Bank of America
New York's "greenest" skyscaper is actually its biggest energy hog
How an environmentally-certified skyscraper became New York's biggest energy hog
Obama's outgoing Treasury Secretary assesses populism, Paul Ryan, and his work during the financial crisis.
Have any plans for this Saturday? The nearly 100,000 people who have pledged to take part in Bank Transfer Day certainly do: closing their bank accounts. The idea is to punish “Too Big to Fail” banks by instigating a mass exodus to smaller credit unions and community banks. Though not technically affiliated with Occupy Wall Street, it’s a practical expression of the anti-bank anger the movement has wrought. But if the executives at the country’s biggest banks have circled Bank Transfer Day on their calendars, it's probably not out of anxiety.
[with contributions from Matthew O'Brien and Darius Tahir] President Obama travels to Nevada on Monday and, at first blush, the timing could not be better. Mitt Romney, the man most likely to be the Republican presidential nominee, was there just a few days ago. During a televised interview with the editorial board of the Las Vegas Review Journal, he said he didn’t think the government should do anything to stop foreclosures: Don’t try to stop the foreclosure process. Let it run its course and hit the bottom.
David Lazarus argues today in the Los Angeles Times that Bank of America has found a way to make money off Dodd-Frank. The financial reform bill directed the Fed to limit the "swipe fees" banks were charging merchants for the use of debit cards in retail transactions. Reform was needed because these swipe fees were about the same for debit and credit cards, which made no sense. With a credit card you're borrowing money, but with a debit card you're supposed to be spending only money that you have.