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Wall Street Banks

Wall Street Starting To Scale Back Pay On Trading Desks

Posted 09.07.2011 | Business

NEW YORK (Lauren Tara LaCapra) - Large Wall Street banks are starting to scale back compensation on trading desks as shareholders grow increasingly re...

Goldman Sachs Will Lay Off 230 Employees In New York City

Posted 08.29.2011 | Business

Goldman Sachs Group Inc (GS.N) plans to lay off 230 employees in New York because of economic conditions, according to a state filing on Wednesday. ...

Big Banks Lose Battle Against Small Stock Research Site

Posted 08.20.2011 | Business

NEW YORK (Jonathan Stempel) - A federal appeals court handed a major defeat to Wall Street banks by ruling that an online news service did not misappr...

More Examiners Will Now Work At Companies They Regulate

Wall Street Journal | AARON LUCCHETTI | Posted 08.20.2011 | Business

As part of a push to prevent another financial crisis, the Federal Reserve Bank of New York and the Office of the Comptroller of the Currency are incr...

U.S. May Miss Out On China Investment Boom

New York Times | DAVID BARBOZA | Posted 07.04.2011 | Business

SHANGHAI — For three decades, wealthy nations have invested hundreds of billions of dollars in China, helping drive one of the most remarkable econo...

Banks Want Speed On New Rules, Delay On Implementation

Posted 07.02.2011 | Business

WASHINGTON (Christopher Doering) - Wall Street banks and major market players will deliver a mixed message to U.S. regulators at a meeting this week: ...

William Alden

Goldman Sachs Chief Could Face Criminal Prosecution For Role In Financial Crisis

HuffingtonPost.com | William Alden | Posted 06.14.2011 | Business

WASHINGTON -- Goldman Sachs executives deceived clients in order to profit off the brewing financial crisis and then misled Congress when asked to exp...

Big Banks Plan Sneak Attack on Wall Street Reform Law Within Days

Robert Creamer | Posted 05.25.2011 | Business
Robert Creamer

The financial sector does not make anything. Its goal is to take a little piece of every transaction as money flows through its hands, and in the coming days Wall Street will fight to continue this practice in its harshest form.

Can Harry Be a Hero?

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

The question is whether Reid will keep up his spirited defense of Social Security or whether he will buckle to the pressure from the financial industry and the Washington insiders.

It's Beginning to Look a Lot Like Oligarchy

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

It's beginning to look a lot like Christmas Ev'rywhere you go; Take a look in Tiffany's store, glistening once again With Wall Street bonus trinkets a...

Jimmy V, Elizabeth, Aretha & The Economics of Cancer

Don McNay | Posted 11.17.2011 | Healthy Living
Don McNay

We have become a nation where our leaders can throw billions at places like Goldman Sachs, which does nothing to touch the lives of average Americans, but underfund the war against cancer, which touches almost every family.

Wall Street Reform Bill Gives Regulators Power Over Pay -- Will They Use It?

washingtonpost.com | Zachary A. Goldfarb | Posted 05.25.2011 | Business

That largely overlooked provision of the law gives federal agencies expanded powers to write regulations dictating pay at financial firms. How they ch...

Wall Street Hopes to Use Republicans to Re-Purchase Congress

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

The same people whose recklessness caused so many everyday working class families to lose their jobs are now stoking the anger caused by their own actions and directing it toward Democrats who have brought them to account.

Why Dodd-Frank Won't Help Investors Decipher Big Bank Results

Bloomberg | Bradley Keoun | Posted 05.25.2011 | Business

The Dodd-Frank Act, designed to prevent future financial crises, does little to improve investors' ability to analyze results at the five biggest U.S....

At Goldman Sachs, Partners Can Lose Their Coveted Status

nytimes.com | SUSANNE CRAIG | Posted 05.25.2011 | Business

As many as 60 Goldman executives could be stripped of their partnerships this year to make way for new blood, people with firsthand knowledge of the p...

Another Reason to Break up Big Wall Street Banks

Robert Creamer | Posted 05.25.2011 | Business
Robert Creamer

Firms don't engage in price competition because they have a "gentlemen's agreement. If one of them starts undercutting the other they will drive down fees, and all of them see less money. The only way to end this is government action.

Democrats Must Unite to Stop Republicans from Making 2010 "The Year the Empire Strikes Back"

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

They used to say that the thing that is most likely to end war and conflict between the nations of the world would be an existential threat from a group of aliens from outer space. The same must be true for Democrats and progressives.

Shahien Nasiripour

Mutual Fund To No Longer Invest In 'Too Big To Fail' Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

A top-ranked mutual fund will no longer invest in "Too Big To Fail" banks, announcing Thursday it would extend a prohibition already in place against ...

The War For Financial Independence: The Call to Surrender

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

There's a new conventional wisdom forming in Washington, DC: the American dream of financial independence and security is gone. The ideal of "life, liberty, and the pursuit of happiness" is dead. Deal with it.

Shahien Nasiripour

Another Fed Official Supports Plan Forcing Banks To Spin Off Derivatives Units; Obama's Treasury STILL Opposed

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The president of the Federal Reserve Bank of St. Louis supports a Senate plan that would force Wall Street megabanks to spin off their derivatives uni...

Republican Defenders of Wall Street Beware: The Tea Party Is Coming

Robert Creamer | Posted 05.25.2011 | Business
Robert Creamer

Wall Street is a powerful political "wedge" issue. Lining up with the Wall Street Banks this spring is going to be really bad politics for Republicans this fall.

Rolfe Winkler: Greenspan's Insanely High Capital Standard Could Help Regulators

Reuters | Rolfe Winkler | Posted 02.13.2017 | Business

In his testimony before the Financial Crisis Inquiry Commission this week, Alan Greenspan suggested that Bear Stearns and Lehman Brothers would have s...

Banks Want Public Relations Makeover

nytimes.com | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

The efforts of the big banks to make over their images is a big shift from a year ago. After Washington's huge bailout of their industry, many financi...

Ten Rules for Democratic Success in Midterm Elections

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

There have been very few midterms in modern history where the party that holds the White House has not lost seats in the first midterm after its President first took office. But the Democrats can still prevent this.

NYT:Banks Slam Stock Research Site For Sharing Info With Ordinary Investors

nytimes.com | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

A while ago, a group of banks sued a Web site called theflyonthewall.com to prevent the site from publishing news headlines about their stock upgrades...