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Big Banks

Loyalty and Responsibility

William B. Bradshaw | Posted 05.31.2014 | Politics
William B. Bradshaw

We hear so much these day about banks and companies that have become so large they are unable to manage themselves -- that there are so many layers of bureaucracy that illegal and unethical behavior can go undetected for years.

Our Fraudulent Two-Tiered Justice System

Carl Gibson | Posted 05.29.2014 | Politics
Carl Gibson

We're all familiar with the golden rule, right? I'm not talking about the "do unto others" bit from The Bible, but the "He who has the gold makes the ...

Shocker: 3 Banks Accused Of Rigging

AP | Posted 05.20.2014 | Business

AMSTERDAM (AP) — European Union regulators on Tuesday charged banks JPMorgan, HSBC and Credit Agricole with colluding to manipulate the price of fin...

Report: Big Bank Expected To Plead Guilty To End Tax-Evasion Probe

Reuters | Posted 05.15.2014 | Business

(Reuters) - Credit Suisse Group AG is expected to plead guilty and pay nearly $2.5 billion to U.S. authorities to end a probe of potential tax evasion...

Tim Geithner and the Wall Street Bailout Redux

Robert Reich | Posted 05.14.2014 | Business
Robert Reich

Timothy Geithner's new book about the financial crisis, Stress Test, is basically an argument that the Wall Street bailout succeeded. That's hardly surprising, given that Geithner was in charge of the bailout when Treasury Secretary, and so has an inherit interest in telling the public it succeeded.

Democratic Former Lawmaker Disapproves Of The Party's Relationship With Citigroup

The Huffington Post | Christine Conetta | Posted 04.30.2014 | Politics

Former Rep. Brad Miller (D-N.C.) disapproves of the revolving-door relationship Capitol Hill Democrats have with Wall Street banks, such as Citigroup....

U.S. Close To Bringing Criminal Charges Against Big Banks

The New York Times | Posted 04.29.2014 | Politics

Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a developmen...

Small Business Lending Plummets as Loans to Big Business Soar

Stacy Mitchell | Posted 06.24.2014 | Small Business
Stacy Mitchell

Studies show locally owned businesses are a primary source of net new job creation. Yet independent businesses in many sectors are losing market share, while the number of new startups has steadily fallen over the last two decades.  Insufficient capital is a key culprit driving these trends.

Fed Study Reveals Large Advantage Of Too Big To Fail

Reuters | Posted 03.25.2014 | Business

(Adds Fed's Fisher, bank group comment) By Emily Stephenson and Jonathan Spicer NEW YORK, March 25 (Reuters) - A landmark study by Federal Reser...

Choking Off Access to Credit

Javier Palomarez | Posted 05.25.2014 | Business
Javier Palomarez

Those already squeezed may soon feel choked as a new, coordinated effort among the U.S. Department of Justice and federal banking agencies threatens to further restrict access to credit.

You're the Customer. Why Do They Think You Work for Them?

Martha Rogers | Posted 05.20.2014 | Business
Martha Rogers

My husband is a television guy, so we have screens everywhere. Everything works fine, except the kitchen TV. "Hello," I say to the cable company. "Me ...

10 Tips for Fighting the Uphill Business Loan Battle

Tom Lowery | Posted 05.06.2014 | Small Business
Tom Lowery

With such a low percent of net interest margin, the best possible outcome on a loan for these money making lenders is to get paid back all of its principal and make a small spread on the interest.

Bank Of America CEO Gets Huge Pay Boost

Reuters | Posted 04.21.2014 | Business

By Peter Rudegeair Feb 19 (Reuters) - Bank of America Corp Chief Executive Brian Moynihan received a 17 percent pay ra...

Obama Trade Officials Received Hefty Bonuses From Big Banks

Republic Report | Lee Fang | Posted 02.18.2014 | Politics

Officials tapped by the Obama administration to lead the Trans-Pacific Partnership trade negotiations have received multimillion dollar bonuses from C...

Innovation In Financial Services-Oxymoron? Future Tech Lessons Learned From The Asian Financial Forum

April Rudin | Posted 04.09.2014 | Technology
April Rudin

Today, there is extra urgency behind the need for a shift toward innovation: many new financial services competitors that are small, nimble and on the cutting edge of technology entered the market right after the financial crisis, when established firms were busy licking their wounds. The old guard is going to need to stay on top of innovation just to keep up with the new guard.

In time for the Super Bowl, Big Brother is Back: Now it's the Big Banks

Andrei Cherny | Posted 04.02.2014 | Business
Andrei Cherny

Thirty years ago, what Apple announced it was going to do was democratize computing. Back then, the idea of a computer that was personalized to people -- with a mouse and graphics and a warm experience for the user -- was revolutionary.

Holder: No Banks Are Too Big To Jail

Reuters | Posted 01.24.2014 | Business

WASHINGTON (Reuters) - No American financial institution is too large to indict and no bank executive immune from criminal prosecution, Attorney Gener...

Sheila Bair Calls Citigroup The 'Worst Bank'

The Huffington Post | Christine Conetta | Posted 01.23.2014 | Politics

When asked point blank, Sheila Bair has no problem exposing the banks responsible for the 2008 financial crisis. The former FDIC chair was quickly ...

What's Crippling the Recovery, Lack of Investment Demand or Too-Big-to-Lend Banks?

Mary Manning Cleveland | Posted 03.23.2014 | Business
Mary Manning Cleveland

Under incoming Federal Reserve Chair Janet Yellen, the United States Federal Reserve Bank will begin to "taper" its program of "Quantitative Easing" o...

Los Angeles Considers Cutting Ties With JP Morgan

AP | MICHAEL R. BLOOD | Posted 01.25.2014 | Los Angeles

LOS ANGELES (AP) — A Los Angeles councilman proposed Wednesday that the nation's second-largest city consider ending tens of millions of dollars of ...

Will 2014 Really Be a 'New' New Year?

Chris Komisarjevsky | Posted 03.04.2014 | Healthy Living
Chris Komisarjevsky

Tradition has it that January is the time to think back on what we have done and look forward to what we will do. As 2014 now gets underway, the focus is on our resolve to change, all with the intention of doing even better this year than last.

Judge Challenges Bankrupt Detroit's Secretive Deal With Banks

The Huffington Post | Ashley Woods | Posted 01.23.2014 | Business

The federal judge overseeing Detroit's historic bankruptcy abruptly halted a trial Wednesday, ordering the city to renegotiate a proposed settlement w...

Problems With Obamacare Don't Prove Private Sector Superiority

Dale Hansen | Posted 02.15.2014 | Politics
Dale Hansen

There are plenty of things not to like about the ACA but many in the media have taken this as an opportunity to push as common conservative platitude -- anything the public sector can do, the private sector can do better.

Remember When Jimmy McMillan Said 'The Rent Is Too Damn High' In 2010? Well, Now It's Higher.

Christine Conetta | Posted 12.11.2013 | Politics

Jimmy McMillan, former gubernatorial candidate for New York state and founder of "The Rent is Too Damn High'' party, had a big "I told you so" in resp...

Shahien Nasiripour

Volcker Rule Finalized With Wall Street Responsible For Judging Compliance

HuffingtonPost.com | Shahien Nasiripour | Posted 01.25.2014 | Politics

Big Wall Street banks face an uneasy future after U.S. regulators on Tuesday finalized the Volcker Rule, a measure that attempts to curtail big bets o...