Big Banks

Facebook IPO Fiasco Cost Major Bank Millions

Reuters | Posted 05.26.2012

Read More: Facebook IPO 2012, Ubs, Morgan Stanley, Facebook IPO, Reuters, Nasdaq, Business News, Facebook Ipo Ubs, Big Banks, Business News

NEW YORK (Reuters) - UBS AG had trading losses of around $30 million stemming from Facebook Inc's botched initial public offering on Nasdaq OMX Group ...

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Banking Industry Reaps Biggest Earnings Since Before Crisis

Reuters | Posted 05.25.2012

Read More: U.S. Banks, 2008 Financial Crisis, u.s. Banking Industry Earnings 1q 2012, Video, u.s. Banking Industry, Reuters, Business News, Banking Crisis, Financial Crisis, Bank Earnings, Big Banks, Business News

WASHINGTON, May 24 (Reuters) - The U.S. banking industry for the first quarter reported its highest quarterly earnings since the first half of 2007,...

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Man Buys Puppy, Car With Thousands Wells Fargo Accidentally Dumped In His Account

Posted 05.24.2012

Read More: Michael H, Wells Fargo, Joseph Bucci Wells Fargo, Slideexpand, Big Banks, Video, Accidental Bank Account, Wells Fargo Account, Business News, Accidental Millionaires, Shopping Spree, Joseph Bucci, Business News

One man is facing possible jail time after he allegedly spent tens of thousands of dollars that Wells Fargo accidentally deposited into his account. ...

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This Guy Is Probably The Nicest Banker In America

The Huffington Post | Alexander Eichler | Posted 05.23.2012

Read More: Small Businesses, Local Businesses, Video, Wall Street, Community Banks, New York State, Patrick Cullen, Cattaraugus, Local Banks, Big Banks, Small Banks, Credit Unions, Money News

If you were going to sit down and design the opposite of a Wall Street banker, you would probably come up with someone like Patrick Cullen. Cullen ...

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Progressives Do NOT Hate Wealth -- a #PPSA

Sally Kohn | Posted 05.18.2012

Read More: Humor, Money, Mark Zuckerberg, Economy, Jobs, Facebook IPO, Big Banks, Wall St, Income, Ows, Shareholder Protests, Politics, Video, Wealth, Eduardo Saverin, Tarp, Occupy Wall St, Inequality, Economic Justice, Politics News

In the first in a series of POLITICAL Public Service Announcements (#PPSA), I take on the conservative myth that liberals hate wealth and success. Not...

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Fed Up With Big Banks

Gordon Whitman | Posted 05.17.2012

Read More: Foreclosure, Big Banks, Los Angeles, New York City, Banking, Move Your Money, Banks, Bankers, Get Money Out, Credit Unions, Business News

When individuals, religious institutions and local and state governments decide to move their money, it puts direct pressure on banks and on the federal government to change their policies. Cities and states have incredible leverage if they chose to use it.

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Romney: Big Banks Can Fail

The Huffington Post | Luke Johnson | Posted 05.17.2012

Read More: Video, Tbtf, Election 2012 Blog, 2012 Election, Mitt Romney 2012, Too Big to Fail, Mitt Romney, Elections 2012, Big Banks, Politics News

Mitt Romney said Wednesday that he believes a big bank should be allowed to fail if it runs into financial difficulty. "My own view is that if a la...

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Wall Street, Romney, and Obama

Mike Lux | Posted 05.16.2012

Read More: JPMorgan Chase, Economy, Mitt Romney, Mortgage Crisis, Jamie Dimon, Business, Big Banks, Barack Obama, Obama Wall Street, Wall Street, Romney Bain Capital, Politics News

Bain Capital was Wall Street at its worst. But the Obama team, in the White House and in the campaign, in order to win on the Bain attack, needs to face -- and turn around -- the perception that the administration has been weak on Wall Street.

