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Sheila Bair as Vice President. Governor Romney, Are You Listening?

Raymond J. Learsy | Posted 07.28.2012 | Politics
Raymond J. Learsy

Romney is identified hand and fist with Wall Street's interests. Yet it is still early in the campaign. It would be a coup were his campaign to look to that singular personage in government who fought tooth and nail for the interests of everyday America.

A Danger Lurking in the Shadows

Micah Hauptman | Posted 07.23.2012 | Business
Micah Hauptman

An unaddressed cause of the 2008 financial crisis was banks' reliance on elaborate schemes called repurchase agreements, or "repos," to fund their operations. Four years later, the usual suspects remain heavily dependent on them, endangering the financial system.

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 High Cost of the Fed's Low Rates

Richard Barrington | Posted 07.01.2012 | Money
Richard Barrington

With the economic recovery still lagging, the intended rewards of the Federal Reserve's aggressive campaign to lower interest rates have yet to be realized. But the cost of that campaign to depositors can be counted, and it may have exceeded $200 billion in the last year alone.

FDIC Ends April 2012 Closing Five More Banks

Dennis Santiago | Posted 06.27.2012 | Money
Dennis Santiago

Like a wave of tornadoes touching down, the FDIC struck across the country on Friday shuttering five banks from coast to coast.

Why You Shouldn't Buy Treasury's Line On The Bailouts

Bloomberg View | Jonathan Weil | Posted 04.20.2012 | Business

The U.S. Treasury Department wants the public to believe the government’s bailouts of the financial sector might make money for taxpayers. It’s ea...

Meddling in Banks Causes Its Own Perils

Clifford W. Smith | Posted 06.04.2012 | Business
Clifford W. Smith

We are creating monumental problems down the road from regulators pursuing this disruptive, counterproductive and dysfunctional course of protecting the banks and also intervening with their operations.

Bank Closure in Dearborn: A Sad Ending for Fidelity's Long Struggle

Dennis Santiago | Posted 05.30.2012 | Business
Dennis Santiago

The fatal combination of being on the outs with Wall Street and the atrophy of the size of the business proved insurmountable and culminated in today's failure.

Chicago Takes a Hit From the FDIC as New City Bank Fails With No Acquirer

Dennis Santiago | Posted 05.09.2012 | Business
Dennis Santiago

The FDIC closed the second bank of 2012 to fail with no acquirer today. South Michigan Avenue became the focus of Friday evening activities to shutter the $71 million institution.

FDIC Bank Closures: The Devil Remains Down in Georgia

Dennis Santiago | Posted 05.02.2012 | Business
Dennis Santiago

The FDIC closed another bank in Georgia this week bringing the total to three so far in 2012. Global Commerce Bank in Doraville became the latest casualty of the bank clean up's march through the South.

Prepaid Debit Cards: A Brief Guide to What Really Matters

Jonathan B. Mintz | Posted 04.30.2012 | Money
Jonathan B. Mintz

More than $140 billion moves through prepaid debit cards every year in this country. Given the wide range of these products, consumers and regulators must find ways to navigate what really matters.

FDIC Bank Failures on Feb. 24 Include Rare "No Acquirer" Event

Dennis Santiago | Posted 04.25.2012 | Business
Dennis Santiago

It doesn't happen very often, but this week one of the two banks closed by the FDIC failed to find a buyer. Such failures have been rare events to date as the regulator resolves troubled institutions.

Bankers Avoiding Paying Fines Demanded From Lawsuits

Reuters | Posted 04.24.2012 | Business

* FDIC files 22 lawsuits, none has yet gone to trial * Former Nevada bank execs didn't pay a dime in deal * Analysis of ...

Tyler Cowen Tackles the Big-bank Problem

Robert Teitelman | Posted 04.17.2012 | Business
Robert Teitelman

Over the weekend, Tyler Cowen put up a column in The New York Times arguing a) that financial institutions should not be broken up and b) that shareho...

Financial Regulators Don't Reflect America's Diversity

Preeti Vissa | Posted 04.16.2012 | Business
Preeti Vissa

Could the crisis have been averted if our financial regulators were more plugged into the communities that were hit first and hardest?

FDIC Shutters Banks in Illinois and Indiana

Dennis Santiago | Posted 04.11.2012 | Business
Dennis Santiago

On Feb. 10, 2012 the FDIC shifted bank closure activity from the south to the center of the country this week failing Charter National Bank and Trust in Hoffman Estates, Ill. and SCB Bank of Shelbyville, Ind.

Goldman, Morgan Stanley Say Clawbacks Will Affect Executive Pay Too

The Huffington Post | Alexander Eichler | Posted 02.08.2012 | Business

Two major Wall Street firms say their executives will face the same repercussions for misconduct as everybody else at the company -- but it's not clea...

FDIC Resumes Bank Closings

Dennis Santiago | Posted 03.21.2012 | Business
Dennis Santiago

The FDIC closed it's first banks of 2012 today. A total of three insitutions were shuttered by the regulator.

Catherine New

In WaMu Settlement, An Easy Way Out For Former Executives | Catherine New | Posted 12.13.2011 | Business

In what essentially amounts to pocket change when compared to the billions that Washington Mutual made in risky loans, three former top executives of ...

Where Would We Be If...

Jim Worth | Posted 02.12.2012 | Politics
Jim Worth

As Republicans strive to strip the programs that prevented us from falling into another Great Depression, their arguments are devised to distract us from the truth.

It's (Still) A Wonderful Life: A Remake

Richard Barrington | Posted 02.08.2012 | Business
Richard Barrington

With remakes being so popular in Hollywood, and with banks being so much in the news this year, it begs the question: Could this film be adapted for today's banking environment?

Improving Your Agency's Best Places to Work in the Federal Government Ranking

Tom Fox | Posted 02.02.2012 | Politics
Tom Fox

Organizations struggling to improve their rankings would be wise to understand what successful agencies have done, and then adopt those strategies to build a more engaged and, ultimately, a more effective workforce.

Catherine New

How Banks Get You On Overdraft Fees [GRAPHIC] | Catherine New | Posted 11.22.2011 | Business

Under pressure from regulators and lawyers, nearly all banks have stopped the predatory practice of reordering debit-card purchases to gouge customers...

Emergence Of The New Banking Economy: M&A, Regulatory And Market Forces Dramatically Reshaping Industry

Kevin L. Petrasic | Posted 01.04.2012 | Business
Kevin L. Petrasic

The U.S. banking industry is entering a particularly volatile period in our nation's economic history that is rapidly reshaping the industry, the demographics of financial services providers, and the way that financial products and services are delivered and consumed.

Making Bank Transfer Day Work for You

Richard Barrington | Posted 01.02.2012 | Business
Richard Barrington

As a consumer you have the right to look for free checking accounts, and the highest interest rates on CDs, savings accounts and money market accounts. Don't limit your choices to credit unions.