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Big Banks

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...

How Homeowners Made May a Month You Won't Forget

Tracy Van Slyke | Posted 07.21.2013 | Business
Tracy Van Slyke

It has been a full five years since banks crashed the economy and more than a year since President Obama announced a special task force to investigate big bank crimes. Ever since, homeowners and community members have been fighting for fair and deserved relief and justice.

Will Wrigley

Arrests In Occupy Protest Against 'Too Big To Jail' Banks

HuffingtonPost.com | Will Wrigley | Posted 05.21.2013 | Politics

WASHINGTON -- Owners of foreclosed homes were arrested Monday during a protest outside Justice Department headquarters, where they demonstrated agains...

Is It Time for Holder to Go?

Chris Weigant | Posted 07.15.2013 | Politics
Chris Weigant

One of my biggest disappointments with President Obama's transition to his second term was the announcement that Holder would be staying on, instead of turning the Justice Department over to someone else. I don't personally dislike Holder (I've never met the man), but I do strongly question his priorities during his time as the nation's Attorney General.

Ryan Grim

Elizabeth Warren: Give Students Same Loan Rate As Big Banks

HuffingtonPost.com | Ryan Grim | Posted 05.09.2013 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) unveiled her first bill Wednesday, designed to set student loan interest rates at the same level the Fed...

Eric Schneiderman Takes Big Banks To Task

The Huffington Post | Chris Gentilviso | Posted 05.07.2013 | Politics

Hours after announcing that he's considering a lawsuit against some of America's biggest banks, New York Attorney General Eric Schneiderman affirmed h...

OCC Ya! The Government Agency That Should Fine Itself

Adam Levin | Posted 06.19.2013 | Business
Adam Levin

Let's face it. The biggest bank regulator in the U.S. is an abject failure. Worse, it's costing us oodles of money, and not just from bounced checks.

Is the Entire Deficit Debate Based on a Big Mistake?

Les Leopold | Posted 06.18.2013 | Business
Les Leopold

Fear of debt is woven deeply into our culture. We associate debt with profligate spending, waste, gambling and overall sinfulness. As we learned during the housing bubble, it's easy to get in over our heads. So naturally we assume that the same must be true for our country -- government debt must be bad. But is it?

At Least the Big Banks Are Kickin' It...

Jared Bernstein | Posted 06.16.2013 | Business
Jared Bernstein

The disconnect between profitability and hiring or middle-income wage growth has been embedded in our economic system for decades -- this quarterly result is a mere microcosm.

Shouldn't We Drug Test CEOs of Banks Receiving Federal Aid?

Steven Strauss | Posted 06.07.2013 | Politics
Steven Strauss

Conservatives demand mandatory drug testing of applicants for unemployment insurance and welfare benefits. Shouldn't senior executives of banks that receive federal aid also have to "pee in the cup"?

The Regulatory Nullification and the Cruelty of Big Business

Ralph Nader | Posted 06.05.2013 | Business
Ralph Nader

Despite negative public sentiment and the rise of the Occupy movement, the avarice on Wall Street arrogantly continues on. The big banks are now even bigger and more powerful than they were in 2008 when they were bailed out by the U.S. taxpayers.

Zach Carter

Wall Street's Political Payouts Higher For Those Voting To Deregulate

HuffingtonPost.com | Zach Carter | Posted 04.04.2013 | Politics

WASHINGTON -- The recent Wall Street deregulation push in Congress has been fueled by a significant disparity in campaign donations from big banks: Me...

Banks' Future Legal Bills Get Smaller Every Day

Mark Gongloff | Posted 06.04.2013 | Business
Mark Gongloff

Big banks' future legal bills just keep getting smaller all of the time. In the latest boon from the bench, JPMorgan Chase on Wednesday convinced U.S. District Judge Jed Rakoff to dismiss the vast majority of claims brought against it by Dexia, slashing JPMorgan's potential liability in the case to $5.7 million from $774 million, according to JPMorgan's lawyer.

Barclays Is Too Big To Fail, Or Manage

Mark Gongloff | Posted 06.03.2013 | Business
Mark Gongloff

A new report on how Barclays Capital ended up in its Libor mess is the latest evidence that banks that are too big to fail are also too big to manage.

Break Up the Big Banks Before They Do Any More Harm

Allan Brawley | Posted 06.02.2013 | Business
Allan Brawley

Breaking up these huge banks that are too big to fail, jail, or be regulated seems to be the only option on the table right now and Senator Brown, along with Senator David Vitter, is leading the effort to do just that.

Emily Swanson

Poll: Break Up The Banks?

HuffingtonPost.com | Emily Swanson | Posted 04.01.2013 | Politics

Most Americans think banks have grown too big, but many are uncertain about what to do about it, according to a new HuffPost/YouGov poll. Sixty-one...

Obama Administration Faces Pressure On 'Too Big To Jail' Banks

The Huffington Post | Nick Wing | Posted 04.01.2013 | Politics

Activists will deliver petitions to Department of Justice offices around the country on Tuesday, calling on President Barack Obama to crack down on bi...

Bank of America CEO Was Paid How Much?

AP | By The Associated Press | Posted 05.29.2013 | Business

Bank of America says chief executive Brian Moynihan received a 2012 compensation package worth $7.4 million, down slightly from the prior year, accord...

10 Banks Foreclosing on the Most Homes

24/7 Wall St. | Posted 03.23.2013 | Business

24/7 Wall St.: The housing market is clearly improving. According to the National Association of Realtors, existing home sales have risen and dist...

Federal Reserve Fights To Change Deeply Ingrained Wall Street Habit

Reuters | By Lauren Tara LaCapra | Posted 03.22.2013 | Business

NEW YORK (Reuters) - The Federal Reserve is pushing banks to ignore competitors' performance when awarding bonuses, and focus squarely on their own pr...

Mark Gongloff

Big Banks Charging 300 Percent Interest

HuffingtonPost.com | Mark Gongloff | Posted 03.22.2013 | Business

Step aside, Tony Soprano: Big banks will now lend money at 300 percent interest without threatening to break a leg. Then again, the payday loans so...

Jamie Dimon's Ultra-American Rise and Fall: The Great Gatsby Meets Moby Dick

Lynn Parramore | Posted 05.20.2013 | Business
Lynn Parramore

They called him a hero. The most esteemed banker of his time. The captain who could steer the ship while others foundered. Now the truth is out, and Wall Street's golden boy, Jamie Dimon, has fallen to earth with a thud. Why did it take so long?

JPMorgan Agreement Leads To $546 Million Customers Reimbursment

AP | Associated Press | Posted 05.20.2013 | Business

NEW YORK — JPMorgan Chase has agreed to a deal that will return $546 million to former customers of trading firm MF Global Holdings Ltd., which ...

Break Up Executive Pay, Not the Banks, to Fix Too-Big-to-Fail

Sanjay Sanghoee | Posted 05.19.2013 | Business
Sanjay Sanghoee

While in theory the system pays people for responsible decision-making, in practice it rewards executives for generating outsize returns even at the expense of the company's future.

Fed President: Too-Big-To-Fail Banks Need To Be Broken Up

Reuters | Posted 05.16.2013 | Business

(Adds details from speech) By Pedro Nicolaci da Costa NATIONAL HARBOR, Md., March 16 (Reuters) - The largest U.S. banks...