Will 'Too Big to Fail' happen again?

Treasury Official Says ‘Too Big To Fail’ Bailouts Of Banks Won’t Happen Again

Snippet of Article: "...U.S. Treasury official Mary Miller said in prepared remarks Thursday evening at a financial industry gathering held in Manhattan that “No financial institution, regardless of its size, will be bailed out by taxpayers again.” ..."

Reference: www.ibtimes.com

Regions Financial Corp. generated $265 million in net income in the fourth quarter

Regions' 2012 net income exceeds $1.1 billion

Snippet of Article: "... Regions grew its commercial and industrial loans over the last three months of 2012, with total commercial and industrial commitments growing by $1.4 billion, the release said. Commercial loan production, including renewals, was $10.4 billion, with $4.3 billion of that coming from new loan origination. ..."

Reference: al.com

Chase sold thousands credit-card accounts to collections agencies without

The Banker Finds Possible “Trouble” at Chase

Snippet of Article: "...You read that right. Chase sold thousands credit-card accounts to collections agencies without the correct balances. ..."

Reference: www.cjr.org

U.S. government is getting less comfortable with bailing out large troubled lenders

Moody's downgrades big banks on changed policy

Snippet of Article: "...(Reuters) - Moody's Investors Service lowered debt ratings for Bank of America Corp, Citigroup Inc and Wells Fargo & Co on Wednesday, saying the U.S. government is getting less comfortable with bailing out large troubled lenders. ..."

Reference: www.reuters.com

Yahoo gets advise from bankers

Yahoo Begins to Line Up Its Bankers

Snippet of Article: "...UBS Investment Bank is already working with Yahoo on a possible sale of the Internet company’s stake in Yahoo Japan, and also advised ..."

Reference: wsj.com

Investors fighting back against a proposed Bank of America settlement

Investors challenge Bank of America settlement

Snippet of Article: "..."Walnut Place has serious concerns about the secret, non-adversarial and conflicted way in which the proposed settlement was negotiated and about the fairness of the terms of the proposed settlement," the filing stated...."

Reference: www.kansascity.com

Rep. Darrell Issa (R-CA) raised hell last year to stop investigatiion of Goldman Sachs

Darrel Issa Stocked Up on Goldman Sachs Bonds While Blocking Its Investigation

Snippet of Article: "... Think Progress finds that Issa was busy last year buying up Goldman Sachs High Yield Bonds worth up to $50,000 a pop while pressing strongly to thwart an SEC investigation into potential wrongdoing at Goldman Sachs:..."

Reference: obrag.org

'Federal Reserve’s policies are systematically looting the country'

‘Anonymous’ Hacker Group Identifies Fed as Target on YouTube

Snippet of Article: "...“The Federal Reserve’s policies are systematically looting the country to enrich one 10th of 1 percent of the population,” a distorted voice said on the video. ..."

Reference: www.bloomberg.com

Bank interchange fee debate

Bankers Hope to Make Lemonade From Senate Swipe Fee Vote

Snippet of Article: "... Bankers lost the Senate fight over interchange fees, but they are hoping the vote will help convince the Federal Reserve Board to raise its proposed 12-cent cap...."

Reference: www.bankinvestmentconsultant.com

Basel III

EU regulator wants tougher U.S. banker bonus rules

Snippet of Article: "... A top European regulator on Friday raised concerns about consistency between the U.S. and Europe on banker bonus rules, insisting the U.S. hasn’t implemented as tough regulations..."

Reference: www.marketwatch.com

Secret Fed loans gave billions to overseas banks? You should be outraged!

Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak

Snippet of Article: "... “What in the world are we doing thinking we can pass out tens of billions of dollars to banks that are overseas?” said Paul, who has advocated abolishing the Fed. “We have problems here at home with people not being able to pay their mortgages, and they’re losing their homes.” ..."

Reference: www.bloomberg.com

Life is hard for the wealthy

Dominique Strauss-Kahn moves to townhouse in New York

Snippet of Article: "... The agreement is expected to cost him about $200,000 a month. The town house includes a state-of-the-art theatre, gym, spa and four bathrooms...."

