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Big Banks

Jamie Dimon, JPMorgan CEO, Gets Millions In Cash Bonus

Reuters | David Henry & Avik Das | Posted 01.22.2015 | Business

Jan 22 (Reuters) - JPMorgan Chase & Co paid Chief Executive Jamie Dimon a first cash bonus in three years, part of a total 2014 pay package of $20 mil...

Dueling Wall Street Taxes

Sarah Anderson | Posted 01.20.2015 | Politics
Sarah Anderson

There's a pattern here. Whenever the push for taxing Wall Street speculation starts to build some serious steam, the Obama administration dusts off their proposal for a big bank fee. This fee idea was is a good one. The problem: Obama officials have presented the big bank fee as an alternative to a financial transaction tax.

Stocking Stuffers for Criminal Corporations: 2014 Was the Year of Billion-Dollar Settlement Deals With Perks

Michelle Surka | Posted 12.29.2014 | Politics
Michelle Surka

2014 was the year that nine-figure government settlement deals with corporations passed from shocking anomaly to normal event.

It's a Wonderful Life, Comrade

Michael Winship | Posted 12.24.2014 | Politics
Michael Winship

The Hollywood Christmas classic was once accused of hiding a subversive Communist message. A number of years ago, I was telling a longtime city dweller friend of mine yet another story about the small, upstate New York town in which I grew up.

Zach Carter

Why Mitch McConnell Plans To Troll Elizabeth Warren

HuffingtonPost.com | Zach Carter | Posted 11.14.2014 | Politics

WASHINGTON -- Sen. Mitch McConnell (R-Ky.), looking forward to a GOP Senate majority, laid out the Republicans' 2015 financial policy platform: trolli...

The World's Leaders Are Failing To Curb Corruption. Here's Why

Frank Vogl | Posted 11.21.2014 | Crime
Frank Vogl

Rogue current and former dictators and global bribe-paying giant corporations are enjoying levels of impunity, which only encourage international corruption and money laundering. The G20 needs to use this event to forcefully declare "NO IMPUNITY."

10 Iconic Photos Of Occupy Wall Street, 3 Years Later

The Huffington Post | Kevin Short | Posted 09.17.2014 | Business

Wednesday marks the third anniversary of the Occupy Wall Street movement. On September 17, 2011, demonstrators descended on lower Manhattan to prot...

JPMorgan Hackers Didn't Steal Any Money: Report

Reuters | Posted 11.13.2014 | Business

BOSTON, Sept 12 (Reuters) - Hackers accessed dozens of servers at JPMorgan Chase & Co in a cyberattack launched in June, though no money was taken, ...

What Do Banks Have to Hide From CFPB's Efforts to 'Make the Market for Credit Work Better'?

Ed Mierzwinski | Posted 10.22.2014 | Business
Ed Mierzwinski

This month, two different but powerful Wall Street bank lobbies launched self-serving attacks on the Consumer Financial Protections Bureau's most recent efforts to make banking markets more transparent. What do the banks have to hide?

Bank Of America Deal A Victory For New York Families

Eric T. Schneiderman | Posted 10.21.2014 | Politics
Eric T. Schneiderman

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.

Bank Of America Agrees To Pay $16.65 Billion To Settle Mortgage Charges

Reuters | Posted 08.21.2014 | Business

WASHINGTON, Aug 21 (Reuters) - Bank of America Corp has reached a $16.65 billion settlement with U.S. regulators to settle charges that it misled inve...

Breaking Up (the Banks) May Not Be Quite So Hard to Do

Bartlett Naylor | Posted 10.20.2014 | Business
Bartlett Naylor

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.

$128 Billion In Bank Fines, In 1 Chart

The Huffington Post | Kevin Short and Mark Gongloff | Posted 08.08.2014 | Business

Bank of America's reported $17 billion settlement over bad mortgages would be the biggest in a string of increasingly expensive bank punishments. But ...

Loyalty and Responsibility

William B. Bradshaw | Posted 07.31.2014 | Politics
William B. Bradshaw

We hear so much these day about banks and companies that have become so large they are unable to manage themselves -- that there are so many layers of bureaucracy that illegal and unethical behavior can go undetected for years.

Our Fraudulent Two-Tiered Justice System

Carl Gibson | Posted 07.29.2014 | Politics
Carl Gibson

We're all familiar with the golden rule, right? I'm not talking about the "do unto others" bit from The Bible, but the "He who has the gold makes the ...

Shocker: 3 Banks Accused Of Rigging

AP | Posted 07.20.2014 | Business

AMSTERDAM (AP) — European Union regulators on Tuesday charged banks JPMorgan, HSBC and Credit Agricole with colluding to manipulate the price of fin...

Report: Big Bank Expected To Plead Guilty To End Tax-Evasion Probe

Reuters | Posted 05.15.2014 | Business

(Reuters) - Credit Suisse Group AG is expected to plead guilty and pay nearly $2.5 billion to U.S. authorities to end a probe of potential tax evasion...

Tim Geithner and the Wall Street Bailout Redux

Robert Reich | Posted 07.14.2014 | Business
Robert Reich

Timothy Geithner's new book about the financial crisis, Stress Test, is basically an argument that the Wall Street bailout succeeded. That's hardly surprising, given that Geithner was in charge of the bailout when Treasury Secretary, and so has an inherit interest in telling the public it succeeded.

Democratic Former Lawmaker Disapproves Of The Party's Relationship With Citigroup

The Huffington Post | Christine Conetta | Posted 04.30.2014 | Politics

Former Rep. Brad Miller (D-N.C.) disapproves of the revolving-door relationship Capitol Hill Democrats have with Wall Street banks, such as Citigroup....

U.S. Close To Bringing Criminal Charges Against Big Banks

The New York Times | Posted 04.29.2014 | Politics

Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a developmen...

Small Business Lending Plummets as Loans to Big Business Soar

Stacy Mitchell | Posted 06.24.2014 | Small Business
Stacy Mitchell

Studies show locally owned businesses are a primary source of net new job creation. Yet independent businesses in many sectors are losing market share, while the number of new startups has steadily fallen over the last two decades.  Insufficient capital is a key culprit driving these trends.

Fed Study Reveals Large Advantage Of Too Big To Fail

Reuters | Posted 03.25.2014 | Business

(Adds Fed's Fisher, bank group comment) By Emily Stephenson and Jonathan Spicer NEW YORK, March 25 (Reuters) - A landmark study by Federal Reser...

Choking Off Access to Credit

Javier Palomarez | Posted 05.25.2014 | Business
Javier Palomarez

Those already squeezed may soon feel choked as a new, coordinated effort among the U.S. Department of Justice and federal banking agencies threatens to further restrict access to credit.

You're the Customer. Why Do They Think You Work for Them?

Martha Rogers | Posted 05.20.2014 | Business
Martha Rogers

My husband is a television guy, so we have screens everywhere. Everything works fine, except the kitchen TV. "Hello," I say to the cable company. "Me ...

10 Tips for Fighting the Uphill Business Loan Battle

Tom Lowery | Posted 05.06.2014 | Small Business
Tom Lowery

With such a low percent of net interest margin, the best possible outcome on a loan for these money making lenders is to get paid back all of its principal and make a small spread on the interest.