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Big Banks

Big Banks Say They Can Be Broken Up Without Bailouts

Reuters | Posted 09.02.2012 | Business

* Fed, FDIC release public portions of living wills * Banks express confidence they can be resolved smoothly * Documents...

Ex-JPMorgan Broker: 'It Was All About The Money, Not The Client'

The Huffington Post | Alexander Eichler | Posted 07.03.2012 | Business

"It was all about the money, not the client." That's according to Warren Rockmacher, a former broker at JPMorgan Chase, as quoted in a recent New Y...

How Big Banks Run the World -- at Your Expense

Gar Alperovitz | Posted 08.26.2012 | Politics
Gar Alperovitz

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?"

Big Bank's Staffers Join Twitter, And It's Even Less Exciting Than It Sounds

The Huffington Post | Alexander Eichler | Posted 06.25.2012 | Business

Morgan Stanley is coming to Twitter, albeit in a very controlled, scripted way. Morgan Stanley's 17,000 financial advisers will be joining Twitter ...

Want To Sue Your Bank? They May Ask You To Pay Their Legal Fees

The Huffington Post | Alexander Eichler | Posted 06.21.2012 | Business

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...

Crowd-Source the Federal Reserve Bank Boards

Jonathan Reiss | Posted 08.14.2012 | Business
Jonathan Reiss

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.

Why Jamie Dimon Will Rebound

Rick Newman | Posted 08.14.2012 | Business
Rick Newman

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.

Democracy of the Banks, by the Banks, for the Banks

Sharan Burrow | Posted 08.12.2012 | Politics
Sharan Burrow

The global economic orthodoxy is being widely rejected by people who are pessimistic about the direction their country is taking. Most people have little faith that the lives of their children and future generations will be better off.

Catherine New

Look What's Headed For Extinction

HuffingtonPost.com | Catherine New | Posted 06.11.2012 | Money

The local savings-and-loan bank -- a bastion of lending for homeowners -- is well on its way to becoming extinct, according to a report from a financ...

What To Expect When Jamie Dimon Goes To Washington This Week

Reuters | Posted 08.10.2012 | Business

* JPMorgan chief to appear before Senate on June 13 * Likely to be pressed on how much trading losses have grown * Testi...

Time for Fairness to Replace Recklessness on Wall Street

Rep. Tulsi Gabbard | Posted 08.08.2012 | Politics
Rep. Tulsi Gabbard

If I'm elected to represent Hawaii's Second Congressional District, I promise to support comprehensive banking reform that prevents banks from becoming too big and too precarious to ever again endanger our livelihoods as they did in 2008, and as they continue to do today.

Are Banking Reparations Justified?

D. Sidney Potter | Posted 06.08.2012 | Business
D. Sidney Potter

I love the smell of "banker repentance" in the morning. Case in point: One of the multi-billion-dollar settlements that's in the pipeline and simmerin...

Are Big Banks Dinosaurs?

Robert Teitelman | Posted 08.08.2012 | Business
Robert Teitelman

Henry Kaufman, Dr. Gloom from a distant age when Salomon Brothers was still King of Wall Street, penned an op-ed in the Wall Street Journa declaring that, sooner or later, the era of monstrous, too-big-to-fail banks will end.

Catherine New

SunTrust Customers Can Expect Higher Fees

HuffingtonPost.com | Catherine New | Posted 06.06.2012 | Money

Starting this summer, some of SunTrust's least wealthy customers will have to pay higher fees on everything from ATM withdrawals to checking accounts,...

Bill Clinton's Blind Spot

Mike Lux | Posted 08.04.2012 | Politics
Mike Lux

President Clinton, I hope you will see the error of your ways on this fundamental issue. Those middle-class people who work hard and play by the rules want you back on their side where you once were, not the side of the big banks.

Pity the Poor Billionaires

Bill Moyers | Posted 08.01.2012 | Politics
Bill Moyers

So-called "mega donors" are upset that their campaign contributions are being exposed to public view, ignoring our right to know who is giving money to candidates -- and the opportunity to try to figure out why. The sound you hear is the world's smallest violin, say, a teeny-tiny Stradivarius insured for millions.

What Did Banks Learn From The Financial Crisis? Not Very Much, New Report Shows

The Huffington Post | Emily Peck | Posted 05.31.2012 | Business

What did big banks learn after the mammoth bailouts of the financial crisis? Why, not that much it seems. That's one powerful takeaway from Bloombe...

Here's How Much Closing A Bank Account Will Cost You

AP | PALLAVI GOGOI | Posted 07.30.2012 | Money

Want to close your bank account? It could cost you as much as $55. In a survey of the practices of the 10 largest banks in the country – includ...

Facebook IPO Fiasco Cost Major Bank Millions

Reuters | Posted 07.25.2012 | Business

NEW YORK (Reuters) - UBS AG had trading losses of around $30 million stemming from Facebook Inc's botched initial public offering on Nasdaq OMX Group ...

Banking Industry Reaps Biggest Earnings Since Before Crisis

Reuters | Posted 07.24.2012 | Business

WASHINGTON, May 24 (Reuters) - The U.S. banking industry for the first quarter reported its highest quarterly earnings since the first half of 2007,...

Man Buys Puppy, Car With Thousands Wells Fargo Accidentally Dumped In His Account

Posted 05.24.2012 | Business

One man is facing possible jail time after he allegedly spent tens of thousands of dollars that Wells Fargo accidentally deposited into his account. ...

This Guy Is Probably The Nicest Banker In America

The Huffington Post | Alexander Eichler | Posted 05.23.2012 | Money

If you were going to sit down and design the opposite of a Wall Street banker, you would probably come up with someone like Patrick Cullen. Cullen ...

Progressives Do NOT Hate Wealth -- a #PPSA

Sally Kohn | Posted 07.18.2012 | Politics
Sally Kohn

In the first in a series of POLITICAL Public Service Announcements (#PPSA), I take on the conservative myth that liberals hate wealth and success. Not...

Fed Up With Big Banks

Gordon Whitman | Posted 07.17.2012 | Business
Gordon Whitman

When individuals, religious institutions and local and state governments decide to move their money, it puts direct pressure on banks and on the federal government to change their policies. Cities and states have incredible leverage if they chose to use it.

Romney: Big Banks Can Fail

The Huffington Post | Luke Johnson | Posted 05.17.2012 | Politics

Mitt Romney said Wednesday that he believes a big bank should be allowed to fail if it runs into financial difficulty. "My own view is that if a la...