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Big Banks

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.

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.