Without a doubt, the big banks should be broken up; the need is even more urgent than it was in 2007 or 2008. The Federal Reserve Bank of Dallas – hardly an Occupy Wall Street affiliate – titled its 2011 Annual Report "Choosing the Road to Prosperity: Why We Must End Too Big to Fail – Now."

If you think Wall Street has cleaned up its act after a global financial disaster and then sweeping reform legislation, think again. A new survey by Labaton Sucharow, a law firm that represents Wall Street whistleblowers, has revealed that the financial services industry still has profound ethical

This morning, several media outlets rushed to report that Commodity Futures Trading Commission Chairman Gary Gensler had lost his battle to secure robust rules governing the international exercise of the Commission’s jurisdiction to govern derivatives.

We have learned, painfully, of the damage derivatives can do to an economy in a financial crisis. But derivatives are hurting the economy even on its best days, according to a new study.

Regulators in the United Kingdom are looking into allegations that traders from some of the world's largest banks have been manipulating benchmark foreign-exchange rates to make profits on the backs of clients. Bloomberg News broke the story earlier this week, citing interviews with several

In the wake of the National Security Agency scandal, the mainstream media is obsessing over Edward Snowden’s security clearance. It is asking, along with Senators from the Intelligence Committee, why a systems administrator at Booz Allen Hamilton had access to troves of top-secret documents and

One by one, the House Financial Services Committee has rubber-stamped industry approved bills that would weaken elements of Dodd-Frank designed to hem in risky derivatives trading.

A new report details how the failure to finalize rules harms the American people by compromising the safety of food, automobiles, workplaces and protections for investors.

Imagine that you're trying to make an extremely complicated decision. You want to understand the facts and do the right thing. At one ear, you have someone -- perhaps a former colleague -- who whispers you highly detailed advice six times a day, cajoling and pleading. At the other ear, is someone

Progressive organizations in New York City and Washington, D.C. rail a good amount against big banks. But not enough of those organizations have cut themselves off from those "too-big-to-fail" institutions to join, say, the Amalgamated Bank (AB), a bank which does not have a history of scandals and