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Financial Industry

It's Trick or Treat in Cyberland...

Rebecca Abrahams | Posted 06.01.2013 | Technology
Rebecca Abrahams

Mobile connectivity is exploding and smartphones and tablets are whetting the appetites of cyber criminals and the population of hacker world. Any device that has information stored on it is vulnerable.

The Fatal Blindness of Private Equity -- Where's Your Consumer Insight?

Adam Hanft | Posted 02.13.2013 | Business
Adam Hanft

Here's a message to just about every private equity shop out there. There's a really simple way for you to make the billions in all your funds work smarter, harder and faster.

The Archeology of Decline

Steve Fraser | Posted 02.02.2013 | Politics
Steve Fraser

"Debtpocalypse" didn't just appear in time for the last election season or the lame-duck session of Congress to follow. It is merely the latest installment in a tragic, 40-year-old story of the dispossession of American working people.

Gagging on an Ad Blitz of Empty Anti-Wall Street Rhetoric

Sam Pizzigati | Posted 12.15.2012 | Politics
Sam Pizzigati

We don't need ads from candidates. We need commitments from them -- to rein in our economic casino.

Letter From Charlotte, NC: Fighting for America's Future

Rep. Mike Honda | Posted 11.01.2012 | Politics
Rep. Mike Honda

We are in a fight for the future of America. Anyone who watched the Republican National Convention speeches knows this. Anyone who has witnessed the ...

Consumer Bureau Bashed As Job Killer

The Huffington Post | Catherine New | Posted 07.25.2012 | Business

Job killer. That's the label one libertarian analyst of the banking industry slapped on the year-old Consumer Financial Protection Bureau at a congres...

Artist, Former Financier Renders Jamie Dimon As '70s Pornstar

The Huffington Post | Harry Bradford | Posted 07.14.2012 | Business

Few are even aware of his real name, but the subversive artwork of the artist-blogger known as William Banzai7 isn’t afraid to take dead aim at the ...

Financial Professionals Break Rank, Support Speculation Tax

Sarah Anderson | Posted 08.21.2012 | Business
Sarah Anderson

It's important to remember that the financial industry is not monolithic. I was reminded of this over the past couple weeks as I worked to persuade financial professionals to come out in support of small taxes on trades of stocks, bonds, and derivatives.

In Case You Were Worried, Top Wall Street CEOs Got Nice Raises Last Year

The Huffington Post | Alexander Eichler | Posted 06.05.2012 | Business

Last year was an awful one for many on Wall Street. But not everyone struggled. Some even partied like it was 2006. In fact, for the 50 people ran...

Barney Frank: JPMorgan's 'Leave Us Alone' Argument Has Blown Up

AP | DANIEL WAGNER | Posted 05.14.2012 | Business

WASHINGTON -- JPMorgan Chase faces intense criticism for claiming that a surprise $2 billion loss by one of its trading groups was the result of a slo...

Lawyers Have Income Inequality Problems, Too

The Huffington Post | Alexander Eichler | Posted 04.16.2012 | Business

Income inequality is a problem among lawyers, too. As The Wall Street Journal notes, the country's richest lawyers have gotten richer since the Gre...

For Capitalism to Survive, Crime Must Not Pay

Bruce Judson | Posted 06.13.2012 | Business
Bruce Judson

A corporation that knowingly breaks the law will find ways to profit through illegal means that are not available to competitors. As a consequence, the competitive playing field is biased toward the company that does not need to follow the rules.

Goldman Settles Over Charges That It Allowed Insider Tips To Reach Clients

Reuters | Posted 06.12.2012 | Business

WASHINGTON, April 12 (Reuters) - U.S. securities regulators said on Thursday that Goldman Sachs Group Inc will pay $22 million to settle civil charg...

The Best Congress the Banks' Money Can Buy

Bill Moyers | Posted 06.09.2012 | Politics
Bill Moyers

After months of haggling and debate, Congress finally passes reform legislation to fix a serious rupture in the body politic, and the president signs it into law. But the fight's just begun, because the special interests immediately set out to win back what they lost when the reform became law.

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...

Bruised Wall Street Firms Continue To Jettison Office Space

The Huffington Post | Alexander Eichler | Posted 02.06.2012 | Business

Here's one thing big banks have in common with protesters: Neither group is occupying Wall Street as much as they used to. In an ongoing sign of th...

Big Bank CEO: Anti-Banking Sentiment 'A Form Of Discrimination'

The Huffington Post | Alexander Eichler | Posted 01.25.2012 | Business

Jamie Dimon, the head of JPMorgan Chase, would like to make it clear that he is not that kind of banker. "I've disagreed right from the beginning o...

Alexander Eichler

Why Does Wall Street Make So Much Money?

HuffingtonPost.com | Alexander Eichler | Posted 01.21.2012 | Business

Payouts declined on Wall Street this year, as the major financial firms tried to steer through several quarters of lawsuits, layoffs, jittery markets,...

Government Accounted For Nearly A Third Of All Layoffs In 2011: Report

The Huffington Post | Alexander Eichler | Posted 01.05.2012 | Business

For government workers and financial sector employees, last year was a particularly bad one -- and 2012 likely won't be much better. More jobs were...

Financial Sector A Bigger Share Of Economy Now Than Before The Crisis

The Huffington Post | Alexander Eichler | Posted 12.15.2011 | Business

The financial industry may have taken a hit during the Great Recession. But relative to the overall economy, it's bigger now than it was before Lehman...

Bonnie Kavoussi

Bank Moves To Track Customer Locations, Raising Privacy Concerns

HuffingtonPost.com | Bonnie Kavoussi | Posted 12.02.2011 | Business

A major U.S. bank is now tracking customer locations, raising concerns about online privacy. Ally Financial now requests to track the locations of ...

Wall Street Is Already Occupied

ProPublica | Jesse Eisinger | Posted 12.01.2011 | Business

Last week, I had a conversation with a man who runs his own trading firm. In the process of fuming about competition from Goldman Sachs, he said with ...

Bonnie Kavoussi

Federal Reserve Keeps Europe At Arm's Length

HuffingtonPost.com | Bonnie Kavoussi | Posted 11.29.2011 | Business

As the eurozone crisis continues to develop, pressure for the European Central Bank to act is mounting. Many want the ECB to bail out troubled Europea...

Some Missing MF Global Money May Be At A Big Bank In Britain

Posted 11.29.2011 | Business

About $200 million in customer funds missing at MF Global may have surfaced at JP Morgan Chase in Britain, the New York Times said, citing people ...

Fed Announces New Bank Stress Tests

The Huffington Post | Bonnie Kavoussi | Posted 11.22.2011 | Business

As the sovereign debt crisis in Europe threatens to spill over into the United States, the federal government wants to make sure that banks are prepar...