Financial Industry

Barney Frank: JPMorgan's 'Leave Us Alone' Argument Has Blown Up

AP | DANIEL WAGNER | Posted 05.14.2012

Read More: Securities Industry and Financial Markets Association, Financial Industry, Meet the Press, International Monetary Fund, Standard & Poor's, Financial Markets Association, Jamie Dimon, JPMorgan Chase, Goldman Sachs, Video, Morgan Stanley, Wall Street, Securities and Exchange Commission, Carl Levin, Citigroup, Nbc, Business News

WASHINGTON -- JPMorgan Chase faces intense criticism for claiming that a surprise $2 billion loss by one of its trading groups was the result of a slo...

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Lawyers Have Income Inequality Problems, Too

The Huffington Post | Alexander Eichler | Posted 04.16.2012

Read More: Income Gap, Financial Industry, Lawyers, Earning Gap, Wall Street, Income Inequality, Pay Gap, Great Recession, Salary, Wage Gap, Law School, Video, Business News

Income inequality is a problem among lawyers, too. As The Wall Street Journal notes, the country's richest lawyers have gotten richer since the Gre...

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For Capitalism to Survive, Crime Must Not Pay

Bruce Judson | Posted 04.13.2012

Read More: Competition, Financial Industry, Robo-Signing, Financial Reform, Financial Crisis, Capitalism, Economic Inequality, Financial Regulation, Worldcom, Business News

A corporation that knowingly breaks the law will find ways to profit through illegal means that are not available to competitors. As a consequence, the competitive playing field is biased toward the company that does not need to follow the rules.

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Goldman Settles Over Charges That It Allowed Insider Tips To Reach Clients

Reuters | Posted 04.13.2012

Read More: Goldman Sachs, Financial Industry, Video, Wall Street, Financial Industry Regulatory Authority, Analysts, Securities, Stocks, Reuters, Securities and Exchange Commission, Financial Regulation, Business News

WASHINGTON, April 12 (Reuters) - U.S. securities regulators said on Thursday that Goldman Sachs Group Inc will pay $22 million to settle civil charg...

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The Best Congress the Banks' Money Can Buy

Bill Moyers | Posted 04.09.2012

Read More: Thomas DiNapoli, Financial Industry, Banks, Volcker Rule, Chamber of Commerce, Robert Auwaerter, Dodd Frank, Congress, Financial Reform, Banking, 112th Congress, Bankers, Politics News

After months of haggling and debate, Congress finally passes reform legislation to fix a serious rupture in the body politic, and the president signs it into law. But the fight's just begun, because the special interests immediately set out to win back what they lost when the reform became law.

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Wall Street Has The Worst Pay Equality In America

The Huffington Post | Alexander Eichler | Posted 03.19.2012

Read More: Women in the Workplace, Women, Financial Industry, Gender Gap, Video, Earning Gap, Financial Services, Financial Sector, Wall Street, Gender Wage Gap, Sexism, Gender Pay Gap, Big Banks, Business News

Wall Street is one place where it pays to be a guy. For people in financial-sector jobs -- such as insurance agents, security sales agents, financi...

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Bruised Wall Street Firms Continue To Jettison Office Space

The Huffington Post | Alexander Eichler | Posted 02.06.2012

Read More: Wall Street Lobbying, Financial Industry, Bank Layoffs, Financial Sector, Wells Fargo, Bank of America, Bank Profits, Office Space, Big Banks, Wall Street Offices, Video, Wall Street Layoffs, Wall Street Profits, Morgan Stanley, Wall Street, Occupy Wall Street, Wall Street Earnings, Business News

Here's one thing big banks have in common with protesters: Neither group is occupying Wall Street as much as they used to. In an ongoing sign of th...

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Big Bank CEO: Anti-Banking Sentiment 'A Form Of Discrimination'

The Huffington Post | Alexander Eichler | Posted 01.25.2012

Read More: Tarp, Financial Industry, Wall Street Bailout, Income Inequality, Federal Reserve, Jamie Dimon, Big Banks, Fox Business Network, Barack Obama, JPMorgan Chase, Wall Street, Bailout, Charlie Gasparino, Jpmorgan, Occupy Wall Street, Financial Regulation, Jamie Dimon JP Morgan, Video, Business News

Jamie Dimon, the head of JPMorgan Chase, would like to make it clear that he is not that kind of banker. "I've disagreed right from the beginning o...

