Banking Crisis

Banking Industry Reaps Biggest Earnings Since Before Crisis

Reuters | Posted 05.25.2012

Read More: U.S. Banks, 2008 Financial Crisis, u.s. Banking Industry Earnings 1q 2012, Video, u.s. Banking Industry, Reuters, Business News, Banking Crisis, Financial Crisis, Bank Earnings, Big Banks, Business News

WASHINGTON, May 24 (Reuters) - The U.S. banking industry for the first quarter reported its highest quarterly earnings since the first half of 2007,...

Read Whole Story

JPMorgan Losses Do Not Make the Case for Regulation

Mark A. Calabria | Posted 05.15.2012

Read More: Bank Regulation, JPMorgan Chase, Bank Reform, Financial Reform, Jpmorgan, Banking, Banks, Banking Crisis, Financial Crisis, Jamie Dimon, Financial Regulation, Business News
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.

Read Post

Wall Street Bankers Who Broke the Law Belong in Jail

Eric Griego | Posted 05.15.2012

Read More: Congress, New Mexico, Wall Street, Elections 2012, Wall Street Reform, Eric-Griego, Financial Crisis, Consumer Protection, Mortgage Crisis, Banking, Banking Crisis, Banks, Bankers, Politics News
Eric Griego

In Washington, I will fight to hold Wall Street accountable.

Read Post

Fixing Gross Inequality Is Not Socialism

Curtis Roosevelt | Posted 05.09.2012

Read More: Banking Crisis, Fdr, Social Security, Obama Socialist, New Deal, Income Inequality, Socialism, Franklin Roosevelt, Politics News
Curtis Roosevelt

Democrats are again in an excellent position to take a risk like FDR took with the New Deal. They might give themselves some identity other than that of modest centrists, constantly worried about offending one constituency or another.

Read Post

Define "Extraordinary"

George Goehl | Posted 05.07.2012

Read More: Brian Moynihan, Wells Fargo, Bank of America, Foreclosures, National People's Action, Corporate Power, Robo-Signing, Private Prisons, John Stumpf, Democratic National Convention, Charlotte, Bank of America Shareholders, Banking, Banking Crisis, Banks, Business News
George Goehl

We believe protest at the Bank of America meeting this year is not just normal -- it's the only response that makes sense. We don't want to protest Bank of America's shareholder meeting, but we have to, to protect our country from more unchecked corporate greed and abuse.

Read Post

The Financial Horror Story Still Needs Telling

Mark Gongloff | Posted 04.25.2012

Read More: Global Financial Crisis, Banks, Financial Crisis, Banking Crisis, Bank Bailouts, Wall Street, Frontline Financial Crisis Documentary, Financial Crisis Documentary, Video, Business News
Mark Gongloff

Watch Money, Power and Wall Street: Part One on PBS. See more from FRONTLINE. Frontline's new documentary about the financial crisis probably do...

Read Post

Ex-Iceland Prime Minister Faces No Punishment For Role In Financial Crisis

AP | ANNA ANDERSEN | Posted 04.23.2012

Read More: Global Recession, Video, Landsdomur, Criminal Prosecution, Reykjavik, Banking Crisis, Financial Crisis, Iceland, Geir Haarde, Prime Minister, Business News

REYKJAVIK, Iceland — The leader of Iceland's government when the nation's banking system collapsed was convicted Monday of one criminal charge, ...

Read Whole Story

You've Come a Long Way, Ben

Robert Kuttner | Posted 04.16.2012

Read More: Banking Crisis, Financial Crisis, Dodd-Frank, Tim Geithner, Wall Street, Federal Reserve, Financial Regulation, Ben Bernanke, Business News
Robert Kuttner

Does Ben Bernanke deserve the accolade bestowed in the April Atlantic magazine cover profile, "The Hero?" Not entirely. But if you look at Bernanke over the past ten years, what you see more than anything else is a learning curve on matters of regulation.

Read Post

Banks Were Too Big To Fail 200 Years Ago, Too

The Huffington Post | Mark Gongloff | Posted 04.11.2012

Read More: JPMorgan Chase, Video, Wall Street, Financial Sector, Finance, Too Big to Fail, Bank of America, Banks, Banking Crisis, Banking Sector, Citigroup, Business News

If you think American banks are too big to fail now, you should have seen them 200 years ago. Banks dominated the American corporate landscape in 1...

