As we embark on the seventh year since the historic collapse of the Lehman Bros. investment bank, it's clear we haven't fixed what broke the economy in 2008. Big banks still control Congress. Workers remain acutely vulnerable to another financial crisis. But we can't blame only Wall Street...
The problems just keep piling up for the famed financial-crisis-era bank analyst Meredith Whitney and her hedge fund. In a story published late Tuesday, Bloomberg's Max Abelson reported that a hedge fund connected to Michael Platt'sShow More Summary
Sallie Krawcheck became a big deal while still in her 30s. She was a star analyst who became CEO of independent research firm Sanford Bernstein. Before long, she was CFO of Citigroup. And later, she became a top executive at Bank of America. It wasn't always so. Show More Summary
Unlike that famous bank teller, I’m not “active in the feminist movement,” but I’ve always considered myself a feminist, ever since I heard the term (I don’t know when that was, maybe when I was 10 or so?). It’s no big deal, it probably...Show More Summary
Respectfully submitted by Lawrence E. Rafferty (rafflaw)- Weekend Contributor It should not surprise any of the regular visitors to this blog that I have written many articles detailing the abuses of many of the Big Banks and the resulting fines that they have paid on multiple occasions. When a taxpayer reads about Billion dollar settlements […]
The Cleveland Browns and the Carolina Panthers will fight it out on Sunday in a big game for both teams with still everything to play and with only two games of the regular season to go. Today's game will take place from the Bank of America Stadium in Charlotte, North Carolina and will start at 1 p.m. ET.
``When is a fine not a fine? When it can be put against your tax bill.''
``Banks added to their wins in Washington this month by getting a reprieve from the Volcker Rule that will let them hold onto billions of dollars in private-equity and hedge-fund investments for at least two more years.''
How has Wells Fargo been able to survive and thrive over the past decade? Here are seven factors that contributed to its success.
Goldman names John E. Waldron co-head of its investment bank. | Regulators deem MetLife "too big to fail." | Another big whistle-blower reward in Bank of America case. | London tenants win battle over U.S. equity firm.
It wasn’t quick or easy for the Justice Department to wring giant settlements from Bank of America Corp., J.P. Morgan Chase & Co. and Citigroup Inc. over alleged wrongdoing leading up to the financial crisis, as reported in a page-one article in The Wall Street Journal. Here are some of the things that made a big difference.
The Federal Reserve Board on Thursday extended by two years the time that big banks have to comply with a new rule that requires them to dispose of investments in hedge funds, private equity firms and other risky operations.
WASHINGTON (Reuters) - The United States closed out its last big investment taken on during a 2008 bailout of U.S. banks and automakers, selling its remaining shares in the former financing arm of General Motors, the U.S. Treasury said on Friday. Show More Summary
Post by Kiri Blakeley. When a British college student found herself wandering around the streets penniless and alone due to losing her bank card, she found help from a most unlikely source -- and now she's making a huge difference in that person's life. Show More Summary
To the editor: In response to a letter from California Bankers Assn. chief Rodney Brown about my concern with Congress repealing an important financial reform, it should escape no one that the public is still on the hook when the largest banks face their next financial crisis. ("How easing...
On Wednesday, the Federal Reserve made its final policy announcement of the year. In a note to clients following the Fed meeting, Bank of America Merrill Lynch Hans Mikkelsen has a simple breakdown of the seven things we know after Wednesday's big meeting: 15 of 17 FOMC members expect an initial rate hike in 2015. Show More Summary
ZURICH (Reuters) - Credit Suisse said on Thursday it currently has no plans to levy negative interest rates on savings accounts, after Switzerland's central bank said it would introduce negative rates on big commercial bank deposits....Show More Summary
These banks made a lot of money from questionable commodities deals, but their activities could hurt both the financial system and the economy as a whole.
As we've noted recently, a series of Supreme Court decisions over the past decade, culminating in the big Alice v. CLS Bank ruling in July, has clearly put a serious crimp on the patent trolling business. Vague, broad, dangerous patents...Show More Summary
Off Trouble’s new album, All On Me, which is out now. Previously: Trouble – Real (Video)