Commercial Banks

Ex-Wall Street Banker: Volcker Rule Will Correct A Dangerous Mistake

The Huffington Post | Alexander Eichler | Posted 04.18.2012

Read More: Investment Banks, Video, Proprietary Trading, Dodd-Frank, Commercial Banks, Occupy Wall Street, John Reed, Roger Vasey, Volcker Rule, Paul Volcker, Financial Regulation, Glass-Steagall, Volcker, Business News

Apparently not every banker hates the Volcker rule. Roger Vasey, who used to be in charge of global debt markets at Merrill Lynch, penned a pro-Vol...

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It Turns Out 2011 Was A Pretty Great Year For Banks

The Huffington Post | Alexander Eichler | Posted 03.08.2012

Read More: Consumer Banking, Brian Moynihan, Bank Fees, Dodd-Frank, Lobbying, Lobbyists, Commercial Banking, Bank of America, Bank Profits, Bank of America Fee, Retail Banking, Commercial Banks, Bank Income, Bank Lobbying, Debit Card Fees, Financial Regulation, Bank of America Debit Card Fees, Video, Business News

By almost any measure, 2011 was a rocky year -- high unemployment, volatile markets, rising poverty, protests in the streets. Thankfully, the banks ma...

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JPMorgan Chase Primarily Interested In Ballers, Shot-Callers

The Huffington Post | Alexander Eichler | Posted 02.29.2012

Read More: Jamie Dimon Pay, JPMorgan Chase, Video, Bank Fees, Commercial Banks, Jpmorgan, Bank of America, Commercial Banking, Interchange Fees, Overdraft Fees, Jamie Dimon, Banking Fees, Retail Banking, Financial Regulation, Debit Card Fees, JPMorgan 100K, Business News

If you've got less than a hundred grand in the bank, JPMorgan Chase is just not that into you. At a presentation to investors this week, JPMorgan e...

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Bank Robberies Most Likely To Happen On Fridays, FBI Says

Reuters | ELLEN WULFHORST | Posted 06.06.2011

Read More: Federal Bureau of Investigation, Burglaries, Bank Robberies, Crime, Commercial Banks, Western States, Southern States, Fbi, Armed Robbery, Credit Unions, Bank Counters, Business News

NEW YORK - Bank robberies in the United States take place most often in mid-morning, on Fridays and in southern and western states, according to gov...

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Complexity Theory and the Failure of Financial Reform: Part Two

Peter Schwartz | Posted 05.25.2011

Read More: Dodd-Frank Act, Congress, Dodd-Frank, Barney Frank, Federal Regulation, Black Swan, Volcker Rule, Paul Volcker, Dodd-Frank Bill, Complexity Theory, Investment Banks, Wall Street, Commercial Banks, Spencer Bachus, Dodd Financial Reform Bill, Dodd Financial Reform, Glass-Steagall, Politics News
Peter Schwartz

In Part One of this essay, we mapped the tactile, political surface of financial reform - focusing on the ideas and behaviors of individual political ...

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Complexity Theory and the Failure of Financial Reform: Part One

Peter Schwartz | Posted 05.25.2011

Read More: Complexity Theory, Dodd-Frank Act, Commercial Banks, Wall Street, Spencer Bachus, Dodd-Frank, Investment Banks, Barney Frank, Federal Regulation, Congress, Black Swan, Dodd Financial Reform Bill, Dodd Financial Reform, Glass-Steagall, Paul Volcker, Volcker Rule, Dodd-Frank Bill, Politics News
Peter Schwartz

This is a two-part essay about the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act, a 2,300-page piece of legislation ...

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Glass-Steagall Revisited: Congress At 'War With Wall Street' Says Former Fed Governor

Alison Vekshin and James Sterngold | Bloomberg | Posted 05.25.2011

Read More: Commercial Banks, Wall Street, Banks, Financial Reform, Congress, Investment Banking, Citigroup, Glass-Steagall, Business News

Dec. 28 (Bloomberg) -- A one-page proposal gaining traction in Congress could turn back the clock on Wall Street 10 years, forcing the breakup of ban...

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Obama Administration Determined to Usher in New Great Depression

Allison Kilkenny | Posted 05.25.2011

Read More: Investment Banks, Commercial Banks, Gramm-Leach-Biley Act, Economy, President Obama, New York Times, Timothy Geithner, Paul Volcker, Lawrence Summers, Glass-Steagall, Business News
Allison Kilkenny

Whatever one thinks of Paul Volcker, any amateur historian can see that he's right to want to keep investment banking separate from commercial banking.

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Wall Street Makes Merry With Other People's Money

Dan Collins | Posted 05.25.2011

Read More: Lloyd Blankfein, Tarp, Executive Pay, Wells Fargo, Afl-Cio, Aig, Pay Czar, Pay Czar Ken Feinberg, Goldman Sachs, Goldman Sachs Bonuses, Commercial Banks, Goldman Sachs Ceo Lloyd Blankfein, Ken Feinberg, Wall Street Bonuses, Executive Compensation, Citigroup, New York News
Dan Collins

There's a good deal of jolliness on Wall Street this holiday season, thanks to the billions of dollars in bonuses that will be stuffed into the stockings of your favorite bankers. It's safe to assume the final tally will be very big.

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McCain, Cantwell Team Up To Renew Glass-Steagal Act, Depression-Era Banking Law

Posted 05.25.2011

Read More: John McCain, Stock Market Crash, Wall Street, Commercial Banks, Tim Geithner, Maria Cantwell, Banks, Glass-Steagall Act, Arthur Levitt Jr., Securities and Exchange Commission, Paul Volcker, Recession, Great Depression, Politics News

Senators John McCain and Maria Cantwell are joining forces to reinstate the Depression-era Glass-Steagal Act of 1933, which separated commercial banki...

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Paulson Says New Financial Rules Needed

AP | JEANNINE AVERSA | Posted 05.25.2011

Read More: Investment Banks, U.S. Economy, Hank Paulson, Wall Street, Bush Administration, Recession, Henry Paulson, Bear Stearns, Chamber of Commerce, Commercial Banks, Business News

WASHINGTON — If big Wall Street investment houses are allowed to run to the Federal Reserve for emergency lending, they must face stepped-up reg...

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Fed Auctions Another $20 Billion In Funds To Banks

AP | Martin Crutsinger | Posted 05.25.2011

Read More: Federal Reserve, Fed Auction, Credit Crunch, Commercial Banks, Central Bank, Business News

The Federal Reserve, working to combat the effects of a severe credit crunch, announced Friday it had auctioned another $20 billion in funds to commer...

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