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Big Banks

Mea Minima Culpa

Rev. Seamus P. Finn, OMI | Posted 01.23.2014 | Business
Rev. Seamus P. Finn, OMI

There is no amount of money, fines, settlements or payments that is commensurate with the hardship that the arrogance, unethical and fast dealing behaviors of banks and their leaders have caused.

Commemorating Financial Panic (but Not Occupy)

Danny Schechter | Posted 09.15.2013 | Business
Danny Schechter

NEW YORK -- Media outlets love anniversaries. They become the makers and news-pegs for one-day stories that become pretexts for episodic coverage of k...

Mark Gongloff

CHART: Big Banks Are Bigger Than Ever

HuffingtonPost.com | Mark Gongloff | Posted 09.10.2013 | Business

Five years ago, the biggest U.S. banks were so terrifyingly big that they had to be bailed out by the U.S. government in order to survive a financial ...

5 Years After Crisis, These Former Wall Street Kingpins Are Living Large

Center for Public Integrity | Alison Fitzgerald | Posted 09.10.2013 | Business

Five years after the near-collapse of the nation’s financial system, the economy continues a slow recovery marred by high unemployment, hesitant con...

Ex-Wall Street Titan: Break Up The Banks

The Huffington Post | Posted 09.09.2013 | Business

Sen. Elizabeth Warren (D-Mass.) has a friend in former Wall Street CEO John Reed. The former CEO of Citicorp, which merged with Travelers Insuranc...

Taking Advantage of Low Interest Rates in the Twilight Zone

Carine Fabius | Posted 10.27.2013 | Business
Carine Fabius

Between Big Brother running around loose and the Big Banks having their way with us, more and more I feel like I'm living in The Twilight Zone. In the...

What to Consider When Deciding on Large vs. Community Bank

MyBankTracker | Posted 10.27.2013 | Business
MyBankTracker

Both big and small banks provide the same essential services of holding your money and allowing you to incur interest through various savings accounts; however, in other areas, some of the differences are stark.

Trades From 1990s Come Back To Haunt Wall Street

Reuters | Lauren Tara LaCapra and Dan Wilchins | Posted 10.26.2013 | Business

Aug 26 (Reuters) - In the 1990s, U.S. banks came up with a clever idea: using life insurance to bet that their employees would eventually die. Now ...

A Strong Dose of Mo Needed

Rev. Seamus P. Finn, OMI | Posted 10.23.2013 | Business
Rev. Seamus P. Finn, OMI

Slogans and promises alone will not be the solution. We need to get the rules and regulations that respond to real needs and to the needs of communities across the country.

Watchdog Investigating Sketchy Bank Practice

Reuters | Emily Stephenson | Posted 08.21.2013 | Business

WASHINGTON (Reuters) - The U.S. consumer watchdog said on Wednesday it has found problems with mortgage servicing at banks and other financial firms, ...

Fed: Too Big To Fail Banks 'Have More Work To Do'

Reuters | Posted 10.19.2013 | Business

WASHINGTON, Aug 19 (Reuters) - Big banks must improve the way they determine how much capital they need to withstand any future crisis, the U.S. Fed...

7 Things About Prosecuting Wall Street You Wanted to Know (But Were Too Depressed to Ask)

Richard (RJ) Eskow | Posted 10.07.2013 | Politics
Richard (RJ) Eskow

Why haven't any bankers gone to jail? What's going on in this country? Here are seven things about Wall Street crime and Washington "justice" you might have wanted to know, but were probably too depressed to ask.

Former Bear Stearns Execs Still Raking In Millions

Center for Public Integrity | Lauren Kyger and Alison Fitzgerald | Posted 07.31.2013 | Business

Before Lehman crashed, there was “The Bear.” Bear Stearns, once the nation’s fifth-largest investment bank, had been a fixture on Wall Street...

Big Bank Reaches Deal To Settle Sketchy Allegations

Reuters | Posted 09.25.2013 | Business

* UBS paying $415 mln to Fannie Mae; $470 mln to Freddie Mac * Settlement raises concerns over exposure of other banks *...

Goldman Sachs, JP Morgan Chase: Pulling an Enron With Commodities

Joseph A. Palermo | Posted 09.20.2013 | Business
Joseph A. Palermo

Goldman Sachs is doing to aluminum exactly what Enron did to energy in the late 1990s and early 2000s: create phony bottlenecks to restrict supply to rip off consumers and skew markets in their favor for things society vitally needs.

'Moral Moral Hazard,' the SEC and the Restoration of Wall Street Values

Michael A. Santoro | Posted 09.01.2013 | Business
Michael A. Santoro

A big reason behind the continuing mentality of denial with respect to questions of ethics on Wall Street is quite simply that Wall Street has been able to buy off any finding of culpability.

Big Banks Won't Be Happy About This

AP | MARTIN CRUTSINGER | Posted 09.01.2013 | Business

WASHINGTON -- The Federal Reserve agreed Tuesday to raise the amount of capital that big banks must hold to prevent their collapse and reduce the thre...

'Chalk-U-Py' Rally Held To Protest Charges Against Anti-Big Bank Chalker

The Huffington Post | Nick Wing | Posted 07.01.2013 | Politics

A rally was held over the weekend in support of Jeff Olson, a 40-year-old San Diego man being prosecuted by the city for writing anti-big bank message...

Regulators Push For Big Move Against Too Big To Fail

Reuters | Posted 08.21.2013 | Business

By Douwe Miedema WASHINGTON, June 21 (Reuters) - Two top U.S. bank regulators are pushing to double capital requirements for the count...

The Two Centers of Unaccountable Power in America, and Their Consequences

Robert Reich | Posted 08.13.2013 | Politics
Robert Reich

There are two great centers of unaccountable power in the American political-economic system today -- places where decisions that significantly affect large numbers of Americans are made in secret, and are unchecked either by effective democratic oversight or by market competition.

Sen. Elizabeth Warren on Student Loans

Tavis Smiley | Posted 08.10.2013 | DC
Tavis Smiley

During my exclusive broadcast conversation with Sen. Elizabeth Warren tonight on PBS, she states, "We can't be a country that invests in big banks and won't invest in our students who want an education. Let's not call it postmortem just yet; let's call it we're still in the middle of the fight."

Bank CEO Pay Jumps Again

AP | By CHRISTINA REXRODE | Posted 08.05.2013 | Business

NEW YORK (AP) — Top bankers keep getting bigger paydays. The median pay for bank CEOs jumped 22 percent in 2012, according to a repor...

U.S. Bank Earnings Soar To Record On More Fee Income

AP | MARCY GORDON | Posted 07.29.2013 | Business

WASHINGTON -- U.S. banks earned more from January through March than during any quarter on record, buoyed by greater income from fees and fewer losses...

Catherine New

Why There's A Waiting List To Get This Checking Account

HuffingtonPost.com | Catherine New | Posted 05.24.2013 | Small Business

At many big banks, customers say they want out. But with Simple, a new kind of free online checking account, there is a two-week waiting list to get i...

Elizabeth Warren Wants To Know If The New Treasury Secretary Will Be As Bad As The Old One

The Huffington Post | Nick Wing | Posted 05.22.2013 | Politics

Sen. Elizabeth Warren (D-Mass.) grilled Treasury Secretary Jack Lew at a Senate Banking, Housing and Urban Affairs Committee hearing on Tuesday, press...