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Commercial Banks

Ex-Wells Fargo CEO: 'Investment Bankers Are Risky, Not Investment Banking'

The Huffington Post | Alexander Eichler | Posted 07.26.2012 | Business

Banks don't lose money. People lose money. That seems to be the feeling of Richard Kovacevich, the former chairman and CEO of Wells Fargo. "Why thi...

Ex-Wall Street Banker: Volcker Rule Will Correct A Dangerous Mistake

The Huffington Post | Alexander Eichler | Posted 04.18.2012 | Business

Apparently not every banker hates the Volcker rule. Roger Vasey, who used to be in charge of global debt markets at Merrill Lynch, penned a pro-Vol...

It Turns Out 2011 Was A Pretty Great Year For Banks

The Huffington Post | Alexander Eichler | Posted 03.08.2012 | Business

By almost any measure, 2011 was a rocky year -- high unemployment, volatile markets, rising poverty, protests in the streets. Thankfully, the banks ma...

JPMorgan Chase Primarily Interested In Ballers, Shot-Callers

The Huffington Post | Alexander Eichler | Posted 02.29.2012 | Business

If you've got less than a hundred grand in the bank, JPMorgan Chase is just not that into you. At a presentation to investors this week, JPMorgan e...

Bank Robberies Most Likely To Happen On Fridays, FBI Says

Reuters | ELLEN WULFHORST | Posted 06.06.2011 | Business

NEW YORK - Bank robberies in the United States take place most often in mid-morning, on Fridays and in southern and western states, according to gov...

Complexity Theory and the Failure of Financial Reform: Part Two

Peter Schwartz | Posted 05.25.2011 | Politics
Peter Schwartz

In Part One of this essay, we mapped the tactile, political surface of financial reform - focusing on the ideas and behaviors of individual political ...

Complexity Theory and the Failure of Financial Reform: Part One

Peter Schwartz | Posted 05.25.2011 | Politics
Peter Schwartz

This is a two-part essay about the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act, a 2,300-page piece of legislation ...

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

Posted 05.25.2011 | Politics

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

Glass-Steagall Revisited: Congress At 'War With Wall Street' Says Former Fed Governor

Alison Vekshin and James Sterngold | Bloomberg | Posted 05.25.2011 | Business

Dec. 28 (Bloomberg) -- A one-page proposal gaining traction in Congress could turn back the clock on Wall Street 10 years, forcing the breakup of ban...

Obama Administration Determined to Usher in New Great Depression

Allison Kilkenny | Posted 05.25.2011 | Business
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.

Wall Street Makes Merry With Other People's Money

Dan Collins | Posted 05.25.2011 | New York
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.

Paulson Says New Financial Rules Needed

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

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

Fed Auctions Another $20 Billion In Funds To Banks

AP | Martin Crutsinger | Posted 05.25.2011 | Business

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...