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Banking

NYC Needs a Responsible Banking Act

Brad Lander | Posted 05.25.2011 | New York
Brad Lander

A Responsible Banking Act would require banks that want to make money by holding on to our city's cash to put forward a new generation of strategic plans for meeting the credit needs of New York's communities.

What The Beatles' Success on iTunes Means for Banks

Brett King | Posted 05.25.2011 | Business
Brett King

What is under attack here is not The Beatles, it's the physical distribution of goods that can easily be digitized. The bank sector is in massive trouble because almost everything a bank does can be digitized.

North Korea, Ireland and Other Lunatic Nations

Diane Francis | Posted 05.25.2011 | World
Diane Francis

With all the international turmoil, Americans finally, by default, had reason to celebrate Thanksgiving. After all, their problems are soluble.

More Small Banks Are Becoming TARP 'Deadbeats'

washingtonpost.com | Brady Dennis | Posted 05.25.2011 | Business

The latest report from the agency shows that more than 120 institutions - nearly all of them small banks - have missed their scheduled quarterly divid...

How To Start Your Own Bank

Huffington Post | Rebecca Harrington | Posted 04.17.2012 | Business

Starting a bank sounds like an impossible Gilded Age enterprise; more befitting of a Rockefeller than today's small business owner. But it's not as im...

Simple Mortgage Mess Fix Ideal for New Political Realities

W. David Stephenson | Posted 05.25.2011 | Politics
W. David Stephenson

Two years ago I wrote in this space that a simple technological tool, automated, "structured" data feeds, could allow for "smart" regulation of banks...

Banking on Terror

Robert Mazur | Posted 05.25.2011 | Business
Robert Mazur

We need to cut off the financial lifeline for criminal enterprises. Forcing the world's biggest banks to stop their criminal conduct is the first step in the right direction.

WATCH: Interview With Oscar Winning Director Of 'Inside Job'

Constantin Bjerke | Posted 05.25.2011 | Arts
Constantin Bjerke

"When Lehman Brothers, Merrill Lynch, and AIG collapsed together in a 48 hour period and we were all wondering if next week we'd be able to get money ...

How to create a sexy bank

Brett King | Posted 05.25.2011 | Business
Brett King

Getting to the bank of tomorrow seems daunting. For banks that are entrenched in physical elements such as branch distribution networks, long-held con...

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...

Sergey Aleynikov's Trial Will Not Expose Goldman Trading Secrets, Prosecutors Say

Wall Street Journal | Scott Patterson | Posted 05.25.2011 | Business

Goldman Sachs Group Inc. has always closely guarded the secrets of its lucrative high-speed trading system. Now the securities firm is getting a help...

Your Turn: Secret Bank Account

Posted 06.30.2011 | Women

A friend of mine stashes her money in a secret account. And I wonder, do a lot of women do this? if(typeof AOLVP_cfg==='undefined')AOLVP_cfg=[];...

We Don't Have to Throw Homeowners Overboard

Preeti Vissa | Posted 05.25.2011 | Politics
Preeti Vissa

Helping people keep their homes will do far more to stabilize communities and the economy than unleashing yet another tide of foreclosures.

Invasion of the Robot Home Snatchers

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

The disastrous disarray in the housing industry is a direct result of decisions taken during the deregulation frenzy of the Clinton presidency when the securitization of mortgage was removed from any regulatory supervision.

A Foreclosure Moratorium Should Be Just the Start

Preeti Vissa | Posted 05.25.2011 | Politics
Preeti Vissa

The good news is that recent revelations about foreclosures being finalized based on improper documentation have spurred outrage nationwide that could lead to action. The bad news is that it's unclear whether that action will be enough.

Hope: A Call to Leadership in the Foreclosure Fraud Crisis

Jennifer Brunner | Posted 05.25.2011 | Politics
Jennifer Brunner

When the president vetoed H.R. 3808, homeowners were given some protection, but not enough. Obama, who I believe is well-intentioned, can now take a step further, and he needs to.

Think Big Bankers Are Republicans?

Charles Gasparino | Posted 05.25.2011 | Books
Charles Gasparino

Conventional wisdom has it that Wall Street is the ultimate bastion of free-market capitalism and that the big bankers are, of course, diehard Republicans, red to the core. But the truth is far from that.

The beginning of the end for abusive payday loans?

Patrice Peyret | Posted 05.25.2011 | Business
Patrice Peyret

Gary Rivlin's book "Broke USA" describes Sandra Harris, an accounting technician who borrowed $200 from a payday lender to pay her car insurance afte...

BofA Exec Signed But Didn't Read Up To 8,000 Foreclosure Papers Per Month

Posted 05.25.2011 | Business

WASHINGTON (AP, ALAN ZIBEL) -- A Bank of America official acknowledges in a legal proceeding that she signed up to 8,000 foreclosure documents a month...

Notarize This: The Brewing Foreclosure Storm

Jennifer Brunner | Posted 05.25.2011 | Business
Jennifer Brunner

The notary process must not be abused or bypassed when convincing a court to foreclose on a mortgage, evict its inhabitants and sell their home.

The Future of Banking

Vivian Norris | Posted 05.25.2011 | Business
Vivian Norris

Will the emerging market economies be able to sustain optimism or will yet another wave of crisis hit those markets as well? One hopes they do not follow in our Western footsteps.

THE WEASEL BLINKS

Alfred Gingold | Posted 05.25.2011 | Business
Alfred Gingold

Readers of my recent posts know that my wife and I are locked in combat with our mortgage bank, which persists in creating false penalties to add to o...

Bye Bye Tellers - Hello Branch 2.0

Brett King | Posted 05.25.2011 | Business
Brett King

Given the challenges of branch banking today, there's a bunch of innovations taking place in respect to "Engagement Banking" within the branch propert...

What Wall Street Thinks of Wall Street

Danny Groner | Posted 05.25.2011 | Entertainment
Danny Groner

With movie critics split on the film, here's a look at what Wall Street's real bankers -- and those who cover them -- had to say about the movie, its 1987 original, and the larger-than-life Gordon Gekko.

'Aftershock': When CEO Compensation Is Out Of Control

Robert Reich | Posted 05.25.2011 | Books
Robert Reich

The social contract worked to everyone's advantage, because it gave the middle class the buying power to keep the economy going. Even those at the top did well as the economy boomed.