Who got what from Fed bailout
As the culmination of almost two years of legal wrangling, which included a U.S. Supreme Court decision and a special provision of the Dodd-Frank reform law, Bloomberg News is sifting through the...
View ArticleBank of America’s $5 fiasco
Now you fee it, now you don’t. After threatening customers a month ago with a $5 monthly fee for using debit cards, Bank of America has now scrapped the idea. The decision comes after other major...
View ArticleThe pain for Crane is mainly down the drain
Houston Astros owner Jim Crane has become mired in the bankruptcy of Jefferson County, Ala. A federal bankruptcy judge ordered Crane to disclose details of a settlement with JP Morgan Chase involving...
View ArticleFoxes and henhouses? Justice officials linked to mortgage banks
Amid mounting pressure for a sweeping criminal investigation into the mortgage meltdown, Reuters reports that two of the highest-ranking Justice Department officials, Attorney General Eric Holder and...
View ArticleThe big banks’ Big Tobacco moment
The country’s biggest banks have agreed to pay $25 billion to settle claims of foreclosure abuses that occurred after the mortgage meltdown. It’s the biggest industry-wide settlement since the states...
View ArticleHow done is the $25 billion mortgage deal?
Although the Justice Department and attorneys general for 49 states announced the massive $25 billion settlement over robosigning and other mortgage abuses with the big banks last week, it’s not clear...
View ArticleStill no final deal in mortgage settlement
The government may, finally, file the details of its $25 billion foreclosure abuse settlement this week.
View ArticleJP Morgan proves bankers need protection from themselves
The trading loss isn't just an embarrassment for Chase and Dimon, it's an embarrassment for the regulators, the lawmakers, and the Obama administration that have collectively refused to put meaningful...
View ArticleDimon’s debacle shows why Elizabeth Warren should have stayed out of politics
The most important voice in banking regulation has been drawn into the political morass. That's too bad, because her message is too important for politics.
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