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Big Banks

Are Banking Reparations Justified?

D. Sidney Potter | Posted 06.08.2012 | Business
D. Sidney Potter

I love the smell of "banker repentance" in the morning. Case in point: One of the multi-billion-dollar settlements that's in the pipeline and simmerin...

Are Big Banks Dinosaurs?

Robert Teitelman | Posted 08.08.2012 | Business
Robert Teitelman

Henry Kaufman, Dr. Gloom from a distant age when Salomon Brothers was still King of Wall Street, penned an op-ed in the Wall Street Journa declaring that, sooner or later, the era of monstrous, too-big-to-fail banks will end.

Catherine New

SunTrust Customers Can Expect Higher Fees | Catherine New | Posted 06.06.2012 | Money

Starting this summer, some of SunTrust's least wealthy customers will have to pay higher fees on everything from ATM withdrawals to checking accounts,...

Bill Clinton's Blind Spot

Mike Lux | Posted 08.04.2012 | Politics
Mike Lux

President Clinton, I hope you will see the error of your ways on this fundamental issue. Those middle-class people who work hard and play by the rules want you back on their side where you once were, not the side of the big banks.

Pity the Poor Billionaires

Bill Moyers | Posted 08.01.2012 | Politics
Bill Moyers

So-called "mega donors" are upset that their campaign contributions are being exposed to public view, ignoring our right to know who is giving money to candidates -- and the opportunity to try to figure out why. The sound you hear is the world's smallest violin, say, a teeny-tiny Stradivarius insured for millions.

What Did Banks Learn From The Financial Crisis? Not Very Much, New Report Shows

The Huffington Post | Emily Peck | Posted 05.31.2012 | Business

What did big banks learn after the mammoth bailouts of the financial crisis? Why, not that much it seems. That's one powerful takeaway from Bloombe...

Here's How Much Closing A Bank Account Will Cost You

AP | PALLAVI GOGOI | Posted 07.30.2012 | Money

Want to close your bank account? It could cost you as much as $55. In a survey of the practices of the 10 largest banks in the country – includ...

Facebook IPO Fiasco Cost Major Bank Millions

Reuters | Posted 07.25.2012 | Business

NEW YORK (Reuters) - UBS AG had trading losses of around $30 million stemming from Facebook Inc's botched initial public offering on Nasdaq OMX Group ...

Banking Industry Reaps Biggest Earnings Since Before Crisis

Reuters | Posted 07.24.2012 | Business

WASHINGTON, May 24 (Reuters) - The U.S. banking industry for the first quarter reported its highest quarterly earnings since the first half of 2007,...

Man Buys Puppy, Car With Thousands Wells Fargo Accidentally Dumped In His Account

Posted 05.24.2012 | Business

One man is facing possible jail time after he allegedly spent tens of thousands of dollars that Wells Fargo accidentally deposited into his account. ...

This Guy Is Probably The Nicest Banker In America

The Huffington Post | Alexander Eichler | Posted 05.23.2012 | Money

If you were going to sit down and design the opposite of a Wall Street banker, you would probably come up with someone like Patrick Cullen. Cullen ...

Progressives Do NOT Hate Wealth -- a #PPSA

Sally Kohn | Posted 07.18.2012 | Politics
Sally Kohn

In the first in a series of POLITICAL Public Service Announcements (#PPSA), I take on the conservative myth that liberals hate wealth and success. Not...

Fed Up With Big Banks

Gordon Whitman | Posted 07.17.2012 | Business
Gordon Whitman

When individuals, religious institutions and local and state governments decide to move their money, it puts direct pressure on banks and on the federal government to change their policies. Cities and states have incredible leverage if they chose to use it.

Romney: Big Banks Can Fail

The Huffington Post | Luke Johnson | Posted 05.17.2012 | Politics

Mitt Romney said Wednesday that he believes a big bank should be allowed to fail if it runs into financial difficulty. "My own view is that if a la...

Wall Street, Romney, and Obama

Mike Lux | Posted 07.16.2012 | Politics
Mike Lux

Bain Capital was Wall Street at its worst. But the Obama team, in the White House and in the campaign, in order to win on the Bain attack, needs to face -- and turn around -- the perception that the administration has been weak on Wall Street.

On Financial Genius and Banking Boo-boos

Robert Teitelman | Posted 07.16.2012 | Business
Robert Teitelman

The columns, blogs, tweets and sober cud-chewing over the J.P. Morgan Chase & Co. trading debacle continues. What have we learned? Well, not as much as you'd think, given the notion that the Internet is the greatest investigative reporter since Woodward and Bernstein.

Occupy Jail, Occupy Big Banks

Reverend Billy | Posted 07.15.2012 | Business
Reverend Billy

To shout "You put billions into C02 emitting industries!" in a bank lobby -- oh the echo comes back as the Devil's bad gas. Come with us behind the lines. Nothing -- nothing is scarier than a big bank lobby. Revolujah!

A Dimon in the Rough

D. Sidney Potter | Posted 05.14.2012 | Business
D. Sidney Potter

Like a fat kid and chocolate cake, some things are just inseparable. And CEO Jaime Dimon of JPMorgan Chase has proven that parable with his near insatiable appetite in saying the wrong thing at the wrong time.

Why Jamie Dimon Has Egg On His Face

Posted 05.10.2012 | Business

Oh, the irony. After roundly criticizing regulations aimed at preventing banks from taking huge and unsustainable risks with their own money, Jamie...

The SAFE Banking Act Will Do What Financial Regulators Thus Far Have Not

Micah Hauptman | Posted 07.10.2012 | Business
Micah Hauptman

Preventing banks from becoming so large, complex, and interconnected that their failure would ravage the economy is the safest guarantee against a future "too big to fail"-driven financial crisis.

Mark Gongloff

Regulator Outlines Strategy To Avoid Future Wall Street Bailouts | Mark Gongloff | Posted 07.10.2012 | Business

The problem with banks being too big to fail is not necessarily their bigness, but their failure. Like a runaway train plowing through a city block, a...

The Only Way to Fix the World Economy

Mike Lux | Posted 07.09.2012 | Politics
Mike Lux

We need to not only take back our economic fate from Wall Street, we need to cleanse our values system of their culture as well.

How BofA Is Trying To Change Its Image

Reuters | Posted 07.03.2012 | Business

By Rick Rothacker CHARLOTTE, N.C., May 3 (Reuters) - Bank of America Corp said on Thursday it has selected a team at ...

Investor: 'Big Banker Pay Hasn't Been Tamed At All'

Reuters | Posted 07.03.2012 | Business

By Katharina Bart ZURICH, May 3 (Reuters) - UBS became the latest bank to face the anger of its shareholders over exec...

Goldman: This Regulation Will Kill 300,000 Jobs

Mark Gongloff | Posted 07.02.2012 | Business
Mark Gongloff

By now, we're almost as sick of writing about Wall Street fighting new regulation as you are of reading it. It's always the same thing: Wah, we're big...