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Big Banks

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...

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.