iOS app Android app

Banking

Be Glad There's Not A Wave Of Mergers And Acquisitions

Mark Gongloff | Posted 06.02.2013 | Business
Mark Gongloff

There are a couple of stories today questioning why an expected wave of mergers and acquisitions hasn't happened yet. We should be glad it hasn't.

It's Trick or Treat in Cyberland...

Rebecca Abrahams | Posted 06.01.2013 | Technology
Rebecca Abrahams

Mobile connectivity is exploding and smartphones and tablets are whetting the appetites of cyber criminals and the population of hacker world. Any device that has information stored on it is vulnerable.

Mark Gongloff

Bank Of America Best At Being The Worst

HuffingtonPost.com | Mark Gongloff | Posted 03.29.2013 | Business

This looks like it could finally be Bank of America's year. The No. 2 U.S. bank by assets has for the past four years finished in the top three of...

WalMart Is Finally (Sort Of) a Bank

Ron Galloway | Posted 05.28.2013 | Business
Ron Galloway

WalMart really did, this time, finally get its bank. But will it work for them as a business? Should they be in the banking business at all?

Big Banks Face $100 Billion Legal Tab (At Least)

The Huffington Post | Mark Gongloff | Posted 03.28.2013 | Business

You may think that being a too-big-to-fail bank is just one long, consequence-free romp, but it does come at some cost: an enormous and growing legal ...

Mark Gongloff

Senate Shows Unanimous Support For Ending Too-Big-To-Fail Subsidy

HuffingtonPost.com | Mark Gongloff | Posted 03.25.2013 | Business

In these hostile times, it's heartening to see there's still one thing able to bring Republicans and Democrats together: hating on banks. The U.S. ...

Cyprus -- The Nightmare Scenario

Laurence J. Kotlikoff | Posted 05.24.2013 | World
Laurence J. Kotlikoff

The Cypriot banks did what all banks do. They gambled. They borrowed money by taking in deposits as well as selling bonds, promised to repay, and then invested in assets they were sure would pay off. These assets included lots and lots of Greek government bonds.

Mark Gongloff

OMG: Truly Clueless Money Saving Advice From Bankers

HuffingtonPost.com | Mark Gongloff | Posted 03.21.2013 | Business

Hello, average American. If you're anything like me, and why wouldn't you be, then you worry constantly about money. Fortunately for us, eFinancia...

Mark Gongloff

Analyst Compares Bank Regulation To Drone Attacks

HuffingtonPost.com | Mark Gongloff | Posted 03.18.2013 | Business

What do bank regulations and drone attacks have in common? If you answered, "Nothing, what a stupid question," then you are obviously not famous bank ...

Three Tips for Getting a Business Loan: What You Need to Know

Mary Ellen Biery | Posted 05.18.2013 | Small Business
Mary Ellen Biery

Applying for a business loan can be intimidating and stressful, and it can be confusing to have an application rejected with little explanation. Three of these steps are described below, and should be completed prior to approaching a financial institution about a loan.

Cyprus: Europe Violates the Sanctity of Insured Deposits

Georges Ugeux | Posted 05.18.2013 | Business
Georges Ugeux

Europe has crossed the red line of the sanctity of insured deposits by making them subject to a partial confiscation.

Mark Gongloff

Eric Holder Should Probably Read This

HuffingtonPost.com | Mark Gongloff | Posted 03.13.2013 | Business

While Attorney General Eric Holder and the media fret about whether to charge banks with crimes and risk harming innocent people, the Attorney General...

Mark Gongloff

Elizabeth Warren Blasts Senate Republicans For Holding Up CFPB Nomination

HuffingtonPost.com | Mark Gongloff | Posted 03.13.2013 | Business

Elizabeth Warren may be glad she didn't end up running the Consumer Financial Protection Bureau, because in her consolation job as a U.S. senator, she...

Bank Regulator Hid Settlements From Public: Report

The Huffington Post | Mark Gongloff | Posted 03.12.2013 | Business

At the request of rule-breaking bankers, a top U.S. regulator has for years settled bank cases in secret, raising the bar on just how far regulators a...

Mark Gongloff

Elizabeth Warren Goes Off On Wrist Slaps For Banks

HuffingtonPost.com | Mark Gongloff | Posted 03.08.2013 | Politics

Sen. Elizabeth Warren unloaded on bank regulators Thursday about the fact that British bank HSBC is still doing business in the U.S., with no criminal...

Mark Gongloff

Banks Get Clean Bill Of Health From Fed

HuffingtonPost.com | Mark Gongloff | Posted 03.07.2013 | Business

Most of the biggest banks in the U.S. have passed the Federal Reserve's latest stress test, designed to measure their ability to withstand a crisis. W...

Congress Must End 'Too Big to Jail'

Stefanie Ostfeld | Posted 05.07.2013 | Politics
Stefanie Ostfeld

There is a clear role for the Treasury, and senators should use today's hearing to clarify it. If the Treasury has a responsibility to coordinate and ensure regulatory oversight of U.S. financial institutions, then what is it doing to ensure financial regulators provide stronger oversight?

Reward Investors in Banks That Break Up

Brent Budowsky | Posted 05.07.2013 | Business
Brent Budowsky

I agree with George Will about as often as the Boston Red Sox agree with the New York Yankees, but as the law of broken clocks suggests, we must both be right at least twice a day.

Big Banks Big In All The Wrong Places

The Huffington Post | Mark Gongloff | Posted 03.07.2013 | 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...

9 Sweet Ways to Totally #Crush That I-Banking Internship

Lance Pauker | Posted 05.01.2013 | College
Lance Pauker

My raging case of little brother syndrome has prompted me to a). possibly throw my life away via the insufferable millennial need to do something "cool," and b). have become an unlicensed cultural commentator. Here, some ways to #makeit as a person aspiring to "summer" in the Hamptons.

Big Banks Aid In Payday Loans Banned By State

www.nytimes.com | Posted 04.26.2013 | Business

Major banks have quickly become behind-the-scenes allies of Internet-based payday lenders that offer short-term loans with interest rates sometimes ex...

Meet the Voice of Angry Homeowners

Joel Sucher | Posted 04.24.2013 | Business
Joel Sucher

Senka Huskic is mad, very mad and wants you to share that anger. Every notable historical battle that's pitted the outraged against the outrageous a...

The Enemy of My Banker Is My Friend

Jerry Ashton | Posted 04.23.2013 | Politics
Jerry Ashton

From the look of things, entering its "terrible twos," OWS is still working through a learning curve on this. If it doesn't manage to find common ground with other activists, this may be a cautionary tale for protests groups in the U.S. and throughout the world.

Report: U.S. Banks Actually Bigger Than Entire U.S. Economy

The Huffington Post | Mark Gongloff | Posted 02.20.2013 | Business

Perhaps you know about U.S. banks being too big to fail, or to jail, or to take to trial. But quite literally, you may not know the half of it. Th...

Zach Carter

Top Fed Official Endorses Breaking Up 'Too Big To Fail' Banks

HuffingtonPost.com | Zach Carter | Posted 02.19.2013 | Politics

WASHINGTON -- A top Federal Reserve official is having second thoughts about his 2009 declaration that breaking up the biggest Wall Street banks is "m...