Commercial Banks

Wall Street Makes Merry With Other People's Money

Dan Collins | Posted 12.16.2009 | New York

Read More: Lloyd Blankfein, Tarp, Executive Pay, Wells Fargo, Afl-Cio, Aig, Pay Czar, Pay Czar Ken Feinberg, Goldman Sachs, Goldman Sachs Bonuses, Commercial Banks, Goldman Sachs Ceo Lloyd Blankfein, Ken Feinberg, Wall Street Bonuses, Executive Compensation, Citigroup, New York News
Dan Collins

There's a good deal of jolliness on Wall Street this holiday season, thanks to the billions of dollars in bonuses that will be stuffed into the stockings of your favorite bankers. It's safe to assume the final tally will be very big.

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McCain, Cantwell Team Up To Renew Glass-Steagal Act, Depression-Era Banking Law

Posted 12.15.2009 | Politics

Read More: John McCain, Stock Market Crash, Wall Street, Commercial Banks, Tim Geithner, Maria Cantwell, Banks, Glass-Steagall Act, Arthur Levitt Jr., Securities and Exchange Commission, Paul Volcker, Recession, Great Depression, Politics News

Senators John McCain and Maria Cantwell are joining forces to reinstate the Depression-era Glass-Steagal Act of 1933, which separated commercial banki...

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Obama Administration Determined to Usher in New Great Depression

Allison Kilkenny | Posted 10.21.2009 | Business

Read More: Investment Banks, Commercial Banks, Gramm-Leach-Biley Act, Economy, President Obama, New York Times, Timothy Geithner, Paul Volcker, Lawrence Summers, Glass-Steagall, Business News
Allison Kilkenny

Whatever one thinks of Paul Volcker, any amateur historian can see that he's right to want to keep investment banking separate from commercial banking.

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Paulson Says New Financial Rules Needed

AP | JEANNINE AVERSA | Posted 04.03.2008 | Business

Read More: Investment Banks, U.S. Economy, Hank Paulson, Wall Street, Bush Administration, Recession, Henry Paulson, Bear Stearns, Chamber of Commerce, Commercial Banks, Business News

WASHINGTON — If big Wall Street investment houses are allowed to run to the Federal Reserve for emergency lending, they must face stepped-up reg...

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Fed Auctions Another $20 Billion In Funds To Banks

AP | Martin Crutsinger | Posted 03.28.2008 | Business

Read More: Federal Reserve, Fed Auction, Credit Crunch, Commercial Banks, Central Bank, Business News

The Federal Reserve, working to combat the effects of a severe credit crunch, announced Friday it had auctioned another $20 billion in funds to commer...

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