Banks on Huffington Post

Knock-Down Fight: City Takes On Banks Over Vacant Homes

2012-02-19T12:05:25Z

Funds meant to help struggling families in Cleveland are instead being used to knock down vacant and dilapidated homes left in the wake of the foreclo...

Read more: Vacancy, Mortgage Settlement, Baltimore, Cleveland, Memphis, Fannie Mae, Banks, Foreclosure, National Mortgage Settlement, Lawsuit, Business News

Camilla Webster: Smart Money Apps for City Living

2012-02-17T18:21:51Z

The following apps have changed my financial life, my health and my creativity. They're not the new "in" thing; they are money tools I've used for a year or more, which give me time to enjoy my life in NYC.

Read more: Iphone, Nyc, Money, Banks, iPhone Apps, Personal Finance, Money Apps, Saving Money Nyc, Money Saving Tips, New York News

Who's Really Paying The Tab For The Mortgage Settlement?

2012-02-17T18:03:14Z

Just who is paying for the big mortgage settlement, anyway?

The Obama administration says it's the banks. Mortgage investors worry it will be them....

Read more: Mortgage Settlement, Mortgage, Mortgage Servicers, Mortgage Foreclosure, Hud, Banks, Foreclosure, Foreclosure Fraud, Big Banks, Foreclosure Settlement, Business News

L. Randall Wray: Let's Make a Deal: The Bail-Out of Wall Street in Unusual and Exigent Circumstances

2012-02-16T17:11:09Z

There is little doubt that the global financial crisis posed "unusual and exigent" circumstances that had to be met with a huge response by the Fed (and Treasury). It is not clear, however, that the response actually mounted was legal. It was certainly not transparent.

Read more: Treasury Department, Wall Street Bailout, Bailout, Federal Reserve, Fed, Banking, Financial Crisis, Banks, Global Financial Crisis, Timothy Geithner, Bank Bailout, Banksters, Business News

Fed Official's Relationship Status: It's Complicated With The Volcker Rule

2012-02-16T17:30:00Z

* Fed bank supervisor says rule presents big challenge * Telling market making from prop. trading may be hardest * 17,00...

Read more: Dodd-Frank Act, Video, Wall Street, Dodd-Frank, Reuters, Federalist Society, Financial Crisis, Banks, Federal Reserve, Paul Volcker, Volcker Rule, Financial Regulation, Business News

Dennis M. Kelleher: Where Is Jamie Dimon When You Need Him?

2012-02-16T13:09:29Z

Now, when there are some very real and very serious anti-American actions being asked for, Dimon is strangely silent. Could it be because the current anti-American requests coincide with his claims against financial reform? Of course it is.

Read more: Dodd-Frank Act, Wall Street Bailout, Dodd-Frank, United Kingdom, Financial Reform, Wall Street Reform, Jamie Dimon, Taxpayers, Paul Volcker, Volcker Rule, Rulemaking, Canada, Goldman Sachs, Proprietary Trading, Greece, Bailout, Treasury, Financial Crisis, Banker Bonuses, Simon Johnson, Wall Street Bonuses, Financial Regulation, Derivatives, Loopholes, JP Morgan, Wall Street Crisis, Wall Street, Greece Debt Crisis, Japan, Anti-American, Better Markets, 2008-Crisis, Banking, Banks, Business News

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

2012-02-16T12:32:24Z

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 more: Foreclosure Crisis, Subprime Mortgages, Foreclosure Settlement, Mortgage Crisis, Banks, Banking Crisis, Foreclosure, Mortgage Settlement, Wall Street, Land Banks, Business News

Mike Lux: A New Strategy for Wall Street Accountability

2012-02-15T17:33:17Z

One of the things we always need to be careful of is letting down after a big fight comes to a conclusion. With the banking settlement finished, one phase of the fight for Wall Street accountability is over, but now we enter an even more important next phase.

