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Big Banks

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...

7 Wall Street Bankers Pushing To End 'Too Big To Fail'

The Huffington Post | Harry Bradford | Posted 03.12.2013 | Business

It's troubling when some of the nation's top economists tell us Wall Street banks are too big. It's even more worrisome when bankers themselves have t...

Jon Ward

Rand Paul Cool To Idea Of Breaking Up Big Banks, Open To Starving Them

HuffingtonPost.com | Jon Ward | Posted 03.12.2013 | Politics

WASHINGTON -- Following on the breakout success of his anti-drone filibuster, expect Sen. Rand Paul (R-Ky.) to be on the lookout for other populist-th...

Bank Pay UP Despite Cutback Efforts

Reuters | Posted 05.10.2013 | Business

* Total 2012 compensation up 10 bln euro across 35 banks * Two thirds of banks had higher per-person compensation * EU p...

Ryan Grim

An Accidental Rainmaker For Lobbyists

HuffingtonPost.com | Ryan Grim | Posted 03.11.2013 | Politics

WASHINGTON -- Carl Levin will be remembered as the powerful chairman of the Senate Armed Services Committee, a Michigan man who fiercely championed th...

'Too Big to Jail' Is a Grave Threat to Financial Stability and Economic Recovery

David Arkush | Posted 05.07.2013 | Business
David Arkush

The big news yesterday in financial services regulation is Attorney General Eric Holder's stunning statement before the Senate Judiciary Committee that some banks may be too big to prosecute.

Big Banks Big In All The Wrong Places

The Huffington Post | Mark Gongloff | Posted 03.07.2013 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

It's Official: Too Big to Fail Banks Are Too Big to Jail

Robert L. Borosage | Posted 05.07.2013 | Politics
Robert L. Borosage

Congress has only two choices. The big banks can be nationalized and treated as public utilities. The public would pocket their profits and cover their losses. Or the big banks can be broken up, and be accountable to both the law and the market.

Amanda Terkel

Sherrod Brown, David Vitter Team Up To Break Up The Banks

HuffingtonPost.com | Amanda Terkel | Posted 03.28.2013 | Politics

WASHINGTON -- Multi-trillion dollar financial institutions continue to get richer, exerting more and more control over both America's economy and its ...

Wall Street 2013 Subsidy = 2013 Sequester Cuts

Eric Zuesse | Posted 04.30.2013 | Business
Eric Zuesse

Since we've bailed out the 10 largest banks $83 billion this year alone, should they give it back to us by paying into the U.S. Treasury the amount of...

Eleazar David Melendez

Banks Could Owe HOW MUCH For Housing Boom Fraud?

HuffingtonPost.com | Eleazar David Melendez | Posted 02.26.2013 | Business

A verdict delivered earlier this month by a prominent federal judge heightens the prospect that the nation’s largest financial institutions will be ...

JPMorgan To Slash Thousands Of Jobs

Reuters | Posted 02.26.2013 | Business

NEW YORK (Reuters) - JPMorgan Chase & Co plans to cut 3,000 to 4,000 jobs in its consumer bank in 2013, representing about 1.5 percent of the company'...

Bobby Jindal's Evolving Populist Pitch

The Huffington Post | Jon Ward | Posted 02.25.2013 | Politics

Louisiana Gov. Bobby Jindal coined a memorable post-election phrase in November when, a week after the 2012 election, he said the GOP had to stop bein...

Bad News For Goldman Workers

Reuters | Posted 02.25.2013 | Business

(Reuters) - Goldman Sachs Group Inc plans to begin a fresh round of job cuts as early as this week, sources familiar with the matter said on Monday, w...