A 'Real Housewives of New Jersey' star blew the whistle that led to Bank of...
You may recognize the serial whistleblower who helped the Justice Department get its $16.65 billion settlement with Bank of America last year from his role on The Real Housewives of New Jersey.Jim...
View ArticleWATCH: Barney Frank's Most Quotable Moments
With the announcement that Massachusetts Rep. Barney Frank is retiring after this term, America is about to lose one of the last reliably entertaining elected representatives left in Congress.A...
View ArticleToday The British Government Will Explain Exactly How It Will Force Banks To...
LONDON (AP) — Britain's Treasury Secretary is to tell lawmakers how the government will restructure the country's banks to reduce the risks of another crisis in the financial sector.The Independent...
View ArticleThe Big British Banking Shake Up Has Been Confirmed
LONDON (AP) — The British government says it will legislate sweeping changes in banking regulation that are aimed at protecting the economy from excessive risk but could prove costly for the country's...
View ArticleHere's Why We're Totally Obsessed With Richard Cordray — And You Should Be Too
Washington worked itself into a tizzy this morning over Senate Republicans' unsurprising decision to block Richard Cordray's nomination as the first director of the Consumer Financial Protection...
View ArticleThere's A Revolution Coming In Global Finance
HONG KONG – In March 2011, the catastrophic earthquake, tsunami, and nuclear disaster that hit Japan halted production of key components on which many global supply chains depend. The sudden disruption...
View ArticleTreasury Strikes Back: Spokesman Says Calls For Repealing Dodd-Frank Are The...
The Treasury is hitting back against critics of Dodd-Frank Act who have complained that the volume of new financial regulations and the delays in writing them are holding back lending and hurting the...
View ArticleThree Years After The Global Financial Crisis Began, The World Is Still A Mess
More than three years after the global financial crisis, the world still has a nasty plumbing problem. Credit pipes remain clogged, and only central banks are working to clear them. But their ability...
View ArticleOccupy The Buy Side: Institutional Investors Deserve Far More Blame For The...
Criticism of banks is rampant. Lawsuits are proliferating and banks are settling for large sums. Mainstream media, blogs of all kinds, and the Occupy movement all see banks as the culprits in our...
View ArticleSystematic And Widespread Regulatory Failures Are Choking Our Arteries As...
A systematic and broad failure of regulation is the elephant in the room when it comes to reforming today’s Western capitalism. Yes, much has been said about the unhealthy...
View ArticleThe JP Morgan Fiasco Presents Mitt Romney With A Huge Opportunity
On their 10Q call yesterday JP Morganannounced a surprise $2 billion in losses related to a hedge they had made which backfired on them. The loss sent a shiver down the spine of Wall Street and likely...
View ArticleBloomberg Is Raising Money To Help Pro-Gun Republican Scott Brown Defeat...
New York Mayor Michael Bloomberg is throwing his considerable political — and financial — heft behind Massachusetts Republican Scott Brown's re-election bid against liberal consumer advocate Elizabeth...
View ArticleHere's What's On Deck For Elizabeth Warren's First Senate Banking Committee...
At 10:30 this morning the Senate Banking Committee will convene for the first time since the start of 2013.That means it will be freshman Elizabeth Warren's (D-Mass.) first hearing as a member of the...
View ArticleWatch Elizabeth Warren Grill Regulators About The Last Time They Took Big...
Wall Street, you should be terrified...Senator Elizabeth Warren (Mass.-D) had her first Senate Banking Committee meeting yesterday and she grilled regulators over having settlements instead of trials...
View ArticleMax Baucus And His Likely Finance Committee Replacement Got Campaign Money...
Senator Max Baucus (D-MT) has announced that he will not run for reelection in 2014. That means alot to Democrats, who want to keep their slim majority in the Senate.It also means alot to Wall...
View ArticleOn Financial Reform: 'The Banking Lobby Is Simply Too Strong To Allow It To...
“A culture of dangerous greed and excessive risk-taking has taken root in the banking world” since the repeal of the Glass-Steagall Act in 1999, said Senator John McCain last week when he supported...
View ArticleNo, Financial Reform Is Not Going To Be A Major Issue In 2016
After Noam Scheiber's cover story in The New Republic this week set off a firestorm of articles on Sen. Elizabeth Warren (D-MA) and a potential 2016 run (it's not happening), reporters have turned...
View ArticleECONOMIST: Markets Might Be 'Overly Excited' About China's Financial Reforms...
China wrapped up its third plenum earlier this month and announced a string of reforms. Soon after, Zhou Xiaochuan, governor of the People's Bank of China, wrote an article on deepening financial...
View ArticleThe ex-Wall Streeter Elizabeth Warren bulldozed out of a top spot at the...
Late last year, Elizabeth Warren fought hard to prevent Antonio Weiss, an ex-Lazard banker, from taking a top position at the Treasury, claiming he was yet another Wall Streeter passing through the...
View ArticleBankers are worried that Trump will scrap Wall Street regulation
Having spent billions of dollars on post-crisis U.S. financial industry reforms they once scorned, bankers are concerned the Trump administration, joined by a like-minded Congress, will scrap or...
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