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The Guide Dog

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How low can you stay?

June 17, 2016
U.S. Democratic presidential candidate and U.S. Senator Bernie Sanders shakes hands with supporters after speaking at a campaign rally in Manchester

Presidential Candidate Sanders Takes Aim At Wall Street, Clinton In Speech

“If a bank is too big to fail, it is too big to exist; when it comes to Wall Street reform, that must be our bottom line,” Sanders said in a blistering speech.

January 5, 2016

Big Banks Paid Hillary Clinton Nearly $1.6 Million To Speak In 2013

Hillary Clinton earned nearly $10 million in speaking fees in 2013, including almost $1.6 million from major Wall Street banks.

August 1, 2015

All-Cash Marijuana Businesses Push For Change In Banking Law

If the U.S. government doesn’t get involved, then it’s possible foreign — and tribal — governments will.

July 20, 2015

Technology Helps Banks Meet Consumers Online

A Pew Research Center report said 2013 marked the first time more consumers did their banking online than at a physical branch.

July 17, 2015

Plutocrat Or Populist? Actually, Hillary Clinton Is Neither

Is Hillary Clinton a populist, a plutocrat — or a firm believer in the American middle class?

October 30, 2014

Fed Proposes Higher Capital Rule For Largest Banks

Washington (AFP) — U.S. regulators plan to raise capital requirements for the largest banks above global standards to ensure they do not place the financial system at risk, a top central banker said Tuesday. Daniel Tarullo, a member of the Federal Reserve board of governors, said it would set a capital surcharge for so-called too-big-to-fail […]

September 9, 2014

JPMorgan ‘Targeted By Russian Hackers’

New York (AFP) — Hackers believed to be from Russia broke into the computer systems of JPMorgan Chase and a second U.S. bank earlier this month, sparking a federal investigation, U.S. media reported Wednesday. Bloomberg said two people familiar with the probe confirmed that the Federal Bureau of Investigation was examining the case to see […]

August 28, 2014

S&P 500 Tops 2,000 Mark For First Time

New York (AFP) — The S&P 500 topped the 2,000 mark for the first time Monday helped by more promises of economic support from the United States and European central banks. A fresh burst of merger activity also sparked buyers, with Switzerland’s Roche paying $8.3 billion for smaller pharmaceutical company InterMune, and fast-food chains Burger […]

August 25, 2014

Bank-Fraud Scheme Used Homeless People To Cash Checks

By Mark Morris, The Kansas City Star KANSAS CITY, Mo. –– Some Atlanta gang members had no clue in October 2011 that their future freedom rested on a routine chore performed by an convenience store employee in Olathe, Kan. Cleaning up his trash bins about 6 a.m., the QuikTrip manager noticed that someone had dumped […]

August 25, 2014

Yellen: U.S. Jobs Market ‘Yet To Fully Recover’

By Paul Handley Washington (AFP) — Federal Reserve Chair Janet Yellen said Friday that the U.S. jobs market has not yet fully recovered, but acknowledged that data is sending mixed signals, spurring debate over inflationary pressures. In a speech to leading central bankers in Jackson Hole, Wyo., Yellen, who has kept Fed policy expansive due […]

August 22, 2014

Argentina Blames United States, ‘Incompetent’ Judge For Default

By Sonia Avalos Buenos Aires (AFP) — Argentina blamed the United States Thursday for the legal battle that forced it into its second default in 13 years, accusing the judge and mediator in the case of “incompetence.” The country officially went into default Wednesday night after the failure of 11th-hour talks with two U.S. hedge […]

July 31, 2014

Banking Regulators Launch Broad Review Of Financial Rules

By Jim Puzzanghera, Los Angeles Times Three of the nation’s financial regulators on Wednesday launched a broad effort to identify rules that are unnecessary or too burdensome for banks. Under a 1996 law, the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency are required to conduct such […]

June 4, 2014

An American Banking Revolution Awaits

Vermonters aren’t like the rest of us: They live in a small state with a flinty history and a legendary suspicion of outsiders. That independent streak gained luster when 15 Vermont towns voted earlier this year to reinforce this independent tradition by approving a proposal to create a state bank. The Vermont Economic Development Authority would get a […]

May 23, 2014

Fed Rejects 5 Banks’ Capital Plans, Including Citigroup

Washington (AFP) – The Federal Reserve approved the capital plans of 25 major U.S. banks after stress tests Wednesday, but turned down those of five others, including Citigroup’s. The Fed said four of the five — Citi, HSBC North America, RBS Citizens Financial and Santander Holdings USA — had “qualitative” shortfalls in their capital foundations, […]

March 26, 2014

Social Media Can Give Banks An Inside Look At Potential Borrowers

By Tim Grant, Pittsburgh Post-Gazette The personal information that friends share on social media websites is being used by a growing number of financial institutions to build a credit profile for potential borrowers, in addition to the official credit report. How that information can — or should — be used by lenders is still up […]

February 17, 2014

Scandal-Hit Barclays Bank Axes Jobs, Raises Bonuses

London (AFP) – Barclays will axe thousands of jobs and raise bonuses for its investment bankers this year, the under-fire British lender announced on Tuesday after posting a return to annual profits. Chief executive Antony Jenkins, who has himself declined a huge bonus as Barclays is probed along with other banks over possible manipulation of […]

February 11, 2014

Bank Of America Earnings Rise On Better Credit Quality

New York (AFP) – Bank of America Wednesday reported an eightfold increase in quarterly earnings on improving credit quality as it positions for a strengthening U.S. economy. The U.S. banking giant reported fourth-quarter earnings of $3.2 billion on revenues of $21.5 billion, compared with earnings of $367 million on revenues of $18.7 billion in the […]

January 15, 2014

Does It Really Matter How Elizabeth Warren Spent TARP Oversight Funds?

Sometimes it seems like Republicans — and much of the press covering them — are more worried about how those scrutinizing the financial industry and the nature of the 2008 economic collapse are spending their rather small operating budgets than the big picture: the hundreds of billions doled out to the big banks. Thus the […]

September 22, 2011