Sen. Elizabeth Warren (D-Mass.) grilled Treasury Secretary Jack Lew at a Senate Banking, Housing and Urban Affairs Committee hearing on Tuesday, press...
Attorney General Eric Holder wants to clear up something he said months ago: We only thought he said that some U.S. banks are too big to jail. What he...
"Big Banks Push Against Tighter Rules," says the headline in this piece from the Wall Street Journal. 'Twas ever thus, but now, "big banks" are doing ...
America's biggest banks want you to believe that they get no special advantage, no subsidies, from being too big to fail. And yet people keep finding ...
Each turn of the cycle brings tighter global connectivity and integration, everything riding on hair trigger algorithmic trading seeking to squeeze out the last drops of advantage. Many believe this interdependency has reduced the risk of catastrophic failure.
You may think that being a too-big-to-fail bank is just one long, consequence-free romp, but it does come at some cost: an enormous and growing legal ...
Calling it "an important step forward," Sen. Elizabeth Warren (D-Mass.) commended her Senate colleagues on Sunday for their recent bipartisan vote to ...
It's troubling when some of the nation's top economists tell us Wall Street banks are too big. It's even more worrisome when bankers themselves have t...
Politicians and regulators serve criminal banks for the very same reason that Willie Sutton robbed them: That's where the money is. If these senators don't figure that out pretty soon, they're going to have to go to the people to raise money.
Congress has only two choices. The big banks can be nationalized and treated as public utilities. The public would pocket their profits and cover their losses. Or the big banks can be broken up, and be accountable to both the law and the market.
When the Attorney General of the United States admits some banks are simply too big to prosecute, it might be time to admit we have a problem -- and t...
Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...
We have learned nothing. The Dodd-Frank bill enacted to make sure "this never happens again" has accomplished nothing. The Sarbanes-Oxley bill enacted after the last crisis to make sure "this never happens again" accomplished nothing.
WASHINGTON -- The Financial Industry Regulatory Authority says five of the country's largest banks will pay $4.5 million to settle claims they used mu...
What if $2 trillion dollars of corporate, brokerage and fund money began to migrate back to Main Street using the full 7,800+ population of banks instead of hyper-concentrating in under 100 too big to fail institutions?