iOS app Android app

Wachovia

Finally, the End of the Five-Year Armageddon Trade?

Terry Connelly | Posted 04.20.2014 | Business
Terry Connelly

Plenty of worry for the famous wall that markets often climb, but no Armageddon's on the horizon. Maybe we can get back to "normalcy" after all, even with increased market "volume" more to the upside.

"Till We Get an Answer, We're Gonna Let It Shine": Learning to Hope When You Can't Save the World

Jesse James DeConto | Posted 01.25.2014 | Religion
Jesse James DeConto

Jesse James DeConto is a journalist, musician and author of the spiritual memoir This Littler Light: Some Thoughts on NOT Changing the World. He is re...

Bank Admits Major Unit Is Facing Mortgage Probe

Reuters | Posted 01.06.2013 | Business

Nov 6 (Reuters) - The government's investigation of mortgage-related practices at Wells Fargo & Co includes the making and packaging of home loans b...

Reflections on Paul Ryan's Transactions in Individual Bank Stocks in 2008

Brad DeLong | Posted 10.13.2012 | Politics
Brad DeLong

I don't want to hire as my vice president and federal budget czar somebody who uses Congressional inside information to profit by switching his portfolio back and forth between Citigroup and Goldman five times a year: I want somebody with better ethics.

Catherine New

Credit Unions Can Thank WaMu For Kicking Off Bank Exodus

HuffingtonPost.com | Catherine New | Posted 08.02.2012 | Money

Long before Occupy Wall Street protesters were doling out Big Bank Haterade, Main Street customers were steadily moving their money out of banks and i...

Catherine New

Wells Fargo Messed With The Wrong Guy

HuffingtonPost.com | Catherine New | Posted 07.26.2012 | Money

Wells Fargo pissed off the wrong customer. Earlier this week, Richard X. 'Dick' Bove, a well-known banking analyst, blasted the bank in a research ...

HSBC To Apologize For Being Awful At Preventing Money Laundering

The Huffington Post | Alexander Eichler | Posted 07.11.2012 | Business

HSBC may be ready to say it's sorry. The bank will apologize to a Senate panel next Tuesday for not doing more to prevent money laundering through...

Sorry, No More Free Checking Accounts At This Bank

The Huffington Post | Catherine New | Posted 05.21.2012 | Money

Free checking at Wells Fargo is officially over. Effective August 7, all Essential Checking customers will pay a $7 monthly service fee. Until rec...

Ben Hallman

Fewer Defendants Would Deny Guilt Under New SEC Policy

HuffingtonPost.com | Ben Hallman | Posted 01.07.2012 | Business

In a change of policy that comes after more than two years of public and embarrassing scoldings by a federal judge, the Securities and Exchange Commis...

Tyler Kingkade

Small Businesses To Super Committee: Tax Large Corporations

HuffingtonPost.com | Tyler Kingkade | Posted 01.04.2012 | Politics

WASHINGTON -- Outraged by a new report about America's largest corporations dodging their taxes, small business owners are orchestrating a new campaig...

Wells Fargo Settles Mortgage Abuse Lawsuit For $85 Million

AP | CHRISTOPHER S. RUGABER and DEREK KRAVITZ | Posted 09.19.2011 | Business

WASHINGTON — Wells Fargo & Co. has agreed to pay $85 million to settle civil charges that it falsified loan documents and pushed borrowers towar...

Tim Geithner: Banks' Interests 'Not Aligned' With Those Of American Economy

The Huffington Post | James Sunshine | Posted 09.17.2011 | Business

Despite warnings from JPMorgan Chase CEO Jamie Dimon that the U.S. government may be suffocating the American economy recovery through over-regulation...

Stapleton Moonlighting Shows Need for More Disclosure

Luis Toro | Posted 07.06.2011 | Denver
Luis Toro

While State Treasurer Stapleton argued in favor of transparency in Washington, DC, he has been resisting it here in Colorado, refusing to disclose how much time he is spending on his second job.

Weekly Diaspora: How Bad U.S.-Latin American Policy Fuels Unauthorized Immigration

The Media Consortium | Posted 06.21.2011 | Politics
The Media Consortium

By Catherine A. Traywick, Media Consortium blogger Too often, the immigration debate in this country ignores the role U.S. foreign policy plays in fue...

Shahien Nasiripour

Goldman Sachs Values Assets Low, Sells High To Customers

HuffingtonPost.com | Shahien Nasiripour | Posted 06.14.2011 | Business

As the subprime crisis was emerging on Wall Street, Goldman Sachs sold a client a slice of a complex security at a price nearly 50 percent higher than...

Shahien Nasiripour

SEC Under Criticism Yet Again For 'Light' Penalty Against Big Bank

HuffingtonPost.com | Shahien Nasiripour | Posted 06.07.2011 | Business

The nation's fourth-largest bank agreed to pay an $11 million fine this week to settle federal charges that it misled investors by hiding critical fac...

Corruption, Kleptocrats, and Politics: Sudan and Burma

Matthew Smith | Posted 05.25.2011 | World
Matthew Smith

Sadly, money laundering, corruption, and partnerships between violent regimes and willing banks is all too common, even when it's illegal.

Blind Trust: Holder's Bogus "Operation" and Obama's Wall Street Justice

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

If the White House wants to restore the public's faith it needs to get serious about investigating bank fraud -- real bank fraud, the kind that brought down the economy once and could do it again.

Wells Fargo Pays $24 Million To End Investigation Over Dubious Mortgages

Posted 05.25.2011 | Business

WASHINGTON (AP) -- Wells Fargo & Company is paying $24 million to end an investigation by eight states into whether lenders acquired by the bank made...

Payday Lenders: How Wall Street's "Undercover Brothers" Exploit Minorities

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

All the major banking institutions say the right things about race and equality. They all have diversity programs. Yet the banking industry has been using payday lenders as a "front" for preying on minority neighborhoods.

Where Are the Prosecutions? SEC Lets Citi Execs Go Free After $40 Billion Subprime Lie

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

What is the penalty for bankers who tell $40 billion lies? Somewhere between nothing and a rounding-error on your bonus.

Wall Street Is Laundering Drug Money And Getting Away With It

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Wachovia Bank is accused of laundering $380 billion in Mexican drug cartel money, and is expected to emerge with a slap on the wrist thanks to a government policy which protects megabanks from criminal charges.

Our Vichy Regime Regulators

The 14th Banker | Posted 05.25.2011 | Business
The 14th Banker

Our regulators and prosecutors fail us when they do not bring stern cases against the corporation and both front line and senior bank officers that participate. These officers continue with reputations unsullied in their communities.

Wells Fargo, BofA Admit Financing Mexico Drug Gangs

Bloomberg | Michael Smith | Posted 05.25.2011 | Business

Wachovia, it turns out, had made a habit of helping move money for Mexican drug smugglers. Wells Fargo & Co., which bought Wachovia in 2008, has admit...

Bloomberg Looks to Wall Street to Save NYC Economy

John Petro | Posted 05.25.2011 | New York
John Petro

Will the new deputy mayor, with such strong ties to the financial industry, be willing or able to move New York City away from its reliance on the financial sector?