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On Financial Genius and Banking Boo-boos

Robert Teitelman | Posted 05.16.2012

Read More: Andrew Ross Sorkin, Meet the Press, Jamie Dimon, JP Morgan, Joe Nocera, Big Banks, Hedge Funds, Business News

The columns, blogs, tweets and sober cud-chewing over the J.P. Morgan Chase & Co. trading debacle continues. What have we learned? Well, not as much as you'd think, given the notion that the Internet is the greatest investigative reporter since Woodward and Bernstein.

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Occupy Jail, Occupy Big Banks

Reverend Billy | Posted 05.15.2012

Read More: JPMorgan Chase, Carbon Emissions, Bank of America, Big Banks, Police State, Occupy Wall Street, Business News

To shout "You put billions into C02 emitting industries!" in a bank lobby -- oh the echo comes back as the Devil's bad gas. Come with us behind the lines. Nothing -- nothing is scarier than a big bank lobby. Revolujah!

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A Dimon in the Rough

D. Sidney Potter | Posted 05.14.2012

Read More: Foreclosures, Citigroup, Volcker Rule, Wells Fargo, Derivative Fiasco Loss, Big Banks, Alley, Bank of America, JPMorgan Chase, Mortgage, The London Whale, $2 Billion Loss, Occupy Wall Street, Banking, Jaime Dimon, Real Estate, Business News

Like a fat kid and chocolate cake, some things are just inseparable. And CEO Jaime Dimon of JPMorgan Chase has proven that parable with his near insatiable appetite in saying the wrong thing at the wrong time.

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Why Jamie Dimon Has Egg On His Face

Posted 05.10.2012

Read More: JPMorgan Chase, Video, Proprietary Trading, Jamie Dimon Volcker Rule, Business News, Jamie Dimon, Jpmorgan Chase Huge Loss, Great White Whale, Big Banks, Volcker Rule, Business News

Oh, the irony. After roundly criticizing regulations aimed at preventing banks from taking huge and unsustainable risks with their own money, Jamie...

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The SAFE Banking Act Will Do What Financial Regulators Thus Far Have Not

Micah Hauptman | Posted 05.10.2012

Read More: Congress, Dodd-Frank, Public Citizen, Financial Reform, Too Big to Fail, Federal Reserve, Shirley Sherrod, Banks, Financial Crisis, Big Banks, Bank Reform, SAFE Banking Act, Wall Street Reform, Bankers, Banking, Wall Street, Business News

Preventing banks from becoming so large, complex, and interconnected that their failure would ravage the economy is the safest guarantee against a future "too big to fail"-driven financial crisis.

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Regulator Outlines Strategy To Avoid Future Wall Street Bailouts

HuffingtonPost.com | Mark Gongloff | Posted 05.11.2012

Read More: Video, Fdic, Federal Deposit Insurance Corporation, Martin Gruenberg, Too Big to Fail, Financial Crisis, Banks, Financial System, Wall Street Banks, 2010 Financial Overhaul Law, Big Banks, Business News

The problem with banks being too big to fail is not necessarily their bigness, but their failure. Like a runaway train plowing through a city block, a...

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The Only Way to Fix the World Economy

Mike Lux | Posted 05.09.2012

Read More: European Union, Banks, Europe, France, Big Banks, Economy, Banking, Global Financial Crisis, Wall Street, World Economy, Austerity, Politics News

We need to not only take back our economic fate from Wall Street, we need to cleanse our values system of their culture as well.

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How BofA Is Trying To Change Its Image

Reuters | Posted 05.04.2012

Read More: Video, Bank of America Ad Agency, Reuters, Bank of America, Bank of America Occup Wall Street, Business News, Bank of America Reputation, Big Banks, Bank of America Debit Card Fees, Business News

By Rick Rothacker CHARLOTTE, N.C., May 3 (Reuters) - Bank of America Corp said on Thursday it has selected a team at ...

