Homeowners steamrolled as Florida courts clear foreclosure backlog

By Alison Fitzgerald

Why are Florida's courts rushing to clear more than 700 foreclosure cases per day?

Excerpts from this story referencing "chief financial officer":

"… oposal was withdrawn after enormous opposition, including from Florida’s chief financial officer, Jeff Atwater, who said in a comment letter to FHFA the plan wou …"

Meet the Banking Caucus, Wall Street's secret weapon in Washington

By Daniel Wagner and Alison Fitzgerald

Industry campaign cash flows to pro-bank activists in Congress, yielding big returns.

Excerpts from this story referencing "Spencer Bachus":

"… g leapfrogged senior members to become committee chair last year when Rep. Spencer Bachus, R-Ala., stepped down because of term limits set by House Republicans. Op …"

Ex-Wall Street chieftains living large in post-meltdown world

By Alison Fitzgerald

CEOs of banks that fueled the subprime crisis that led to the economic meltdown largely avoid consequences.

Excerpts from this story referencing "Jenner":

"… cording to the official bankruptcy report by Anton Valukas of the law firm Jenner & Block. The tactic allowed the company to characterize a short-term …"

Bear Stearns mortgage executives have plum jobs on Wall Street

By Lauren Kyger and Alison Fitzgerald

Executives from the mortgage finance division that helped sink Bear Stearns have similar jobs at major Wall Street banks.

Excerpts from this story referencing "Goldman Sachs":

"… ing hold similar jobs at the most powerful banks on Wall Street: JPMorgan, Goldman Sachs, Bank of America and Deutsche Bank. The fact they were able to emerge uns …"

"… of asset-backed securities,   was hired as managing director at Goldman Sachs in 2008 and then promoted to global head of mortgage trading in March 2012 …"

"… oted to global head of mortgage trading in March 2012. Andrew Williams, a Goldman Sachs spokesman, declined requests for comment. Verschleiser’s lawyer declined …"

"… t executives. The SEC has settled cases with a handful of banks, including Goldman Sachs, for sums that come to only a fraction of the companies’ quarterly profi …"

Benefit payment change hurts poor

By Daniel Wagner

Move away from paper checks means big money for bank, confusion for some Social Security beneficiaries.

Excerpts from this story referencing "Bank of America":

"… d by states and other governments to deliver payments to consumers include Bank of America, J.P. Morgan Chase, U.S. Bancorp and Citigroup. Comerica offered to issue …"

Lobbying firm PACs start 2013 slow

By Dave Levinthal

Few raising or spending big money early in 2013 — if at all.

Excerpts from this story referencing "Comcast":

"… 's long lobbying client list includes broadcaster Al Jazeera America, Comcast, drugmaker Merck, the PGA Tour, defense contractor Raytheon and ZTE USA, t …"

JPMorgan Chase’s record highlights doubts about big banks’ devotion to fighting flow of dirty money

By Michael Hudson

JPMorgan Chase’s record highlights doubts about devotion to fighting flow of dirty money

Excerpts from this story referencing "Citigroup":

"… of suspect cash. Last year U.S. authorities reached settlements with HSBC, Citigroup and UK-headquartered Standard Chartered Bank over alleged money-laundering …"

Lobbyist PACs hurting for cash following election

By Dave Levinthal

Political cash machines of many top government affairs shops see a slow start to 2014 election cycle.

Excerpts from this story referencing "General Electric":

"… cent clients include AT&T, Citigroup, Delta Airlines, Facebook, FedEx, General Electric, Goldman Sachs, the Lance Armstrong Foundation, National Association of Br …"

OPINION: Who wins with Medicare Advantage?

By Wendell Potter

Medicare Advantage plans are profit centers for private insurance companies because of government incentives to participate.

Excerpts from this story referencing "Humana":

"… years, the largest insurers — Unitedhealth, WellPoint, Aetna, Cigna and Humana — have reported record profits, even during the quarters when enrollment …"

Bailed-out banks, Freddie Mac, AIG gave $6 million to 2008 conventions

By John Dunbar and Michael Beckel

Corporate donors to 2008 party conventions included financial institutions bailed out by government.

Excerpts from this story referencing "American International Group":

"… big donors from the 2008 event that won’t be giving this time around — American International Group and Freddie Mac.The two institutions together gave $1 million to the Repub …"

OPINION: Why insurers want ObamaCare's Medicaid business

By Wendell Potter

Pay no attention to GOP governors; health insurers want that new Medicaid business.

