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Bankers

Pellucid Analytics: A Different Take on Solving the Investment-Banking Culture Problem

Dustin Farivar | Posted 07.24.2014 | Business
Dustin Farivar

I was well into my college career when I actually learned what investment banking was. A friend of mine told me he wanted to essentially sacrifice t...

Morgan Stanley CEO Doesn't Believe More Bankers Should Have Gone To Jail For Financial Crisis

Reuters | Lauren Tara LaCapra | Posted 05.06.2014 | Business

By Lauren Tara LaCapra NEW YORK, May 6 (Reuters) - Morgan Stanley Chief Executive James Gorman said on Tuesday that he does not believe more banker...

Why Only One Top Banker Went To Jail For The Financial Crisis

The New York Times | Posted 04.30.2014 | Business

On the evening of Jan. 27, Kareem Serageldin walked out of his Times Square apartment with his brother and an old Yale roommate and took off on the fo...

Will Bitcoins Become the People's Federal Reserve?

Fred Lundgren | Posted 05.23.2014 | Money
Fred Lundgren

Henry Ford said, "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there wou...

The Average Cash Bonus On Wall Street Is Now More Than $164,000

Reuters | Posted 03.12.2014 | Business

NEW YORK (Reuters) - Wall Street's cash bonus pool rose 15 percent to $26.7 billion in 2013 as average cash bonuses hit the third highest on record at...

Plutocrats Despising the Poor: An American Tradition

Joseph A. Palermo | Posted 04.16.2014 | Politics
Joseph A. Palermo

It's amazing how these people can whine in public about how they're being mistreated by people who change the sheets at the luxury hotels they stay in. But if you spend your life surrounded with sycophants who constantly tell you how brilliant you are it's possible to exist inside a bubble inside a bubble inside a bubble.

The 10 Resolutions I Want Everyone Else To Make In 2014

Roz Warren | Posted 02.18.2014 | Fifty
Roz Warren

Every year I make New Year's resolutions and every year I break them. So this year, I'm trying something different -- resolutions for other people. Hey world -- here are the changes I'd like to see YOU make in 2014.

Deputy Attorney General Admonishes Nation's Bankers

AP | PETE YOST | Posted 11.18.2013 | Politics

WASHINGTON (AP) — Admonishing the nation's bankers, the Justice Department's No. 2 official says too many financial institutions have failed in thei...

Bankers Awaken

Tarun Sakhrani | Posted 01.23.2014 | Business
Tarun Sakhrani

These freshly-hired graduates, with dollar signs in their eyes and visions of grand lifestyles in their heads, are subject to ridiculous working hours and conditions, because the employers know the thought process and know they will do whatever it takes.

Obama, Summers and the Collapse of Trust

Jerome Karabel | Posted 10.28.2013 | Politics
Jerome Karabel

Obama's choice of Summers as chair of the Fed would deal a devastating blow to what little is left of the public's faith that the government will serve the common good and not the ultra-rich. For Summers is the perfect symbol of the insider's game that now dominates Washington.

Bankers: The Real House Thieves of New Jersey

Richard (RJ) Eskow | Posted 09.29.2013 | Politics
Richard (RJ) Eskow

Sure, they still need scapegoats they can indict instead of Wall Street executives. But America doesn't want to see television's too-good-to-be-true housewife take the fall anymore -- not when it can get a caricaturishly bad one instead. Enter Teresa and Joe Guidice, our newest celebrity defendants.

Mark Gongloff

Bankers Agree They Get Paid Way Too Much: Survey

HuffingtonPost.com | Mark Gongloff | Posted 06.06.2013 | Business

If you are like 99.999 percent of humans, then you make much, much less money than bankers. You are likely aware of, or even angry about, this. But yo...

WATCH: Greedy Bankers Are Really Big Babies

Posted 06.04.2013 | Comedy

The world of finance can be terribly complex, which is hard to compromise with the fact that so many bankers act like overgrown children. In this n...

