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Big Banks

FDIC Proposes Bigger Fees For Megabanks

AP | Posted 05.25.2011 | Business

WASHINGTON — Federal bank regulators have proposed a new system of fees paid by U.S. banks that would shift more of the burden to bigger institution...

Lenders Pass Costs Of New Rules Onto Big Borrowers | AARON LUCCHETTI | Posted 05.25.2011 | Business

Banks feeling squeezed by rising regulatory costs are trying to pass along the pain to big corporate borrowers. In the past several weeks, lenders ...

How The Financial Crisis Made Big Banks Bigger

The Atlantic | Daniel Indiviglio | Posted 05.25.2011 | Business

Banks are finally beginning to lend, the big ones that is. Commercial and industrial lending is up this quarter 0.2% from the third quarter, according...

The GOP and the Banks: Cutting the Garlic Budget as the Vampires Attack

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

Like vampires, America's banks are creatures who were brought back from the dead through the public's generosity. Now they're feasting on the rest of us again, while politicians work to rob us of the few tools we can use to defend ourselves.

CONFIRMED: Bank Of America Will Be Wikileaks' Next Target

Carly Schwartz | Posted 05.25.2011 | Business

UPDATE: Julian Assange did not confirm he has information pertaining to Bank of America. AFP misrepresented an interview with Assange in a Times of Lo...

Strategy Number One: Shift Money From the Big Banks

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

Our best economic program right now is to shift money from the banks, and put it into the hands of consumers who might actually buy products and businesses who might actually hire more workers.

Ryan Grim

Half Of Bank Pay Could Modify Every Underwater Mortgage | Ryan Grim | Posted 05.25.2011 | Business

Wall Street banks are on pace to pay out some $143 billion in compensation for 2010, just shy of their record year of 2007. But given the widespread l...

Small Business Saturday Makes Economic Sense

Katy Welter | Posted 05.25.2011 | Business
Katy Welter

This Saturday, November 27, is so-called Small Business Saturday, sponsored by American Express. Specifically, the credit card giant is offering card ...

Making All the Wrong Moves

Jim Worth | Posted 05.25.2011 | Politics
Jim Worth

The unfortunate truth about Obama's first two years is a potentially great presidency is being portrayed as only an adequate presidency.

Simon Johnson: Why Banks Are Becoming 'Too Global To Fail'

The New Republic | Peter Boone and Simon Johnson | Posted 05.25.2011 | Business

This June, Dimon returned from a two-week visit to China, India, and Russia, and announced an even more aggressive expansion. Senior executives were o...

New Ways Bankers Are Spying On You

Wall Street Journal | KAREN BLUMENTHAL | Posted 05.25.2011 | Business

Big Banker is watching you--more closely than ever. With lenders still skittish about making new loans, credit bureaus and others are hawking service...

The Volcker Rule After The Midterm Elections

New York Times | Posted 05.25.2011 | Business

The Obama administration saved the deeply troubled megabanks in the United States in early 2009 with a bundle of rescue measures that, compared with s...

The Empire Struck Back- With a Vengeance

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

I have that Han-Solo-encased-in-carbonite feeling this morning. The powers that be in modern America- the insurance industry, big oil and coal compani...

Marcus Baram

JPMorgan Almost Doubles Lobbying Spending In Third Quarter | Marcus Baram | Posted 05.25.2011 | Business

The 10 biggest banks in the U.S. spent almost $11 million lobbying the government on financial reform legislation and other issues during the third qu...

How Independents Can Save the Country

Jim Worth | Posted 05.25.2011 | Politics
Jim Worth

Never in our history has the Independent vote been so crucial.

Simon Johnson: Foreclosure Scandal Shows Banks Need New Stress Tests

New York Times | SIMON JOHNSON | Posted 05.25.2011 | Business

How much damage to the financial system should we expect from what is now commonly called the foreclosure morass, the developing scandal involving doc...

HOUSE ADVANTAGE: Banks Shared Clients' Profits, But Not Losses During Meltdown

New York Times | Louise Story | Posted 05.25.2011 | Business

JPMorgan Chase & Company has a proposition for the mutual funds and pension funds that oversee many Americans' savings: Heads, we win together. Tails,...

Big Banks Will Clean Up This Mess -- When We Demand It

George Goehl | Posted 05.25.2011 | Business
George Goehl

In the years since the nation's largest banks were bailed out by taxpayers they have shown very little in the way of thanks. They can begin demonstrating some gratitude by rebuilding what they broke.

Arthur Delaney

SEIU Launches 'Where's The Note' Campaign To Help Homeowners Fight Foreclosure | Arthur Delaney | Posted 05.25.2011 | Business

A coalition of groups led by the SEIU is launching a campaign to help homeowners capitalize on a growing foreclosure fraud scandal that has forced ban...

The Great American Credit Catastrophe Is Our Generation's 9/11

Michelle Kraus | Posted 05.25.2011 | Politics
Michelle Kraus

The housing crisis is just one piece of the big, ugly mess of the consumer credit debacle. It seems to me that our president must call for immediate reform and take action through executive order.

Declare a Jobs Emergency on September 15!

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Job cuts sometimes have a way of sneaking up on you -- a few teachers here, a police officer there and a fire department that may not be open when you...

2010 Workers' Voice Awards: Worker Worthy Pop Culture Standouts

Wyatt Closs | Posted 05.25.2011 | Entertainment
Wyatt Closs

Wanna honor Labor Day but not work at it? Check out any of these pop culture expressions from the last year. Just in time for your nod to Labor Day, ...

How Banks Faked Demand And Made The Financial Crisis Much Worse

ProPublica | Posted 05.25.2011 | Business

Over the last two years of the housing bubble, Wall Street bankers perpetrated one of the greatest episodes of self-dealing in financial history. Fac...

Will Perpetrators of Financial Crimes Ever Face Justice?

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Some will rob you with a six gun and some with a fountain pen - Woodie Guthrie Like mushrooms popping up in a damp basement, a slew of court settleme...


Wyatt Closs | Posted 05.25.2011 | Entertainment
Wyatt Closs

Da Bomp bomp ba bomp da bomp bomp, Da Bomp bomp ba bomp bomp ba bomp bomp. This is the rhythm of work today. Whether getting your grind on behind a ...