iOS app Android app

Big Banks

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...

Big Banks Aid In Payday Loans Banned By State

www.nytimes.com | Posted 04.26.2013 | Business

Major banks have quickly become behind-the-scenes allies of Internet-based payday lenders that offer short-term loans with interest rates sometimes ex...

3 Cents Of Every Tax Dollar Go To The Banks

Bloomberg View | The Editors | Posted 02.21.2013 | Business

BLOOMBERG VIEW On television, in interviews and in meetings with investors, executives of the biggest U.S. banks -- notably JPMorgan Chase & Co. Ch...

Reports: Shale Gas Bubble Looms, Aided by Wall Street

Steve Horn | Posted 04.22.2013 | Green
Steve Horn

Two long-awaited reports were published today at ShaleBubble.org by the Post Carbon Institute (PCI) and the Energy Policy Forum (EPF). Together, the reports conclude that the hydraulic fracturing ("fracking") boom could lead to a "bubble burst" akin to the housing bubble burst of 2008.

Report: U.S. Banks Actually Bigger Than Entire U.S. Economy

The Huffington Post | Mark Gongloff | Posted 02.20.2013 | Business

Perhaps you know about U.S. banks being too big to fail, or to jail, or to take to trial. But quite literally, you may not know the half of it. Th...

Experts: Big Banks Can Easily Dodge New European Tax

Reuters | Posted 03.25.2013 | Business

* Only 11 euro zone countries to impose planned tax * UK, Swiss financial centres will be outside the scheme ...