Financial Regulation

European Banks May Become More Vulnerable, Reliant On Taxpayer Money

Reuters | Posted 05.29.2012

* New regulation may repel staple investors * Bond buyers say rules will push up debt costs for banks By Sinead Cruise ...

Schneiderman: Group Tasked With Probing Mortgage Crisis Needs 'More Resources'

The Huffington Post | Alexander Eichler | Posted 05.25.2012

When it comes to getting to the bottom of the financial crisis, it seems everyone could use a little bit more help. A government task force known a...

Jason Linkins

GOP Senator Mocks Regulators He Sandbagged For JPMorgan Losses

HuffingtonPost.com | Jason Linkins | Posted 05.24.2012

Sen. Richard Shelby (R-Ala.) is shocked -- SHOCKED! -- that gambling is going on at JPMorgan, and that this gambling led to a multibillion-dollar loss...

If We Can't Understand Them, We Should Just Break Them Up

Rep. Brad Miller | Posted 05.24.2012

Rep. Brad Miller

The biggest banks argue that if the lesser mortals who populate the institutions of democratic government don't understand the intricacies of their business, then we just shouldn't meddle.

A Danger Lurking in the Shadows

Micah Hauptman | Posted 05.23.2012

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.

Debate Over New Rules Heats Up In Wake Of JPMorgan Loss

AP | MARCY GORDON | Posted 05.22.2012

WASHINGTON (AP) — Federal regulators and lawmakers are renewing the focus on financial regulation in the wake of a multibillion-dollar trading loss ...

Why Is Romney So Casual About the JPMorgan Chase $3 Billion Loss?

Marvin Meadors | Posted 05.21.2012

Marvin Meadors

Why place our bets on Romney when his election may open the door to a return of the days of excessive risk taking and taxpayer funded bailouts? Why spin the wheel again arguing that this time Wall Street will bet correctly?

Financial Regulation: How to Find the Right Balance

Philip Jennings | Posted 05.21.2012

Philip Jennings

JP Morgan's multi-billion punt is the latest evidence that the financial sector remains a minefield five years on from the initial crisis. Despite the efforts of regulators there is a vacuum at the heart of financial global governance.

Why a Banker Thinks Wall Street Should Be Regulated

Sanjay Sanghoee | Posted 05.21.2012

Sanjay Sanghoee

Most bankers are not the unethical and blindly greedy creatures that politicians and the media make them out to be; and there is no doubt that without the productive activities of the banking sector, no other industry in our nation would be able to survive or thrive. But that does not mean there isn't a ghost in the machine.

Jamie Dimon Complains More, As JPMorgan Chase Losses Eclipse $30 Billion

Mark Gongloff | Posted 05.21.2012

Mark Gongloff

Champion American complainer Jamie Dimon complained on Monday about Wall Street regulation, while also insisting he not be described as a complainer. ...

Hunter Stuart

WATCH: Major Romney Donor Accuses Obama Of Demonizing Wall Street

HuffingtonPost.com | Hunter Stuart | Posted 05.21.2012

Lewis Eisenberg, the Florida co-chairman of Mitt Romney's presidential campaign, told The Huffington Post on Wednesday, "In the current atmosphere, th...

Matt Sledge

In State AG Campaigns, Foreclosure Often The Missing Issue

HuffingtonPost.com | Matt Sledge | Posted 05.18.2012

NEW YORK -- The nation's attorneys general flexed their legal muscles earlier this year when they signed off on a $25 billion national mortgage settle...

The Latest Bank To Raise Fees

The Huffington Post | Catherine New | Posted 05.17.2012

Another bank is raising fees. U.S. Bank is bumping up overdraft fees for all its accounts beginning June 29, the Minneapolis-based bank confirmed o...

D.M. Levine

Jamie Dimon Defends Lobbying, Fends Off Critics At Shareholders Meeting

HuffingtonPost.com | D.M. Levine | Posted 05.15.2012

At the annual JPMorgan Chase shareholders meeting on Tuesday morning in Tampa, Fla., CEO Jamie Dimon offered what amounted to a spirited defense of th...

JPMorgan Losses Do Not Make the Case for Regulation

Mark A. Calabria | Posted 05.15.2012

Mark A. Calabria

President Obama and others have used the recent $2 billion loss by JPMorgan Chase as a call for more regulation. What the president and his allies miss is that recent events at JPMorgan illustrate how the system should -- and does -- work.

Geithner: JPMorgan Loss 'Helps Make Case' For Regulation

AP | ANDREW TAYLOR | Posted 05.15.2012

WASHINGTON -- Treasury Secretary Tim Geithner said Tuesday that the recent $2 billion trading loss by JPMorgan "helps make the case" for tougher rules...

D.M. Levine

Derivatives Cassandra On JPMorgan: Told You So

HuffingtonPost.com | D.M. Levine | Posted 05.15.2012

To Brooksley Born, JPMorgan Chase's trading blowup looks a lot like the Long-Term Capital Management debacle of 14 years ago. It's "happening all o...

JPMorgan Chase Actually Lost $20 Billion On Its Bad Trade

The Huffington Post | Mark Gongloff | Posted 05.14.2012

By now you may have heard that JPMorgan Chase lost $2 billion on a bad trade. Multiply that by 10, and you're starting to get a better idea of how muc...

JPMorgan Chase CEO: I Have No Idea Whether We Broke The Law

AP | Posted 05.11.2012

NEW YORK -- JPMorgan Chase CEO Jamie Dimon says he does not know whether the bank broke any laws in the surprise $2 billion loss by one of its trading...

D.M. Levine

On Wall Street, Nothing Has Changed

HuffingtonPost.com | D.M. Levine | Posted 05.11.2012

If you thought Wall Street had learned its lesson four years after the global financial crisis, JPMorgan Chase's $2 billion trading debacle suggests y...

Mark Gongloff

3 Ways Dodd-Frank Could Have Saved JPMorgan $2 Billion

HuffingtonPost.com | Mark Gongloff | Posted 05.11.2012

Somebody throw some water on the irony meter because it's burning up: JPMorgan could have been spared the embarrassment and pain of its $2 billion tra...

SEC Watchdog To Be Investigated Over Allegations Of Sexual Misconduct

Reuters | Posted 05.09.2012

* SEC has received complaint about misconduct in OIG * SEC says it is also referring matter to CIGIE for review * Allega...

Don't Know Much About History

Marty Kaplan | Posted 05.07.2012

Marty Kaplan

If more people were paying even a modicum of attention to the past, the economic debate in the 2012 presidential campaign wouldn't be between one political party beholden to big money that dreamily depicts investment bankers and oligarchs as jobs creators, and another political party, also beholden to big money, that wants applause for fixing the problem. If more people remembered which policies worked and which failed during the Depression then the jobs debate in this election wouldn't be about austerity and deficits, it would be about stimulating short-term demand and making long-term investments in education, research and infrastructure.

Heroic Banker Defends Other Heroic Bankers

Mark Gongloff | Posted 05.04.2012

Mark Gongloff

Jamie Dimon would like you all to stop discriminating against banks now. The golden sun-god CEO of America's greatest bank, JPMorgan Chase, has becom...

Why Is the TPP Such a Big Secret?

Tim Robertson | Posted 05.07.2012

Tim Robertson

The only way the corporate shopping list that is the TPP can get past public scrutiny is if no one ever hears about it. Fortunately, activists are fighting back.