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Shahien Nasiripour

Nation's 4 Biggest Banks Cut Business Lending By $100 Billion Since April

HuffingtonPost.com | Shahien Nasiripour | Posted 12.16.2009 | Business

Read More: Small Business Loans, Tarp, Wall Street Bailout, Small Business, Wells Fargo, Bank of America, Small Business Lending, JPMorgan Chase, Bank Lending, Bailout, Citibank, Financial Crisis, Banks, Citigroup, Business News

While the administration and Congress work to increase bank lending, the nation's four biggest banks have collectively cut their loans to businesses b...

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Fannie, Freddie, Forgotten In Reform Bills, May Ask Government For MORE Money

Huffington Post | Ryan McCarthy | Posted 12.16.2009 | Business

Read More: Mortgage Market, Tarp, Government Sponsored Entity, Wells Fargo, Federal Reserve, Gse, Fannie Mae, Mortgages, Freddie Mac, Fannie Freddie, Fannie Freddie Bailout, John Carney, Ben Bernanke, Citigroup, Business News

Those who assumed that the recent round of TARP repayments by Citigroup and Wells Fargo signaled an end to the bailout era may want to think again. ...

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Bailout Payback: Wells Fargo, Citigroup Repay $45 Billion In TARP Funds

AP | Posted 12.15.2009 | Business

Read More: Tarp, Bailout, Bank Bailout, Wells Fargo, Citi, Citigroup, Banks, Payment, TARP Repayment, Repayment, Business News

SAN FRANCISCO — Wells Fargo plans to sell $10.4 billion in new stock to help repay all $25 billion in bailout aid it received from the governmen...

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Arthur Delaney

Credit Card Abuses Won't Stop After Reform Takes Effect: Report

HuffingtonPost.com | Arthur Delaney | Posted 12.11.2009 | Business

Read More: Credit Card Reform, Credit Cards, Center for Responsible Lending, Discover, Bank of America, JPMorgan Chase, Credit Crunch, Wells Fargo, Business News

Next February, the credit card reforms signed into law by President Obama earlier this year will finally take effect. Goodbye arbitrary rate hikes. He...

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Citigroup, Wells Fargo Clash With Government Over TARP Repayment

AP | STEVENSON JACOBS and DANIEL WAGNER | Posted 12.08.2009 | Business

Read More: Tarp, Citi, TARP Repayments, Bailout, Troubled Asset Relief Program, Wells Fargo, $C, Citibank, Banks, Citigroup, Business News

NEW YORK — Citigroup Inc. and Wells Fargo & Co. are seeking to repay billions in federal bailout aid but so far haven't received permission from...

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Fed Said to Ask Stress-Tested Banks to Submit TARP Repayment Plans

Bloomberg | By Scott Lanman and Craig Torres | Posted 11.24.2009 | Business

Read More: Tarp, Geithner, Repayment Plan, Stress Tests, Goldman Sachs, Bank of America, Paulson, Timeline, Regions Financial, Gmac, Wells Fargo, Fdic, Failed Banks, Toxic Asset Relief Plan, Fed, TARP Repayment, Treasury, Banks, Financial Crisis, Citigroup, Business News

The Federal Reserve asked nine of the U.S. banks that were part of this year's stress tests to submit plans for repaying the government's capital inje...

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Shahien Nasiripour

Geithner Singled Out In TARP Watchdog Neil Barofsky's Scathing Report On AIG Bailout

HuffingtonPost.com | Shahien Nasiripour | Posted 11.17.2009 | Business

Read More: Tarp, Wells Fargo, Troubled Asset Relief Program, Bank of America, Federal Reserve, Neil Barofsky, Aig, American International Group, Federal Reserve Bank of New York, Merrill Lynch, Goldman Sachs, Bailout, Tim Geithner, Financial Crisis, Wachovia, Sigtarp, Business News

A brutal report issued Monday by a government watchdog holds Timothy Geithner -- then the head of the Federal Reserve Bank of New York and now the nat...

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Banks' 2008 Stock Options Turning Out To Be Most Lucrative Payouts Ever

The New York Times | LOUISE STORY | Posted 11.08.2009 | Business

Read More: Recovery, Goldman Sachs, Bank of America, Economy, Lloyd Blankfein, Obama, Compensation, Tim Geithner, Wells Fargo, White House, American Express, Finance, Treasury, JPMorgan Chase, Banks, Capital One, Ken Feinberg, Wall Street, Kenneth Feinberg, Wall Street Bonuses, Executive Pay, Citigroup, Business News

Banks cut bonuses last year and shifted more pay into stock and options from cash, a tactic that lawmakers supported for its emphasis on long-term per...

