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Banking Industry

Bank Profits Hit Record High

AP/HuffPost | Posted 10.29.2013 | Business

WASHINGTON -- U.S. banks earned more from April through June than during any quarter on record, aided by a steep drop in losses from bad loans. The...

The 10 Most Hated Industries In America

The Huffington Post | Harry Bradford | Posted 08.24.2013 | Business

The U.S. economy may be struggling to recover from the Great Recession, but the reputations of the industries many blame for the collapse aren't havin...

Why Senator Warren's '21st Century Glass-Steagall Act' Is Never Going to Happen

Casey Bond | Posted 10.20.2013 | Business
Casey Bond

Reinstating the act wouldn't instantly fix everything that's wrong with our system, but it sure would be a much-needed start -- just don't count on it ever happening.

Did You Know Overdraft Fees Are on the Rise?

MyBankTracker | Posted 09.24.2013 | Business
MyBankTracker

Banks continue to raise the fee that is charged when customers spend more than they have in their accounts. Since the end of 2012, the average fee for a $50 overdraft has increased from $33.70 to $34.90 at the 10 largest U.S. banks.

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...

What Wall Streeters Are Willing To Do When You Cut Their Precious Bonuses

The Huffington Post | Harry Bradford | Posted 03.15.2013 | Business

News flash: Apparently some Wall Street workers are only in it for the money. In 2012, 41 percent of Wall Street workers admitted to being ready to...

Those Banks Can't Lose Money All By Themselves

The Huffington Post | Mark Gongloff | Posted 12.03.2012 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

Consumer Bureau Bashed As Job Killer

The Huffington Post | Catherine New | Posted 07.25.2012 | Business

Job killer. That's the label one libertarian analyst of the banking industry slapped on the year-old Consumer Financial Protection Bureau at a congres...

New York City Bank Charged With Mortgage Fraud Worth Hundreds Of Millions

AP | JENNIFER PELTZ | Posted 07.31.2012 | Business

NEW YORK — A community bank and 19 ex-employees have been criminally charged with issuing hundreds of millions of dollars in fraudulent mortgage...

Wall Street Reform: Taking a Knife to a Gunfight

Sanjay Sanghoee | Posted 07.24.2012 | Business
Sanjay Sanghoee

If Congress is truly serious about banking reform, it needs more than just well-intentioned laws: it also needs the right people to enforce those laws, it needs to give those people the resources they require to do their job properly, and it needs to pay them decently.

Cooperative Banking is the Exciting Wave of the Future

Ellen Brown | Posted 05.23.2012 | Business
Ellen Brown

Globally, a burgeoning movement for local, cooperatively owned and community-oriented banks is blazing the trail toward a new, sustainable form of banking.

Getting Clear About Voting Independent

Mitchell J. Rabin | Posted 06.01.2012 | Politics
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.

Gen-X/Gen-Y Wealth Is Coming to Wall Street -- Financial Services Needs to "Catch the Wave"

April Rudin | Posted 05.27.2012 | Money
April Rudin

The differentiators and qualities displayed by Gen-X and Gen-Y need to be well-understood and addressed to attract the the next wave of wealth.

Good Decisions Require Proper Framing

Annie Duke | Posted 05.05.2012 | Money
Annie Duke

I can say a lot of things about green unicorns that might sound perfectly reasonable. Like green unicorns don't fare well in captivity because they ar...

Mark Gongloff

The Incredible Shrinking Bank Of America

HuffingtonPost.com | Mark Gongloff | Posted 02.02.2012 | Business

Once the biggest bank in the country, Bank of America is shrinking before our very eyes. After more than three years at the top, Bank of America is...

With Metlife Deal, GE Takes On $7.5 Billion In Consumer Banking Deposits

Posted 12.27.2011 | Business

(BEN BERKOWITZ and TANYA AGRAWAL, Reuters) - General Electric Co jumped into the retail deposits business on Tuesday, buying the online bank fro...

Is Your Bank One Of The Biggest 'Climate Killers'?

Posted 12.02.2011 | Green

Are big banks financing climate change? A new study detailing big banks' lending to the coal industry over the past six years says yes. "Bankrollin...

Bankers Face Double Whammy Of Job Cuts And Sluggish Hiring

Posted 01.11.2012 | Business

Bankers, enduring rounds of deep job cuts, face the grim prospect of having nowhere to turn to for immediate employment in the industry, as nearly...

Wall Street Employees Getting Smaller Bonuses This Year: Survey

The Huffington Post | Alexander Eichler | Posted 01.08.2012 | Business

It's been an underwhelming year for Wall Street, and traders will likely see that reflected in their bonuses, according to a new report. With the ...

Emergence Of The New Banking Economy: M&A, Regulatory And Market Forces Dramatically Reshaping Industry

Kevin L. Petrasic | Posted 01.04.2012 | Business
Kevin L. Petrasic

The U.S. banking industry is entering a particularly volatile period in our nation's economic history that is rapidly reshaping the industry, the demographics of financial services providers, and the way that financial products and services are delivered and consumed.

Obama Nominates Big Bank Critic To Key Financial Regulatory Post

Posted 12.21.2011 | Business

President Barack Obama on Thursday nominated a prominent critic of large banks for a key banking industry regulatory post. The White House said...

Jason Cherkis

Bank Of America To Perry: 'We Will Help You Out'

HuffingtonPost.com | Jason Cherkis | Posted 10.19.2011 | Politics

WASHINGTON -- A Bank of America executive offered more than just encouragement to Texas Gov. Rick Perry in a CSPAN clip uncovered by blog ZeroHedge. H...

No Balanced Budget Without Independence From Wall Street

Keith Harrington | Posted 09.23.2011 | Business
Keith Harrington

"We need to balance the budget in order to grow the economy." In the midst of the federal budget debt ceiling food fight, this may be one of the only ideas both political parties can more or less agree on.

Colorado Banks Shut Down By Regulators

AP | Posted 09.08.2011 | Denver

WASHINGTON (AP) -- Regulators shut down a bank in Illinois and two in Colorado on Friday, boosting to 51 the number of U.S. bank failures this year. ...

Departing Regulator: Government, Banks Suffer From 'Short-Termism'

The Huffington Post | Bonnie Kavoussi | Posted 08.25.2011 | Business

Sheila Bair, outgoing chair of the Federal Deposit Insurance Corp., said on Friday that the American government and financial system are in danger of ...