Just as critics feared, the nation's top financial institutions are rewarding their shareholders at the expense of workers and customers.
The investment bank's earnings plummeted in the fourth quarter as it had to book $990 million in charges related to the new law.
Some are bound to chalk this news up to the magical equalizing powers of capitalism’s famous "invisible hand," while others might point to the democratizing sting of actual journalism as the more potent force in this mix.
The Wall Street connections of two of Hillary Clinton’s top State Department aides are forcing progressives to ask how the economic policy of a future Clinton White House would be any different from that which brought the economy to the brink in 2008.
To grasp the dangers that the Big Six banks presently pose to the financial stability of our nation and the world, you need to understand their history in Washington, starting with the Clinton years of the 1990s.
A two-year Senate investigation of the financial sector has found that banks can meddle with the economy in new and frightening ways.
A Bloomberg Markets magazine study estimates that dirt-cheap borrowing programs and other benefits have saved the nation's six largest banks -- JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley -- $102 billion since 2009.
Facebook faced more bad news Wednesday in the wake of its botched initial public offering. Shareholders filed a lawsuit against the social networking company, lead underwriter Morgan Stanley and several other Wall Street banks, alleging that they misled them about Facebook's revenue projections ahead of the IPO.
The fallout over Facebook's botched IPO continued on Tuesday with a lawsuit filed against NASDAQ over mishandled orders and word that regulators may investigate Morgan Stanley, which helped set the price of the stock, and other underwriting banks.