'Banking Caucus' member aims for Senate

By Alison Fitzgerald

Republican candidate for Senate U.S. Rep. Shelley Moore Capito defends little banks but big banks benefit too.

Excerpts from this story referencing "Shelley Moore Capito":

"… s and taking their frustrations into consideration.”    …"

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 "Citigroup":

"… ervicers, Bank of America, JPMorgan Chase, Ally Financial (formerly GMAC), Citigroup, and Wells Fargo. That was the case that led to the massive settlement th …"

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 "Center for American Progress":

"… ’s behavior isn’t uncommon, said Miller, who also is a fellow with the Center for American Progress, a left-leaning policy think tank. Elected officials “are very willing t …"

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 "Andrew Cuomo":

"… al deal, according to his 2009 testimony to then-New York Attorney General Andrew Cuomo.  He said he kept the losses hidden under pressure from Treasury Secr …"

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 "attorney":

"… unning our companies for the future?” asked Jordan Thomas, a former attorney for the Securities and Exchange Commission who now runs the whistleblower …"

"… respond to an email sent to his office requesting an interview. Mayer’s attorney didn’t respond to requests for comment.  Renee Calabro, a Deutsche …"

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 "Congress":

"… scal assistant secretary, who is set to testify at Wednesday’s hearing. Congress in 1996 ordered Treasury to eliminate paper checks from the federal paymen …"

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 "food":

"… ed Carnival French Ice Cream, a convenience store with a limited supply of food and sundries and two soft-serve ice cream machines. During their search, i …"

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 "Paul Ryan":

"… , which will eventually eliminate the overpayments, and who voted for Rep. Paul Ryan’s plan to further privatize Medicare.Under Ryan’s plan, seniors would …"

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 "UPS":

"… This year, companies ranging from Coca-Cola and Wells Fargo to Xerox and UPS are working to ensure that they have a presence at both conventions.“The …"

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 "Senate":

"… epeal ObamaCare, and for the 33rd time it was an exercise in futility. The Senate will ignore the House vote and allow the reform law to move forward, just …"

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 "Citigroup":

"… ed these challenges as mere annoyances, but no longer. Certainly not after Citigroup’s shareholders made front page headlines last week when they voted again …"

"… gainst the bank’s $15 million pay package for its CEO.If shareholders of Citigroup, which with a market cap of almost $100 billion is more than seven times a …"

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 "Citigroup":

"… get director.Orszag had no Wall Street experience before joining Citigroup after he left the administration. His background is in governmen …"

"… White House — including White House budget director Jacob Lew (Citigroup) and former chief of staff William Daley (J.P. Morgan Chase). He …"

Raging against the foreclosure machine

By Ben Hallman

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

Excerpts from this story referencing "Paul Koches":

"… est business interest to keep loans performing and out of default,” said Paul Koches, the general counsel for Ocwen, a large subprime loan servicer. “Consequ …"

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 "Bank of America":

"… ge Rakoff “reluctantly” approved a $150 million agency settlement with Bank of America over its Merrill Lynch acquisition, after having rejected an earlier, smal …"

"… at looks like what happened when Judge Rakoff eventually signed off on the Bank of America case — some kind of statement of facts, significantly enhanced procedure …"

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 "Bank of America":

"… mortgage servicers.Government officials are negotiating with the firms — Bank of America, JP Morgan Chase & Co., Citigroup, Wells Fargo & Co. and Ally Fina …"

"… tation to process foreclosures.Four of the five companies under scrutiny—Bank of America, JP Morgan, Wells Fargo and Citigroup — are major donors for state and f …"

"… ovided by the subscription-only CQMoneyLine. Since the start of 2009, Bank of America has donated at least $3.2 million to candidates, party committees and othe …"

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 "Ireland":

"… opean Union has already given financial aid to member countries Greece and Ireland, and some experts worry that additional rescue packages for Italy or Spain …"

"… . financial institutions and markets. If the crisis, now affecting Greece, Ireland, and Portugal, were to intensify significantly or spread more broadly acro …"

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 "reform law":

"… gulators develop and finalize hundreds of regulations under the Dodd-Frank reform law, banks and other financial services companies are hiring more lobbyists to …"

“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 "Sheila Bair":

"… gulators enough funding and power to fully adopt the Dodd-Frank reform law.Sheila Bair, a Republican ending her five-year term as FDIC chief, urged the Senate Ba …"

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 "Citigroup":

"… head dinner were the heads of JPMorgan Chase & Co., Goldman Sachs and Citigroup, reports the New York Times’  Dealbook.  “It would be bad fo …"

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 "law professor":

"… essful, “we can expect more derivatives-trading crises in the future,” law professor Lynn Stout tells Barrons.Stout, who teaches at the University of Californi …"

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 "Bank of America":

"… s being ineffective and too soft on participating mortgage servicers. Bank of America, JP Morgan Chase & Co., and Wells Fargo failed to meet HAMP requiremen …"

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 "Carl McDonald":

"… in-depth study of the 33 nonprofit Blues in the U.S. by Citigroup analyst Carl McDonald, Blue Shield of California is one of the most profitable insurers in the c …"

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 "U.S. Justice Department":

"… ault judgment of nearly $3.6 million against Arbizu in the civil case. The U.S. Justice Department declined comment on whether it was seeking to extradite Arbizu from Argent …"

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 "American Express":

"… 2009 paper written by four Fed economists. (Other card networks like American Express and Discover handle fewer transactions and operate under a different model …"

"… Card of violating antitrust law by blocking member banks from also issuing American Express cards. The court decision ended that practice, making American Express a b …"

"… ing American Express cards. The court decision ended that practice, making American Express a bigger competitor.“In response, Visa and MasterCard appear to have inc …"

"… pear to have increased interchange fees to prevent banks from defecting to American Express, which pays a higher interchange fee — about 2.25 percent — to its ban …"

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 "Ameriquest Mortgage":

"… d the securities, which were underpinned by home loans from subprime giant Ameriquest Mortgage, were, quite simply, “crap.”For U.S. Senate investigators, the email i …"

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 "Citigroup":

"… too big to fail” institutions, a government watchdog says.An analysis of Citigroup's $20 billion government rescue in 2008 shows that "unless and until insti …"

"… n government rescue in 2008 shows that "unless and until institutions like Citigroup can be left to suffer the full consequences of their own folly, the prospe …"

"… tutions would adjust and “migrate around them,” the report said.In the Citigroup bailout, the Treasury Department imposed strict terms on the bank and rece …"

"… about 46 percent of all U.S. bank deposits and has $2 trillion in assets. Citigroup and Bank of America Corp. each also have about $2 trillion in assets, foll …"

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 "United States Chamber of Commerce":

"… ,” said Lisa A. Rickard of the Institute for Legal Reform, an arm of the United States Chamber of Commerce. But proponents, who argue that people often need help to fight corporati …"

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