Banks on Huffington Post

Fed Official Essentially Calls For Dimon To Leave New York Fed

2012-05-24T16:00:28Z

Don't worry, Jamie Dimon. Even in the Facebook mess, you are not forgotten.

Kansas City Federal Reserve President Esther George on Thursday said in...

Read more: JP Morgan Chase, Jamie Dimon New York Fed, Esther George, JPMorgan Chase, Video, JP Morgan, Jamie Dimon JPMorgan Chase, Fed, Kansas City Fed President Esther George, Regulation, Federal Reserve, Banks, Jamie Dimon, New York Fed, Slideexpand, Business News

Michael Pento: Deflation Isn't the Enemy

2012-05-24T11:59:56Z

We now have entire nations which have become insolvent. It would be very difficult to argue that having a banking crisis is better than enduring a sovereign debt crisis, especially since much of the assets banks hold is sovereign debt.

Read more: Interest Rates, Debt, Central Bank, Deflation, Inflation, Money Supply, Banks, Free Market, Euro, Business News

Rep. Brad Miller: If We Can't Understand Them, We Should Just Break Them Up

2012-05-24T11:36:38Z

The biggest banks argue that if the lesser mortals who populate the institutions of democratic government don't understand the intricacies of their business, then we just shouldn't meddle.

Read more: Financial Crisis, Banks, Financial Regulation, Financial Reform, Jpmorgan, Banking Regulation, JPMorgan Chase, Banking Reform, Too Big to Fail, Jamie Dimon, Politics News

Robert Scheer: Do the Bain Hustle

2012-05-24T04:12:59Z

Obviously Barack Obama was right in criticizing Mitt Romney's stewardship of Bain Capital. How else to evaluate the business experience that Romney has made a central tenet of his campaign?

Read more: Robert Scheer, Economy, Bain, Obama, Campaign, Democrats, Election, 2012, Politics, Barack Obama, Rahm Emanuel, Bain Capital, Hedge Funds, Mitt Romney, Bill Clinton, Lawrence Summers, Banks, Wall Street, Republicans, Mitt Romney Bain Capital, Elections 2012, 2012 Election, Politics News

Ellen Brown: Cooperative Banking is the Exciting Wave of the Future

2012-05-23T16:22:44Z

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

Read more: Move Your Money, Cooperatives, Banks, Banking Industry, Business News

Regulator To Probe JPMorgan Trading Loss

2012-05-21T12:38:00Z

WASHINGTON -- The head of the Commodity Futures Trading Commission says the agency has begun an investigation into JPMorgan Chase's ill-timed bet on c...

Read more: JPMorgan Chase, Video, Gary Gensler Chairman CFTC, Reuters, Business News, Banks, Jpmorgan-Chase-Trading-Loss, Cftc, Jpmorgan Chase London Whale, Cftc Jpmorgan Chase Trading Loss, Business News

Leo W. Gerard: Workers of the World Unite -- With Shareholders

2012-05-21T09:13:33Z

In the wake of Wall Street recklessness that caused economic collapse, Congress gave shareholders and citizens Dodd-Frank to help them constrain self-dealing corporate executives. The 99% Coalition and shareholders are working with those tools even as Republicans vow to take them away.

Read more: Citi, Trinity Mirror, Rex Tillerson, Citigroup, Sec, Aviva, Bp, Chevron, Dodd-Frank Wall Street Reform and Consumer Protection Act, Steelworkers, Wells Fargo, Exxonmobil, Usw, United Steelworkers, Dodd-Frank, Astrazeneca, Compass Minerals, 99% Power, Tesoro, Securities and Exchange Commission, Banking, Banks, Business News

Jeff Danziger: DeregulationExplained

2012-05-21T08:40:51Z

Read more: Deregulation Banking, Banks, Political Cartoons, Banking, Wall Street, Politics News

Phil Angelides: Pay No Attention to That Man Behind the Curtain

2012-05-21T07:43:03Z

Jamie Dimon was hailed as the wizard of Wall Street. Until the revelation of JPMorgan Chase's disastrous derivatives bet, he was the man who supposedly could do no wrong. But, alas, even wizards are not all powerful, not in Oz and not when trading in financial derivatives.