Read more: Fannie Mae, Banks, Freddie Mac, Wall Street, Eric Schneiderman, Politics News

Preeti Vissa: Financial Regulators Don't Reflect America's Diversity

2012-02-15T14:37:50Z

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

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

Abigail Caplovitz Field: There's No Bank 'Settlement' -- That Was All Election PR

2012-02-14T15:04:58Z

What are "Agreements in Principle"? Everyone in the know knows there's no deal yet, just promises from the ever-so-trustworthy bankers and the Feds that cater to them.

Read more: National Mortgage Deal, Mortgage Settlement, 2012 Election, Eric Schneiderman, Attorney General, Elections 2012, Mortgage Crisis, Bank of America, Banks, National Mortgage Settlement, Business News

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

2012-02-13T14:29:39Z

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 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

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

2012-02-13T13:28:21Z

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

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

Dennis M. Kelleher: Protect Taxpayers Now With a Strong Volcker Rule

2012-02-13T12:42:16Z

The argument for the Volcker Rule is obvious -- we shouldn't allow risky bets that pay enormous bonuses to bankers if they work, but stick taxpayers with the bill if they fail.

Read more: Dodd-Frank Act, Hedging, Derivatives, Financial Reform, Bailouts, Derivatives Reform, Derivatives Regulation, Market Making, Big Banks, Paul Volcker, Volcker Rule, Barack Obama, Wall Street Crisis, Proprietary Trading, Wall Street Bailouts, Wall Street, Banks, Financial Crisis, Derivatives Trading, Financial Regulation, Business News

Three Things The Mortgage Settlement Won't Do

2012-02-09T10:36:07Z

Huzzah, we finally have a massive mortgage-foreclosure settlement. At long last banks will be taken to task for sloppy foreclosure practices that ruin...

Read more: Mortgage Settlement, Economy, Schneiderman Settlement, California Settlement, Kamala Harris Settlement, Banks, Obama, National Foreclosure Settlement, National Mortgage Settlement, New York Settlement, Foreclosure Settlement, Business News

Mark Gongloff: 3 Things The Mortgage Settlement Won't Do

2012-02-09T12:27:09Z

Huzzah, we finally have a massive mortgage-foreclosure settlement! At long last banks will be taken to task for sloppy foreclosure practices that ruined millions of lives. The housing market will get a lift, and all will be well with the world. Except probably not so much.

Read more: Mortgage Settlement, Economy, California Settlement, Schneiderman Settlement, Kamala Harris Settlement, Banks, Obama, National Foreclosure Settlement, National Mortgage Settlement, Foreclosure Settlement, New York Settlement, Business News

Stanley A. Dashew: How to Succeed in Small Business Even During Hard Times

2012-02-08T18:32:35Z

What bothers you? I mean, what really grates on your nerves? Chances are, whatever the problem, others feel the same way. I made my first fortune in starting a company that automated the credit card industry, because paper cards were very problematic and really grated on the nerves of bankers.

Read more: Small Business, Finance, Money, Banks, Credit Cards, Technology, Business, Great Depression, Small Business News

California City Pulling Millions Out Of Bank

2012-02-06T13:33:47Z

In what may be the most damaging blow to Big Banks since the overwhelming success of Bank Transfer Day in late 2011, the City of Berkeley recently ann...

Read more: California, Occupy Wall Street Protests, Berkeley, Wells Fargo, Ows, Occupy Wall Street, Banks, Berkeley Wells Fargo, Occupy Movement, San Francisco News

One Bank To Publish List Of Defaulters

2012-02-04T01:22:00Z

MUMBAI, Feb 4 (Reuters) - The State Bank of India , the country's biggest lender, will name and shame "wilful" defaulters and put their pictures in ...

