Banking Crisis

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Out of the Ashes of GM: The Phoenix of Renewable Energy

Ellen Brown | Posted 07.14.2009 | Business

Read More: Taxes, Unemployment, General Motors, Inflation, Renewable Energy, Banking Crisis, Federal Reserve, Michael Moore Economy, Green Bank, Bank of North Dakota, Federal Budget, Business News

To put or new car company to good use, we just need to own a bank.

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Citigroup Bonuses: Bank Paying Millions To Attract Talent

The Huffington Post | Ryan McCarthy | Posted 07.10.2009 | Business

Read More: Treasury Department, Citigroup, Executive Compensaton, Bailout, Wall Street Pay, Tim Geithner, Banking Crisis, Stefanos Bitzakidis, Tarp, Rachel Lord, Business News

LONDON -- Treasury Secretary Timothy Geithner is set to unveil his much-anticipated guidelines on investment banking pay this week. But he may be too ...

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Wall Street Pay: Obama's Changes Set To Be Announced

nytimes.com | LOUISE STORY and ERIC DASH | Posted 07.09.2009 | Business

Read More: Tarp, Wall Street, Troubled Asset Relief Program, Banking Crisis, Obama Bailout, Bank Bailout, Executive Compensation, Business News

The Obama administration plans to require banks and corporations that have received two rounds of federal bailouts to submit any major executive pay c...

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Fantasies of Green Shoots

Robert Kuttner | Posted 07.08.2009 | Business

Read More: Banking Crisis, Subprime Mortgages, Housing Crisis, Lobbyists, Barack Obama, Economy, Bailouts, Economic Crisis, Business News

There is a huge reality gap between the happy talk about green shoots, banks passing stress tests, the rise in unemployment slowing -- and what's happening out in the real economy.

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Lawsuit Accuses Wells Fargo Of Steering Blacks To Subprime Mortgages

New York Times | MICHAEL POWELL | Posted 07.07.2009 | Business

Read More: Subprime Mortgages, Bank Bailouts, Financial Crisis, Wells Fargo Subprime Mortgages, Banking Crisis, Wells Fargo, Business News

As she describes it, Beth Jacobson and her fellow loan officers at Wells Fargo Bank "rode the stagecoach from hell" for a decade, systematically singl...

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Bank Of Lincolnwood Shut By Federal Regulators, 37th FDIC Bank To Fail This Year

AP | MARCY GORDON | Posted 07.07.2009 | Chicago

Read More: Bank of Lincolnwood, Bank Failures, Illinois Bank Failures, Fdic, Banking Crisis, Republic Bank of Chicago, Chicago News

WASHINGTON — Regulators on Friday shut down Bank of Lincolnwood, a small bank in Illinois, marking the 37th failure this year of a federally ins...

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Accounting Rules Hide Bank Loan Losses

bloomberg.com | Posted 07.06.2009 | Business

Read More: Banking-Reform, Morgan Stanley, Joseph Stiglitz, Wells Fargo, Bank of America, Banking Crisis, Timothy Geithner, Bank Loans, Business News

June 5 (Bloomberg) -- Big banks in the U.S. say they're on the mend. The five largest were profitable in the first quarter, rebounding from record los...

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Bank Lobby Already Winning Battles

nytimes.com | STEPHEN LABATON | Posted 07.06.2009 | Business

Read More: Richard Durbin, Bank of America, Banks, Banking Crisis, Bank Bailout, American Bankers Association, Business News

As Congressional Democrats and the White House crow about multiple victories over the financial industry, including new rules for credit card issuers,...

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Five Ways the U.S. Bailed Out the Bankers

Jim Randel | Posted 07.05.2009 | Business

Read More: Tarp, Taxes, Federal Reserve, Banking Crisis, Bailout, Finance, Barack Obama, Economy, Business News

When is the U.S. is getting in return a banking system that is sufficiently accommodating to the folks that kept it alive ... the good, old American taxpayer?

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Bad Bank Loans Hit Record High

nytimes.com | FLOYD NORRIS | Posted 06.29.2009 | Business

Read More: Fdic, Bank Loans, Federal Deposit Insurance Corp, Banking Regulation, Banking Crisis, Bank Bailout, Business News

Overall loan quality at American banks is the worst in at least a quarter century, and the quality of loans is deteriorating at the fastest pace ever,...

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Special Prosecutor of Iceland Bank Crash: "The Idea Most People Have of Banking Has No Basis In Reality"

Iris Erlingsdottir | Posted 06.28.2009 | World

Read More: Iceland Banks, Johanna Sigurdardottir, Iceland Economy, Iceland National Bankruptcy, Banking, Iceland Economic Crisis, Banking Crisis, Iceland Global Economic Crisis, Global Financial Crisis, Iceland Financial Crisis, Iceland Economy Collapse, Iceland Bank Crisis, Iceland, Iceland Bankrupt, Johanna Sigurdardottir Iceland, Global Economic Crisis, World News

"Perhaps things weren't illegal, but when do you cross the line from a framework of standard marketing practices and into bribery?"

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FDIC: U.S. 'Problem' Banks Rise to 305

bloomberg.com | Margaret Chadbourn and Alison Vekshin | Posted 06.27.2009 | Business

Read More: Fdic, 305 Problem Banks, Bailout, Community Banks, Federal Deposit Insurance Corp, Small Banks, Financial Crisis, Banking Crisis, FDIC Chairman Sheila Bair, Problem Banks, Business News

May 27 (Bloomberg) -- U.S. "problem" banks climbed 21 percent to the highest total in 15 years in the first quarter, and provisions set aside for loan...

