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Banking

Catherine New

Banks At A Tipping Point, Heading For Decline

HuffingtonPost.com | Catherine New | Posted 12.16.2011 | Business

Wall Street has lost its luster. Financial services -- the white-collar industry that has grown to more than 8 percent of the economy -- is at a tippi...

An Offer to the President

Robert Reich | Posted 02.13.2012 | Politics
Robert Reich

We heard what you said last week about the dangers of the increasing concentration of income and wealth at the top. We agree. And many of us are prepared to work our hearts out to get you reelected -- as long as you commit to doing what needs to be done in your second term.

Bernanke's Obfuscation Continues: The Fed's $29 Trillion Bail-Out Of Wall Street

L. Randall Wray | Posted 02.13.2012 | Business
L. Randall Wray

The Fed's bail-out was not $1.2 trillion, $7.77 trillion, $16 trillion, or even $24 trillion. It was $29 trillion. That is, of course, the cumulative total. But even the peak outstanding numbers are bigger than previously reported.

Let's Move it All!: Why Universities and Other Institutions Should Participate in Bank Transfer Movement

Caitlin Dally | Posted 02.11.2012 | College
Caitlin Dally

My university and many other Jesuit institutions uphold a great standard in their commitment to fighting for social justice. Is investing in corporate banks, which foreclose on families who they purposefully target with sub-prime mortgage loans, socially just?

It's (Still) A Wonderful Life: A Remake

Richard Barrington | Posted 02.08.2012 | Business
Richard Barrington

With remakes being so popular in Hollywood, and with banks being so much in the news this year, it begs the question: Could this film be adapted for today's banking environment?

Jon Corzine Dodges the Fraud Question

Janet Tavakoli | Posted 02.08.2012 | Business
Janet Tavakoli

It seems Jon Corzine would have Congress believe he's hopelessly incompetent, because it is better to have them believe that than the business for which he was responsible was breathtakingly wrong.

Would You Login to Your Bank Using Facebook?

Brett King | Posted 02.07.2012 | Business
Brett King

Customers have already decided they want their mobile device to be their bank. They've already decided that they want to discuss your brand and your service capability in the open community of social media.

Brian Moynihan Should Cut Ties With Payday Lenders

George Goehl | Posted 02.07.2012 | Business
George Goehl

If any bank represents the need to have a regulator in place that protects people on consumer financial issues, it's Bank of America. America's bank has become a symbol for all that is wrong with the financial sector.

Would You Rather Watch An Ad Than Pay An ATM Fee? [UPDATE]

The Huffington Post | Jillian Berman | Posted 12.05.2011 | Business

What if there was a simpler solution to avoiding an ATM fee than running all over town looking for an in-network machine? One Brooklyn, New York-based...

Catherine New

Fee-Dependent Prepaid Card Maker Moves Into Banking

HuffingtonPost.com | Catherine New | Posted 11.29.2011 | Business

In the latest signal that the economic crisis has fundamentally changed the way Americans handle their money, the largest provider of prepaid debit ca...

Obama's Corzine Problem

Charles Gasparino | Posted 01.28.2012 | Business
Charles Gasparino

Just a few months ago Jon Corzine was on the short list to be Treasury Secretary, but now he's ignoring a request to testify before a subcommittee investigating the demise MF Global and setting up a showdown that could have major implications for the president's re-election.

When Times Are Tough, True Leaders Emerge

Rev. Seamus P. Finn, OMI | Posted 01.28.2012 | Religion
Rev. Seamus P. Finn, OMI

Those who are called to leadership when times are tough will be searching for allies and ideas from all sectors. They face a disgruntled, angry and dispirited public that has lost faith in its political and financial leaders.

What the Occupy Movement and Mobile Means for Banking

Brett King | Posted 01.18.2012 | Business
Brett King

The Occupy Movement has emphasized our changing 'trust' in the big banks. Mobile is changing the way we interact day-to-day. But how are these two ele...

A Massive Positive Impact Potential: 5 Reasons Colleges and Universities Should Move Their Money

Zoe Mendelson | Posted 01.18.2012 | College
Zoe Mendelson

By keeping their massive endowments in big banks, colleges inherently support the behaviors of those banks and everything those banks invest in. And those things happen to constitute the seeds sowed from which we now reap this crisis.

My Latest Preoccupation

Marian Salzman | Posted 01.23.2014 | Politics
Marian Salzman

Ladies and gentlemen of the Preoccupied movement, allow me to redirect your attention to another location, because Wall Street is getting stale (word ...

GOP Congressman Struggles To Manage Second Career As Banker

Reuters | Scot J. Paltrow | Posted 01.09.2012 | Politics

Gingrey was an obstetrician and proudly reports on his website that he has delivered 5,200 babies. He is a politician, representing Georgia's 11th con...

What the Death Penalty and Foreclosure Have in Common (You Will Be Surprised)

Adam Levin | Posted 01.03.2012 | Politics
Adam Levin

Supreme Court Justice Potter Stewart famously found the death penalty harsh and random because different states applied different rules at various times when deciding whom they would execute. In a way, the foreclosure crisis is similarly harsh and random.

The Last Enclaves of Banking Freedom

Bruce Fein | Posted 12.31.2011 | Business
Bruce Fein

The sole enclaves of banking choice now are Native American tribes endowed with sovereign powers pursuant to treaties or otherwise.

Fighting Back: My Bill to Prohibit Fees on Debit Cards

Rep. David Cicilline | Posted 12.26.2011 | Business
Rep. David Cicilline

Charging hardworking families a monthly fee for them to use their own money to purchase ordinary necessities is outrageous and it needs to stop.

Big Banks' Latest Problem? They're Sitting On Too Much Cash

The Huffington Post | Alexander Eichler | Posted 12.25.2011 | Business

The economy is only barely growing, making some consumers and businesses skittish about taking out loans and with banks not lending that money out, it...

Global Regulators Ease Rules To Boost Trade With Low-Income Countries

Posted 12.25.2011 | Business

LONDON/PARIS, Oct 25 (Reuters) - Global banking regulators eased their capital reserves rules on Tuesday to boost trade with low-income countries,...

The Consumers' Role in CFPB Supervision

Kevin L. Petrasic | Posted 12.24.2011 | Business
Kevin L. Petrasic

Recently, the Consumer Financial Protection Bureau (CFPB) released Version 1.0 of its Supervision and Examination Manual. The Manual represents perhaps the single most important document that will be issued by the new CFPB.

The Volcker Rule -- What Does it Mean?

Kevin L. Petrasic | Posted 12.13.2011 | Business
Kevin L. Petrasic

The challenge is how to make our banks and our banking system stronger with the right dose of regulatory medicine. Too little will be ineffectual and too much may produce more complications than benefits.

Too Big to Care: All Out of Love with Bank of America

Martha Flumenbaum | Posted 12.12.2011 | Business
Martha Flumenbaum

Sorry, Bank of America. Could have been so beautiful. Could have been so right. But I'm not paying $5 a month to spend my own money. It's your loss.

Bank of America: The Wrong Kind of Responsive

John Bates | Posted 12.11.2011 | Business
John Bates

Anti-regulation pundits immediately blamed the Dodd-Frank Act; and presumably this was part of the reason for the debit card decision. But this is the wrong kind of responsive.