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Big Banks

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.

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 ...