Read Whole Story

Getting Clear About Voting Independent

Mitchell J. Rabin | Posted 04.03.2012

Read More: Big Pharma, Justice-Party, Leadership, Third Party, Abetterworld, Fukushima, Mayor, Nuclear Power, President Barack Obama, President Obama, Guantanamo, Two Party System, Independent Party, Clean Energy, Obama, Health Insurance, Green Energy, Presidential Debates, Banking Industry, Barack Obama, Rocky Anderson 2012, Chernobyl, Politics, Dr. John Hagelin, Ross Perot, Green Technology, Agribusiness, Banking Crisis, Constitution, Rocky Anderson, Ralph Nader, Voting, Politics News
Mitchell J. Rabin

What matters is having a leader, not a politician, assume political office. And so I suggest that people look to break out of the two-party trance and take on a pro-active role in taking your government back to serve You, your family, your friends, your community.

Read Post

Backpage Not Complying With Requests to Help Stop Sex Trafficking

Conchita Sarnoff | Posted 04.03.2012

Read More: Politics, Goldman Sachs, Senator Leahy, Craigslist Sex Ads, Child Sex Trafficking, Financiers, Sex, Banking Regulation, Senator Rubio, Banking Crisis, Senator Boxer, Banking Reform, Backpage.com, Senator Durbin, Impact News
Conchita Sarnoff

Nicholas Kristof reported in Sunday's New York Times Magazine that Goldman Sachs owns a 16% stake of Village Voice Media.

Read Post

Buddhist Economic Wisdom For Falling Back In Love With Mother Earth

John Stanley | Posted 03.30.2012

Read More: Banking Crisis, Climate Change, Dalai Lama, Free Market, Economics, Buddhism, Eco-Buddhism Project, Buddhist Economics, Religion News
John Stanley

Zen master Thich Nhat Hanh believes that putting an economic value on nature is not enough. Fundamental change can happen only if we fall back in love with our planet.

Read Post

Too Smart To Fail

Thomas Frank | Posted 05.26.2012

Read More: Banking, Banking Crisis, Baffler, Too Smart to Fail, Notes on an Age of Folly, Economy, Books News
Thomas Frank

In the twelve hapless years of the present millennium, we have looked on as three great bubbles of consensus vanity have inflated and burst, each with consequences more dire than the last. But what rankles now is our failure to come to terms with how we were played.

Read Post

Spring Cleaning: U.S. Treasury Announces Dutch Auction; FDIC Closes Two More Ailing Banks

Dennis Santiago | Posted 05.26.2012

Read More: Tarp, Banking Crisis, FDIC Bank Failures, Institutional Risk Analytics, Bank Bailout, Business News
Dennis Santiago

The FDIC closed two banks last Friday. Covenant Bank & Trust in Rock Spring, Georgia and Premier Bank in Wilmette, Illinois succumbed to long-time stresses.

Read Post

It May Be Just Dirt to Some, but to Small Business Owners, It's the Essence of Our Lives

David Wilson | Posted 05.22.2012

Read More: Small Business Loans, Congress, Foreclosure Crisis, Small Business, Unemployment, Economy, Economic Crisis, Jobs, Banking Crisis, Small Business News
David Wilson

Small business made this country great and we can do it again. We can, better than anyone, insure people will stay in their homes by hiring back our talented workforce that has and will continue to be our nation's greatest asset.

Read Post

Banks Could Learn a Thing or Two

James Perry | Posted 05.20.2012

Read More: Big Banks, Bank of America, Bank Lending, Kiva, Banking, Banks, Banking Crisis, Bank Bailout, Kiva New Orleans, Kiva Detroit, Business News
James Perry

The principled belief that a stronger local, state and national community results in a stronger more consistent bottom line for lending institutions is not just feel good chatter. In fact, their existence relies upon this business principle.

Read Post

The Fed's No Stress Stress Test

Laurence J. Kotlikoff | Posted 05.14.2012

Read More: Financial Regulatory Reform, Financial Crisis, Treasury, Banking Crisis, Banks, Federal Reserve, Financial Regulation, Financial Reform, Business News
Laurence J. Kotlikoff

Today's Wall Street Journal carried a cover story, "Stress Tests Buoy U.S. Banks." In fact, the stress tests showed exactly the opposite. Of the 19 ...

