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$128 Billion In Bank Fines, In 1 Chart

The Huffington Post | Kevin Short and Mark Gongloff | Posted 08.08.2014 | Business

Bank of America's reported $17 billion settlement over bad mortgages would be the biggest in a string of increasingly expensive bank punishments. But ...

Shahien Nasiripour

'Too Big To Fail' Lives

HuffingtonPost.com | Shahien Nasiripour | Posted 08.06.2014 | Business

Eleven of the nation's largest banks have failed to convince federal regulators they could safely be wound down if they neared failure, government aut...

Zach Carter

Darrell Issa's Latest Circus Has Lawmakers Shocked That DOJ Fights Fraud

HuffingtonPost.com | Zach Carter | Posted 07.15.2014 | Politics

WASHINGTON -- On Tuesday, Republicans on the House Financial Services Committee took up Rep. Darrell Issa's crusade against the Department of Justice'...

$7 Billion Citigroup Settlement Announcement Expected Monday

Reuters | Karen Freifeld and Aruna Viswanatha | Posted 07.14.2014 | Business

NEW YORK, July 13 (Reuters) - Citigroup agreed to pay $7 billion to resolve a U.S. government investigation into shoddy mortgage-backed securities the...

JPMorgan Chase to Porn Stars: You're Not Welcome

Clay Calvert | Posted 07.05.2014 | Business
Clay Calvert

Regardless of one's personal views about either adult movies or their performers, one must wonder whether JPMorgan Chase, which reportedly paid more than $20 billion in penalties and settlements in 2013 alone, might have more important things to do, like cleaning up its own financial house.

16 Major Banks Slammed With Lawsuit

Reuters | Posted 03.14.2014 | Business

NEW YORK (Reuters) - The Federal Deposit Insurance Corporation sued 16 of the world's largest banks on Friday, accusing them of collusively suppressin...

Zach Carter

Key Republican Rips Income Inequality, Calls For New Stimulus

HuffingtonPost.com | Zach Carter | Posted 01.25.2014 | Politics

WASHINGTON -- Former FDIC Chair Sheila Bair sharply criticized Congress for failing to approve economic stimulus measures, saying elected lawmakers wh...

JPMorgan Goes After Feds For More Than $1 Billion

Reuters | Posted 02.17.2014 | Business

By Bernard Vaughan NEW YORK, Dec 17 (Reuters) - JPMorgan Chase & Co sued the Federal Deposit Insurance Corporation in federal court ...

Zach Carter

Progressives Rally To Representatives' Call For Tougher Bank Rules

HuffingtonPost.com | Zach Carter | Posted 11.07.2013 | Politics

WASHINGTON -- Three members of Congress this week sent a letter to top federal regulators urging them to adopt tougher capital requirements for big ba...

When Banks Swallow Each Other, You Deserve a Voice

Preeti Vissa | Posted 01.23.2014 | Business
Preeti Vissa

The massive wave of bank megamergers that took off in the 1990s had plenty of unfortunate results, including the invention of the phrase "too big to fail." Fewer mergers are happening now, but the ones that do happen can have a huge impact on communities.

JPMorgan's Possible $11 Billion Settlement Just Got More Complicated

Reuters | Karen Freifeld and Emily Flitter | Posted 10.01.2013 | Business

NEW YORK (Reuters) - JPMorgan Chase & Co's possible $11 billion settlement of government mortgage probes has been complicated by a dispute with the Fe...

Feds Call For Help With Private Student Loans

The Huffington Post | Tyler Kingkade | Posted 07.29.2013 | Business

Three federal regulatory agencies are calling on banks that issue private student loans to assist struggling borrowers, as recent college graduates ac...

After Costing Americans Billions, Federal Reserve Reexamines Banks' Commodity Speculation

Raymond J. Learsy | Posted 09.23.2013 | Business
Raymond J. Learsy

It is one of the grossest miscarriages of Wall Street power and government obeisance resulting in billions of consumer dollars going into the pockets of banks, hedge funds and traders producing and adding nothing to the economic wellbeing of the nation, other than lining their own pockets.

