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Big Banks

Fed Study Reveals Large Advantage Of Too Big To Fail

Reuters | Posted 03.25.2014 | Business

(Adds Fed's Fisher, bank group comment) By Emily Stephenson and Jonathan Spicer NEW YORK, March 25 (Reuters) - A landmark study by Federal Reser...

Choking Off Access to Credit

Javier Palomarez | Posted 03.25.2014 | Business
Javier Palomarez

Those already squeezed may soon feel choked as a new, coordinated effort among the U.S. Department of Justice and federal banking agencies threatens to further restrict access to credit.

You're the Customer. Why Do They Think You Work for Them?

Martha Rogers | Posted 03.20.2014 | Business
Martha Rogers

My husband is a television guy, so we have screens everywhere. Everything works fine, except the kitchen TV. "Hello," I say to the cable company. "Me ...

10 Tips for Fighting the Uphill Business Loan Battle

Tom Lowery | Posted 03.10.2014 | Small Business
Tom Lowery

With such a low percent of net interest margin, the best possible outcome on a loan for these money making lenders is to get paid back all of its principal and make a small spread on the interest.

Bank Of America CEO Gets Huge Pay Boost

Reuters | Posted 02.19.2014 | Business

By Peter Rudegeair Feb 19 (Reuters) - Bank of America Corp Chief Executive Brian Moynihan received a 17 percent pay ra...

Obama Trade Officials Received Hefty Bonuses From Big Banks

Republic Report | Lee Fang | Posted 02.18.2014 | Politics

Officials tapped by the Obama administration to lead the Trans-Pacific Partnership trade negotiations have received multimillion dollar bonuses from C...

Innovation In Financial Services-Oxymoron? Future Tech Lessons Learned From The Asian Financial Forum

April Rudin | Posted 04.09.2014 | Technology
April Rudin

Today, there is extra urgency behind the need for a shift toward innovation: many new financial services competitors that are small, nimble and on the cutting edge of technology entered the market right after the financial crisis, when established firms were busy licking their wounds. The old guard is going to need to stay on top of innovation just to keep up with the new guard.

In time for the Super Bowl, Big Brother is Back: Now it's the Big Banks

Andrei Cherny | Posted 04.02.2014 | Business
Andrei Cherny

Thirty years ago, what Apple announced it was going to do was democratize computing. Back then, the idea of a computer that was personalized to people -- with a mouse and graphics and a warm experience for the user -- was revolutionary.

Holder: No Banks Are Too Big To Jail

Reuters | Posted 01.24.2014 | Business

WASHINGTON (Reuters) - No American financial institution is too large to indict and no bank executive immune from criminal prosecution, Attorney Gener...

Sheila Bair Calls Citigroup The 'Worst Bank'

The Huffington Post | Christine Conetta | Posted 01.23.2014 | Politics

When asked point blank, Sheila Bair has no problem exposing the banks responsible for the 2008 financial crisis. The former FDIC chair was quickly ...

What's Crippling the Recovery, Lack of Investment Demand or Too-Big-to-Lend Banks?

Mary Manning Cleveland | Posted 03.23.2014 | Business
Mary Manning Cleveland

Under incoming Federal Reserve Chair Janet Yellen, the United States Federal Reserve Bank will begin to "taper" its program of "Quantitative Easing" o...

Los Angeles Considers Cutting Ties With JP Morgan

AP | MICHAEL R. BLOOD | Posted 01.25.2014 | Los Angeles

LOS ANGELES (AP) — A Los Angeles councilman proposed Wednesday that the nation's second-largest city consider ending tens of millions of dollars of ...

Will 2014 Really Be a 'New' New Year?

Chris Komisarjevsky | Posted 03.04.2014 | Healthy Living
Chris Komisarjevsky

Tradition has it that January is the time to think back on what we have done and look forward to what we will do. As 2014 now gets underway, the focus is on our resolve to change, all with the intention of doing even better this year than last.

Judge Challenges Bankrupt Detroit's Secretive Deal With Banks

The Huffington Post | Ashley Woods | Posted 01.23.2014 | Business

The federal judge overseeing Detroit's historic bankruptcy abruptly halted a trial Wednesday, ordering the city to renegotiate a proposed settlement w...

Problems With Obamacare Don't Prove Private Sector Superiority

Dale Hansen | Posted 02.15.2014 | Politics
Dale Hansen

There are plenty of things not to like about the ACA but many in the media have taken this as an opportunity to push as common conservative platitude -- anything the public sector can do, the private sector can do better.

Remember When Jimmy McMillan Said 'The Rent Is Too Damn High' In 2010? Well, Now It's Higher.

Christine Conetta | Posted 12.11.2013 | Politics

Jimmy McMillan, former gubernatorial candidate for New York state and founder of "The Rent is Too Damn High'' party, had a big "I told you so" in resp...

Shahien Nasiripour

Volcker Rule Finalized With Wall Street Responsible For Judging Compliance

HuffingtonPost.com | Shahien Nasiripour | Posted 01.25.2014 | Politics

Big Wall Street banks face an uneasy future after U.S. regulators on Tuesday finalized the Volcker Rule, a measure that attempts to curtail big bets o...

Happy Holidays -- Which Ones?

William B. Bradshaw | Posted 01.31.2014 | Religion
William B. Bradshaw

It may be politically correct to say "Happy Holidays," but it is historically, culturally, and religiously incorrect!

A New Lighthouse Beckons The Financial Services Social Media Weary

April Rudin | Posted 01.27.2014 | Media
April Rudin

One of the tasks I least enjoy is attending financial services social media conferences. How odd, you might ask? Isn't that her job? Yes, but th...

Big Banks Prepared For U.S. Default

Reuters | David Henry and Lauren Tara LaCapra | Posted 11.19.2013 | Business

NEW YORK (Reuters) - As the United States threatened to default on its debt last month, major U.S. banks set up war rooms, spent many millions of doll...

Dear Banks: 'Giving Back' in Philanthropy Is Fine, But Also Give Us Back a Financial System We Can Trust

Carla Seaquist | Posted 01.23.2014 | Business
Carla Seaquist

A plea to the banks: Do "give back" in philanthropy. But also, please: Give us back a financial system that we can trust. Less penance after the fact, more virtue before. It will make for better business and for honest philanthropy.

Eric Holder Finally Gets Tough On Banks

Bloomberg View | Jonathan Weil | Posted 10.25.2013 | Business

BLOOMBERG VIEW See if you can make sense of this. Somehow, in the space of seven months, U.S. Attorney General Eric Holder has gone from being: ...

The Summers of Our Discontent

Jim Worth | Posted 12.24.2013 | Politics
Jim Worth

Obama's expected nomination of Summers was a perfect example of that critical flaw. Repeated appointments of inadequate individuals with questionable résumés -- whether out of loyalty or cronyism -- leaves the government vulnerable to recurrent failure.

Increase Competition Among Banks to Help Small Businesses

Jess Cornaggia | Posted 01.23.2014 | College
Jess Cornaggia

After discussing the IBBEA, a few colleagues and I became curious if there was a correlation between banking regulation and the overall impact on state-level innovation. Following previous research on how this expanded access to credit improves productivity and makes it easier for producers to manager operational risk, we wanted to explore if expanded access to credit (via greater competition amongst banks) had allowed firms to become more innovative.

The Cost of Trust

Chris Komisarjevsky | Posted 01.23.2014 | Business
Chris Komisarjevsky

The perception is that trust has been abused. Reputation has been damaged. And now, if the bank can get this behind them, there is the opportunity to start down the long road and rebuild trust and reputation.