The Federal Reserve is finally admitting that not all the big banks are healthy: Bank of America won’t get to pay increased dividends. But none of those financial giants should be allowed to, and a logical look at the reasons t…
Almost as soon as regulators proposed a settlement for the mortgage mess that would require banks to obey the law, the banks’ Republican allies began trying to weaken it through obfuscation and confusion. Read on for some plain…
The mortgage mess settlement proposal is a repudiation of the servicing industries’ standard business practices. The agreement also reads as an indictment — not just of the servicing industry, but also of law enforcement, regu…
HSBC got plenty of attention when it disclosed that it had suspended foreclosures in its annual report Monday. But its not the only bank whose annual report made for interesting reading. The risk disclosures in banks’ annual re…
Back in December 2008, John H. was small-business owner with perfect credit and a house he could afford. But when his business started suffering, he appealed to Citi Residential Mortgage for a modification. Now, he faces forecl…