Way back in 2011, JPMorgan Chairman and CEO Jamie Dimon was on top of the world. TIME selected him as one of the 100 most influential people in the world, and even Charles Ferguson, director of the scathing, anti-Wall-Street documentary Inside Job praised his performance during the financial crisis:
“Dimon had the wisdom and the long
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By trying to compensate for poor fiscal policies, the Fed is making it easier for the President and Congress to evade their responsibilities.
Since the recession, the value of derivatives outstanding has grown, and they remain very risky with the potential for large, unpredictable losses.
Four and a half years after the passage of TARP, one thing is abundantly clear: The American public really, really hates bank bailouts. And yet, nearly three years after the passage of the Dodd-Frank financial reform bill, it …
Critics of the nation’s largest banks haven’t had very many friends in Washington lately, but that dynamic changed markedly in January, when Massachusetts Senator Elizabeth Warren — perhaps Big Finance’s most articulate gadfly — was sworn in and given a seat on the Senate Banking Committee. And last week, the committee held its first …
Conservative columnist George Will and liberal Ohio Senator Sherrod Brown don’t agree on much. So it was a little strange to see Will publish an article last week praising Brown’s legislative efforts to shrink America’s largest banks in order to remove any systemic threat that their failure might pose to the U.S. economy. But Will is not …
Update: The Wall Street Journal is reporting that the AIG board has decided not to participate in the lawsuit.
Hank Greenberg didn’t get to where he is today by being timid. The former chairman of AIG built the company up …
Many factors contribute to increasing inequality. Public policy should focus on eliminating only the bad ones
There was more good news coming out of the housing market yesterday, with the Commerce Department announcing that new residential construction projects, called housing starts, increased by 15% in September compared to the prior
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When Vikram Pandit took over Citigroup in 2007, he was seen as an unlikely choice. In an industry dominated by white, glad-handing alpha males, Pandit is a bookish Indian immigrant known for his financial acumen but not his …
It’s been five years since the 2008 financial crisis upended the global economy, and while corporate profits and national output have recovered, there are still 4.7 million fewer private sector jobs than at the beginning of the …
Since the financial crisis of 2008, there have been a host of critics of the banking industry who have called for hard caps on the size of banking institutions, as well as the separation of commercial banking activity like …
