Banks

Remember Washington Mutual? Cute little retail bank? Kind of the anti-Chase: Lots of bright colors, no bullet-proof glass, endearingly quirky ads, free smiles? Went under a few years back and was swallowed by Chase, which gleefully ripped out all of those colors and all of that quirkiness? Well, people are still fighting over it, specifically over whether its board and leadership were being distinctly unfriendly to its shareholders when they pumped $500 million into the bank. Read more »

We all know that it is better to be safe than sorry. But JPMorgan is definitely pretty sorry about that whole 76-million-customer hack job. And now that it is, it has decided that it is better to be safe and sorry than not safe and still sorry, or something. Even if that costs an extra $125 million a year. Read more »

  • 09 Oct 2014 at 12:36 PM
  • Banks

President Obama Has A Question About The JPMorgan Cyberattack

Alas, there is no answer. Read more »

A British judge is none too pleased with Lloyd Blankfein, et. al., re: their none-too-serious request of her to junk the Libyan Investment Authority’s lawsuit against it. And for wasting her time and Libya’s money (or, if you believe the accusations that Goldman sold the sovereign wealth fund worthless crap, more of its money), the bank’s gonna have to pony up. Just not as much as Libya would like, because the very same judge isn’t sure that even Gary Cohn’s words warrant this level of textual analysis. Read more »

  • 02 Oct 2014 at 10:00 AM
  • Banks

Will Crisis-Era Litigation Ever End For Banks?

Not any time soon, no. Read more »

  • 30 Sep 2014 at 3:30 PM
  • Banks

Benjamin Lawsky Shows The Limeys How It’s Done

Let a financial wrongdoer off scot-free? That wouldn’t be good for New York Financial Services Superintendent Benjamin Lawsky’s future political career, and so it is not how New York Financial Services Superintendent Benjamin Lawsky operates. Now, unlike certain lazy, weak-willed, tea-drinking regulators, Benjamin Lawsky can’t put anyone in jail. But that doesn’t mean he’s going to let any Wall Street scofflaw escape responsibility, even if it is the easy way out. Read more »

Read on and learn, well, basically nothing that you could not have intuited. Read more »