Read more: Banking, JPMorgan Chase, Banks, Wall Street, Jpmorgan, Jamie Dimon, Financial Crisis Inquiry Commission, Derivatives, Volcker Rule, Glass-Steagall, Business News

Richard (RJ) Eskow: JPMorgan Chase: Break Up the Big Banks Now. Here's How.

2012-05-21T02:34:51Z

The JPMorgan Chase scandal -- and yes, it is a scandal -- shows us why we need to break up the big banks as quickly as possible.

Read more: SAFE Act, JPMorgan Chase, Independence Day, Sherrod Brown, Keith Ellison, John Reed, Jamie Dimon, Bill Moyers, Jpmorgan, Banking, Banks, Business News

Ted Kaufman: Big Bank Time Bomb Ticking

2012-05-20T20:06:19Z

What is so abundantly clear is that the lack of transparency in derivatives trading, and the sheer complexity that is a by-product of that lack of transparency, really can make them "financial weapons of mass destruction."

Read more: JP Morgan, Bankruptcy, Too Big to Fail, Banks, Consumers, Jamie Dimon, Investment, Obama-Biden, High Frequency Trading, Warren Buffett, Volcker Rule, Politics News

Gemma Godfrey: How to Navigate Markets Through the Euro-Zone Turmoil

2012-05-18T16:54:01Z

As the euro zone crisis intensifies and global markets reflect investor concerns, we ask ourselves, is a Greek exit from the euro on its way? Preparations have already begun to protect shareholder interest.

Read more: Europe, Banks, Debt, Spain, Euro, China, Portfolio, Dividend, Drachma, Investment, Portugal, Greece, Fsa, Wealth Management, French, Greek Exit, Election, Stocks, M&A, Buying Opportunities, Fund Managers, Allocation, Inflation, Emerging Market, Yield, Business News

Taylor Lincoln: Don't Get Fooled Again

2012-05-18T15:30:36Z

The JPMorgan episode may be the warning that Congress needs to return to its role of protecting the public rather than coddling the banks. But it also raises a question: How many times does a lesson have to be taught before it is learned?

Read more: Banking, Banks, JPMorgan Chase, Wall Street, Jpmorgan, Financial Reform, Wall Street Reform, Dodd-Frank, Derivatives, Derivatives Reform, Politics News

Credit.com: Credit Unions Are Easily Forgiven -- Banks, Not So Much

2012-05-17T16:35:06Z

The Temkin Group, a business that consults on and researches customer experiences, has done a new survey of 10,000 consumers to determine which businesses customers are most and least likely to forgive.

Read more: Banks, Business, Forgiveness, Credit Unions, Great Recession, Credit Union, Money News

Bill Cheney: Five Things Small Business Owners Need to Know About Capitol Hill

2012-05-17T14:53:49Z

If small business owners want to see more credit available, they need to keep their eye on Washington as much as their local lending institutions. And yes, we need the help.

Read more: Small Business America, National Small Business Week, Congress, Small Business, 112th Congress, Banks, Jobs, Job Creation, Credit Unions, Small Business News

Gordon Whitman: Fed Up With Big Banks

2012-05-17T11:17:56Z

When individuals, religious institutions and local and state governments decide to move their money, it puts direct pressure on banks and on the federal government to change their policies. Cities and states have incredible leverage if they chose to use it.

Read more: Foreclosure, Big Banks, Los Angeles, New York City, Banking, Move Your Money, Banks, Bankers, Get Money Out, Credit Unions, Business News

JPMorgan Chase's Trading Loss Said To Rise At Least 50%

2012-05-16T22:51:00Z

The trading losses suffered by JPMorgan Chase have surged in recent days, surpassing the bank’s initial $2 billion estimate by at least $1 billion, ...

Read more: Glenn Schorr, Jamie Demon, London Whale, Financial Reform, John Lackey, Trading Losses, Mark Williams, JPMorgan Chase, Nomura, Bruno Iksil, Boston University, Federal Reserve, Banks, Wall Street, Ina Drew, Business News

Richard Barrington: Would You Change Banks for a Mercedes?

