Politico has compiled several anonymous quotes from Wall Street bankers threatening that Hillary Clinton will lose the financial sector’s support if she names Senator Elizabeth Warren her vice-presidential nominee—a somewhat dubious claim that nevertheless makes for a very funny story.
Right now, 94% of U.S. commercial districts are composed of bank branches. (The other 6% are takeout salad lunch places.) The good news is that we may have already witnessed the peak of the “bazillions of banks, everywhere you look” era.
From the 2008 recession all the way through to the current presidential campaign, reformers of all types have been advocating for a breakup of the world’s biggest banks. Why? And how? We have just the right author to explain.
At last night’s Democratic town hall, CNN anchor Chris Cuomo asked Hillary Clinton to explain why she continues to withhold the transcripts of speeches she gave to several Wall Street banks between 2013 and 2015, for which she earned $2.5 million. You can watch the exchange above, or read the transcript below:
In our current time of intermittent financial panics, the banking sector stands out in its unpopularity: major bank stocks are trading well below the book value of those banks. What has everyone so terrified?
Since the beginning of her campaign last year, Hillary Clinton has steadfastly refused to disclose what exactly she said during the speeches she gave at several large banks, including three at Goldman Sachs, after her tenure as Secretary of State. Attendees of two of those Goldman speeches, both of which took place in…
New rules proposed this week would require the world's biggest banks to hold more capital, in an effort to (begin trying to) put an end to the "Too Big to Fail" dynamic. If this doesn't work we can always smash them.
Thinking of buying a new home in Moscow Oblast, but still on the fence? Perhaps a cat will convince you. Sign the promissory, take the cat. Look, cute cat! Это красивая кошка! Just hold him for a sec. Awwwwwwwww. Now, do you want a fixed-rate or a 5/1 ARM?
A new government report on the persistence of the implied "Too Big to Fail" guarantee for major banks finds that the advantage for those banks has declined since the recession, but TBTF still exists, which is why we should still break up the biggest banks, so they can fail in peace.
Happy bank earnings day! You'll be happy to learn that both Goldman Sachs and JP Morgan have already reported higher than expected second quarter profits. Seems like a good time to let you know that the top 1% is even wealthier than we thought.
One in every ten New York residents does not have a bank account. Street homelessness is on the rise. Despite this, there seems to be a new bank branch on every corner. Why? The answer may not surprise you.
Well that's one way to make a deposit.
Is the Obama administration secretly ordering banks to close porn stars' accounts in an anti-money laundering program called "Operation Choke Point"? Probably not, but give conspiracy theorists mad points for hooking up that name and those deeds.
Shockingly, 87 percent of consumers think awful banks are also awful at social media. There's only one way to change perceptions like that: Hire credit ratings agencies to lie to us that the banks' Twitters are doing great.
On Thursday, freelance writer Lisa McIntire's mother received a credit card offer from Bank of America sort of addressed to her daughter. There was one tiny difference, though, in the name; instead of Lisa McIntire, the letter was addressed to a "Lisa Is a Slut McIntire."
To help avoid regulators, Bloomberg is offering banks more control of instant messages and chat rooms used by traders. The same IMs that were "used to rig interest rate markets, where they left a colourful trail of promised steak dinners and champagne."
Five years out from the financial collapse, one would almost expect that we wouldn't still routinely be finding out about ways in which banks like Goldman Sachs and Bank of America manipulated financial markets in order to essentially pillage the American economy. Alas!
While the United States mostly lets banks get away with brazen fraud, Vietnam has just sentenced a crooked banker to death. Perhaps there's some middle-ground we can all stick to?
A bank customer who spotted a man with a concealed weapon inside a TD Bank branch in Glastonbury, Connecticut, thought he was doing the right thing by bringing the bank staff's attention to a potential robbery in progress.
It's happened before, but this time a bank not only sent repo men to foreclose on the wrong house — they sent repo men to foreclose on the wrong house in the wrong town.