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Goldman Sachs Profiting From Low Interest Rates, But Earnings Are "Unsustainable": Felix Salmon

Felix Salmon | Posted 11.06.2009 | Business

Read More: Interest Rates, Larry Summers, Goldman Sachs, Felix Salmon, Wells Fargo, Business News

To put these numbers into perspective, a savings of 2.43 percentage points in one quarter amounts to $1.2 billion in saved interest costs on $203 bill...

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A Systemic Risk Regulator and a Compensation Tsar? Larry Summers and Ben Bernanke Must Be Kidding

David Paul | Posted 11.03.2009 | Business

Read More: Tarp, Fdic, Wells Fargo, Bank of America, Larry Summers, Brooksley Born, Goldman Sachs, JP Morgan, Morgan Stanley, Bailout, Hedge Funds, CFTC Derivatives, Banking Crisis, Financial Crisis, Ben Bernanke, Timothy Geithner, Wall Street Bonuses, Citigroup, Glass-Steagall, Paul Volcker, Business News
David Paul

With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.

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Showdown in Chicago: Creating a "Which Side Are You On" Moment

George Goehl | Posted 10.22.2009 | Business

Read More: JP Morgan Chase, Democratic Congress, Bail Out, Wall Street Crisis, Goldman Sachs Bonuses, Showdown in Chicago, Financial Reform, Wells Fargo, Chicago, Economic Crisis, Bank of America, Financial Crisis, Obama Administration, Banks, Citigroup, Business News
George Goehl

Until our elected officials know there is a price to pay for siding with big money over everyday people, the average American will continue be on the losing end.

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Senate Bill Would Restrict Banks Overdraft Charges

New York Times | ANDREW MARTIN | Posted 10.20.2009 | Politics

Read More: Law, Chase, New Law, Legislation, Wells Fargo, Christopher Dodd, Bill, Bank of America, Bofa, Citibank, Banks, Dodd, Overdraft Charge, Overdraft Fee, Senate, Politics News

In the latest attack on overdraft fees charged by banks, Christopher J. Dodd, the Connecticut Democrat who heads the Senate Banking Committee, introdu...

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Dodd's Bill Protects Customers From Abusive Overdraft Fees

Mary Ann West | Posted 10.22.2009 | Business

Read More: JP Morgan Chase, Carolyn Maloney, Checking Account, Maximize Penalties, The Fairness and Accountability in Receiving (FAIR) Overdraft Coverage Act, Wells Fargo, Bank of America, Chris Dodd, Overdraft Protection, Overdraft Coverage Act of 2009, Stamford, Connecticut, Senate Committee on Banking, Overdraft Fees, Housing, Ben Bernanke, Customer Protection, Mario Livieri, Business News
Mary Ann West

Ninety percent of bank overdraft fees happen to only ten percent of checking account holders, comprising those people who are also the most vulnerable.

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Shahien Nasiripour

One Company Responsible For Nearly Half Of All Permanent Mortgage Modifications

HuffingtonPost.com | Shahien Nasiripour | Posted 10.13.2009 | Business

Read More: Elizabeth Warren, Making Home Affordable, Mortgage Servicers, Wells Fargo, Ocwen, Bank of America, Barack Obama, JPMorgan Chase, Mortgages, Loan Modifications, Subprime Mortgages, Bailout Bandits, Bailout, Bailout Watchdog, Financial Crisis, Congressional Oversight Panel, Business News

Nearly half of the permanent home loan modifications under the government's plan to help troubled borrowers come from a single company that handles le...

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Leading With Love: Giving to Your People Gets Results

John Hope Bryant | Posted 10.11.2009 | Living

Read More: Leadership, Bill Clinton, Oprah Winfrey, Wells Fargo, Warren Buffett, Jimmy Carter, Bill Gates, Quincy Jones, Ted Turner, Living News
John Hope Bryant

Why not give? Easy. Fear, and fear is the ultimate prosperity killer -- you will never go wrong, doing right. And do right long enough and it will pay dividends that builds wealth, too.

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Wells Fargo Credit-Card Rates To Rise Ahead of Law

bloomberg.com | Peter Eichenbaum | Posted 10.07.2009 | Business

Read More: Credit Card Rates, Credit Cards, Credit, Wells Fargo, Barney Frank, Business News

Oct. 7 (Bloomberg) -- Wells Fargo & Co. plans to raise interest rates on a majority of credit-card customers by 3 percentage points before new rules l...

