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Big Banks

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.

BofA's Brian Moynihan Gets HOW Much After A Pay Cut?

AP | Posted 04.18.2012 | Business

CHARLOTTE, N.C. (AP) — Bank of America's chief executive is taking a pay cut. Brian Moynihan will be eligible for up to $5.9 million ...

Mark Gongloff

Who's Really Paying The Tab For The Mortgage Settlement?

HuffingtonPost.com | Mark Gongloff | Posted 02.18.2012 | Business

Just who is paying for the big mortgage settlement, anyway? The Obama administration says it's the banks. Mortgage investors worry it will be them....

JPMorgan Chase CEO: I Was Safer In Lebanon Than With The Occupy Protesters

Posted 02.16.2012 | Business

For Jamie Dimon, the shelter of his Upper East Side mansion isn't enough to keep him safe from the Occupy protesters. Instead, the JPMorgan Chase CEO ...

Protect Taxpayers Now With a Strong Volcker Rule

Dennis M. Kelleher | Posted 04.14.2012 | Business
Dennis M. Kelleher

The argument for the Volcker Rule is obvious -- we shouldn't allow risky bets that pay enormous bonuses to bankers if they work, but stick taxpayers with the bill if they fail.

Another Big Bank Slashes Its Bonus Pool

AP | Posted 02.10.2012 | Business

LONDON -- Barclays PLC revealed Friday that it is slashing its bonus pool after earnings at its investment banking division fell sharply and dented ov...

Big Bank To 'Claw Back' Some Of It's Bankers' Bonuses

The Wall Street Journal | Deborah Ball | Posted 02.09.2012 | Business

ZURICH -- In another move to rein in compensation, UBS AG notified employees it will claw back part of the bonuses due to its best-paid investment ban...

The Long War

Mike Lux | Posted 04.10.2012 | Business
Mike Lux

We'll win some but we'll lose some, and some of the time we will do both at the same time. That is the story of the robo-signing settlement that has finally become a done deal after many long months of struggle over it.

Goldman, Morgan Stanley Say Clawbacks Will Affect Executive Pay Too

The Huffington Post | Alexander Eichler | Posted 02.08.2012 | Business

Two major Wall Street firms say their executives will face the same repercussions for misconduct as everybody else at the company -- but it's not clea...