Thursday, November 06, 2014
Friday, August 08, 2014
Fox's Rupert Murdoch gives up on his bid for Time Warner. Wall Street banks get dissed by regulators. And Walgreens decides, its not a Swiss company after all.
Tuesday, July 01, 2014
BNP Paribas will pay a record $8.9 billion fine. That's big news — but just how the case against the bank was pieced together is even more fascinating.
Thursday, April 10, 2014
In the wake of the dissolution of the Moreland Commission, Preet Bharara, U.S. Attorney for the Southern District of New York, explains why he is criticizing NY Governor Cuomo and talks about what more could be accomplished to stem abuse and prosecute public corruption. Plus: his recent remarks on big banks and possible future charges against financial institutions.
Wednesday, March 12, 2014
Bloomberg News reporter and author of The Seven Sins of Wall Street: Big Banks, their Washington Lackeys, and the Next Financial Crisis, Bob Ivry, discusses his reporting on how banks have re-grouped since the 2008 crisis, and in many ways not learned their lessons.
Saturday, November 23, 2013
To prevent the collapse of the global financial system in 2008, Treasury committed 245 billion in taxpayer dollars to stabilize America’s banking institutions. Today, banks that were once “too big to fail” have only grown bigger, with JP Morgan Chase, Citigroup, Bank of America, Wells Fargo, and Goldman Sachs holding assets equal to over 50% of the U.S. economy. Were size and complexity at the root of the financial crisis, or do calls to break up the big banks ignore real benefits that only economies of scale can pass on to customers and investors?
Monday, April 15, 2013
As the government's largest effort to compensate victims of the banks' foreclosure practices comes to a close, ProPublica's Paul Kiel reports that it won't be much of an ending: roughly 3 million borrowers will receive no more than $500. He goes into the history of robo-signing and other aggressive practices that caused homeowners who weren’t behind on their mortgage payments to face foreclosure. His latest article is "For Most Homeowners, Gov’t Foreclosure Deal Brings A Few Hundred Bucks."
Thursday, March 14, 2013
Since 2007, nearly 500 banks of failed, but rather than sue those banks for losses and malfeasance, the Federal Deposit Insurance Corporation has opted for settlements that often go unreported. LA Times reporter Scott Reckard talks about having to obtain information about FDIC settlements through a Freedom of Information Act request.
Thursday, February 21, 2013
It's been one year since five of the nation's biggest banks reached a $25 billion settlement with state attorneys general across the country over charges that the banks used faulty practices to foreclosure on hundreds of thousands of homeowners.
Monday, January 07, 2013
By Charlie Herman : Business and Economics Editor
Ten major banks and mortgage companies are settling with federal regulators over accusations they wrongfully foreclosed on homeowners.