iOS app Android app

Big Banks

How BofA Is Trying To Change Its Image

Reuters | Posted 07.03.2012 | Business

By Rick Rothacker CHARLOTTE, N.C., May 3 (Reuters) - Bank of America Corp said on Thursday it has selected a team at ...

Investor: 'Big Banker Pay Hasn't Been Tamed At All'

Reuters | Posted 07.03.2012 | Business

By Katharina Bart ZURICH, May 3 (Reuters) - UBS became the latest bank to face the anger of its shareholders over exec...

Goldman: This Regulation Will Kill 300,000 Jobs

Mark Gongloff | Posted 07.02.2012 | Business
Mark Gongloff

By now, we're almost as sick of writing about Wall Street fighting new regulation as you are of reading it. It's always the same thing: Wah, we're big...

'Too Big to Fail' Banks Less Profitable and More Risky Than Sustainability-Focused Banks

R. Paul Herman | Posted 06.30.2012 | Business
R. Paul Herman

Successful banking in the 21st century will focus on these new fundamentals so that those banks following this approach can truly become "too sustainable to fail."

Banking Wars

Mike Lux | Posted 06.27.2012 | Politics
Mike Lux

One of the biggest unresolved issues in the 2012 election will be whether President Obama can convince the swing voters who are both angry at Wall Street and skeptical of government that he will actually hold Wall Street accountable.

Clergy To Wells Fargo: Time For Deep Soul Searching

Ryan J. Bell | Posted 06.26.2012 | Religion
Ryan J. Bell

It is high time that Wells Fargo CEO John Stumpf address our communities and put his "hand in the wounds" of our families. It's time for him to see and feel the mental and financial toll experienced by the millions of homeowners.

Which Golden Rule?

Mike Lux | Posted 06.23.2012 | Business
Mike Lux

The notion of a business completely unconnected in its ethos from its workers and customers, along with the community and country in which it operates, is in fact a recipe for disaster.

It's Finally Happened: A Missed Connection At Goldman Sachs

Posted 04.22.2012 | Business

Love in the belly of the Vampire Squid. Take it in. It could be the title of the next fairytale romance. At least if one Craigslist Missed Connecti...

Watchdog Probing Whether Overdraft Programs Go Far Enough

Posted 04.20.2012 | Business

The top consumer watchdog is scrutinizing big banks to see if their overdraft protection policies are doing enough to keep Americans from unwittingly ...

The Banks Have Two Years To Get Ready For The Volcker Rule

Reuters | Posted 06.19.2012 | Business

* Fed clarifies 2-year compliance period for Volcker rule * Fed has said may miss July deadline to finalize rule * Delay...

Stories From the Frontline: Don't Drink the Yellow Kool-Aid

D. Sidney Potter | Posted 06.19.2012 | Business
D. Sidney Potter

The banks' almost near-inability to properly staff qualified personnel was a part of the comedy of errors. As an example, some of it was lost in translation -- literally.

Stories From the Frontline: Why Is Mortgage Aid, Hater-Aid?

D. Sidney Potter | Posted 06.16.2012 | Business
D. Sidney Potter

Why is the banking industry -- for the most part, since I personally detest over generalizations, resistant to essentially doing the right thing and/or at least doing it in a timely matter?

U.S. Lost $1 Billion To Banks In Last 10 Years Thanks To Tax Shelter

Posted 04.16.2012 | Business

By Megan Murphy and Vanessa Houlder, Financial Times and Jeff Gerth, ProPublica In November 2001, Bank of New York, a mid-tier U.S. bank, transfe...

Banks May Be Hundreds Of Billions Short Of Complying With New Rules

Reuters | Posted 06.12.2012 | Business

* Big capital hole for top 103 banks if Basel III applied -BIS * Average core capital would sag to 7.1 pct vs 10.2 pct ...

Goldman's Struggles Mount

Reuters | Posted 06.12.2012 | Business

LONDON, April 12 (Reuters) - U.S. group JPMorgan kept its top position in investment banking revenue last year, with Goldman Sachs and Credit Suiss...

Would You Like A Therapist With That Bank Account?

Mother Jones | Erika Eichelberger | Posted 06.11.2012 | Money

Maybe money can buy happiness--if your bank comes with a therapist. The unhappy Scrooge McDucks of the world no longer have to rely on their butler...

Stories From the Frontline: Robo Signers vs. The Silent Enemy

D. Sidney Potter | Posted 06.10.2012 | Business
D. Sidney Potter

As a former 1 percent member who got his backside kicked in the real estate "boom and bust" over the last decade, I'm officially a 99 percent member (misery loves company) -- and it's with unique privilege that I can report stories from the frontline.

Homes, Banks, and Politics: Round 2 of Settlement Talks

Mike Lux | Posted 06.06.2012 | Business
Mike Lux

There are two big ways for more mortgage write-downs to happen, and two big goals progressives should have for the financial fraud task force.

Bank Lets Old Woman Rack Up Astronomical Fees

The Huffington Post | Catherine New | Posted 04.06.2012 | Money

So much for local banks behaving better than the big ones. Webster Bank, a regional bank with 165 branches southern New England and New York, allo...

Don't Worry, Guys, Wall Street Salaries Went Up Last Year

The Huffington Post | Alexander Eichler | Posted 04.04.2012 | Business

Ask many of those on Wall Street, and they'll tell you of an industry grappling with a terrible state of affairs. But for those lucky enough to have k...

The Wild, Off the Mark Arguments Against the Volcker Rule

Sen. Jeff Merkley | Posted 06.03.2012 | Business
Sen. Jeff Merkley

Big banks are formulating a host of arguments -- wild, off the mark arguments -- aimed at dismantling the Volcker Rule firewall between loan-making, customer-serving banks and high-risk hedge funds.

Banks Profitting Off Government Program Aimed At Struggling Borrowers

The Huffington Post | Bonnie Kavoussi | Posted 03.29.2012 | Business

Perhaps the government's homeowner assistance program should be renamed the bank assistance program. Big banks have profited from HARP 2.0, the gov...

That Whole Occupy Wall Street Thing May Actually Be Working

The Huffington Post | Khadeeja Safdar | Posted 03.29.2012 | Business

Though the Occupy protesters have taken their tents out of Zuccotti Park, they're still making their mark. The majority of marketing and communica...

Trust, but Verify: Recent Revelations Make the Case for More Responsive, and Responsible, Banking

Ray Brescia | Posted 05.22.2012 | Business
Ray Brescia

Allegations about the culture at Goldman Sachs are just the most recent of a stream of embarrassing revelations about bank practices to have come to light in recent years.

Banks Could Learn a Thing or Two

James Perry | Posted 05.20.2012 | Business
James Perry

The principled belief that a stronger local, state and national community results in a stronger more consistent bottom line for lending institutions is not just feel good chatter. In fact, their existence relies upon this business principle.