundering. Price fixing. Bid rigging. Securities fraud. Talking about the mob? No, unfortunately. Wall Street.

What's Protecting Your eWallet?

Daniel Burrus | Posted 10.17.2012 | Technology
Daniel Burrus

Increasingly, we'll see biometrics being used on our phones and tablets, and on all our computing devices as we make the switch from the leather wallet to the digital wallet.

Saving the Post Office: Letter Carriers Consider Bringing Back Banking Services

Ellen Brown | Posted 10.15.2012 | Business
Ellen Brown

Adding banking services is an internationally proven way to maintain post office profitability.

How Consumers Can Avoid Hurting Their Credit Score: Dos and Don'ts

Jeff Hindenach | Posted 10.10.2012 | Money
Jeff Hindenach

Whether you want to buy a new car or rent an apartment, your credit score can help lenders determine how attractive you are as a borrower. The problem is, many of us don't know how our credit scores are calculated or how we may be damaging them.

Catherine New

Prepaid Cards Have A Short, Expensive Life

HuffingtonPost.com | Catherine New | Posted 08.09.2012 | Money

Short-lived and high-priced. Such is the life cycle of a prepaid card. Consumers only use a card for six months on average before moving on to anot...

A New Cause Business Is Banking on Consumer Interest

Joe Waters | Posted 10.08.2012 | Impact
Joe Waters

The Beatles were right: money can't buy you love. But it can buy us a better world, which might explain why consumers are setting aside their own interests in favor of products and services that put others first.

Banks' Drug Money Problem

Bloomberg View | Jonathan Weil | Posted 08.04.2012 | Business

Bloomberg View: To grow up in South Florida during the 1970s and 1980s, as I did, wasn’t your typical American childhood experience. Back then th...

Feds Subpoena Bank Of America Over Libor Scandal

BloombergBusinessweek | Hugh Son | Posted 08.02.2012 | Business

Bank of America Corp. (BAC), the second- biggest U.S. lender, received formal inquiries from investigators pressing their probe into the possible rigg...

Take Charge Before Your Bank Charges You

Mary Johnson | Posted 10.01.2012 | Money
Mary Johnson

If you're a young adult, college student, or previously "unbanked," understanding your needs and priorities is paramount to picking the account option and bank that work best for you.

How to Fix the Banking Sector

Cyrus Moore | Posted 09.30.2012 | Business
Cyrus Moore

Until the culture within the banking sector is systematically overhauled by regulators whose policies reflect the moral code of our society as a whole, we will never put our banking sector in order.

The Missing Business Voice -- Can Sandy Weill Lead the Parade?

Judith Samuelson | Posted 09.29.2012 | Business
Judith Samuelson

The cynicism that is engendered when someone like Weill, or Welch, changes his stripes is understandable. Who wants to hear from the guys who already cleaned up in Act 1? But, frankly, I find it refreshing. Where are today's leaders on these same subjects?

The Terrible Economy and the Anti-Election of 2012

Robert Reich | Posted 09.28.2012 | Politics
Robert Reich

Romney has decided to campaign as the anti-Obama. The two anti-the-other-guy strategies fit with a ton of negative advertising that's just begun but will reach mammoth proportions after Labor Day. Much of it will be financed by super PACs and by political fronts already taking in hundreds of millions of dollars in secret donations. Romney's camp hopes to out-negative Obama by almost two to one. So whatever happens on Election Day, the next president will have to contend with two handicaps. The public won't have endorsed any new ideas or bold plans, which means he won't have a clear mandate to do anything on the economy. The only thing the public will have decided is it fears and distrusts the other guy more. Which means the winner will also be burdened by almost half the electorate thinking he's a scoundrel or worse.

Ryan Grim

Elizabeth Warren On Libor: 'Go Get 'Em'

HuffingtonPost.com | Ryan Grim | Posted 07.27.2012 | Politics

WASHINGTON -- Now that the details of the global Libor interest-rate scandal are beginning to emerge more fully, the question becomes what, if anythin...

Is Honesty a New Paradigm in Banking?

Jon Stein | Posted 09.19.2012 | Business
Jon Stein

"Honesty" and "banking" are rarely mentioned in the same breath these days, but here's a reason companies should act in their customers' best interests: if they don't, it's likely their former employees will tell on them.

4 Ways Smartphones Will Replace Brick-and-Mortar Banks

Bethy Hardeman | Posted 09.17.2012 | Money
Bethy Hardeman

New technology, along with America's growing acceptance of the digital wallet, means it won't be long before most of us are reaching for our cell phones to pay the cashier.