Read more: State Bank of India Defaulters, Video, Reuters, Business News, Banks, Name and Shame, State Bank of India, Indian Banks, Business News

José Viñals: How to Exit the Danger Zone: IMF Update on Global Financial Stability

2012-02-01T17:48:43Z

The global financial system remains fragile. It is urgent to restore confidence in the euro area and beyond. Otherwise we run the risk of a deepening of the crisis, with far-reaching global economic and social consequences.

Read more: Capital Buffers, Economy, Global Financial Stability Report, Economic Crisis, Emerging Economies, Banks, Financial Crisis, Imf, Europe, Eurozone Debt Crisis, Business News

Robert Teitelman: Christopher Whalen and the Bet on Small Banks

2012-02-01T12:16:30Z

Traditional banking is a difficult, commoditized service business, shorn of products that make fat profits. That's the reality that no one ever speaks of when they cry out to revive Glass-Steagall or when they wax poetic about the joys of small-town banking.

Read more: Nassim Taleb, Meredith Whitney, Dealbook, Christopher Whalen, Whalen, Banking, Small Banks, Banks, Business News

Jerry Chautin: Commercial Mortgage Bankers Are Doing Deals As the Real Estate Market Breathes New Signs of Life

2012-02-01T10:40:02Z

Rental apartments are back in demand, financing for hotels and motels is loosening up a bit and investors are stepping off the sidelines with wads of cash to do deals.

Read more: Rentals, Financing, Banks, Recession, Real Estate, Loan Application, Credit Crunch, Cash Flow, Charles Green, Working Capital Loans, Multifamily Financing, Insurance, Business News, Bankruptcy, Financial Institutions, The Loan Book, Wells Fargo Bank, Commercial Real Estate Loans, Acquisition Loans, Job Creation, Alternative Financing, Small Business Loans, GE Capital, Fannie Mae, Mortgage Bankers Association Convention, Anthony Falor, Freddie Mac, Bob Coleman, Borrowing Money, Lending Programs, Sba, Investor, Fidelity National Bank, Cref, Small Business America, Business News

Disgraced Bank's Ex-CEO Stripped Of Knighthood

2012-01-31T13:40:00Z

LONDON, Jan 31 (Reuters) - Britain took the rare step of stripping former Royal Bank of Scotland chief Fred Goodwin of his knighthoo...

Read more: 2008 Financial Crisis, Fred Goodwin, Video, ABN Amro, Bailout, Reuters, Banks, Nicolae Ceausescu, Recession, Royal Bank of Scotland, Taxpayer, Knighthood, Business News

John Arensmeyer: The State of Small Business: Credit and Jobs Must be Addressed

2012-01-30T14:06:56Z

For too long, small businesses have been struggling to bear the brunt of the recession. Lending has all but dried up, and too many lawmakers are spending more time playing politics than working to pass smart legislation to help them. How do we know small business owners feel this way? We asked them.

Read more: Small Business Loans, Small Business America, Credit Cards, Small Business, Credit, Community Banks, Lending, Small Business Credit, Banks, Small Business Lending, Small Business News

Auction 2012: How The Bank Lobby Owns Washington

2012-01-30T11:25:00Z

Auction 2012 is a weeklong series in collaboration with "The Dylan Ratigan Show" and United Republic.

When Washington puts policy on the auction bl...

Read more: Financial Services, Auction 2012, Lobbying, Lobbyists, ATM Fees, Tom Harkin, Dick Durbin, Credit Card Rates, Bernie Sanders, Big Banks, Cramdown, Video, Sheldon Whitehouse, Bank Lobby, Banks, Financial Crisis, American Bankers Association, Brad Miller, Politics News

Mortgage Giant Stands To Make Huge Profit Off Americans' Financial Troubles

2012-01-30T08:14:46Z

Freddie Mac, the taxpayer-owned mortgage giant, has placed multibillion-dollar bets that pay off if homeowners stay trapped in expensive mortgages wit...

Read more: Mortgages, Freddie Mac, Freddie Mac Mortgages, Economic Crisis, Mortgage Crisis, Banks, Financial Crisis, Business News