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TARP Watchdog's Report: Treasury Misled Public On Bailouts

AP | MARTIN CRUTSINGER | Posted 10.05.2009 | Business

Read More: JP Morgan Chase, Tarp, Inspector General, Treasury Department, Geithner, Hank Paulson, Troubled Assets Relief Program, TARP Watchdog, Wells Fargo, Bailouts, Bank of America, Merrill Lynch, Wall Street, Finance, Barofsky, Neil M. Barofsky, Banks, Watchdog, Henry Paulson, Report, Timothy Geithner, Wachovia, Citigroup, Business News

WASHINGTON — The credibility of the government's $700 billion financial rescue program was damaged by claims a year ago that all of the initial bank...

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Shahien Nasiripour

TARP Anniversary: By The Numbers

HuffingtonPost.com | Shahien Nasiripour | Posted 12.02.2009 | Business

Read More: Tarp, Goldman Sachs, Bailout, Bailout Anniversary, Wells Fargo, Bank of America, Banks, Financial Crisis, Aig, TARP Anniversary, Citigroup, Business News

In recognition of TARP's one-year anniversary, we're putting up some quick numbers for the HuffPost community to digest. The Emergency Economic Sta...

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10 Enormous Bailouts From The Financial Crisis: Who's The Least Deserving? (PHOTOS, POLL)

Posted 12.02.2009 | Business

Read More: Tarp, Goldman Sachs, Chrysler, Bailout, Wells Fargo, Slidepoll, Bank of America, Aig, Banks, Citigroup, Business News

Nearly a year has passed since Congress and former President Bush gave the Treasury Department the authority to distribute hundreds of billions of tax...

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Marcus Baram

Wells Fargo Accused Of Pocketing The Difference When Customers Make ATM Math Errors

HuffingtonPost.com | Marcus Baram | Posted 12.01.2009 | Business

Read More: Brandi McLay, Wells Fargo ATM Deposits, Wells Fargo Lawsuit, Wells Fargo ATM, Wells Fargo, Business News

Three of the biggest banks in the country -- Wells Fargo, Bank of America, Chase -- all touted their decisions last week to reduce overdraft fees amid...

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401(k) Investing: 8 Zombie Stocks To Avoid

BloggingStocks | Michael Shulman | Posted 11.28.2009 | Business

Read More: 401(K), Investing, JPMorgan Chase, Freddie Mac, Zombie Stocks, General Motors, Wells Fargo, Bank of America, Fannie Mae, Aig, Zombie Banks, Ford, Citigroup, Business News

Right now there are few things scarier than the post-market report on CNBC. It's almost like watching a horror movie. And I've got some zombie stoc...

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Acorn Loses Bank Of America As Corporate Partner

Wall Street Journal | JAMES R. HAGERTY | Posted 11.27.2009 | Politics

Read More: JP Morgan Chase, Ethics Training, Foreclosure-Prevention, Banks, Acorn Housing, Lending, Wells Fargo, Michael Shea, Undercover Tapes, Tax Evasion, Census, Bank of America, Prostitution, Acorn, Foreclosure, Community Organizing, Politics News

Already facing the loss of federal government funding, the community-organizing group Acorn also has run afoul of one of its big corporate partners, B...

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Fed Held Back As Evidence Mounted On Subprime Loan Abuses

Washington Post | Binyamin Appelbaum | Posted 11.26.2009 | Business

Read More: Banks, Foreclosure, Bank Affiliates, Chicago, Regulate, Wells Fargo, Lending, Ben Bernanke, Alan Greenspan, Subprime Mortgages, Regulation, Business News

Under a policy quietly formalized in 1998, the Fed refused to police lenders' compliance with federal laws protecting borrowers, despite repeated urgi...

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Add NSF Fees to the List of Commercial Banking Reforms

J. Richard Stevens | Posted 11.24.2009 | Business

Read More: Bank of America, Overdraft Fees, Banks, Wells Fargo, Business News
J. Richard Stevens

Anyone who runs a month-to-month family budget knows that in recent years many commercial banks have slowly adjusted account policies in ways that increase their revenue from fees.

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ReThink Review: American Casino -- Gambling on Timebomb Loans

Jonathan Kim | Posted 11.20.2009 | Entertainment

Read More: Subprime Crisis, Wells Fargo, Cenk Uygur, Rethink Reviews, American Casino, Credit Default Swaps, Jonathan Kim, Housing Crisis, Movie Reviews, Jonathan Kim Movie Reviews, Subprime Mortgages, Subprime Mortgage Crisis, Reverse Redlining, The Young Turks, Alan Greenspan, Subprime Loans, Entertainment News
Jonathan Kim

When you hear terms that sound very technical like "credit default swap" and "reverse redlining", it's easy for part of your brain to shut off. I was guilty of this myself.

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