Wall Street Banks

Does JPMorgan's Derivatives Fiasco Portend the Collapse of Crude Oil and Gasoline Prices?

Raymond J. Learsy | Posted 05.21.2012

Read More: Rex Tillerson, JPMorgan Chase, Price of Gasoline, Directional Bets, Speculation, Financial Derivatives, Exxonmobil, Federal Deposit Insurance Corp, Oil, Financial Crisis, Federal Reserve, Vlcc, Wall Street Banks, Jamie Dimon, Senate, Business News
Raymond J. Learsy

It is a grotesque symbol of how the Wall Street banks control our government. Mr. Dimon, sir, out of respect to our waning confidence in government institutions, your resignation from the Fed Board is well past due.

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Mark Gongloff

Regulator Outlines Strategy To Avoid Future Wall Street Bailouts

HuffingtonPost.com | Mark Gongloff | Posted 05.11.2012

Read More: Video, Fdic, Federal Deposit Insurance Corporation, Martin Gruenberg, Too Big to Fail, Financial Crisis, Banks, Financial System, Wall Street Banks, 2010 Financial Overhaul Law, Big Banks, Business News

The problem with banks being too big to fail is not necessarily their bigness, but their failure. Like a runaway train plowing through a city block, a...

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Geithner: 'You Can't Legislate Away Stupidity And Risk-Taking And Greed'

Reuters | Posted 04.26.2012

Read More: Video, Bush Administration, Dartmouth College, Reuters, Obama Administration, Wall Street Banks, New York Federal Reserve, Treasury Secretary Timothy Geithner, Great Depression, Business News

PORTLAND, Oregon, April 25 (Reuters) - Treasury Secretary Timothy Geithner sought on Wednesday to reassure Americans that the Obama administration w...

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Wall Street's Free Lunches

The Huffington Post | Harry Bradford | Posted 03.06.2012

Read More: The Jane Dough, Video, Wall Street, seamless.com, Gourmet, Wall Street Perks, U.S. Chamber of Commerce, Food, Banks, Wall Street Banks, Fast Company, Business News

Even on Wall Street, there's no such thing as a free lunch. But there are free fancy dinners. Most junior bankers on Wall Street are allowed a $25 ...

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Don't Crawl to Potter This Christmas

Matt Jordan | Posted 02.09.2012

Read More: Financial Crisis, Wall Street Banks, It's a Wonderful Life, Frank Capra, Christmas, Economic Inequality, Culture News
Matt Jordan

When you get a chance to watch It's a Wonderful Life this holiday season, remember that the Potters and their parasitic ilk, are still out there waiting for people to lose their faith in community so they can buy what's left of it.

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Citigroup, Deutsche Bank Pay Big To Settle Claims They Misled Credit Unions

AP | Posted 01.14.2012

Read More: Deutsche Bank, Goldman Sachs, JPMorgan Chase, Mortgages, Video, Securities, National Credit Union Administration, Regulators, Ncua, Wall Street Banks, Royal Bank of Scotland, Citigroup, Credit Unions, Business News

WASHINGTON — Citigroup Inc. and Deutsche Bank are agreeing to pay a total of $165.5 million to settle federal regulators' claims that they misle...

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Cry Baby: Bank of America's CEO Incensed by Criticism

Gordon Whitman | Posted 12.27.2011

Read More: Bank of America, Moynihan Bank America, Mortgage Refinancing Banks, Mortgage Lending Banks, Brian Moynihan CEO, Wall Street Banks, Business News
Gordon Whitman

For years, faith, community and civil rights organizations have pushed BofA to stop mass foreclosures and help get the U.S. housing market working. Instead the bank has consistently chosen PR over substance.

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Bank of America's Outrageous Debit Fee -- Another Reason to Break Up the Big Wall Street Banks

Robert Creamer | Posted 12.10.2011

Read More: Wall Street Banks, Jan Schakowsky, Break Up Wall Street Banks, Dick Durbin, Occupy Wall Street, Monopoly, Debit Card Fee, Oligopoly, Community Banks, Bank of America, Move Your Money, Bank of America Debit Card Fees, Politics News
Robert Creamer

Let's make Bank of America remember the old adage: "The pigs get fat and the hogs get slaughtered." Let's use their own greed to stoke the "Occupy Wall Street" sentiment that is -- quite correctly -- sweeping the country.

