Big Banks Profits

Banks Profitting Off Government Program Aimed At Struggling Borrowers

The Huffington Post | Bonnie Kavoussi | Posted 03.29.2012

Perhaps the government's homeowner assistance program should be renamed the bank assistance program. Big banks have profited from HARP 2.0, the gov...

Banks Rake In Huge Profits, Don't Share Them

The Huffington Post | Jillian Berman | Posted 02.28.2012

Wall Street just scrimped, saved and cut its way back to pre-recession levels of profit. Bank profits jumped to a five-year high in 2011, according...

After Loss Last Year, BofA Took Home $2 Billion In Profit

AP | PALLAVI GOGOI | Posted 03.20.2012

NEW YORK — Bank of America is back to basics – slimmed down, stripped of its swagger and no longer the biggest bank in the country. And in...

BofA CEO 'Incensed' People Don't Recognize 'How Much Good' His Employees Do

The Huffington Post | Jillian Berman | Posted 12.26.2011

Bank of America CEO Bryan Moynihan says the public needs to start thinking before they criticize his company. "I, like you, get a little incensed ...

Morgan Stanley Nets Billions In Profit, After Loss Last Year

Posted 12.19.2011

Morgan Stanley swung to a $2.15 billion profit in the third quarter, helped by a large accounting gain, even as core revenue in trading, banking a...

LIVE UPDATES: Occupy Wall Street Movement Spreads To Other Cities

Posted 12.04.2011

Occupy Wall Street began as a relatively marginalized group protesting in a Manhattan park. That has changed. (CLICK HERE FOR LIVE UPDATES) ...

Bail out Could Cost Taxpayers Thirty Times more than Reported

Earl Ofari Hutchinson | Posted 05.25.2011

Earl Ofari Hutchinson

In 2008 and 2009, 50 separate Federal programs offered $23 trillion in loans, grants, or asset guarantees to the financial sector. Huh! This item ...

Has Obama's Handling of the Bank Bailout Undermined Health Care Reform?

Arianna Huffington | Posted 05.25.2011

Arianna Huffington

If we don't learn from the botched bank bailout, we are in danger of getting the same patchwork, reform-in-name-only outcome on health care.