Read Post

Big Bank Settlement Offers Cities Opportunity to Address Foreclosure Devastation - If They Take It

Dan Kildee | Posted 04.17.2012

Read More: Foreclosure Crisis, Subprime Mortgages, Foreclosure Settlement, Mortgage Crisis, Banks, Banking Crisis, Foreclosure, Mortgage Settlement, Wall Street, Land Banks, Business News
Dan Kildee

The $26 billion settlement between state attorneys general, the federal government and five of the nation's largest banks offers a cautionary tale and some real opportunities for communities grappling with the foreclosure crisis.

Read Post

Financial Regulators Don't Reflect America's Diversity

Preeti Vissa | Posted 04.16.2012

Read More: Fdic, Federal Reserve, Banking Crisis, Banks, Foreclosure Crisis, Securities and Exchange Commission, Diversity, Financial Reform, Business News
Preeti Vissa

Could the crisis have been averted if our financial regulators were more plugged into the communities that were hit first and hardest?

Read Post

'Not So': Volcker Responds To Critics Who Say His Rule Will Wreak Havoc On Banks

The Huffington Post | Mark Gongloff | Posted 02.13.2012

Read More: Proprietary Trading, Dodd-Frank, Banking, Obama Financial Regulation, Financial Crisis, Banking Crisis, Banks, Global Financial Crisis, Paul Volcker, Volcker Rule, Financial Regulation, Business News

Paul Volcker has two words for the people who say the new banking-sector rule that bears his name is going to wreak havoc on the financial system: "No...

Read Whole Story

The Mortgage Settlement's Huge Missing Piece: Do Detailed Enforcement Provisions Exist?

Bruce Judson | Posted 04.14.2012

Read More: Banks, Banking Crisis, Financial Crisis, Housing Market, Robo-Signing, Housing Crisis, Foreclosure Crisis, Mortgage Settlement, Subprime Mortgages, Mortgage Crisis, Foreclosure, Foreclosure Settlement, Business News
Bruce Judson

Banks agreed to change their behavior as part of the robo-mortgage settlement announced last week. The announcement, however, left open critical quest...

Read Post

The Real Estate Supertanker Is Turning

Rob Taub | Posted 04.14.2012

Read More: Goldman Sachs, J.P. Morgan Chase, Economy, Wells Fargo, Bank of America, Mortgage Crisis, Banking Crisis, Bank Stocks, Stock Market, Real Estate, Citigroup, Business News
Rob Taub

For the last two years I've described the housing market as glacial, however, the ice is beginning a slow but steady thaw for the following reasons.

Read Post

Is the Robo-Mortgage Scandal the Back-End of Tax Evasion and Fraud?

Bruce Judson | Posted 04.07.2012

Read More: Financial Crisis, Banking Crisis, Housing Market, Robo-Signing, Housing Crisis, Foreclosure Crisis, Business News
Bruce Judson

The terms for the settlement of the robo-mortgage scandal and the states participating in the settlement are expected to be resolved soon. Unfortunat...

Read Post

Four More Bank Closures Mark the Week of January 27, 2012

Dennis Santiago | Posted 03.28.2012

Read More: Move Your Money, Dennis Santiago, Banking Crisis, Economic Recovery, Institutional Risk Analytics, Business News
Dennis Santiago

The general pattern of the FDIC closing banks with weak operating characteristics and deepening asset quality troubles continues. The FDIC shuttered four additional banks today bringing the 2012 count to seven.

Read Post

Sam Stein

Obama Administration And Banks Near Deal On Mortgage Fraud Legal Liability

HuffingtonPost.com | Sam Stein | Posted 01.28.2012

Read More: Mortgage Fraud Settlement, Video, Obama Mortgage Crisis, Obama Mortgage Plan, Foreclosure Crisis, Subprime Mortgages, Robo-Signing, Subprime Mortgage Crisis, Robosigning, Banking Crisis, Foreclosure Fraud, Home Foreclosures, Politics News

WASHINGTON -- The Obama administration, state attorneys general, and, perhaps, the nation's largest banks are close to a final settlement on the years...

Read Whole Story