Excerpts from this story referencing "Citigroup":

"… big insurers will still seek to get more business in the public sector. As Citigroup financial analyst Carl McDonald wrote in his report about WellPoint’s pr …"

ANALYSIS: Shareholders raising ruckus about CEO pay

By Wendell Potter

Big pay raises and parting bonuses increasingly raising ire of shareholders.

Excerpts from this story referencing "WellPoint":

"… r’s campaign as a reason why they are trying to get another big insurer, WellPoint, to disclose all of its corporate political and lobbying expenditures. A c …"

"… ition of activist investor groups is even demanding the resignation of two WellPoint board members, including Susan Bayh, the wife of former Sen. Evan Bayh, D- …"

"… ivist investors, led by Dr. Robert Stone, will once again be attending the WellPoint annual meeting next month to encourage other shareholders to support his c …"

"… meeting next month to encourage other shareholders to support his call for WellPoint’s Blue Cross plans to revert to their nonprofit status.Insurance company …"

FACT CHECK: Obama White House ‘full of Wall Street executives’?

By FactCheck.Org

Conservative super PAC runs ad on 'Obama's Wall Street Inner Circle'

Excerpts from this story referencing "Goldman Sachs":

"… the White House.Treasury Secretary Timothy Geithner, who never worked for Goldman Sachs (as the ad falsely claims) or any other Wall Street firm.Two men who were …"

"… atantly false example is Geithner, who is pictured along with the words “Goldman Sachs” and “$1.7 million estimate of  assets.” Despite a popular myth …"

"… a popular myth circulated on the Internet, Geithner never worked for Goldman Sachs. The New York Times wrote an article about how often this rumor …"

"… sp;at the Jack Kent Cooke Foundation.Jon Corzine, an ex-chief executive at Goldman Sachs and former New Jersey governor. Corzine is a true Wall Street executi …"

Raging against the foreclosure machine

By Ben Hallman

Automated foreclosure process creates errors, stifles modifications and enrages helpless homeowners

Excerpts from this story referencing "Citigroup":

"… four big bank-owned servicers along with Bank of America, Wells Fargo, and Citigroup, says that it concluded that modification is a better alternative by about …"

Judge in Citigroup case has bucked trend of rubber stamping SEC settlements

SEC has long history of settling cases without requiring companies to admit guilt

Excerpts from this story referencing "Merrill Lynch":

"… approved a $150 million agency settlement with Bank of America over its Merrill Lynch acquisition, after having rejected an earlier, smaller deal. But make no m …"

Whistleblowers ignored, punished by lenders, dozens of former employees say

By Michael Hudson

Former mortgage company employees say fraud was widespread in industry

Excerpts from this story referencing "Citigroup":

"… ng a growing number of emails and phone messages from people who worked at Citigroup’s subprime lending unit, CitiFinancial. The lender, they told Lee, was u …"

"… e demanded to resolve an employment dispute.”With the pressure building, Citigroup went out of its way to warn other current and former employees to keep qui …"

"… iet about what went on at CitiFinancial, according to Reuters news service.Citigroup, Reuters said, hired a famed litigator “to help fight allegations of ill …"

"… h at least 15 current or former employees, reminding the ex-employees that Citigroup would enforce the “non-disparagement clauses” in their severance agree …"

As housing crisis festers, mortgage servicers spend $8 million on political contributions

By Michael Hudson and Aaron Mehta

Mortgage servicers pony up $8 million in political donations as housing crisis festers

Excerpts from this story referencing "executive director":

"… e to keep their house,” Carliner said.Not everyone agrees.Ira Rheingold, executive director of the National Association of Consumer Advocates, a consumer attorneys gr …"

U.S. stock market plunge followed Financial Stability Oversight Council warning

By Michael Hudson

Financial Stability Oversight Council's warning of fragile markets borne out by stock market plunge

Excerpts from this story referencing "Citigroup":

"… has tumbled more than 10 percent.Shares in some of biggest U.S. banks – Citigroup, Goldman Sachs Group Inc., Morgan Stanley and Wells Fargo & Co. -- fel …"

No unemployment worries for bank lobbyists in Washington, where business is booming

By Shirley Gao

Big banks bulking up Washington offices by hiring more lobbyists

Excerpts from this story referencing "Elizabeth Warren":

"… Protection Bureau, will take over daily operations of the new agency when Elizabeth Warren departs at the end of July to return to Harvard Law School.Date joined the …"

“Go tell a Republican,” Rep. Frank says to complaints that Congress has failed to curb foreclosures

