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Big Banks

Why We Should Be Wary Of Facebook's Patent Technology

Richard Zombeck | Posted 08.07.2015 | Business
Richard Zombeck

Why am I terrified? Because the prospect and potential that this represents means a world without discussion and without ideas. It means a world in which we have to be careful of what we say for fear of not getting that loan, job, or education.

Andrew Lord

Lloyd Blankfein Is Now A Billionaire

HuffingtonPost.com | Andrew Lord | Posted 07.17.2015 | Business

NEW YORK -- Lloyd Blankfein has officially joined the billionaires' club. The Goldman Sachs CEO has a current estimated net worth of $1.1 billion, ...

A Blueprint for Getting America Back on Track

James P. Hoffa | Posted 07.02.2015 | Business
James P. Hoffa

Given the economy's size and complexity, our problems cannot be solved by tinkering around the edges. Instead, a total revamp is necessary, one that both grows the middle class while reining in the runaway excess of the business class.

Amanda Terkel

Jamie Dimon Wants To Mansplain Banking To Elizabeth Warren

HuffingtonPost.com | Amanda Terkel | Posted 06.11.2015 | Politics

There are few people in Congress who criticize big Wall Street banks more than Sen. Elizabeth Warren (D-Mass.) does. A former Harvard bankruptcy law p...

Currency of Banking Isn't Dollars - It's Trust

Keith Mestrich | Posted 05.27.2015 | Impact
Keith Mestrich

When five of the world's biggest banks were busted this week for manipulating the cost of dollars and euros, they did more than violate antitrust laws. They violated the public trust.

Ben Walsh

3 Of The 5 Big Bank Guilty Pleas Aren't All That They Seem To Be

HuffingtonPost.com | Ben Walsh | Posted 05.22.2015 | Business

The Obama administration on Wednesday announced what for years had seemed inexplicably unattainable: guilty pleas from the parent corporations of some...

Who Are the Top Lenders to Small Business?

Mary Ellen Biery | Posted 05.12.2015 | Small Business
Mary Ellen Biery

Financial institutions across the U.S. this week celebrated small businesses in a big way -- offering grants from $10,000 to $100,000, holding seminars, and touting their service and commitment to those firms considered to be the backbone of the U.S. economy.

Why Are Conservatives Abandoning States' Rights for Big Banks?

Paul Bland | Posted 05.08.2015 | Politics
Paul Bland

Why are the Republican Attorneys' General, who go on and on about loving states' rights, trying to roll back the clock to an era when state consumer protection laws were widely stomped out in favor of federal regulatory agencies?

For Cash-Strapped Small Businesses and Entrepreneurs, These Digital Solutions Provide Funds

Shindy Chen | Posted 05.15.2015 | Small Business
Shindy Chen

To round off National Small Business Week, we're looking at ways small business owners and entrepreneurs can get a leg up on short-term funding and beginning capital. All online, and fast.

Michael McAuliff

Bernie Sanders Tries Again To Break Up Too-Big-To-Fail Banks

HuffingtonPost.com | Michael McAuliff | Posted 05.12.2015 | Politics

WASHINGTON -- Sen. Bernie Sanders (I-Vt.) said Wednesday that Congress probably lacks the will to challenge Wall Street, but nevertheless vowed to try...

Sex, Drugs, and No Control: The Wild Ways of Banks Continues

Steven Abernathy and Brian Luster | Posted 06.29.2015 | Business
Steven Abernathy and Brian Luster

How will investors be protected going forward? If history is any indication of the future, banks at times are free to do exactly as they please--as long as they pay to play. Clients deserve far better than illegal, unethical, and egregious behavior from "trusted" banking institutions.

Zach Carter

Elizabeth Warren Hammers The Endless Failures Of Wall Street Regulators

HuffingtonPost.com | Zach Carter | Posted 04.15.2015 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) assailed the nation's top bank regulators on Wednesday for coddling Wall Street offenders and ducking th...

Why a Credit Union Might Be the Smartest Choice You've Ever Made

Rachel Pross | Posted 06.09.2015 | Money
Rachel Pross

Imagine what the U.S. economy would be like without a not-for-profit balance and competitive presence in the financial services marketplace to help keep rates and fees in check.

Big Banks Abuse Consumers and Shake It Off

Jorge Newbery | Posted 05.30.2015 | Business
Jorge Newbery

When the US Justice Department announced last August that it was levying a $17 billion penalty against Bank of America for its role in bringing on the mid-2000s housing crisis, pundits said the sheer size of the fine would make all banks take notice.

Elizabeth Warren Fires Back After Wall Street Threats

The Huffington Post | Lydia O'Connor | Posted 03.28.2015 | Politics

Sen. Elizabeth Warren (D-Mass.) has a blunt message for the big Wall Street banks that may withhold campaign donations to Senate Democrats in hopes of...

1 In 3 Feels Scammed By Big Banks

The Huffington Post | Emily Cohn | Posted 03.13.2015 | Business

Do you feel like you're getting ripped off by your bank? You're not alone.

For Small Businesses, Funds are Now a Click Away

Shindy Chen | Posted 04.14.2015 | Small Business
Shindy Chen

Businesses live and die by it. Growing up the daughter of small business owners, and for anyone who's owned a small business, we can certainly attest to the daily anxiety of taking in enough cash to pay vendors, overhead and employees.

Ben Walsh

Meet The Man Who Wants To Build The ESPN Of Finance

HuffingtonPost.com | Ben Walsh | Posted 02.10.2015 | Business

Inside Keith McCullough's Hedgeye Risk Management: “For better or worse, I’ll die here."

How Big Corporations Evade Real Justice

The New York Review Of Books | Posted 02.02.2015 | Business

So-called “deferred prosecutions” were developed in the 1930s as a way of helping juvenile offenders. A juvenile who had been charged with a crime...

America Should Send More People to Prison

Robert Kuttner | Posted 04.03.2015 | Politics
Robert Kuttner

You know the statistic. We incarcerate a higher proportion of the population than any other country does. Hundreds of thousands of young, now aging, men, are doing hard time for possession of small amounts of drugs. More and more people find themselves in jail because they got caught with bench warrants for their arrest for exorbitant fines they could not afford to pay. More than a century after debtors prisons were abolished, thousands are again behind bars because of debts. But one category of felon is free on the street. I refer, of course, to corporate criminals. Consider the case of a checkout clerk at Walmart who puts her hands in the till and walks off with a couple of hundred bucks of the company's money. That clerk could expect to face prosecution and jail. Now consider her boss, who cheats her of hundreds of dollars of pay by failing to accurately record the time she clocked in, or the overtime she worked.

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 03.22.2015 | 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 02.28.2015 | 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 02.23.2015 | 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...