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Displaying all articles tagged:
Banks
the economy
Apr. 3, 2023
How Fallout From SVB Is Increasing the Risk of a Recession
As midsize banks bleed deposits, consumers and businesses will suddenly find credit hard to come by.
By
Eric Levitz
the money game
Mar. 31, 2023
The Meltdown of a Gay Bank
What went wrong when an LGBTQ+ start-up set out to disrupt finance.
By
Jen Wieczner
the money game
Mar. 15, 2023
Barney Frank Talks More About the Surprise Shuttering of Signature Bank
“I was sort of vindicated — they have not argued that we were insolvent,” says the author of the Dodd-Frank Act.
By
Jen Wieczner
democratic primaries
Sept. 7, 2018
In Delaware, It’s the Year of White Male Centrist Career Politician Tom Carper
A lot of observers smelled an upset brewing in Delaware, but Sen. Tom Carper overwhelmed his progressive challenger with money and a personal touch.
By
Ed Kilgore
2008
Aug. 5, 2018
We Are Still Living in the Ruins of the 2008 Crash
Ten years after Wall Street’s doomsday, how the financial meltdown broke the modern world and left us living in this one.
Mar. 11, 2018
The Democratic Party Is Moving Left – Except When You’re Not Looking
Senate Democrats’ support for an indefensible bank bill shows that when public interest is low, Wall Street can still run Team Blue’s show.
By
Eric Levitz
Mar. 6, 2018
Democrats to Gut Banking Regulations, for Bipartisanship’s Sake
In the Senate, lawmakers put aside their differences, and work together to help banks abuse consumers and jeopardize our financial system.
By
Eric Levitz
crimes and misdemeanors
Oct. 20, 2016
California Attorney General Begins Wells Fargo Criminal Probe
The bank is being investigated for criminal identity theft.
By
Charley Lanyon
fraud
Sept. 9, 2016
Why It’s Unlikely Anyone Will Go to Jail Over Wells Fargo’s Massive Fraud Scheme
The Department of Justice has established a pattern on this sort of thing.
By
Jesse Singal
July 21, 2016
Clinton VP Favorite Just Gave the Left Two More Reasons to Distrust Him
On Monday, Virginia senator Tim Kaine signed on to two letters calling on the federal government to scale back regulations on community and regional banks.
By
Eric Levitz
July 18, 2016
GOP Platform to Call for Breaking Up the Big Banks, Trump Campaign Says
Trump campaign manager Paul Manafort derides Hillary Clinton as a Wall Street lackey and says the GOP platform will call for reinstating Glass-Steagall.
By
Eric Levitz
Feb. 5, 2016
Citi: The Global Economy Is Trapped in a ‘Death Spiral’
The bank predicts a coming “Oilmageddon” if policymakers don’t change course.
By
Eric Levitz
money
Sept. 29, 2014
The Average Out-of-Network ATM Fee Is Now $4.35
Absurd.
By
Katie Zavadski
June 14, 2013
Bank Claims Georgia Woman Somehow Owes It
$300 Million
She … doesn’t.
By
Dan Amira
racism
July 22, 2012
Lawsuits Allege Racism at Bank of America and Cantor Fitzgerald
Allegations include the use of “monkey noises.”
By
Andre Tartar
Mar. 8, 2012
Brian Moynihan Slickly Ignores Bra-Baring Hecklers at Banking Talk
“As I said,” the BofA CEO deadpanned, and the crowd went wild.
money
Dec. 19, 2011
Free ATMs Could Take Over NYC
Fees would be replaced by ads.
By
Joe Coscarelli
money
Nov. 14, 2011
Bank Fees Are Hiding Everywhere
They have to earn money somehow.
By
Joe Coscarelli
fannie and freddie
Sept. 2, 2011
After Three Years, U.S. Getting Around to Suing Some Banks [Updated]
Bank of America, JPMorgan, Goldman, Deutsche, etc.
By
Caroline Bankoff
and
Chadwick Matlin
bank of america
Aug. 19, 2011
Bank of America CEO Warns of Layoffs
And there could be more to come.
By
Caroline Bankoff
what? nothing happened
July 7, 2011
JPMorgan Chase Settles Bond-Rigging Case for $228 Million
What? Nothing happened.
By
Chris Rovzar
made-off
June 7, 2011
HSBC Settles for $62.5 Million in Madoff Suit, Won’t Admit Wrongdoing
The bank will pony up cash to Madoff’s victims but won’t admit that it knew what it probably should have known.
By
Chris Rovzar
moody moody’s
June 3, 2011
Moody’s to Congress: No, Seriously, Raise the Debt Ceiling
Or we’ll lower your credit rating!
By
Chris Rovzar
white men with money
Apr. 8, 2011
Jamie Dimon Is Now the Highest-Paid Bank CEO in America
He got a 51 percent raise last year to take home $23 million.