SHOCK! Bankers Are Getting Some Srsly Dubious Advice From Lawyers

The Huffington Post | Mark Gongloff | Posted 05.20.2013 | Business

From Saul Goodman of "Breaking Bad" to Harold Melvoin of "The Sopranos," sleazy lawyers on the teevee are always giving criminals career advice. This ...

Mark Gongloff

Bankers Struggle To Live On $1+ Million Pay: Report

HuffingtonPost.com | Mark Gongloff | Posted 05.02.2013 | Business

Like many carbon-based lifeforms, you perhaps think that bankers are driven only by naked greed. But that is just because you don't understand them: T...

Mark Gongloff

You Won't Believe This Banker's Name

HuffingtonPost.com | Mark Gongloff | Posted 04.18.2013 | Business

The coolest names in banking are disappearing one by one. And two of them have been from Barclays Capital: First was Bob Diamond, the richly named ...

Be Glad There's Not A Wave Of Mergers And Acquisitions

Mark Gongloff | Posted 06.02.2013 | Business
Mark Gongloff

There are a couple of stories today questioning why an expected wave of mergers and acquisitions hasn't happened yet. We should be glad it hasn't.

Federal Reserve Fights To Change Deeply Ingrained Wall Street Habit

Reuters | By Lauren Tara LaCapra | Posted 03.22.2013 | Business

NEW YORK (Reuters) - The Federal Reserve is pushing banks to ignore competitors' performance when awarding bonuses, and focus squarely on their own pr...

Mark Gongloff

OMG: Truly Clueless Money Saving Advice From Bankers

HuffingtonPost.com | Mark Gongloff | Posted 03.21.2013 | Business

Hello, average American. If you're anything like me, and why wouldn't you be, then you worry constantly about money. Fortunately for us, eFinancia...

President Mitt Romney

Steven Clifford | Posted 05.11.2013 | Comedy
Steven Clifford

I knew President Romney was unlikely to champion civil liberties, but I never imagined he would claim the right to kill people he did not like. I woke up terrified. "President Romney is trying to kill me with drones," I screamed.

Jamie Dimon's Favorite Movie Is 'Apocalypse Now'

Mark Gongloff | Posted 04.24.2013 | Business
Mark Gongloff

So here's one way the World Economic Forum in Davos is not entirely useless: It gave Fox Business Network's Liz Claman the chance to ask several CEOs to name their favorite movies. The results of this brilliant exercise are revealing. For example, did you know that Jamie Dimon's favorite movie is "Apocalypse Now"? It's true.

The Department of Justice? Not for Wall Street

Brian Young | Posted 04.06.2013 | Politics
Brian Young

This is not what has happened to banks who knowingly sold bad mortgages to people who could not afford them, then sold them off to investors in the market bundled into AAA rated securities. So, why is criminal court off the table in the financial sector?

The OCC's Tragic Response to the Frontline Expose: The Untouchables

William K. Black | Posted 03.28.2013 | Business
William K. Black

The Frontline documentary begins the process of explaining what we have been saying for years -- neither the Bush nor the Obama administration has been willing to conduct a real investigation of the elite banksters whose frauds made them wealthy and drove the financial crisis and the Great Recession.

Jamie Dimon: 'We're Doing The Right Thing'

AP | ANGELA CHARLTON and DAVID McHUGH | Posted 03.25.2013 | Business

DAVOS, Switzerland — Leading bankers at the World Economic Forum in Davos, Switzerland, are on the defensive amid demands to regulate their indu...

Two New Fraud Deals Show Wall Street's Washington Insiders at Work

Richard (RJ) Eskow | Posted 03.09.2013 | Politics
Richard (RJ) Eskow

It must've been like old home week when the old gang of Wall Street and Washington insiders finalized a couple more cushy settlements last week. But there was an empty chair at the negotiating table. That chair belongs to you, and it belongs to me.