Reference: www.guardian.co.uk

Home prices fall again

U.S. Home Price Index Fell 2.5% in First Quarter of This Year

Snippet of Article: "...seasonally adjusted purchase-only home price index. ..."

Reference: www.bloomberg.com

UBS Bankers Bail

UBS Exodus: A List of Bankers That Left

Snippet of Article: "...In the last three months, at least 13 senior U.S. bankers have left UBS, including Kevin Cox, ..."

Reference: wsj.com

Dominique Strauss-Kahn , IMF chief arrested

IMF chief arrested in alleged sex assault

Snippet of Article: "...The head of the International Monetary Fund was charged early Sunday in connection with the alleged sexual assault of a housekeeper at a Manhattan hotel Saturday, a New York police spokesman said. ..."

Reference: www.washingtonpost.com

The leader of the International Monetary Fund being questioned

IMF chief detained on N.Y. sex assault charge

Snippet of Article: "...Dominique Strauss-Kahn was taken off the Air France flight at John F. Kennedy International Airport by officers from the Port Authority of New York and New Jersey and turned over to police Saturday afternoon, said Paul J. Browne, New York Police Department spokesman. ..."

Reference: www.latimes.com

Countrywide Mortgage Investor Lawsuit

Bank of America Dismissed From Countrywide Mortgage Investor Lawsuit

Snippet of Article: "...request to dismiss the claim against it on grounds that it can't be held liable for actions of a unit ..."

Reference: www.huffingtonpost.com

Regions Bank Exceeds Expectations

Regions Tops Estimates With a Penny Profit

Snippet of Article: "...BIRMINGHAM, Ala. (TheStreet) -- Regions Financial on Tuesday reported first-quarter net income available to common shareholders of $17 million, or a penny a share, above the expectations of analysts who were forecasting a loss of 10 cents a share. ..."

Reference: www.thestreet.com

Banks get all the breaks

Opinion Letting the Banks Off the Hook

Snippet of Article: "...Though, to be honest, calling the Office of the Comptroller of the Currency a “regulator” is almost laughable. The Environmental Protection Agency is a regulator. The O.C.C. is a coddler, a protector, an outright enabler of the institutions it oversees. ..."

Reference: www.nytimes.com

Nexity Bank, Birmingham, Alabama, Closed By Regulators

Snippet of Article: "...Specific unsafe or unsound practices cited by the FDIC in the Cease and Desist Order included, operating with a large volume of poor quality loans, operating with inadequate capital and numerous other deficiencies. ..."

Reference: problembanklist.com

Hazel Green, Alabama Bank Robbed by Suit Bandits

Hazel Green bank robbed by two men in suits

Snippet of Article: "...The men left the bank with two bags full of cash, officials said. ..."

Reference: al.com

JPMorgan CEO Dimon's pay jumps to $20.8 million

Snippet of Article: "...Dimon saw his total compensation jump nearly 1,500 percent to $20.8 million in 2010 from $1.3 million a year earlier, a Thursday regulatory filing shows. ..."

Reference: www.chicagotribune.com

Bank e-mail hacking

Bank Customers Warned After E-Mail Hack

Snippet of Article: "...Capital One(COF_) and JPMorgan & Chase(JPM_) are warning customers to be careful opening emails allegedly coming from their respective institutions after a third-party marketing firm's system was hacked Friday. ..."

Reference: www.thestreet.com

Another bank failure

U.S. closes small bank, bringing 2011 total to 26

Snippet of Article: "...U.S. authorities closed the Bank of Commerce of Wood Dale, a small Illinois bank on Friday, bringing the total number of foreclosures in 2011 to 26. ..."

Reference: www.reuters.com

Edcomm Banker’s Academy Launches Free Anti Money Laundering (AML) Overview for Sudan

Snippet of Article: "...recently launched a free tutorial that provides Anti Money Laundering (AML) training for banks and financial institutions located in Sudan. Focus on Anti Money Laundering for Sudan offers an overview of the AML laws and regulations that are specific to financial institutions in Northern African country. ..."

Reference: pr-usa.net

Bank of Japan continues to flood money markets

Snippet of Article: "...The Bank of Japan conducted emergency operations for the third day in a row yesterday since Monday. By flooding the banking system with money, it hopes banks will continue lending and meet the likely surge in demand for post-disaster funds. ..."