By
Nitasha Tiku
sticking up for the not-so-little guy
Mar. 31, 2011
Jamie Dimon Thinks the SEC Should Slow Its Roll Before It ‘Damages America’
Actually they’re doing just fine.
By
Nitasha Tiku
white men who are passive aggressive about their desire to be in politics
Feb. 4, 2011
Jamie Dimon’s House Is in Order, He Can’t Say the Same for Everyone Else’s
“I’m not as worried about JPMorgan as I am about our industry and our country,” the CEO says.
By
Jessica Pressler
loose lips
Jan. 17, 2011
WikiLeaks Gets Handed Secrets on Thousands of Swiss Bank Accounts
Lots more secrets!
By
Chris Rovzar
citigroup
Dec. 6, 2010
U.S. Treasury Will Sell Remaining Citigroup Shares
Citi doesn’t need us anymore.
By
Stephanie Vallejo
immortal icons
Nov. 24, 2010
Bruce Willis Promises the People of Moscow He Will Never Drop Dead
The ‘Die Hard’ star becomes the face of a Russian bank.
By
Jessica Pressler
money talks
Nov. 4, 2010
Big Banks Don’t Pay Like They Used To
Unless you include Bank of America.
By
Avi Zenilman
housing
Oct. 20, 2010
The Government Is Not Happy With the Banks and Their Third-Quarter Profits
The New York Fed tells the banks to take back their crappy mortgages, while the White House finishes one big investigation and starts another.
By
Avi Zenilman
wall street
Oct. 18, 2010
Bank of America Says Bank of America Does Not Make Mistakes
After reviewing over 100,000 documents, it “insisted that it had not found a single example where a foreclosure proceeding was brought in error.”
By
Avi Zenilman
fi-cri fallout
Oct. 18, 2010
There’s a Difference Between a Ponzi Scheme and a Bank Scheme
A JPMorgan executive explains.
By
Jessica Pressler
wall street
Oct. 14, 2010
Wake Up and Smell the Foreclosure Crisis
Bank stocks plunge after investors (belatedly?) realize the housing market might be royally screwed.
By
Avi Zenilman
training day
Sept. 23, 2010
Banker Boot Camp Trains Wall Street’s Next Generation
Attendees at a “Training the Street” workshop race to complete spreadsheets and price Hermès.
By
Kevin Roose
crime and punishment
Sept. 12, 2010
Queens Bank Robbers Make It Easy for Cops
They left their wigs and sunglasses in the car.
By
Avi Zenilman
horror shows
Aug. 30, 2010
Barclays Executives Found Going Through Lehman’s Books to Be a Bloodcurdling Experience
“Lehman’s books were in such a mess that I don’t think they knew where they were.”
By
Jessica Pressler
the federal reserve
July 20, 2010
Columbia President Lee Bollinger to Run New York Fed
He’ll start January 1.
By
Chris Rovzar
real talk
July 13, 2010
Bankers Accept That They Will ‘Never Be Loved’
Just pay them and they’ll be happy.
By
Jessica Pressler
slouching toward reform
June 29, 2010
Banks May Beat Congress Into Repealing $19 Billion Tax
Thanks, Scott Brown.
By
Jessica Pressler
fi-cri fallout
June 28, 2010
Banks Back in Control of the Situation
For the financial industry, things are finally starting to get back to normal.
By
Jessica Pressler
feuds
June 23, 2010
Jamie Dimon vs. John Varley: ‘Two Big-time Bankers in a Very Big Dispute’
CEOs haggle over billions.
By
Jessica Pressler
the greatest depression
June 10, 2010
Florida Scofflaws: We Were Taken Advantage of by Elitist New York Paper
Foreclosed-upon Florida homeowners object to their characterization of themselves.
By
Jessica Pressler
fi-cri fallout
June 7, 2010
Bank of America Pays $108 Million Fine for Troublemaking Countrywide
Add it to their tab.
By
Jessica Pressler
the greatest depression
June 7, 2010
Chamillionaire Is Latest Victim of Down Housing Market
Rapper says his $2 chamillion house is now worthless.
By
Jessica Pressler
the greatest depression
June 1, 2010
Homeowners Who Refuse to Pay Mortgages May Be First Genuine Heroes of the Recession
Some homeowners are opting to put their money into the economy instead of giving it back to the banks.
By
Jessica Pressler
finance fiction
May 20, 2010
President Obama Has Party, Does Not Invite Former Best Banker
Burn.
By
Jessica Pressler
fi-cri fallout
May 14, 2010
Credit Rating Agencies to Face Curbs
Senate approves provision creating overseeing board.
By
Josh Duboff
popularity contests
May 13, 2010
Brian Moynihan Replaces Jamie Dimon As Obama’s Favorite Banker
The president has reportedly traded the demanding, prickly banker for a “fresh face.” Men.
By
Jessica Pressler
banks
May 13, 2010
N.Y. Investigating Banks’ Influence on Rating Agencies,
Times
Says
Cuomo leading inquiry of eight banks.
By
Josh Duboff
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