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Big Banks Slated To Lose Billions In Customer Cash Over Next Year: Report

Posted 11.21.2011 | Business

Big bank interest in netting a profit on the backs of customers may end up backfiring. The top 10 retail banks are projected to lose $185 billion ...

Very Small Percentage Of Americans Netting Most Of Capital Gains

The Huffington Post | Jillian Berman | Posted 11.21.2011 | Business

As large as the income gap between rich and everyone else is today, one area of the economy has an even wider gulf to bridge. The top 0.1 percent ...

Amid Scandal, Olympus Says Panel Found No Criminal Links In M&A Deals

Posted 11.21.2011 | Business

Japan's Olympus Corp said on Monday that a third-party panel appointed by the company to look into an accounting scandal has, so far, found no evidenc...

Goldman Sachs Names New Managing Directors, Amid Wall Street Layoffs

Posted 11.18.2011 | Business

Goldman Sachs Group Inc (GS.N) promoted 261 employees to managing directors this week, according to an internal memo sent this week, as the bank seeks...

U.S. Apartment Market Rebounding Past Recovery

Posted 11.18.2011 | Business

The U.S. apartment market has recovered and is expanding, with vacancies expected to remain steady at 5.5 percent in 2012 and then fall below pre-down...

Friendly's CEO Billed Bankrupt-Chain Hundreds Of Thousands In Expenses

Posted 11.18.2011 | Business

The CEO of Friendly's sent the ice cream giant hundreds of thousands of dollars worth of expenses the year before the company filed for bankruptcy. ...

If You Take Our Money, Pay Us Fairly

Andrew Wilkes | Posted 01.18.2012 | Religion
Andrew Wilkes

It's time for developers to adjust to paying workers a living wage as a condition of accepting taxpayer money for large-scale commercial development in the city.

Ex-UBS Banker Gets Five Years In Prison For Aiding U.S. Tax Evasion

Posted 11.18.2011 | Business

A former senior UBS banker who helped the U.S. government expand its crackdown on offshore tax evasion was sentenced to five years probation Friday fo...

Making It Into The One Percent Doesn't Mean You'll Stay There

Posted 11.17.2011 | Business

Getting a spot in the elite one percent club by no means secures your place there. A sizable minority of those in the one percent shifted between 2...

Man Suing BofA For Giving His Account To Another Man With The Same Name

Posted 11.17.2011 | Business

One man is suing Bank of America after the company allegedly handed over his account to another customer with the same name. Konstantinos Alexopou...

Fitch Concerned By Exposure Of U.S. Banks To European Debt Crisis

Posted 11.17.2011 | Business

Fitch Ratings warned that it may reduce its "stable" rating outlook for U.S. banks with large capital markets businesses because of contagion from pro...

Lila Shapiro

Day After Zuccotti Raid, Few Occupy Wall Street Protesters Gathering In Park

HuffingtonPost.com | Lila Shapiro | Posted 11.16.2011 | Business

On Wednesday afternoon, a day and a half after the city temporarily evicted protesters from Zuccotti Park, security and media were in large supply. Wh...

Rich Kid Looking For A Job? Ask Dad

The Huffington Post | Jillian Berman | Posted 11.16.2011 | Business

NBC may be getting some widespread criticism for its decision earlier this week to hire Chelsea Clinton as a special correspondent, but Bill's daughte...

Fewer Americans Living In Middle-Class Areas As Country Divides Between Rich, Poor: Study

The Huffington Post | Jillian Berman | Posted 11.16.2011 | Business

In the latest sign of a deteriorating middle class, growing number of Americans are living either in poor or affluent neighborhoods, not somewhere in ...

Fannie, Freddie To Cut Lenders' Risk To Boost Refinancing Program

Posted 11.16.2011 | Business

Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB), the largest sources of U.S. housing finance, both said on Tuesday they would relieve lenders from cert...

Moody's President: EU Crackdown On Ratings Agencies Is 'Dangerous'

Posted 11.16.2011 | Business

A European Union plan to impose tougher rules on credit rating agencies is "dangerous" as it is bound to limit the "quality and independence" of the r...

Most One Percenters Don't Know They're In The One Percent

The Huffington Post | Jillian Berman | Posted 11.16.2011 | Business

Think you're part of the 99 percent? You may be wrong. Half of the top one percent of earners, don't think they're part of that category, a new su...

Americans Moved At An All-Time Low Rate Last Year

Posted 11.16.2011 | Business

Americans last year moved at the lowest rate in recorded history, according to a new report from the Census Bureau. Between 2010 and 2011, 11.6 per...

10 Startling Statistics About Alabama's Immigration Law

Posted 11.15.2011 | Business

Alabama stands to lose hundreds of millions of dollars from the state's anti-immigration law, a new report finds. Alabama's economy would shrink b...

Goldman CEO: Wall Street Could Bounce Back

Posted 11.15.2011 | Business

Goldman Sachs Group Inc (GS.N) Chief Executive Officer Lloyd Blankfein said it is too early to say that Wall Street business is down because the indus...

Report: Federal Housing Administration May Require A Bailout By Next Year's End

Posted 11.15.2011 | Business

The Federal Housing Administration's cash reserves have dropped so low that there is a close to a 50 percent chance it could run out of funds and may ...

Lawsuit Alleges MF Global Didn't Give Workers Proper Notice Before Firings

Posted 11.14.2011 | Business

MF Global Holdings Ltd has been sued by former employees who said workers were not given proper notice before the November 11 firing of all 1,066 at i...

Banks Still Boosting Fees -- Quietly

The Huffington Post | Jillian Berman | Posted 11.14.2011 | Business

Most banks may have backed away from the debit fee idea, but they're still nickle and diming customers in other ways. Banks such as Bank of Americ...

Obama: China Must Stop 'Gaming' The International System In Favor Of Its Economy

Posted 11.14.2011 | Business

President Barack Obama served notice on Sunday that the United States was fed up with China's trade and currency practices as he turned up the heat on...

Chinese Leader: Chinese Currency Not Causing U.S. Economic Woes

Posted 11.13.2011 | Business

BEIJING (Reuters) - U.S. trade and employment problems would not be solved by even a major appreciation of China's yuan versus the dollar, Chinese Pre...