Breaking the Glass Ceiling at the Federal Reserve

Robert Kuttner | Posted 09.20.2013 | Politics
Robert Kuttner

Larry Summers is running hard to succeed Ben Bernanke as chairman of the Federal Reserve. This is a terrible idea. Once appointed chief of economic policy, Summers with Tim Geithner was a prime architect of propping up and bailing out the biggest banks, rather than cleaning them out and altering the conflicts of interest at the core of Wall Street's business model. Today, the banks are more highly concentrated, more profitable, and less in the business of financing the real economy than ever. This is Larry Summers' legacy. The prime alternative to Summers is Fed Vice Chair Janet Yellen, who is very much like Bernanke, only better. She has gone even further in expressing concern for the economy's persistent unemployment and in criticizing the bipartisan obsession with deficit reduction. Yellen deserves to be Fed chair purely on the merits. It pains me to write that if she gets the job, one other major contrast with Summers will weigh in her favor. She is female.

Directors Serving as Officers May Not Have Business Judgment Rule Protection

Brad Reid | Posted 09.10.2013 | Business
Brad Reid

Directors need to be informed concerning not only the law of the state in which they act but also the law of the state of incorporation.

Regulators Push For Big Move Against Too Big To Fail

Reuters | Posted 08.21.2013 | Business

By Douwe Miedema WASHINGTON, June 21 (Reuters) - Two top U.S. bank regulators are pushing to double capital requirements for the count...

Zach Carter

House Dems Embrace Wall Street Deregulation

HuffingtonPost.com | Zach Carter | Posted 05.08.2013 | Politics

WASHINGTON -- Just one day after Treasury Secretary Jack Lew wrote a letter urging lawmakers to reject a slate of Wall Street deregulation measures, n...

It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors

Ellen Brown | Posted 06.03.2013 | Business
Ellen Brown

When Americans realize that the alternative is to have their ready cash transformed into "bank stock" of questionable marketability, moving failed mega-banks into the public sector may start to have more appeal.

Yes, We Can Have Banks That Work for the People

Richard (RJ) Eskow | Posted 05.29.2013 | Politics
Richard (RJ) Eskow

One pathway to genuine reform is "public banking": the establishment of banks which are owned and operated by the government, and which serve people and small businesses directly. Here's why public banking should be included in the agenda for deep and genuine financial reform.

Bank on Being Bilked

Leo W. Gerard | Posted 05.25.2013 | Politics
Leo W. Gerard

Unless Americans step up the way Cypriots did and demand real regulation, as well as send the message that they don't trust Wall Street by moving their money to community banks and credit unions, they can bank on being bilked. Again.

Which Aspect of the FDIC's Litigation Failures Is the Most Embarrassing and Damaging?

William K. Black | Posted 05.12.2013 | Business
William K. Black

Is there anyone left in the banking regulatory ranks with a fire in their belly? Is there no one who has had enough and will insist that the fraudulent controlling officers limp away bankrupt rather than strut away wealthy?

Bank Regulator Hid Settlements From Public: Report

The Huffington Post | Mark Gongloff | Posted 03.12.2013 | Business

At the request of rule-breaking bankers, a top U.S. regulator has for years settled bank cases in secret, raising the bar on just how far regulators a...

The Health of Private Companies As We Head Into Sequestration

Mary Ellen Biery | Posted 05.05.2013 | Small Business
Mary Ellen Biery

The average private company's likelihood of default is lower and debt-to-EBITDA, a measure of financial liquidity, is also below the period a year earlier, according to early estimates based on financial statements from 2012 and 2011.

Tonight's Conversation With Former FDIC Chair Sheila Bair

Tavis Smiley | Posted 05.04.2013 | Politics
Tavis Smiley

Tonight I talk with the former chair of the FDIC, Sheila Bair, about the economic crisis we're now facing and just how dire the $85 billion cuts will be for our country.

Wall Street Records Biggest Profit Since Before The Financial Crisis

Reuters | Posted 04.28.2013 | Business

WASHINGTON, Feb 26 (Reuters) - The U.S. banking industry in 2012 recorded its highest earnings since before the 2007-2009 financial crisis, accordin...