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Megabanks

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...

Community Banks Are Failing; Pawnshops Are Growing

Tanya D. Marsh | Posted 10.25.2013 | Business
Tanya D. Marsh

Five years after the failure of Lehman Brothers, the mega banks have rebounded, community banks that serve vulnerable niches of American consumers, and which played no role in causing the Financial Crisis, are failing, and non-traditional lenders are expanding.

Eleazar David Melendez

Fed President Blasts Dodd-Frank

HuffingtonPost.com | Eleazar David Melendez | Posted 01.22.2013 | Business

After spending the last few years taking a wait-and-see approach to financial reform, several banking regulators in the U.S. and Europe kicked off 201...

Back From the Vomitorium: The Looting of the Mortgage Settlement Agreement

Adam Levin | Posted 12.25.2012 | Money
Adam Levin

Politicians, not bankers, are the culprits this time around -- siphoning billions from that historic settlement and pumping it into their broken state budgets.

Meet The Bankers Having Second Thoughts About Too-Big-To-Fail

The Huffington Post | James Sunshine | Posted 08.06.2012 | Business

Sandy Weill, the former CEO of Citigroup and father of the modern too-big-to-fail bank, last month shocked Wall Street when he said that he thought it...

Too Big to Care

Leslie Hendry | Posted 07.14.2012 | Money
Leslie Hendry

No one wants to repeat another bailout, and politically speaking, it's hard to imagine one getting passed again within the next fifty years. But when financial leaders allow huge bets to be placed on unnatural, or synthetic securities, they simply haven't learned the lessons of the past crisis.

It's Really Time to Move Your Money!

Michael McGown | Posted 11.13.2011 | Business
Michael McGown

While there are a number of sources for locating good, small, customer-friendly banks and credit unions, I've found two that are quite helpful.

Citi Sued For Allegedly Killing Man With $12,000 Credit Card Debt

The Huffington Post | James Sunshine | Posted 08.30.2011 | Business

In the U.S., failing to pay back your Citibank bills can, at worst, lead to personal bankruptcy and a poor credit rating. In Indonesia, it may get you...

Megabank Myths

The New York Times | SIMON JOHNSON | Posted 05.31.2011 | Business

Back when it really mattered -- last spring, during the debate over the Dodd-Frank financial regulation -- Senator Ted Kaufman, Democrat of Delaware, ...

What Did Bank CEOs Know Before The Crisis?

New York Times | Posted 05.25.2011 | Business

One view of executives at our largest banks in the run-up to the crisis of 2008 is that they were hapless fools. Unaware of how financial innovation h...

What Goldman Sachs Failed To Acknowledge

New York Times | Simon Johnson | Posted 05.25.2011 | Business

To great fanfare, this week Goldman Sachs introduced the report of its business standards committee, which makes recommendations regarding changes for...

Largest Mortgage Loan Companies Poised To Settle With Attorneys General

Posted 05.25.2011 | Business

The five largest mortgage loan servicers, including Bank of America Corp (BAC.N) and JPMorgan Chase & Co (JPM.N), may be the first to settle with 50...

Wall Street Weighs Early Bonuses To Save Under Bush Tax Cuts

New York Times | Posted 05.25.2011 | Business

Congress is debating tax rates, and that has Wall Street nervously eyeing the calendar. Worried that lawmakers will allow taxes to rise for the wealt...

Peter S. Goodman

Too Stupid To Try Again: Trusting Bankers

HuffingtonPost.com | Peter S. Goodman | Posted 05.25.2011 | Business

Poor, sad Jamie Dimon, the frustrated and--by his account--tragically misunderstood chief of megabank J.P. Morgan Chase. It's not enough that he gets...

The Volcker Rule After The Midterm Elections

New York Times | Posted 05.25.2011 | Business

The Obama administration saved the deeply troubled megabanks in the United States in early 2009 with a bundle of rescue measures that, compared with s...

Shahien Nasiripour

Megabanks Will Shrink, Bernanke Tells Financial Crisis Commission, Yet Doubts Over Too Big To Fail Remain

HuffingtonPost.com | Shahien Nasiripour | Posted 09.02.2010 | Business

In one of his most definitive statements on the subject to date, the nation's central banker said Thursday that he expects some of the nation's megaba...

Despite Reform, Banks Have Room For Risky Deals

New York Times | Posted 05.25.2011 | Business

When Congress passed a new financial regulation bill last month, it sought to prevent federally insured banks from making speculative bets using their...

SEC Chief Appearing Before Congress In Wake Of Financial Reform, Goldman Deal

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — The head of the Securities and Exchange Commission is appearing before Congress days after the passage of sweeping financial regula...

Gretchen Morgenson: Holding Bankers' Feet To The Fire

New York Times | Posted 05.25.2011 | Business

KUDOS to the Federal Housing Finance Agency, overseer of Fannie Mae and Freddie Mac, the crippled mortgage finance giants. While some in Washington ha...

SIMON JOHNSON The Kanjorski Surprise - Now It Gets Interesting

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

The bank lobbyists, it turns out, missed one. They and their congressional allies were able to gut the Volcker Rule, the Lincoln Amendment, and almost everything else that could have had an effect on the industry.

Shahien Nasiripour

Mutual Fund To No Longer Invest In 'Too Big To Fail' Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

A top-ranked mutual fund will no longer invest in "Too Big To Fail" banks, announcing Thursday it would extend a prohibition already in place against ...

Consumer Protection: Preempting the Myths Perpetuated by Big Banks

Richard H. Neiman | Posted 05.25.2011 | Business
Richard H. Neiman

The myths that are being perpetuated against states' ability to protect consumers have reached a pinnacle. Three tired arguments are being recycled and must be exposed for what they are: negotiating tactics, not facts.

Shahien Nasiripour

Geithner Admits Regulatory Failures, Reiterates Support For Empowering Regulators

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Treasury Secretary Timothy Geithner and the Federal Reserve's longest-serving top official reiterated their calls Thursday to rein in the nation's fin...

13 Bankers: Why It's Essential That Universities Return To Teaching Economic History

Mark Thoma | Posted 05.25.2011 | Books
Mark Thoma

13 Bankers is essential reading for any economist who wants to understand what triggered financial panics in the past, what policies worked or failed and why, and how it relates to today.

Fake Debate: The Senate Will Not Vote On Big Banks

The Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

A real debate, in the modern American system, needs a vote on something specific - in this case, an amendment to the main legislation. And Senator Ka...