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Baby Boomer's Method to Occupy Wall Street

Don McNay | Posted 12.07.2011

Read More: A Main Street Guide to Making Money, Move Your Money, Don McNay, Business, The Fed, Main Street, Fifty, Bank of America, Credit Cards, Wall Street Banks, Think Globally Act Locally, Wealth Without Wall Street, Occupy Wall Street Protests, Occupy Wall Street, Wall Street, Fifty News
Don McNay

If I were 22 instead of 52, I'd probably be out on the streets. Instead, like most baby boomers, I'm watching the revolution on television. And supporting the protesters in a middle-aged way.

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Why We're Joining #OccupyWallStreet

Jon Kest | Posted 11.30.2011

Read More: Millionaire's Tax, Eric Schneiderman, New York Communities for Change, Wall Street, Wall Street Banks, Occupy Wall Street, New York News
Jon Kest

Whether you're a union worker, parent, or one of the millions of people, young and old, who are looking for work with no avail, on Wednesday we will stand together to demand justice.

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A Manifesto For Better Banking

Carne Ross | Posted 11.27.2011

Read More: Bank Regulation, Wall Street Protests, Wall Street, Bank Reform, Financial Reform, Occupy Wall Street, Banking, Banks, Wall Street Banks, Business News
Carne Ross

The banking system is both a cause and an intrinsic part of our current economic and political crisis. Here are some suggestions for a manifesto for the Occupy Wall Street protests currently taking place.

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Goldman Sachs Could Be Headed Toward First Loss Since Financial Crisis

The Huffington Post | Bonnie Kavoussi | Posted 11.23.2011

Read More: Layoffs, Goldman Sachs, Wall Street Layoffs, Eric Schneiderman, Business News, Federal Housing Finance Agency, Banks, Wall Street Banks, Financial System, Financial News, Fhfa, Business News

Growing concerns about the weakness of economic growth around the world are increasingly dimming prospects for American financial institutions, amplif...

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Goldman Staff Under Pressure To Keep Low Profile

New York Times | Kevin Roose | Posted 09.07.2011

Read More: Lloyd Blankfein, Mega-Banks, Goldman Sachs, Wall Street, Golden Handcuffs, Too Big to Fail, Matt Levine, New York Times, Wall Street Banks, Business News

When Matt Levine, a vice president at Goldman Sachs, announced in May that he was leaving his job to become a full-time writer for Dealbreaker, a sati...

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Wall Street Starting To Scale Back Pay On Trading Desks

Posted 09.07.2011

Read More: Weak Performers, Wall Street Banks, Traders Pay, Bankers Struggling, Wall Street Pay, Wall Street Jobs, Bank Compensation, Wall Street Recession, Business News

NEW YORK (Lauren Tara LaCapra) - Large Wall Street banks are starting to scale back compensation on trading desks as shareholders grow increasingl...

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Goldman Sachs Will Lay Off 230 Employees In New York City

Posted 08.29.2011

Read More: Department of Labor, Goldman Sachs, Wall Street Banks, Goldman Firing, Goldman Layoffs, Wall Street Layoffs, Goldman Fired, New York, Business News

Goldman Sachs Group Inc (GS.N) plans to lay off 230 employees in New York because of economic conditions, according to a state filing on Wednesday...

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Big Banks Lose Battle Against Small Stock Research Site

Posted 08.20.2011

Read More: Federal Appeals Court, Merrill Lynch, Barclays Plc, 2nd u.s. Circuit Court of Appeals, Morgan Stanley, New York State Law, Wall Street Banks, Stock Research, Online News, Bank of America Corp, UCLA School of Law, Theflyonthewall.com Inc, Video, Business News

NEW YORK (Jonathan Stempel) - A federal appeals court handed a major defeat to Wall Street banks by ruling that an online news service did not mis...

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More Examiners Will Now Work At Companies They Regulate

Wall Street Journal | AARON LUCCHETTI | Posted 08.20.2011

Read More: Credit Suisse Group AG, Citigroup Inc., Goldman Sachs Group Inc., Barclays Plc, Embeds, Morgan Stanley, Bank of America Corp., J.P. Morgan Chase & Co., Office of the Comptroller of the Currency, Lloyd C. Blankfein, Wall Street Banks, Regulators, Bank of New York Mellon Corp., Federal Reserve Bank of New York, Deutsche Bank AG, UBS AG, Business News

As part of a push to prevent another financial crisis, the Federal Reserve Bank of New York and the Office of the Comptroller of the Currency are incr...

