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Big Banks

Ending Indifference Toward Consumer Financial Safeguards

Steven Smith | Posted 11.12.2015 | Black Voices
Steven Smith

Consumer vulnerabilities affect everyone -- financial institutions and retailers who must bear the cost, small businesses whose reputations' suffer if their consumers are affected by fraud, and most importantly, working class Americans who have to bear these consequences firsthand.

Hillary Is Winning: The Media and Sanders' Campaign Are Freaking Out

Peter D. Rosenstein | Posted 11.05.2015 | Politics
Peter D. Rosenstein

For the first six months of the Democratic primary, the media -- including the New York Times and Washington Post -- relished writing everything they could to hurt the Clinton campaign. But now everything has changed.

Banking on Climate Change

Lauren Compere | Posted 11.05.2015 | Business
Lauren Compere

In little over a month 196 world leaders will gather in Paris at the COP21 climate summit attempting to set a framework to keep the world within a two degree temperature cap -- a limit which experts believe would prevent the worst impacts of climate change.

Friday Talking Points -- Debate Talking Point Rundown

Chris Weigant | Posted 10.16.2015 | Politics
Chris Weigant

Because of the importance of the first debate of the season for Democrats, we're devoting the entire column today to scrutinizing the various talking points (good and bad) delivered by the candidates.

Hillary, Bernie, and the Banks

Robert Reich | Posted 10.09.2015 | Politics
Robert Reich

Giant Wall Street banks continue to threaten the well-being of millions of Americans, but what to do? Bernie Sanders says break them up and resurrect the Glass-Steagall Act that once separated investment from commercial banking. Hillary Clinton says charge them a bit more and oversee them more carefully. Most Republicans say don't worry.

A Summer Tale of a Very Big Bank

Christopher Brauchli | Posted 09.04.2015 | Politics
Christopher Brauchli

The first thing we must note in fairness to Citigroup is that although it agreed to pay $180 million, it didn't admit it had done anything wrong. All it admitted was that the SEC had jurisdiction over the bank and "the subject matter of these proceedings."

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 | 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 | 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 | 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 | 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 | 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 | 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...