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Why Does Wall Street Make So Much Money?

HuffingtonPost.com | Alexander Eichler | Posted 01.21.2012

Read More: U.S. Economy, Bill Clinton, Wall Street Tax, Financial Industry, Wall Street Bailout, Ronald Reagan, Financial Services, Financial Sector, Income Inequality, Wells Fargo, George W. Bush, Big Banks, Barack Obama, Wall Street Compensation, JPMorgan Chase, Goldman Sachs, Wall Street, Occupy Wall Street, Financial Crisis, Wall Street Bonuses, Wall Street Pay, Michael Mayo, Glass-Steagall, Video, Business News

Payouts declined on Wall Street this year, as the major financial firms tried to steer through several quarters of lawsuits, layoffs, jittery markets,...

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Government Accounted For Nearly A Third Of All Layoffs In 2011: Report

The Huffington Post | Alexander Eichler | Posted 01.05.2012

For government workers and financial sector employees, last year was a particularly bad one -- and 2012 likely won't be much better. More jobs were...

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Financial Sector A Bigger Share Of Economy Now Than Before The Crisis

The Huffington Post | Alexander Eichler | Posted 12.15.2011

Read More: Financial Industry, U.S. Economy, Treasury Department, Video, Wall Street Bailout, Wall Street Profits, Gdp, Bailout, Profits, Wall Street, Financial Sector, Financial Reform, Occupy Wall Street, Financial Crisis, Federal Reserve, Financial Lobby, Tea Party, Financial Regulation, Business News

The financial industry may have taken a hit during the Great Recession. But relative to the overall economy, it's bigger now than it was before Lehman...

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Bank Moves To Track Customer Locations, Raising Privacy Concerns

HuffingtonPost.com | Bonnie Kavoussi | Posted 12.02.2011

Read More: Google, Financial Industry, Video, Chrome, Google Chrome, Ally Financial, Ally Bank, Online Tracking, Online Privacy, Location Tracking, Safari, Privacy, Business News

A major U.S. bank is now tracking customer locations, raising concerns about online privacy. Ally Financial now requests to track the locations of ...

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Wall Street Is Already Occupied

ProPublica | Jesse Eisinger | Posted 12.01.2011

Read More: Goldman Sachs, Financial Industry, Occupy Wall Street Protest, Wall-Street, Occupy Movement, Occupy Wall Street, Business News

Last week, I had a conversation with a man who runs his own trading firm. In the process of fuming about competition from Goldman Sachs, he said with ...

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Federal Reserve Keeps Europe At Arm's Length

HuffingtonPost.com | Bonnie Kavoussi | Posted 11.29.2011

Read More: qe3, European Debt Crisis, Financial Industry, Video, Federal Reserve Board, Ben Bernanke Federal Reserve, Quantitative Easing, European Union, Federal Reserve, Ben Bernanke, Sovereign Debt Crisis, European Central Bank, Barack Obama, Business News

As the eurozone crisis continues to develop, pressure for the European Central Bank to act is mounting. Many want the ECB to bail out troubled Europea...

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Some Missing MF Global Money May Be At A Big Bank In Britain

Posted 11.29.2011

Read More: European Debt Crisis, Chapter 11, JP Morgan Chase, Financial Industry, Video, Bankruptcy, Wall Street, European Sovereign Debt, Reuters, MF Global, New York Times, Money Management, Business News

About $200 million in customer funds missing at MF Global may have surfaced at JP Morgan Chase in Britain, the New York Times said, citing people ...

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Fed Announces New Bank Stress Tests

The Huffington Post | Bonnie Kavoussi | Posted 11.22.2011

Read More: European Debt Crisis, Financial Industry, Video, Stress Tests, Europe Crisis, Federal Reserve Board, Ben Bernanke Federal Reserve, Federal Reserve Bank, Banks, Federal Reserve, Ben Bernanke, Sovereign Debt Crisis, Business News

As the sovereign debt crisis in Europe threatens to spill over into the United States, the federal government wants to make sure that banks are prepar...