Reference: www.todayonline.com

Clegg raises banker-bashing rhetoric

Snippet of Article: "...Nick Clegg has admitted he would like to wring the necks of bankers who are taking big bonuses even though their employers were kept in business through the support of the taxpayer. ..."

Reference: www.ft.com

2011 Banker bonuses up again

Bankers' 2011 bonuses to rise 10-15 percent: expert

Snippet of Article: "...Bankers can expect their bonus packages in 2011 to be 10 percent to 15 percent richer on average than last year, a widely followed compensation expert said on Friday on Reuters Insider. ..."

Reference: www.reuters.com

You got punked!

Too late to jail bank CEOs...

Snippet of Article: "...Admit it, we lost the opportunity. Jail a bank CEO and Wall Street will miraculously reform? You’re joking, right? Wall Street got away with a “legal” bank heist. Today the should-be/would-be inmates are running the prison. ..."

Reference: www.marketwatch.com

Credit Suisse Banker Arrested in U.S., SonntagsZeitung Says

Snippet of Article: "...Authorities in the U.S. arrested a Credit Suisse employee as a “material witness” in an investigation into several banks suspected of helping tax evaders, SonntagsZeitung reported. ..."

Reference: www.bloomberg.com

Bernanke says U.S. could handle big bank failure

Snippet of Article: "...the nation could now handle the collapse of a large bank as a result of the overhaul of financial regulations, The New York Times reports. ..."

Reference: www.bizjournals.com

Regions Financial - Top Performing Bank

Snippet of Article: "...Regions Financial (NYSE:RF) was the top performer of the banking index, closing at $8.02 representing 3.75%. versus the previous trading session. Shares of Regions Financial, the Alabama based regional bank have defined support at $6.79 and resistance at $8.03. ..."

Reference: tradershuddle.com

More Bank Failures

Regulators Close Four More Banks

Snippet of Article: "...U.S. regulators announced the failures of four more banks, in Michigan, Florida, Wisconsin and California. ..."

Reference: Wall Street Journal

Bank returns seized homes to military families

Snippet of Article: "...JPMorgan Chase & Co. has returned 10 homes to military families whose properties were seized when they should have been protected a by law designed to shield service members from financial stress, a bank executive said. ..."

Reference: www.boston.com

DNS: Nasdaq Confirms Network Under Cyber Attack

Snippet of Article: "...The most vulnerable of the company’s services was one that allows company leaders and board members to securely share confidential documents. The penetration of this Directors Desk suggests to investigators that hackers are seeking to extract non-public inside information to be used illegally to gain a trading edge. ..."

Reference: dns.tmcnet.com

Investment bankers make more in a day than many people make in a year

Wall Street needs stricter regulations

Snippet of Article: "... Wall Street is known for big bonuses — the kind of bonuses that let investment bankers make more in a day than many people make in a year. But the Federal Deposit Insurance Corporation (FDIC) is looking to combat that a little. Regulators have proposed a rule that..."

Reference: www.dailytargum.com

Bankers cite guarantees among bonus season gripes

Snippet of Article: "... The 2010 bonuses so far are shaping up as flat to lower on average, with cash payments being broken up and deferred ..."

Reference: www.reuters.com

Prosecutors Say Morgan Stanley Banker Passed Deal Tip to Galleon

Snippet of Article: "...A Morgan Stanley banker who wasn't named allegedly leaked details of a merger involving Advanced Micro Devices Inc. in 2006, according a court filing in a closely watched insider-trading case Friday. ..."

Reference: wsj.com

JPMorgan banker pay slips -- to $369,651

Snippet of Article: "... The average worker at the investment banking unit of JPMorgan Chase (JPM) made $369,651 last year, according to numbers (see page 10) released Friday in the bank's fourth-quarter ..."

Reference: cnn.com

Bank of America website suffers outage

Snippet of Article: cnn.com
"...Some Bank of America customers trying to access their online and mobile accounts were unable to get through on Friday -- an issue the bank says it is aware of and working to resolve. ..."

Reference: cnn.com