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Big Banks

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.

Wall Street Has The Worst Pay Equality In America

The Huffington Post | Alexander Eichler | Posted 03.19.2012 | Business

Wall Street is one place where it pays to be a guy. For people in financial-sector jobs -- such as insurance agents, security sales agents, financi...

Goldman Randomly Picks This Week To Review Its Conflict-Of-Interest Rules

The Huffington Post | Alexander Eichler | Posted 03.16.2012 | Business

Perhaps aware that everyone in America is paying it attention this week, Goldman Sachs is reviewing its policies on employee conflicts of interest, ac...

Foreclosure Deal Documents Lack Detail On Banks' Alleged Misdeeds

Reuters | Posted 05.12.2012 | Business

* Previously announced pact filed in federal court * Banks commit to $25 bln, much as mortgage relief * Ally Financial n...

WATCH: Shirtless Women Interrupt BofA CEO Speech

Posted 03.09.2012 | Business

Shirtless women are likely not the types of guests most would expect to see at a conference full of Wall Street suits. But they were in attendance...

Bank Of America Could Be Looking At A Big Old Lawsuit

The Huffington Post | Alexander Eichler | Posted 03.08.2012 | Business

A million-dollar embezzlement case in Seattle could land Bank of America in hot water. Joseph Phan, a former Seattle Public Utilities employee, is ...

So About That Socialism Thing...

The Huffington Post | Alexander Eichler | Posted 03.07.2012 | Business

Tired of giving business to big banks? Maybe you can become the state's customer instead. More U.S. states are exploring the possibility of establi...

Surprised? Those Big Banks That Got Taxpayer Money Are Still Taking Huge Risks

The Huffington Post | Bonnie Kavoussi | Posted 03.07.2012 | Business

The big banks that critics claim caused the financial crisis may have gotten bailed out, but they apparently haven't learned their lesson. Large b...

Wall Street Wastes $280 Billion A Year: Study

The Huffington Post | Alexander Eichler | Posted 03.02.2012 | Business

Wall Street seems to have learned a neat trick: how to make more money while producing less. Between 1980 and 2010, the U.S. financial industry nea...

Banks Are Still Trying To Charge You Those Pesky Fees

AP | PALLAVI GOGOI | Posted 03.02.2012 | Business

NEW YORK -- Big banks, facing declining revenues and a regulatory climate that leaves them fewer creative ways to make money, are quietly introducing ...

Volcker: Banks 'Shouldn't Be Fighting The Concept' Of My Rule

Reuters | Posted 04.30.2012 | Business

By Stanley Carvalho and Martina Fuchs ABU DHABI, Feb 29 (Reuters) - Former U.S. Federal Reserve chairman Paul Volcker, who lent his na...

They're Forming A Union Where?

Posted 02.28.2012 | Business

Wall Street workers and union hands may seem like total opposites, but employees at an iconic investment bank are countering those preconceived notion...

Banks Rake In Huge Profits, Don't Share Them

The Huffington Post | Jillian Berman | Posted 02.28.2012 | Business

Wall Street just scrimped, saved and cut its way back to pre-recession levels of profit. Bank profits jumped to a five-year high in 2011, according...

What Happens When Banks Cozy Up To Insurers

Posted 02.27.2012 | Business

By Cora Currier ProPublica A class-action lawsuit in Florida that moved forward this week highlights a little-appreciated aspect of the housing m...

Want To Ditch Your Bank? You're Far From Alone

Reuters | Posted 04.28.2012 | Business

Feb 27 (Reuters) - Nearly 10 percent of customers of U.S. banks moved their accounts last year, often after they became frustrated with fees and the...

Another Big Bank Plans To Hand Out Out Pink Slips

The Huffington Post | D.M. Levine | Posted 02.24.2012 | Business

Wall Street keeps shrinking. Credit Suisse will begin laying off employees in New York the second week of March, according to a company filing with...

With Trillions On the Table Nobody Plays Fair, and Everyone Plays for Keeps

Janet Tavakoli | Posted 04.22.2012 | Business
Janet Tavakoli

Since 2008, we've seen example after stunning international example of no-strings-attached socialization of losses and privatization of gains. Nothing has changed for the better, because big money interests like it this way.

Jamie Dimon Beware: The Wall Street Journal Says It Is Time to Break Up the Big Banks

David Paul | Posted 04.20.2012 | Business
David Paul

Our finance industry is on the attack again. The industry target now is the Volcker rule -- the proposed rule that would limit the ability of banks to trade for their own account. Leading the attack has been JPMorgan CEO Jamie Dimon.