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Paul Volcker: Volcker Rule Too Complicated

Posted 01.09.2012

Read More: Financial Industry, Video, Bankruptcy, Hedge Funds, Federal Deposit Insurance Corp, MF Global, U.S. Federal Reserve, Paul Volcker, Volcker Rule, Private Equity, Business News

The Volcker rule is too long and complicated and financial lobbyists are to blame, said the man who gave his name to the new regulation on bank tr...

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Wall Street Employees Getting Smaller Bonuses This Year: Survey

The Huffington Post | Alexander Eichler | Posted 01.08.2012

Read More: Financial Industry, Bank Layoffs, Wages, George W. Bush, Banking Industry, Big Banks, Bank Bonuses, Barack Obama, Wall Street Compensation, Video, Wall Street Layoffs, Wall Street, Occupy Wall Street, Banks, Banker Bonuses, Bonuses, Wall Street Bonuses, Business News

It's been an underwhelming year for Wall Street, and traders will likely see that reflected in their bonuses, according to a new report. With the ...

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Banks Earned More Under Obama Than Bush

The Huffington Post | Bonnie Kavoussi | Posted 01.07.2012

Read More: Financial Industry, Goldman Sachs, Video, Wall Street Layoffs, President Barack Obama, George W. Bush, President Obama, Banks, Bank Earnings, President George W. Bush, Big Banks, Barack Obama, Business News

Wall Street firms have earned more in profits so far under President Obama than during all eight years of George W. Bush's presidency, according to Th...

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McDonald's Job Applications Dumped On 'Occupy' Protesters

The Huffington Post | Harry Bradford | Posted 01.04.2012

Read More: 1 Percent, 99 Percent, Financial Industry, Chicago Board of Trade, Occupy Occupy Wall Street, Wall Street, John Paulson, Occupy Wall Street, New York Times, The Chicagoist, Real Time With Bill Maher, Mcdonalds, Business News

On top of cold weather and logistical pains, "Occupy" protesters in Chicago last week dealt with an embarrassing stunt. Dozens of photocopied McDo...

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Capitalism 2012: Rewriting the Rules of the Game

Monika Mitchell | Posted 01.01.2012

Read More: Economic System, Financial Industry, Occupy Wall Street, Zuccotti Park, Capitalist, Capitalism, Wall Street, Survival of the Fittest, Business News

In the wake of the widening economic inequity in America and around the world, the old rules of capitalism are long past due for a drastic 21st century overhaul.

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Religion, Morality And The Financial Industry: An Interview With Chief Rabbi Lord Sacks

Paul Brandeis Raushenbush | Posted 12.25.2011

Read More: Jonathan Sacks, Financial Industry, Rabbi Sacks, Regulations, Morality and Religion, Chief Rabbi Jonathan Sacks, Religion and Morality, Financial Crisis, Ethics, Judaism, Religion News

"We are caught in the perennial tension between the drive to good, and instinct to self-preservation that sees everyone as a means to our ends."

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Wall Street, Bush, and Obama: Enough blame to go around?

Margie Omero | Posted 12.24.2011

Read More: Financial Industry, Wall Street, Pollster.com, Economic Crisis, Occupy Wall Street, George W. Bush, Gallup, Barack Obama, Pollster Analysis, Politics News

Despite coverage of the Occupy Wall Street, confusion about the protests' message abounds. And attitudes toward Wall Street, such as blame for the eco...

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Americans Split On Whether U.S. A Country Of Haves, Have-Nots: Poll

The Huffington Post | Alexander Eichler | Posted 11.30.2011

Read More: Black Poverty, Financial Industry, Income Inequality, Occupy Wall Street, Great Divergence, Haves Have Nots USA, Rich Poor America, USA Inequality, African American Poverty, Video, Business News

The gap between the very wealthiest Americans and the rest of the country has been steadily widening for years -- and a growing number of people seem ...

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Junior Investment Bankers Unhappy With Paychecks, Direction Of Their Industry: Survey

HuffingtonPost.com | Alexander Eichler | Posted 10.25.2011

Read More: Financial Industry, Rik Kopelan, Financial Sector, Investment Bankers, Junior Investment Bankers, Interns, Layoffs, Investment Banks, Wall Street Internships, Wall Street Layoffs, Wall Street Interns, Wall Street, Capstone Partnership, Investment Banking, Business News

As their industry shifts focus and work becomes ever more demanding, junior investment bankers are saying they're less satisfied with their jobs, acco...

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