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Banking

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 ...

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

Frank Vogl | Posted 05.12.2013 | 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.

Big Banks Have Raked In $102 Billion In Subsidies Since 2009: Report

The Huffington Post | Mark Gongloff | Posted 05.10.2013 | Business

America's biggest banks want you to believe that they get no special advantage, no subsidies, from being too big to fail. And yet people keep finding ...

Of Bad Bankers and Mad Men

Lisa Longo | Posted 05.09.2013 | Business
Lisa Longo

When I was growing up the leaders in our community were the local politicians, the mayor, and the bankers. I can remember how my grandfather, who was ...

American Air Carriers Victim to U.S. Government's Corporate Cronyism

Ken Blackwell | Posted 05.06.2013 | Politics
Ken Blackwell

America is only four months into the second term of Barack Obama and already one of its most promising industries is suffering from a pair of grossly obtuse government agencies who have banded together to aid a foreign state-owned company at the expense of domestic firms.

What's the Future of Retail Banking?

Mary Buffett | Posted 05.05.2013 | Business
Mary Buffett

With the rise in technology and the changing nature of how people shop for financial products, has your local bank branch become irrelevant?

Mark Gongloff

JPMorgan Chase Regulatory Troubles Now Even More Troubling

HuffingtonPost.com | Mark Gongloff | Posted 05.03.2013 | Business

JPMorgan Chase's many regulatory troubles are once again hurting the bank's stock. At some point you have to ask, when do they hurt management, too? ...

Identity Theft: It's Not Just for Grownups!

Neale Godfrey | Posted 04.23.2013 | Parents
Neale Godfrey

Kids have pristine records with no real credit score of their own. Parents generally don't think to monitor the status of their kids' identity. This is the perfect combination for children to be the easy targets of identity theft.

Greening Your Financial Life: Tips from Ally Bank

Diane Morais | Posted 04.22.2013 | Green
Diane Morais

Just as driving a hybrid vehicle means less time spent filling up and using less water means shorter showers, greening your finances doesn't just help save the environment -- it saves you time.

Mark Gongloff

How Banks Are The New Big Oil

HuffingtonPost.com | Mark Gongloff | Posted 04.18.2013 | Business

Once upon a time, not long ago, oil companies were so despised that they had to downplay their massive profits in order to keep the angry mobs away. T...

Looking Ahead: One-Size-Fits-All-Approach Won't Work for EU Debt Crisis

Emmet Oliver | Posted 04.18.2013 | Business
Emmet Oliver

As European bank depositors, bank creditors and bank stockholders look back nervously at what happened recently in Cyprus, there is increasing speculation about what might happen to Slovenia and even some other European countries in relation to bank restructuring.

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 ...

Mark Gongloff

Spitzer: Throwing Bankers In Jail Wouldn't Hurt

HuffingtonPost.com | Mark Gongloff | Posted 04.16.2013 | Business

Maybe time has mellowed Eliot Spitzer. Spitzer, who built his political career as New York Attorney General more than a decade ago by crusading aga...

Building Trust and Compassion in Banking Through Transparency and Social Capital

Project Compassion Stanford | Posted 04.04.2013 | Business
Project Compassion Stanford

Trust can be restored to banking, when transparency exists to show that the bank and its customers, employees and stakeholders quantifiably improve safety for all, and function holistically as exchanges for capital in all its forms.

Banks' Future Legal Bills Get Smaller Every Day

Mark Gongloff | Posted 04.04.2013 | Business
Mark Gongloff

Big banks' future legal bills just keep getting smaller all of the time. In the latest boon from the bench, JPMorgan Chase on Wednesday convinced U.S. District Judge Jed Rakoff to dismiss the vast majority of claims brought against it by Dexia, slashing JPMorgan's potential liability in the case to $5.7 million from $774 million, according to JPMorgan's lawyer.

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

Mark Gongloff | Posted 04.02.2013 | 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.

It's Trick or Treat in Cyberland...

Rebecca Abrahams | Posted 04.01.2013 | Technology
Rebecca Abrahams

Mobile connectivity is exploding and smartphones and tablets are whetting the appetites of cyber criminals and the population of hacker world. Any device that has information stored on it is vulnerable.

Mark Gongloff

Bank Of America Best At Being The Worst

HuffingtonPost.com | Mark Gongloff | Posted 03.29.2013 | Business

This looks like it could finally be Bank of America's year. The No. 2 U.S. bank by assets has for the past four years finished in the top three of...

WalMart Is Finally (Sort Of) a Bank

Ron Galloway | Posted 03.28.2013 | Business
Ron Galloway

WalMart really did, this time, finally get its bank. But will it work for them as a business? Should they be in the banking business at all?

Big Banks Face $100 Billion Legal Tab (At Least)

The Huffington Post | Mark Gongloff | Posted 03.28.2013 | Business

You may think that being a too-big-to-fail bank is just one long, consequence-free romp, but it does come at some cost: an enormous and growing legal ...

Mark Gongloff

Senate Shows Unanimous Support For Ending Too-Big-To-Fail Subsidy

HuffingtonPost.com | Mark Gongloff | Posted 03.25.2013 | Business

In these hostile times, it's heartening to see there's still one thing able to bring Republicans and Democrats together: hating on banks. The U.S. ...

Cyprus -- The Nightmare Scenario

Laurence J. Kotlikoff | Posted 03.24.2013 | World
Laurence J. Kotlikoff

The Cypriot banks did what all banks do. They gambled. They borrowed money by taking in deposits as well as selling bonds, promised to repay, and then invested in assets they were sure would pay off. These assets included lots and lots of Greek government bonds.

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...

Mark Gongloff

Analyst Compares Bank Regulation To Drone Attacks

HuffingtonPost.com | Mark Gongloff | Posted 03.18.2013 | Business

What do bank regulations and drone attacks have in common? If you answered, "Nothing, what a stupid question," then you are obviously not famous bank ...

Three Tips for Getting a Business Loan: What You Need to Know

Mary Ellen Biery | Posted 05.18.2013 | Small Business
Mary Ellen Biery

Applying for a business loan can be intimidating and stressful, and it can be confusing to have an application rejected with little explanation. Three of these steps are described below, and should be completed prior to approaching a financial institution about a loan.