iOS app Android app


When Worlds Collude: Right-wing Whistleblower Courts Left-Leaning Occupy Banking Group

Jerry Ashton | Posted 08.19.2013 | New York
Jerry Ashton

Can this new mutuality of efforts comprise a new path which might be taken by people on the left and the right of the spectrum? That rare "common ground?"

How Dare DOJ Insult HSBC's Crooks as Less 'Professional' Than Liberty Reserve's Crooks?

William K. Black | Posted 07.30.2013 | Business
William K. Black

Two of the largest banks in the world, which reap massive explicit and implicit subsidies from the government, were criminal enterprises for at least a decade. Each engaged in violations that were vastly larger than Liberty Reserve.

How Markets Fail

Carl Pope | Posted 07.13.2013 | Green
Carl Pope

It is clear that there are far cheaper fuels -- efficiency, solar and wind to replace coal and natural gas in the U.S., and biofuels or electricity elsewhere to reduce oil intensity. So how much $100 fossil fuel can the world afford, climate aside?

Good Governance Requires Dimon to End Dual Roles at J. P. Morgan Chase

Frank Vogl | Posted 07.12.2013 | Business
Frank Vogl

Breaking up the biggest banks because they are perceived as "too big to fail" is unrealistic. What is needed, however, are improvements in the transparency and the accountability of governance in these institutions.

Does The Philippines Deserve Its Investment Grade?

Edsel Tupaz | Posted 07.07.2013 | World
Edsel Tupaz

Over the past decade the Philippines' sovereign credit rating oscillated between "negative" and "stable," reflecting concern about the ability of the government to collect sufficient tax revenue, manage its budget, and sustain a high rate of GDP growth.

Too Big to Jail Bank: I'm Sorry. Now Can I Go Back Out and Play?

Bartlett Naylor | Posted 05.29.2013 | Business
Bartlett Naylor

The Standard Chartered agreement with the Department of Justice actually anticipates dismissals of its crime. It states that if Standard Chartered denies its crimes, it must issue a new statement within five days after the government orders it.

Big Bank Immunity: When Do We Crack Down on Wall Street?

Dean Baker | Posted 05.11.2013 | Business
Dean Baker

There is the possibility that the Justice Department really believes that prosecuting the criminal activities of Bank of America or JP Morgan could sink the economy. If this is true then it make the case for breaking up the big banks even more of a slam dunk.

An Etiquette Lesson for Elizabeth Warren From 'El Loco'

Richard (RJ) Eskow | Posted 05.10.2013 | Politics
Richard (RJ) Eskow

Politicians and regulators serve criminal banks for the very same reason that Willie Sutton robbed them: That's where the money is.  If these senators don't figure that out pretty soon, they're going to have to go to the people to raise money.

When Good Things Happen to Bad People

Jerry Ashton | Posted 05.08.2013 | New York
Jerry Ashton

As our government of the richest and mightiest country in the world is incapable of effecting retribution, we can only implore the divinity: please see to it that really bad things happen to these really bad people.

Congress Must End 'Too Big to Jail'

Stefanie Ostfeld | Posted 05.07.2013 | Politics
Stefanie Ostfeld

There is a clear role for the Treasury, and senators should use today's hearing to clarify it. If the Treasury has a responsibility to coordinate and ensure regulatory oversight of U.S. financial institutions, then what is it doing to ensure financial regulators provide stronger oversight?

HSBC Profits Still Climb Despite Scandal

AP | GREGORY KATZ | Posted 05.04.2013 | Business

LONDON — The HSBC banking group saw its net profits drop nearly 17 percent in 2012, as it counted the cost of a hefty U.S. fine it paid to settl...

Eleazar David Melendez

Banks Could Owe HOW MUCH For Housing Boom Fraud? | Eleazar David Melendez | Posted 02.26.2013 | Business

A verdict delivered earlier this month by a prominent federal judge heightens the prospect that the nation’s largest financial institutions will be ...

Americans Not Saving Nearly Enough For Retirement, Study Says

The Huffington Post | Shelley Emling | Posted 02.20.2013 | Fifty

The average person in the United States will spend 21 years in retirement, but will deplete their savings after just 14 years, leaving a shortfall of ...

Zach Carter

Republicans Offer Wall Street Reform Deal | Zach Carter | Posted 02.12.2013 | Politics

WASHINGTON -- After more than four years of blanket opposition to Wall Street reform, House Republicans are finally offering Democrats a deal. But the...

CEO Reveals Why His Bank Was 'Very Attractive' To Criminals

Reuters | Posted 04.08.2013 | Business

* Structure was "not fit for purpose" in modern world -CEO * Says structural change was biggest in HSBC's history ...

WATCH: Matt Taibbi on Our Blind Eye to Shockingly Bad Behavior

Bill Moyers | Posted 04.03.2013 | Politics
Bill Moyers

"The rule of law isn't really the rule of law if it doesn't apply equally to everybody. If you're going to put somebody in jail for having a joint in his pocket, you can't let higher ranking HSBC officials off for laundering $800 million for the worst drug dealers in the entire world."

Different Rules for Plutocrats

C. Robert Gibson | Posted 03.24.2013 | Politics
C. Robert Gibson

While federal prosecutors sought to throw the book at a 26-year-old hacker who tried to distribute information for free, federal regulators are sitting on their thumbs when it comes to community drinking water supplies.

HSBC To Pay Big Foreclosure Settlement

AP | Posted 01.18.2013 | Business

WASHINGTON (AP) — British bank HSBC will pay $249 million to settle federal complaints that its U.S. division wrongfully foreclosed on homeowners wh...

Gerry Smith

How Banks Are Outsourcing Their Defense Against Cyber Attacks | Gerry Smith | Posted 01.10.2013 | Technology

For weeks, hackers have attacked many of the country's largest banks, disrupting their websites and frustrating customers who have been unable to acce...

'I Can Not Believe Our Nation's Enemies Are Getting Better Bank Customer Service Than I Am'

Posted 01.10.2013 | Comedy

After Tuesday's fairly heavy show on gun control, Jon Stewart decided to cover more light-hearted news on Wednesday by taking on our country's corrupt...

This Big Bank Laundered 'A Lot Of Money' For Colombian Drug Lords

Reuters | Posted 03.04.2013 | Business

* Drug cartels used complex scheme to launder money * Smuggled dollars to Mexico, put them in HSBC accounts ...

Money Launderers and Corporate Bribers Must Be Brought to Justice

Frank Vogl | Posted 02.26.2013 | Crime
Frank Vogl

The punishment needs to fit the crime, but are some giant multinational corporations now so large that they no longer can be punished effectively?

A Christmas Carol for Bankers

Brandon L. Garrett | Posted 02.23.2013 | Business
Brandon L. Garrett

With the help of three ghosts, Scrooge finally reached redemption by learning to give to others. As events of the past two weeks have shown, modern bankers have their own ghosts to face: federal prosecutors.

Wake-Up Call on Financial Reform

Jonathan Reiss | Posted 02.19.2013 | Business
Jonathan Reiss

The HSBC money-laundering settlement demonstrates conclusively that the Dodd-Frank reforms have not ended so-called "Too-Big-to-Fail" problem. The outrage about HSBC getting off so lightly has been too narrowly focused.

4 Insane Ideas Behind Obama's and Cameron's Decision That HSBC's Officers Should Be Immune From Prosecution

William K. Black | Posted 02.18.2013 | Business
William K. Black

HSBC marks the triumph of crony capitalism in the U.S. and the U.K. Fraudulent SDIs have no permanent alliances or ideology -- only permanent interests in being above the law and free of "free" market competition.