Sandy Weill's Citigroup engaged in fraud on a massive scale, unfettered risk taking and then needed a massive taxpayer bailout during the 2008 financial crisis because it was so big it couldn't be managed. Yet only now does Weill say it was all a mistake.
-- A survey finds fewer than one in four Americans trust the financial system and that confidence in large banks is eroding.
The latest quarterly su...
As the Justice Department weighs the possibility of criminal charges in the unfolding Libor rate-setting scandal, it may want to consider the record ...
The behavior of the largest banks is not only rapacious and destructive to the social fabric, it is also stunts economic growth. They are not investing the huge resources they have accumulated in ways that would stimulate the economy.
Bank of America can't shake its mortgage headache.
In a reminder that the consequences from the financial crisis are far from over, the bank said Wed...
July 12 (Reuters) - A group of 11 global banks linked to the Libor scandal may face $14 billion in regulatory and legal settlement costs through 201...
The banking lobby misrepresents the situation in two ways. First, they foster the belief that the economy needs lower rates to 'get going.' Second, the banking lobby likes to pretend that there is no alternative.
Just when you thought Wall Street had hit bottom, an even deeper level of public-be-damned greed and corruption is revealed. Sit down and hold on to your chair.
Bills that looked very much like the Homeowner Bill of Rights had been introduced for four years. They died in committee or on the floor at various times, until now. The difference?
Once you realize money must be and is regularly created and expanded, then the interesting questions begin to occur -- like "How is it done?" and "Who benefits from it?"
At some banks, there's a nasty little piece of language buried in those terms-and-conditions agreements you have to sign. It says that if there are an...
It's time for the Federal Reserve Banks to replace the old boy networks with computer networks. Their boards are supposed to have representatives of the public and specifically of consumers and labor but they complain they can't find many. Crowd-sourcing can address this problem.
By acknowledging that he screwed up, Dimon showed the kind of forthright accountability we should expect in all types of leaders. It may even make him a better CEO.