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Investor: 'Big Banker Pay Hasn't Been Tamed At All'

Reuters | Posted 05.03.2012

Read More: Ubs Shareholders Executive Pay, Ubs, Ubs Shareholders, Shareholders Protest Executive Pay, Shareholders, Video, Executive Pay, Reuters, Business News, Big-Bank-News, Executive Pay Packages, Big Banks, Business News

By Katharina Bart ZURICH, May 3 (Reuters) - UBS became the latest bank to face the anger of its shareholders over exec...

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Goldman: This Regulation Will Kill 300,000 Jobs

Mark Gongloff | Posted 05.02.2012

Read More: Big Banks, Goldman Sachs, Regulations, Banks, Wall Street, Financial Reform, Too Big to Fail, Federal Reserve, Christopher Moltisanti, Dodd-Frank, Financial Regulation, Christopher Moltisanti Award for Anti-Regulatory Excellence, Business News

By now, we're almost as sick of writing about Wall Street fighting new regulation as you are of reading it. It's always the same thing: Wah, we're big...

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'Too Big to Fail' Banks Less Profitable and More Risky Than Sustainability-Focused Banks

R. Paul Herman | Posted 04.30.2012

Read More: Too Big to Fail, Financial Crisis, Bank Investors, Sustainability Banks, Big Banks, Profitable Banks, Credit Unions, Business News

Successful banking in the 21st century will focus on these new fundamentals so that those banks following this approach can truly become "too sustainable to fail."

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Banking Wars

Mike Lux | Posted 04.27.2012

Read More: Elections 2012, Mortgage Crisis, Big Banks, Eric Schneiderman, Economy, Politics News

One of the biggest unresolved issues in the 2012 election will be whether President Obama can convince the swing voters who are both angry at Wall Street and skeptical of government that he will actually hold Wall Street accountable.

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Clergy To Wells Fargo: Time For Deep Soul Searching

Ryan J. Bell | Posted 04.26.2012

Read More: Easter, John Stumpf, Pico, Big Banks, Wells Fargo, Occupy Faith, Religion News

It is high time that Wells Fargo CEO John Stumpf address our communities and put his "hand in the wounds" of our families. It's time for him to see and feel the mental and financial toll experienced by the millions of homeowners.

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Which Golden Rule?

Mike Lux | Posted 04.23.2012

Read More: Financial Crisis, Richard Parsons, Business, Big Banks, Economy, Glass-Steagall, Economic Crisis, Citigroup, Corporate Morality, Business News

The notion of a business completely unconnected in its ethos from its workers and customers, along with the community and country in which it operates, is in fact a recipe for disaster.

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It's Finally Happened: A Missed Connection At Goldman Sachs

Posted 04.22.2012

Read More: Vampire Squid, Goldman Sachs, Video, Missed Connections, Goldman Sachs Missed Connection, Craigslist, Business News, Goldman, Craigslist Missed Connections, Love, Big Banks, Love at First Sight, Business News

Love in the belly of the Vampire Squid. Take it in. It could be the title of the next fairytale romance. At least if one Craigslist Missed Connecti...

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Watchdog Probing Whether Overdraft Programs Go Far Enough

Posted 04.20.2012

Read More: Dodd-Frank Act, Video, Bank Fees, Consumer Financial Protection Bureau, Financial Reform, Banks Overdraft Fees, Business News, Overdraft Fees, Overdraft Protection, Big Banks, Banks Overdraft Protection, Debit Card Fees, Business News

The top consumer watchdog is scrutinizing big banks to see if their overdraft protection policies are doing enough to keep Americans from unwittingly ...

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The Banks Have Two Years To Get Ready For The Volcker Rule

Reuters | Posted 04.20.2012

Read More: Dodd-Frank Act, Video, Federal Reserve Volcker Rule, Dodd-Frank, Financial Reform, Reuters, Business News, Volcker-Rule-Deadline, Volcker Rule Implementation, Federal Reserve, Paul Volcker, Big Banks, Volcker Rule, Business News

* Fed clarifies 2-year compliance period for Volcker rule * Fed has said may miss July deadline to finalize rule * Delay...

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