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Big Banks

Community Bank To Pay Customers To Open Accounts In Response To BofA's Fees

Posted 10.14.2011 | Business

While many banking giants are starting to charge fees for debit card use and other once-free services on checking accounts, one regional bank is doing...

Report: Goldman Tells Staffers To Stay Away From Protests

The Huffington Post | Jillian Berman | Posted 12.13.2011 | Business

Goldman Sachs employees better not think of grabbing lunch or taking in the scenery at Zucotti Park. "The firm” as it’s known among its workers ha...

JPMorgan Chase To Lay Off 1,000 Over 18 Months

Posted 10.13.2011 | Business

(Reuters) - JPMorgan Chase & Co's quarterly earnings fell 25 percent, excluding an accounting gain, as European financial turmoil reduced demand f...

Citigroup CEO: Occupy Wall Street's Sentiments Are 'Completely Understandable'

Posted 12.12.2011 | Business

Vikram Pandit, CEO of one of the most visible Wall Street institutions in Citigroup, said he thinks the sentiments of the Occupy Wall Street protester...

After Fee Announcements, Banks Offer Best Customers Cheap Cash

The Huffington Post | Jillian Berman | Posted 12.12.2011 | Business

As big banks ratchet up fees on once-free checking accounts, they’re looking to entice some of their most credit-worthy customers to take on more de...

Chicago to Wall Street: Pay Us Back!

Mary Bottari | Posted 12.12.2011 | Business
Mary Bottari

Chicagoans took to the streets this week to hold the big banks accountable for crashing the economy and to demand city, state and federal policies that work for working families.

After Debit Card Fee, BofA Aims To Revamp Image With Ads

Posted 12.12.2011 | Business

Bank of America Corp, (BAC.N) under fire for everything from improper foreclosures to hiking debit card fees, is fighting back with advertising. ...

A Leaderless Movement Full of Leaders

George Goehl | Posted 12.11.2011 | Chicago
George Goehl

Every movement worth its salt has had countless nameless heroes who made tough sacrifices and took incredible risks to make things right. That is exactly what thousands of Chicagoans did yesterday.

Whose Side Are You On: The Moral Clarity of Occupy Wall Street

Robert L. Borosage | Posted 12.07.2011 | Politics
Robert L. Borosage

No one is confused about the message. Wall Street got bailed out; Main Street was abandoned. The top 1% rigs the rules and pockets the rewards. And 99% get sent the bill for the party they weren't even invited to.

Lehmen Sued Goldman Unit For Canceling Sale

Posted 12.07.2011 | Business

A unit of Lehman Brothers Holdings Inc (LEHMQ.PK) sued an affiliate of Goldman Sachs Group Inc (GS.N), saying it used pretextual excuses to avoid ...

Occupy Utah?

Jake Rush | Posted 12.06.2011 | Home
Jake Rush

It's ironic that I have a laundry list of grievances with Chase, yet nonetheless bank with them. I need to cancel my accounts.

Demanding Accountability for Wall Street's "Greedapalooza"

Bennet Kelley | Posted 12.06.2011 | Politics
Bennet Kelley

September '11 is the moment the lobster said the water is getting too hot; it is the moment the people said the U.S. does not belong to those with the most money, but to working Americans whose voices have been ignored for too long.

The Big Banks Lose Control of the Optics

Joseph A. Palermo | Posted 12.06.2011 | Business
Joseph A. Palermo

If the feds under Reagan could prosecute a couple of corrupt high rollers on Wall Street, why can't they do it under Obama?

BofA CEO: We Have A 'Right To Make A Profit'

Posted 12.06.2011 | Business

Bank of America CEO Brian Moynihan has said his bank’s new $5 fee debit card fee is justified because the bank “has a right to make a profit,” a...

Bank Of America Blames Website Issues On Upgrade

Posted 12.06.2011 | Business

Bank of America Corp (BAC.N) said an ongoing upgrade and heavy traffic was behind six days of problems with its banking website, easing concerns a...

LIVE UPDATES: Occupy Wall Street Protesters To March With Unions, Others

Posted 12.05.2011 | Business

Occupy Wall Street, the gathering that began as a relatively marginalized group in a Manhattan park, will march Wednesday with the support of union an...

Federal Reserve: Big Banks Should Tie More Employee Pay To Risk

Posted 12.05.2011 | Business

WASHINGTON (Dave Clarke) - Large banks need to tie more employees' compensation to the risk their decisions pose to the banks through such things...

LIVE UPDATES: Occupy Wall Street Movement Spreads To Other Cities

Posted 12.04.2011 | Business

Occupy Wall Street began as a relatively marginalized group protesting in a Manhattan park. That has changed. (CLICK HERE FOR LIVE UPDATES) ...

Inspired By Occupy Wall Street, Protests Start In Other Cities

AP | By CHRIS HAWLEY | Posted 12.04.2011 | Business

BY CHRIS HAWLEY, Associated Press NEW YORK -- Protests against Wall Street entered their 18th day Tuesday as demonstrators across the country show ...

Man Sues BofA After He's Locked In Connecticut Branch

Posted 11.26.2011 | Business

Already this year Bank of America has allegedly dealt with depositing $30,000 of Social Security payments into the wrong account and asking a man to p...

'Governments Don't Rule The World, Goldman Sachs Rules The World'

The Huffington Post | Jillian Berman | Posted 11.26.2011 | Business

Goldman Sachs rules the world and the Euro zone is poised to crash, according to trader Alessio Rastani. "This is not a time right now for wishful...

SEC Reportedly Probes Possible Insider Trading Before U.S. Downgrade

Posted 11.20.2011 | Business

Securities regulators have sent subpoenas to hedge funds and other trading firms as it probes possible insider trading before the U.S. government'...

Big Bank Surcharge Not 'Anti-American,' Top European Regulator Says

Posted 11.19.2011 | Business

FRANKFURT, Sept 19 (Reuters) - A proposed capital surcharge for big banks is not anti-American and will help reduce the risk of big bank failures,...

Rogue Trader Fallout: UBS Starts Internal Probe Into $2.3 Billion Loss

Posted 11.19.2011 | Business

ZURICH (Reuters) - UBS kicked off an internal investigation into the catastrophic failure of its risk systems after rogue equity trades cost the S...

Loss From Bank Giant's Scandal Reaches $2.3 Billion

AP | FRANK JORDANS | Posted 11.18.2011 | Business

GENEVA — Oswald Gruebel, the chief executive of UBS, has dismissed calls for his resignation as politically motivated, even as the Swiss banking...