banking

The key question after yesterday's Swiss-bank hearings.

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The Post Office Should Just Become a Bank

How Obama can save USPS and ding check-cashing joints

A cool way Obama could save USPS--and ding check-cashing joints

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While you were getting that pair of socks you always wanted, the government got an unexpected Christmas present: the first lawsuit seeking to nullify a portion of the Volcker rule, which regulators just finalized a few weeks ago.

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2013 Was a Bad Year for Wall St. Lobbyists

Everyone assumed the banks would beat financial reform. They didn't

Everyone assumed the banks would prevail. They didn't.

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The 'London Whale' Case Lands Another Minnow

Criminal charges against JP Morgan traders let their bosses off the hook

It’s unusual to see anyone from the financial industry held accountable for misconduct in the post-crisis era. Criminal charges are even rarer. So it was a big deal yesterday when Javier Martin-Artajo and Julien Grout, two former traders in the Chief Investment Office of JPMorgan Chase in London, were indicted for their role in the 2012 “London Whale” trade, a $6 billion derivatives loss.

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The unstated purpose of reality television is for viewers to feel superior to the poor saps on screen. And this week it is also apparently the purpose of the Department of Justice, which indicted two of the stars of “The Real Housewives of New Jersey” on Monday. In a case involving the Federal Deposit Insurance Corporation (FDIC) Inspector General, the IRS, the U.S. Bankruptcy Trustee and the U.S.

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By threatening to resign as CEO, the JPMorgan honcho gave shareholders no choice but to keep him as chairman as well.

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What Tim Geithner Could Have Learned From Cyprus

At least one country said no to making the little guys bail out the big guys

Sure, Cyprus' government is comically inept. Their bailout still beat ours. Here's why.

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Why conservatives want to break up the banks, too.

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What's that song playing in the background of the online brokerage's TV spot? Our obsessive cultural critic evaulates the unintentionally subversive message.

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