'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 "Center for Public Integrity":

"… “Congressional Banking Caucus,” a group of lawmakers identified by the Center for Public Integrity as especially solicitous to the banking industry. They are all members of …"

"… al Services Committee and three have been passed to the Senate. Since the Center for Public Integrity published a report on these lawmakers in April, their efforts to reshape t …"

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 "Mortgage":

"… of creative investors’ turning Mortgage debt into a tradable commodity. Mortgages were placed in pools and securitized. Very often the deeds to the homes, …"

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 "PAC":

"… ,000 each from the Consumer Bankers Association, the Capital One Financial PAC, and the National Pawnbrokers Association PAC. Financial interests recentl …"

"… n, the Capital One Financial PAC, and the National Pawnbrokers Association PAC. Financial interests recently hosted Scott at Johnny’s Half Shell&n …"

"… hed herself as a fundraiser, raising more than $100,000 for her leadership PAC in her first year in office. Among the major donors: Goldman Sachs, Oppenh …"

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 "JPMorgan Chase":

"… thin a few days, on Monday, March 17, Bear was gone — subsumed into JPMorgan Chase & Co. with the help of the Federal Reserve for a price that was approx …"

"… t. These flaws are entirely unacceptable to me." ResCap, Bank of America, JPMorgan Chase, Wells Fargo, and Citigroup settled for $25 billion with the Jus …"

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 "Citigroup":

"… to consumers include Bank of America, J.P. Morgan Chase, U.S. Bancorp and Citigroup. Comerica offered to issue the Direct Express cards at no cost to Treasur …"

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 "Bermuda":

"… oing. A 2008 U.S. government report found JPMorgan had 50 subsidiaries in Bermuda, the Bahamas and other places labeled as tax havens or secrecy jurisdictio …"

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 "Citigroup":

"… cy department. The firm's dozens of recent clients include AT&T, Citigroup, Delta Airlines, Facebook, FedEx, General Electric, Goldman Sachs, the Lan …"

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 "Citigroup":

"… utional investors that own the majority of health insurance company stock. Citigroup analyst Carl McDonald predicts that should Romney win and the GOP take the …"

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 "Lehman Brothers":

"… once again posting healthy profits — with at least one major exception. Lehman Brothers, whose bankruptcy filing in 2008 spun the global financial markets into a …"

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 "Cigna":

"… e big five for-profit insurance companies (UnitedHealth, WellPoint, Aetna, Cigna and Humana), you’ll see that the biggest growth in their membership has …"

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 "Evan Bayh":

"… two WellPoint board members, including Susan Bayh, the wife of former Sen. Evan Bayh, D-Ind., because of “high risk political spending.”Another group of ac …"

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 "Mortgage":

"… led to sign up for a modification plan with their loan servicer, GMAC Home Mortgage, Cassandra Gray said. The modification lowered their payment from $1,128 …"

"… to pools of 5,000 or more. They are then sliced up and sold as securities. Mortgage servicers bid on the rights to manage these loan pools before they are sol …"

"… aged lenders to stop caring whether the loans they were making were sound. Mortgage giants like Countrywide approved as many loans as possible knowing that Wa …"

"… ton III, a U.S. bankruptcy judge in Aberdeen, Miss., ordered American Home Mortgage Servicing Inc. to pay borrower Glen Cothern’s legal expenses due to its …"

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 "JPMorgan Chase":

"… ederal judge Richard Berman recently OK’d a $154 million settlement with JPMorgan Chase. And despite Judge Rakoff’s treatment of their cases, the SEC is unlikel …"

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 "judge":

"… s at Enron Corp. and other big companies.Hagman told an administrative law judge that there were “senior-level people in this organization who are still …"

"… ’t been fired, she’d simply been let go as part of a restructuring.The judge sided with Hagman. He ordered that WaMu pay her more than $1 million.‘Si …"

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 "Citigroup":

"… negotiating with the firms — Bank of America, JP Morgan Chase & Co., Citigroup, Wells Fargo & Co. and Ally Financial Inc. — over allegations of wid …"

"… ive companies under scrutiny—Bank of America, JP Morgan, Wells Fargo and Citigroup — are major donors for state and federal political campaigns. Between th …"

"… s committee’s Subcommittee on Financial Institutions and Consumer Credit.Citigroup has given $850,000 to candidates, party committees and other PACs since th …"

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 "Citigroup":

"… cial services companies are hiring more lobbyists to influence the process.Citigroup, JPMorgan Chase & Co., TD Bank and Fifth Third Bank are among the bank …"

"… nks that have added Washington staff in the past year.  For instance, Citigroup hired Candida Wolff, an ex-Bush administration legislative affairs liaison …"

“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 "Commodity Futures Trading Commission":

"… inancial Protection Bureau, the Securities and Exchange Commission and the Commodity Futures Trading Commission.Better late than never – The regulator overseeing some of the biggest U. …"

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 "Citigroup":

"… ent, bringing their capital up to 10.5 percent.That means Bank of America, Citigroup, and JPMorgan Chase & Co. will need a combined $150 billion of extra c …"

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":

"… te Raj Date, a former Banker with Capital One Financial Corp. and Deutsche Bank AG, to head the Consumer Financial Protection Bureau, Bloomberg News and o …"

"… ercent equity to fund their asssets, may be a model for megaBanks, he says.Bank capital requirements – U.S. regulators aim to increase Banking capi …"

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

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 "health insurance":

"… of America.Through campaign contributions and effective lobbying, however, health insurance firms have so far been able to stave off rate regulation in California. Ju …"

"… all business? Wendell Potter wants to hear about your experience obtaining health insurance. Help inform our reporting by taking a few minutes to fill out this form.& …"

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 "Bank":

"… vasion by citizens of other lands. Alex Sanchez, president of the Florida Bankers Association, says Latin Americans move their money to the United States …"

"… the IRS convenes a public meeting on the proposed rule. The Florida Bankers Association’s Sanchez says the session will be lively, with IRS burea …"

"… scheduled speakers include representatives from the Florida International Bankers Association, the American Bankers Association and the Cato Institute. T …"

"… entatives from the Florida International Bankers Association, the American Bankers Association and the Cato Institute. The event begins at 10 a.m. ET at I …"

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 "Citigroup":

"… ay, MasterCard’s board of directors includes senior executives from Citigroup and UniCredit Group, plus former executives at Goldman Sachs and Southern …"

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 "Citigroup":

"… work of “rogue” employees.Ameriquest stopped making loans in 2007, and Citigroup acquired its loan-servicing unit and its sister company, Argent Mortgage.A …"

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 "Morgan Stanley":

"… lls Fargo & Co. with $1 trillion, Goldman Sachs with $880 million, and Morgan Stanley with $820 million.Together the six largest U.S. banks’ assets were worth …"

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 "Center for Public Integrity":

"… te defendants with deeper pockets. A review by The New York Times and the Center for Public Integrity shows that the inflow of money is giving more people a day in court and ar …"

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