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Banks Earned $7.6 Billion In First Quarter Profits

AP | MARCY GORDON | Posted 06.27.2009 | Business

Read More: Investment Banks, Fdic, Morgan Stanley, Wells Fargo, Federal Deposit Insurance Corp, Bank of America, Banks, Banking Crisis, Sheila Bair, FDIC Chairman Sheila Bair, Gmac, Citigroup, Business News

WASHINGTON — The nation's banks turned a profit in the first quarter, but the number of problem banks jumped to the highest level in 15 years an...

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Banks Lobby To Be Both Buyers and Sellers In Troubled Asset Program

wsj.com | DAVID ENRICH, LIZ RAPPAPORT and JENNY STRASBURG | Posted 06.27.2009 | Business

Read More: Investment Banks, Goldman Sachs, Fdic, Bank Lobby, Private Public Investment Program, Wells Fargo, Ppip, Banking Regulation, Bank of America, Banking Crisis, Citigroup, American Bankers Association, Business News

Some banks are prodding the government to let them use public money to help buy troubled assets from the banks themselves. Banking trade groups are...

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BofA Wants To Repay $45 Billion By End Of Year

ft.com | Patrick Jenkins, Greg Farrell and Francesco Guerrera | Posted 06.21.2009 | Business

Read More: Bank of America, Wall Street Bailout, Bailout, $45 Billion, Ken Lewis, Troubled Asset Relief Program, Bofa, Financial Crisis, Banking Crisis, Bank Bailout, Tarp, Business News

Bank of America wants to pay back $45bn in bail-out funds by the end of the year, in a faster-than-expected move made possible by an accelerated progr...

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Free Visa -- and MasterCard, Too

Jim Jaffe | Posted 06.19.2009 | Business

Read More: Mastercard, Banking Crisis, Banks, Credit Crisis, Credit Cards, Business News

There's a word that describes people who spend money -- whether they use cash or cards. That word is customer.

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CNBC Devotes Hour To "Future Of Capitalism" (VIDEO)

HuffingtonPost.com | Jason Linkins | Posted 06.19.2009 | Media

Read More: Video, Larry Fink, Cliff-Asness, Media Criticism, Cnbc, Financial Crisis, Banking Crisis, Financial News, Media News

CNBC apparently had a "Meeting Of The Minds," that was apparently very important to watch. It was about the future of Capitalism! It was in a special, dark room!

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Bair: Some Bank CEOs Will Be Fired

Huffington Post | Ryan McCarthy | Posted 06.15.2009 | Business

Read More: Fdic, Banking Crisis, Sheila Bair, Bank CEOs, Stress Test Results, Business News

Who will be the next CEO to get the ax? In an interview with Bloomberg television to be aired this weekend, FDIC chairman Sheila Bair says that some b...

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Banking Crisis Until 2013: S&P

Reuters | Jonathan Stempel | Posted 06.15.2009 | Business

Read More: Banking Crisis 2013, Economy, Banks, Banking Crisis, Economic Recovery, Banks Bailout, Recession, Business News

NEW YORK (Reuters) - A day after saying big U.S. banks probably needed to raise only one-fourth the capital demanded by the government, Standard & Po...

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Fear and Looting in America: Innovation or Casino Capitalism?

Les Leopold | Posted 06.14.2009 | Business

Read More: Financial Crisis, Banking Crisis, George Soros, National Public Radio, Wall Street Crisis, Wall Street, Regulation, Financial Innovation, Business News

Banning any derivative product that the average public official can't understand represents a financial innovation with promise.

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Community Banks Lumped In With Big Players, Forced To Pay High Premiums

washingtonpost.com | Steven Pearlstein | Posted 06.13.2009 | Business

Read More: Banking Bailout, Community Banks, Banking, Banks, Banking Crisis, Bank Bailout, Banking Industry, Regional Banks, Business News

We're hearing a lot these days from well-run regional and community banks that feel that they are being punished for the mistakes of the Citigroups an...

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Implications of the Bank Stress Tests

Douglas J. Elliott | Posted 06.12.2009 | Business

Read More: Tarp, Stress Tests, Troubled Assets Relief Program, Banking Bailout, Troubled Asset Relief Program, Banking, Banking Crisis, Financial Crisis, Imf, Banking Industry, Banking System, Troubled Banks, Business News

The financial "stress tests" on the big banks gave us good news: they "only" need $75 billion of new capital. That's a lot of money, but much less than many of us feared.

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Today's Speech for Tomorrow's Managers

Philip N. Cohen | Posted 06.11.2009 | Business

Read More: Commencement Speeches, Graduation Speeches, Enron, Banking Crisis, China Earthquake, China, Management, China Tainted Milk, Business News

We may use market forces for what they are good for -- setting prices - without being used by them for what they are bad for -- greed and corruption.

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NY Mag Suggests A Post-Stress Test Checklist

HuffingtonPost.com | Jason Linkins | Posted 06.08.2009 | Media

Read More: Stress Tests, Nouriel Roubini, David Brooks, Bank Stress Tests, Banking Crisis, Banks, Financial Crisis, Nassim Taleb, New York Times, Timothy Geithner, Paul Krugman, Bank Bailout, Media News

I have got to tell you all, I am LOVING THESE STRESS TESTS. For real. Who'd have thought that you could have a test in which the testees could negot...

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Stressless Tests: Our Treadmill Of Delusion

Anthony Citrano | Posted 06.06.2009 | Business

Read More: Stress Tests, Banking Bailout, Economy, Stress Test Results, Economic Crisis, Bank Stress Tests, Federal Reserve, US Economy, Breaking Business News, Wall Street, Business News, Banking Crisis, Banks, Financial Crisis, Toxic Assets, Ben Bernanke, Banks Bailout, Business News

The stress tests mostly overlook derivatives -- the $50 trillion elephant in the room -- by effectively letting banks apply their prior calculus in valuing them.

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