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NY AG Wants Mortgage Records From 3 Major Banks

AP | By MICHAEL GORMLEY | Posted 07.18.2011

Read More: The Wall Street Journal, Goldman Sachs, Morgan Stanley, Wall Street, Eric Schneiderman, Great Recession, The New York Times, Mortgage Crisis, Bank of America, Mortgage Securities Operations, Wall Street Banks, New York Attorney General, Business News

ALBANY, N.Y. -- New York Attorney General Eric Schneiderman is seeking records from three major Wall Street banks as part of a broad investigation int...

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U.S. May Miss Out On China Investment Boom

New York Times | DAVID BARBOZA | Posted 07.04.2011

Read More: Consumer Welfare, Asia Society, Woodrow Wilson Center for International Scholars, Commerce Secretary Gary Locke, Wall Street Banks, Foreign Exchange Reserves, Job Creation, China, Economic Boom, Capital, Business News

SHANGHAI — For three decades, wealthy nations have invested hundreds of billions of dollars in China, helping drive one of the most remarkable econo...

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Banks Want Speed On New Rules, Delay On Implementation

Posted 07.02.2011

Read More: Morgan Stanley, Jpmorgan, Dodd-Frank Reform Law, Mirant Corp, Sec, Wall Street Banks, Regulators, Scott O'malia, Securities and Exchange Commission, Cftc, CME Group, Business News

WASHINGTON (Christopher Doering) - Wall Street banks and major market players will deliver a mixed message to U.S. regulators at a meeting this we...

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William Alden

Goldman Sachs Chief Could Face Criminal Prosecution For Role In Financial Crisis

HuffingtonPost.com | William Alden | Posted 06.14.2011

Read More: Lloyd Blankfein, Goldman Sachs, Senate-Permanent-Subcommittee-on-Investigations, Economic Crisis, Abacus, Business News, Financial Crisis, Wall Street Banks, Short Selling, Carl Levin, Business News

WASHINGTON -- Goldman Sachs executives deceived clients in order to profit off the brewing financial crisis and then misled Congress when asked to exp...

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Big Banks Plan Sneak Attack on Wall Street Reform Law Within Days

Robert Creamer | Posted 05.25.2011

Read More: Duopoly, Wall Street Bonuses, Visa, Wall Street Reform Law, Middle Class, Debit Card Interchange Fees, Dick Durbin, War on the Middle Class, Non Competitive Prices, Wall Street Banks, Bank Lobbyists, Mastercard, Debit Card Swipe Fees, Business News
Robert Creamer

The financial sector does not make anything. Its goal is to take a little piece of every transaction as money flows through its hands, and in the coming days Wall Street will fight to continue this practice in its harshest form.

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Can Harry Be a Hero?

Dean Baker | Posted 05.25.2011

Read More: Wall Street Banks, Budget Deficits, Social Security, Harry Reid, Social Security Reid, Social Security Reform, Business News
Dean Baker

The question is whether Reid will keep up his spirited defense of Social Security or whether he will buckle to the pressure from the financial industry and the Washington insiders.

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It's Beginning to Look a Lot Like Oligarchy

Leo W. Gerard | Posted 05.25.2011

Read More: Gop, Wall Street Bonuses, Tea Party, Mitch McConnell, John Boehner, Bernie Sanders, Cola, Tax Cuts, Wall Street Banks, Tax Cuts for the Rich, Wall Street, Chamber of Commerce, Tax Compromise, Estate Tax, Tiffany?S, Christie?S, Budget Cuts, Business News
Leo W. Gerard

It's beginning to look a lot like Christmas Ev'rywhere you go; Take a look in Tiffany's store, glistening once again With Wall Street bonus trinkets a...

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Jimmy V, Elizabeth, Aretha & The Economics of Cancer

Don McNay | Posted 11.17.2011

Read More: President Obama, Switzerland, Obama, The Fed, Goldman Sachs, John Paul Jones, Lexington Kentucky, V Foundation, War on Cancer, Cancer, National Cancer Institute, Jimmy V, Joe McNay, Caringbridge.org, Deutsche Bank, Wall Street Banks, Credit Suisse, Jim Valvano, Million Dollar Round Table, Personal Finance, Ben Bernanke, Too Big to Fail, Son of a Gambler, Aretha Franklin Cancer, Federal Reserve, Bailout, Elizabeth Edwards Dead, Federal Reserve Board, Business, Keen Babbage, Living, Bernanke, Don McNay, Henry Clay High School, Eastern Kentucky University, North Carolina State Basketball, Jimmy v Week, Espn, ESPY Awards, Healthy Living News
Don McNay

We have become a nation where our leaders can throw billions at places like Goldman Sachs, which does nothing to touch the lives of average Americans, but underfund the war against cancer, which touches almost every family.

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