Wells Fargo has secured a conditional stamp of approval from regulators for its living will. The problems for other giant banks are are complexity and interconnectedness, writes Daniel Indiviglio of Reuters Breakingviews.
The $1.6 trln lender secured a provisional stamp of approval from regulators for its living will. Less credible plans from 11 other titans suggest size isn’t the issue. Wells ranks fourth in assets and first in market cap. The real problems are complexity and interconnectedness.
Virginia made a big mistake four years ago when it failed to end the state’s monopoly on liquor sales, and its residents are going to pay the price for that — again. Opponents of privatization argued that national big-box retailing chains...Show More Summary
China won big at the recently concluded 51st Golden Horse Awards, with Chinese director Lou Ye's drama Blind Massage scooping six wins out of seven nominations and Diao Yinan's Black Coal, Thin Ice winning best art direction. Actor-director...Show More Summary
If there were any doubts that 2014 would go down in history as a turning point for auto safety, last week's Senate Commerce, Science and Transportation Committee hearing on defective air bags erased them. Coming on the heels of the still-expanding investigation into General Motors' faulty...
A long time ago, in a galaxy far, far away, a sci-fi TV show tried to make it big on CBS. It failed, miserably. Starstruck, a Star Wars-inspired sitcom, aired on CBS only once in 1979 before it was inevitably forgotten to the cruel wheels of time. Show More Summary
You just need to get that Big Bus' engines revving....
It's My Way Or My Way Surprise! Iran Talks Fail A Small Man In A Big Office The Case For More Congress In American Foreign Policy Congress Seems Happy To Have Its Powers Usurped It's Not Funny, But At...
The previous episode of the hit sitcom "The Big Bang Theory" Season 8 was by far the "most heartfelt episode" of the season so far. Yet the show still never failed to make its viewers laugh.
In the last few years we have been regularly treated with the phrase TO BIG TO FAIL. That term was used to describe certain types of financial institutions which, IF they failed, would likely wreck such havoc throughout our economy and...Show More Summary
The designation “Too Big to Fail” usually makes us think of large banks, propped up by taxpayer funds during the 2008 financial crisis. But the central questions it raises—When do we have a responsibility to save an institution? And who should be on the hook to save it?—apply beyond the finance industry. Each of us […]
Putting a nice bow on a tipoff marathon that featured more than a few blowouts, Kentucky and its extremely talented front line made a statement against Kansas in a 72-40 beatdown at Bankers Life Fieldhouse in Indianapolis. The statement is that these Wildcats are unstoppable giants. Kansas is a very big, talented team. Show More Summary
I’ve been truly excited to see the return of Universal Monsters to the big screen, especially now that the studio is thinking mega-franchise with them. But then I saw Dracula Untold, which is the first in the new series. It was so bad that I’ve turned against the ambitious plan. If they can’t even get […]
This story originally appeared in the Huffington Post and is republished here as part of the Climate Desk collaboration. TransCanada Corp., the company seeking to build the Keystone XL pipeline, has teamed up with the world's largest...Show More Summary
I've been a big fan of this series for well over two decades and it's always with great pleasure that I return to the Deryni universe. Now 40+ years in the making, Katherine Kurtz's landmark series seldom fails to satisfy longtime fans. Show More Summary
After failing to reach the playoffs for the second year in a row, the New York Yankees are bound to have a busy offseason ahead of them. The hot stove is upon us and players are already starting to fall off big boards and wish lists across Major League Baseball. Show More Summary
There’s using technology to help you figure out where you’re going, and then there’s leaning so heavily on your device that you fail to observe the wrongness of those directions even as you’re blindly following them. Where you’ll end up is anyone’s guess, as one truck driver proved by landing his semi in a public park where it definitely was … [More]
shutterstock Sears Holdings (SHLD) has failed to impress investors as a growth stock in recent years, so now it's exploring a new income-producing corporate structure that could yield big dividends if it pans out. Shares of the parent...Show More Summary
The offseason is always an interesting time for Major League Baseball. With free agents on the market and teams looking to deal for talent that could be on the move, the winter hot-stove season never fails to surprise or entertain. The Baltimore Orioles are a team that could be active this winter. Show More Summary
Looks like Paper mag's big "break the internet" plan was simple: full-frontal Kim Kardashian. (Sadly her naked photos failed to break the internet on previous attempts, but maybe this time will be different.) Anyway, the very NSFW shots are certainly befitting of a Vogue cover model and Kanye is probably very proud. Read more...