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Big Banks

Jason Cherkis

Occupy Atlanta Wins Deal With BB&T, Saves Historic Church | Jason Cherkis | Posted 01.18.2012 | Business

WASHINGTON -- Occupy Atlanta can declare another victory in its fight against big banks. Six days ago, Pastor Dexter Johnson called on the organizers ...

Pay For Goldman Sachs Employees Has Little To Do With Performance

The Huffington Post | Alexander Eichler | Posted 01.23.2012 | Business

Goldman Sachs isn't likely to garner much public favor when it announces its earnings this week, as forecasts predict that the bank will boost the sha...

Regulator Approves Rule Requiring Big Banks To Submit 'Living Will'

AP | By MARCY GORDON | Posted 01.17.2012 | Business

WASHINGTON -- The largest banks must show how they would break up their assets if they were in danger of failing, under a rule approved Tuesday. The ...

Union Eyes Dual Chairman-CEO Roles At Goldman, JPMorgan Chase

Reuters | Posted 03.18.2012 | Business

* Union seeks to cut CEO power at JPMorgan, Goldman, others * Independent chair hottest governance issue in 2012 - analysts ...

Housing Bust Continues To Haunt Big Banks

AP | By PALLAVI GOGOI | Posted 01.14.2012 | Business

NEW YORK -- The economy may be healing, but banks are suffering from a housing hangover. JPMorgan Chase spent $3.2 billion last year to fight lawsuit...

Ben Hallman

Big Bank's Profit Plunged Last Quarter | Ben Hallman | Posted 03.14.2012 | Business

NEW YORK -- Wall Street earnings season kicked off Friday with JPMorgan Chase & Co. reporting its financials after a year in which the biggest consume...

While The Young Receive Pink Slips, Wall Street Execs Get Smaller Paychecks

The Huffington Post | Alexander Eichler | Posted 01.23.2012 | Business

Wall Street firms will be getting a more modest payday this year, though how long it lasts will be anyone's guess. Executive paychecks at big finan...

2012: For Banks, The Year Of Fear And Litigation, And A Chance For Peace

Ray Brescia | Posted 03.12.2012 | Business
Ray Brescia

In order to restart the housing and mortgage finance sectors, and reduce the legal cloud hanging over the banks, a simple solution exists: the meaningful modification of underwater mortgages.

Fess Up! SEC Pushes Banks To Disclose Europe Exposure

The Huffington Post | Bonnie Kavoussi | Posted 01.09.2012 | Business

Regulators are asking American banks to stop glossing over their vulnerability to the crisis in Europe. The Securities and Exchange Commission issu...

Ben Hallman

Bank Mistake May Cost Foreclosure Lawyer Her Home | Ben Hallman | Posted 01.07.2012 | Business

Christine Jackson's three-bedroom wood-frame home in Indianapolis is in danger of foreclosure. It's not because she can't afford her mortgage, but bec...

Catherine New

Banks May Get Creative With Fees In 2012 | Catherine New | Posted 12.29.2011 | Business

Squeezed by regulations under the Dodd-Frank financial reform law, banks are looking to find new ways to wring fees from customers. In 2012, expect to...

BofA Moves On Stalled Mortgage Loan After Couple Makes Music Video

AOL Daily Finance | Eamon Murphy | Posted 12.29.2011 | Business

It might not be the right method for everyone seeking a home loan -- it requires both a good credit score (798) and some singing and guitar-playing sk...

Foreclosures Taking Nearly Three Times As Long To Process As In 2007

The Huffington Post | Alexander Eichler | Posted 12.28.2011 | Business

If the American housing market is ever to recover -- and provide some momentum to a broader economic turnaround -- it needs to work its way through th...

More Than One-Third Of Layoffs At One Big Bank To Hit NYC

Posted 12.27.2011 | Business

More than one-third of job cuts at Morgan Stanley will likely hit workers in New York City. Nearly 600 of the 1,600 job cuts that Morgan Stanley a...

With Metlife Deal, GE Takes On $7.5 Billion In Consumer Banking Deposits

Posted 12.27.2011 | Business

(BEN BERKOWITZ and TANYA AGRAWAL, Reuters) - General Electric Co jumped into the retail deposits business on Tuesday, buying the online bank fro...

Blood on the Street

James Berman | Posted 02.21.2012 | Business
James Berman

Today's market confronts multiple macro pressures: a euro debt crisis, a feeble global economy and social unrest in many parts of the world. But as a ...

Alexander Eichler

Bloomberg Releases Most Detailed Description Yet Of Federal Reserve Emergency Loans | Alexander Eichler | Posted 12.23.2011 | Business

Add up the emergency loans the Federal Reserve distributed to banks between 2007 and 2009 -- when the American economy lurched closer to collapse than...

Fed Proposes Tougher New Rules For Biggest Banks

AP | PALLAVI GOGOI | Posted 02.19.2012 | Business

NEW YORK — The Federal Reserve on Tuesday said the largest U.S. banks and financial companies should hold extra cash on their balance sheets to ...

BofA Shares Dip Below $5 For The First Time Since March 2009

Posted 12.19.2011 | Business

Shares of Bank of America Corp traded below $5 on Monday for the first time since the depths of the current bear market in March 2009. The sto...

Fitch: Only Eight Banks Are Candidates For Government Bailout

AP | Posted 12.16.2011 | Business

NEW YORK -- Fitch Ratings says U.S. government financial support for banks is declining and argues that future bailouts will likely be restricted to j...

Report: SEC Wants To Appeal Blocked Citi Settlement

Posted 12.15.2011 | Business

Enforcement staff of the Securities and Exchange Commission may request the commissioners leading the agency that they appeal last month's reject...

Big Banks Rank Among The Most LGBT-Friendly Workplaces

Posted 12.10.2011 | Business

They may be vilified for debit card fees and shoddy mortgage loans, but big banks are among the most LGBT-friendly places to work, a new study finds. ...

Zombie Banks: A New York Story in Three Parts

Jim Luce | Posted 02.08.2012 | Business
Jim Luce

I spoke to Yalman Onaran about his insightful Zombie Banks. Everyone is afraid that the world economy is about to go into a second recession, I asked him. Why are we heading in that direction?

Wells Fargo To Pay Big To Settle Bid Rigging Case

AP | PALLAVI GOGOI | Posted 02.07.2012 | Business

Wells Fargo will pay $148.2 million to settle federal and state charges that it rigged dozens of bidding competitions to win business from cities and ...

Jamie Dimon Blasts 'Rich Is Bad' Rhetoric

AP | Posted 02.06.2012 | Business

NEW YORK — Jamie Dimon, the CEO of JPMorgan Chase & Co., is railing against bashing the rich. Dimon was responding Wednesday to a question at a...