By Julie Vorman

Foreclosure complaints? "Go tell a Republican" says Rep. Frank

Excerpts from this story referencing "Spencer Bachus":

"… crat on the House Financial Services Committee, which is led by Republican Spencer Bachus of Alabama.Where were the auditors? – Only four accounting firms are big …"

Senior Treasury Dept. official is latest financial regulator to resign

By Julie Vorman

Yet another senior vacancy among banking regulators

Excerpts from this story referencing "Louisiana":

"… egulatory overhaul.View from a small bank – A top executive with a small Louisiana-based bank says he has no sympathy for mega-banks who say tougher capital …"

International regulators order mega-banks to boost capital to 9.5 percent

By Shirley Gao

International regulators order mega-banks to boost capital to 9.5 percent

Excerpts from this story referencing "Goldman Sachs":

"… e accounts of small investors amid profits lagging behind competitors like Goldman Sachs. …"

Reform reading: Will Warren aide fill top job at new consumer agency?

By Shirley Gao

Reform reading: Will Warren aide fill top job at new consumer agency?

Excerpts from this story referencing "Goldman Sachs":

"… chanism to handle the failure of an international bank like a Citigroup or Goldman Sachs, says Johnson, who was recently named to the FDIC's resolution advisory pa …"

ANALYSIS: Blue Shield of California's refund is peanuts compared to its profits

By Wendell Potter

ANALYSIS: Don't take Blue Shield's $180 million refund offer at face value

Excerpts from this story referencing "speaker":

"… ing to get the Commonwealth Club to even consider CIGNA’s CEO as a guest speaker that coordinating Bodaken’s appearance at the club on the same day that …"

As IRS crusades against Americans hiding money offshore, Latin American tax cheats flock to U.S. banks

By Michael Hudson

U.S. and its banks called "biggest tax haven" in world

Excerpts from this story referencing "Citigroup":

"… maintain “near-Swiss secrecy” for foreign depositors, Henry claims. A Citigroup spokesman declined to comment on its private banking unit’s history in L …"

Regulatory brawl over debit cards sidesteps the real fee-setters: card companies

By Amy Biegelsen

Lobbying brawl sidesteps the real fee-setters: card companies

Excerpts from this story referencing "spokeswoman":

"… so that banks will be willing to issue those cards,” said Trish Wexler, spokeswoman for the Electronic Payments Coalition.The debit processing fee helps pay f …"

Data shows Deutsche Bank was key patron of questionable mortgage lenders

By Michael Hudson

Data shows Deutsche Bank was key patron of questionable mortgage lenders

Excerpts from this story referencing "spokeswoman":

"… come head of enforcement at the Securities and Exchange Commission. An SEC spokeswoman said Khuzami doesn’t participate in matters relating to his former emplo …"

"… y couldn’t comment on his previous work at Deutsche Bank.A Deutsche Bank spokeswoman declined to comment on the company’s work with subprime lenders during t …"

"… ed in 2008 by Bank of America Corp., denied any wrongdoing.A Deutsche Bank spokeswoman said the firm had no comment on its relationships with Ameriquest and Coun …"

TARP watchdog sounds alarm about "too big to fail" banks

By Julie Vorman

For U.S. banks, bigger is still better despite the financial reform law’s attempt to rein in “too big to fail” institutions, a government wa

Excerpts from this story referencing "Troubled Asset Relief Program":

"… isastrous results,” Neil Barofsky, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), said in a 77-page report released today.“The market still giv …"

Betting on Justice: Borrowing to sue

By Binyamin Appelbaum and Ben Hallman

Large banks, hedge funds and private investors hungry for new and lucrative opportunities are bankrolling other people’s lawsuits, pumping h

Excerpts from this story referencing "Citigroup":

"… cases. Lenders including Counsel Financial, a Buffalo company financed by Citigroup, provided $35 million for the lawsuits brought by ground zero workers that …"

"… oans, too. During the lending boom of the last decade, companies including Citigroup, Commerce Bank of New Jersey and Credit Suisse provided financing for laws …"

WaMu examiner sheds new light on bankruptcy, criticizes FDIC for lack of cooperation

Joshua Hochberg's report on the fall of Washington Mutual discloses no Lehman-like allegations of accounting chicanery, nor does it establis

Excerpts from this story referencing "Citigroup":

"… he debt of the holding company was too great.A handful of banks, including Citigroup, Wells Fargo, and Banco Santader in Brazil had expressed interest in acqui …"

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