2012-05-16T19:00:45Z

It's nothing new for banks to offer gifts to new customers -- a free toaster is the age-old example. However, a bank in Florida has come up with something a little sexier: a new Mercedes in exchange for opening a 5-year CD.

Read more: Personal Finance, Money, Banks, Interest Rates, CD Rates, Mercedes Bank CD, Mercedes Florida Bank, Money News

Shocking Mistreatment Leaves Bank With Blood On Its Hands

2012-05-16T18:11:59Z

Norman and Oriane Rousseau were one more couple pushed by a huge, greedy bank to the brink of homelessness. On Sunday, desperate and with nowhere to g...

Read more: Politics News, Wells Fargo Foreclosures, Foreclosure Crisis, Wells Fargo, Banking, Business News, Norman Rousseau, Banks, Foreclosure, Oriane Rousseau, Politics News

Jane White: What Makes You Madder: JPMorgan's Recklessness or the Fed's Cluelessness?

2012-05-16T10:39:36Z

We not only need to rein the banks in but we've got to delegate the responsibility for measuring household wealth -- and hopefully come up with ways to boost it -- to an agency that's more in touch with "the 99%."

Read more: JP Morgan Chase, Federal Reserve, Americans for Financial Reform, Ben Bernanke, New Democrat Coalition, Dodd-Frank, Volcker Rule, Derivatives, Wall Street, Jpmorgan, Banking, JPMorgan Chase, Banks, Bankers, JP Morgan, Business News

Obama's Quandry: Bashing Blundering Banks While Courting Wall Street Cash

2012-05-15T18:06:00Z

WASHINGTON -- President Barack Obama's response to JPMorgan Chase's spectacular trading failure underscores a persistent tension in his presidency -- ...

Read more: Corruption, 2012 Elections, Dodd-Frank, Marsha Blackburn, Derivatives, Economy, Financial Reform, Bank of America, Wall Street Reform, Mitt Romney, Jobs, Money in Politics, Obama, Democrats, Romney, Barack Obama, Campaign Finance, 2012, Thune, Video, Wall Street, Trade, Jpmorgan, Banks, J.P. Morgan, Occupy, November Elections, Fat Cats, Republicans, Politics News

Jamie Dimon, JPMorgan CEO, Safe For Now Despite Trading Loss, FBI Probe

2012-05-15T17:28:08Z

So just how much trouble is Jamie Dimon really in? And what would it take for him to actually lose his job?

You'd need an industrial-grade spatula ...

Read more: Jpmorgan Chase Loss, JP Morgan Chase, JPMorgan Chase, Video, JP Morgan, Wall Street, Jamie Dimon JPMorgan Chase, Banks, Jamie Dimon, Jpmorgan Chase London Whale, Business News

Charles Gasparino: Jamie Dimon's "Tempest In A Tea Pot"

2012-05-15T17:17:06Z

There's got to be bigger scandals out there that cost bank customers real money, and actually lead to real losses that could put a company's survival in jeopardy. The JP Morgan trading loss is neither and not by a long shot.

Read more: JP Morgan Chase, JPMorgan Chase, JP Morgan, Wall Street, Jpmorgan, Banking, Banks, Jamie Dimon, Bankers, London Whale, Jamie Dimon JP Morgan, Business News

Banks Push For Trading Loophole, Would Allow For More Whale Fails

2012-05-15T13:46:31Z

U.S. banks might act worried about how JPMorgan Chase's trading pratfall will lead to tighter regulations on their own risky bets, but they've already...

Read more: JP Morgan Chase, Dodd-Frank, Derivatives, Derivatives Reform, Derivatives Regulation, JPMorgan Chase, JP Morgan, Video, Wall Street, Jpmorgan, Banks, London Whale, Jp Morgan Chase London Whale, Jpmorgan Chase London Whale, Business News

Mark A. Calabria: JPMorgan Losses Do Not Make the Case for Regulation

2012-05-15T12:53:12Z

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