iOS app Android app

Wall Street Profits

Bank Profits Down Because Of Unnamed Institution's Legal Costs

AP | MARTIN CRUTSINGER | Posted 11.26.2013 | Business

WASHINGTON (AP) — U.S. banks earned less in the July-September quarter than they did a year earlier, marking the first year-over-year decline in ear...

New York Official Warns Wall Street Profits May Slow

AP | MICHAEL VIRTANEN | Posted 10.22.2013 | Business

ALBANY, N.Y. -- ALBANY, N.Y. (AP) — Though Wall Street recorded $10.1 billion in profits for the first half of 2013, New York's comptroller said Tue...

Bank Profits Hit Record High

AP/HuffPost | Posted 10.29.2013 | Business

WASHINGTON -- U.S. banks earned more from April through June than during any quarter on record, aided by a steep drop in losses from bad loans. The...

While You Were Sleeping

Richard C. Leone | Posted 05.01.2013 | Business
Richard C. Leone

While there have always been wide fluctuations in the markets -- booms and busts -- what is novel has been the system of financial rewards for key participants that evolved during the late 20th century.

Banks Are Too Big To Succeed

The Huffington Post | Mark Gongloff | Posted 10.11.2012 | Business

Thing One: Too Big To Succeed: Instead of cursing the too-big-to-fail banks like we do, maybe it's time we tried to sympathize with them. We're not...

Mark Gongloff

Risky Business Pays Off For Wall Street

HuffingtonPost.com | Mark Gongloff | Posted 09.06.2012 | Business

To listen to bankers tell it, President Barack Obama has been their worst nightmare. But considering how easy banks have actually had it since the fin...

A Financial Dissident Movement?

Lydia Fisher | Posted 05.20.2012 | Business
Lydia Fisher

Challenging the establishment is as old as history. Sometimes going out directly to the public is the avenue needed to have one's voice truly heard. When leaders and governments fail to address justice, people mobilize.

Banks Rake In Huge Profits, Don't Share Them

The Huffington Post | Jillian Berman | Posted 02.28.2012 | Business

Wall Street just scrimped, saved and cut its way back to pre-recession levels of profit. Bank profits jumped to a five-year high in 2011, according...

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...

Regulators Have Missed Three-Fourths Of Dodd-Frank Deadlines So Far

The Huffington Post | Alexander Eichler | Posted 01.04.2012 | Business

When the Dodd-Frank financial reform law became official in 2010, supporters hoped it would herald in a new era of sobriety and transparency for the f...

Wall Street's Reduced Profitability Shows Regulations Are Working

The New York Times | Posted 12.28.2011 | Business

Wall Street reported nearly $3 billion in losses in the third quarter of 2011, reducing profits through September to $9.6 billion, which was well belo...

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...

Occupy Wall Street: Is Something Happening Here?

Dr. Jerry Webman | Posted 01.07.2012 | Business
Dr. Jerry Webman

The point here is that the issue should be debated with an open mind. As Still's song reminds us, "Nobody's right if everybody's wrong."

Ex-Fed Chairman: Government Should Stop Financing Mortgages

Posted 12.24.2011 | Business

Former Federal Reserve Chairman Paul Volcker is advocating for regulatory control over the money-market mutual fund industry and believes the gove...

Wall Street Rebounds Just In Time For Debt Deal

Reuters | Ashley Lau | Posted 09.18.2011 | Business

NEW YORK (Reuters) - Wall Street rebounded on Tuesday, bolstered by strong corporate results and renewed hope for an agreement in Washington that ...

Wall Street Finishes Best Week In Two Years With A Bang

Posted 09.01.2011 | Business

NEW YORK (Ryan Vlastelica) - Stocks started July with a bang on Friday with Wall Street scoring its best week in two years on strong manufacturing...

Shahien Nasiripour

JPMorgan Chase Profit Surges 67 Percent As Lending Slows And Pay Jumps

HuffingtonPost.com | Shahien Nasiripour | Posted 06.13.2011 | Business

JPMorgan Chase, the nation's second-biggest bank by assets, exceeded Wall Street's expectations Wednesday, reporting surging profits and higher employ...

Why Wall Street's Euphoric Birthday Has Almost Nothing to Do with a Buoyant Economy

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

In theory an extraordinary bull market should be making Americans feel far wealthier than they felt two years ago. But in reality, the vast majority of Americans don't feel wealthier because they hold few if any shares of stock.

Income Inequality: 8 Charts On The Divide Between Rich & Poor

Mother Jones | Posted 05.25.2011 | Business

A huge share of the nation's economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 m...

Shahien Nasiripour

JPMorgan Chase Profit Skyrockets In 4Q

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

JPMorgan Chase, the nation's second-biggest bank by assets, beat estimates in reporting $4.8 billion in income last quarter, a 47 percent jump, as the...

Wall Street Dodged Financial Regulation, Says Banking Exec

The New York Observer | Max Abelson | Posted 05.25.2011 | Business

I asked him about how seriously Wall Street takes the upcoming financial regulation. "It's taken seriously only how it could impact profits, not taken...

JPMorgan 1Q Earnings 2010: Bank Pulls In $3.3B On Trading Gains

AP | STEVENSON JACOBS | Posted 05.25.2011 | Business

NEW YORK — JPMorgan Chase & Co. reported a $3.3 billion first-quarter profit on big gains in the financial markets even as the Obama administrat...

Wall Street Profits On Pace For Record, Industry Recovering 'Faster Than Expected'

Posted 05.25.2011 | Business

It took Wall Street just one year to make its way back to record profits. According to a report released Tuesday by the comptroller of New York State...

Soros: Wall Street's Profits Are "Gifts" From The Government

Reuters | Posted 05.25.2011 | Business

Billionaire investor George Soros said U.S. taxpayers were entitled to resent bankers' bonuses because their profits were funded by government bailout...

Wall Street Profits Soar To $50B, Bonuses To Rise Up To 40 Percent

Huffington Post | Marcus Baram | Posted 05.25.2011 | Business

In a clear sign of Wall Street's rebound, investment firms are producing record profits this year and the average bonus could rise as much as 40 perce...