The bank gambling trade association and its regulators are giving each other high-fives over an agreement that supposedly makes it easier to bail out a failed mega-bank. Progress? If viewed from the vantage of an average taxpayer who finances bank bailouts, the progress is miniscule.
When we hear that a mother is on maternity leave, most of us smile and realize it's a special time in that family's life. But often banks hear something else -- they hear something has led lenders to deny the home mortgage loans for expecting families.
The jobs report on Friday showed the economy created 248,000 jobs in September and the unemployment rate fell below 6.0 percent for the first time since the early days of the recession. This is good news for workers. While we are still far from anything resembling full employment, it is getting easier for people to find jobs.
Undoubtedly there are positives to Holder's tenure as attorney general, but one really big minus is his decision not to prosecute any of the Wall Street crew whose actions helped to prop up the housing bubble.
With the advent of online business lending services like Kabbage, it's easier for small businesses to get the funding they need to get off the ground. But is it always the best option to go with an online lender?
We are witnessing a vast change in the way we pay for things with tipping subsidizing companies, fees fattening airlines, banks and hotels against the interest - and often the foreknowledge - of the customer.
U.S. banks are seeing some of the lowest loss rates of the past six years on commercial real estate and construction loans, boosting their case for ...
We have the central bank of the US acting deliberately to keep workers from getting pay increases. They justify their actions over concerns about inflation, but we need not take these seriously. Who knows what they believe, but the real-world risk of a dangerous inflationary spiral ranks alongside the risk of attacks by Martians.
The word "speculator" has often been conflated with "entrepreneur," and both of them tarred with the brush of "con men."
If you watched this drama closely, you surely noticed how narrowly we conceptualize corruption in America. In effect, general influence peddling and election purchasing, which we see more commonly, are legitimate.
Tens of thousands of precedents exist public ownership and they are indeed interesting. But a listener to Brancaccio could not be faulted for coming away with the impression that public enterprises are few and far between.
Serious people have been suggesting that we think hard about eliminating paper currency. Paper money facilitates criminality and creates the zero lower bound (ZLB) for nominal interest rates. So, why not just get rid of it and replace it with electronic money?
How often do you see those two words together? Rarely indeed. Banks are not necessarily what we call leisure places, final destinations, or halls of fun
This settlement sends a strong message that banks that prey on customers and investors will be held accountable. I will continue to investigate financial institutions that bend the rules for their own benefit, and pursue equal justice for all New York families.
Six years after the financial crisis demonstrated that the mega-banks are too big to fail, regulators have now officially determined that more must be done before one can fail without triggering a bailout.
First, let's start with the good (if you can really call it that) news: A trail of money that began with triple-digit loans to troubled New Yo...