Many critics of the Dodd-Frank financial regulatory overhaul will say that the bill’s biggest shortcoming is its failure to reduce the size of the largest banks — the ones that are “Too Big To Fail.” Federal Reserve Governor Daniel Tarullo,...
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Photograph by Nicholas Roberts/AFP via Getty Images
This September 15, 2008 file photo shows the sign for Lehman Brothers headquarters in New York.
Dodd-Frank’s Missing Link
Photograph by John Lund/Getty Images
Bloomberg by the Numbers: $141.3 Billion
That was the net income for U.S. banks in 2012, the second-best year on record, according to the Federal Deposit Insurance Corporation. Banks reported fourth-quarter net income of $34.7 billion, according to the FDIC’s Quarterly Banking Profile, Bloomberg’s Jesse Hamilton...
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Photograph by Victor J. Blue/Bloomberg
A U.S. Postal Service (USPS) employee pushes a cart full of mail from a postal delivery truck in New York on Nov. 15, 2012.
Junk-Mail Relief — Bad for Business
This isn’t the kind of help the U.S. Postal Service had in mind when it asked Congress to pass a bill affecting it before adjourning for the year. The House, which hasn’t acted on a broad postal reform bill proposed...
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Obama: America Better Off Than ’08 — Crossroads: Broken Promises
“Forward.” This has been a catchword of the Obama campaign for some time, it was sounded at the Democratic National Convention in Charlotte and now it’s the theme of a minute-long campaign ad that challenges Republican Mitt Romney on both...
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Photograph by Chuck Burton/AP Photo
A Bank of America ATM in Charlotte.
Bloomberg by the Numbers: 21
That’s the percentage of Americans who say they have a “great deal” or “quite a lot” of confidence in U.S. banks — a record low, according to a Gallup survey taken June 7-10. The polling group has asked respondents for...
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Photograph by Andrew Harrer/Bloomberg
Daniel Tarullo, governor of the U.S. Federal Reserve, right, with Senator Sherrod Brown, a Democrat from Ohio, before a Senate Banking hearing.
Washington JPMorgan Probe Finding Banks Too-Big-To-Manage?
Sherrod Brown said it last week — and when JPMorgan CEO Jamie Dimon comes back to Washington today, Congress is going to try to pinpoint whether the Democratic Senator is right. Flash back a few days to Dimon, who has...
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Photograph by Spencer Platt/Getty Images
JPMorgan Chase Chairman Jamie Dimon.
Higher Capital Ratios: It’s the Market, Stupid
Since the financial crisis, the U.S. banking system has made material steps to increase the quality and quantity of capital which it uses to fund its business. As a result, the financial system is much sounder because banks have far...
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Photograph by Timothy A. Clary/AFP/Getty Images
JP Morgan Chase headquarters in New York.
Bankers Snap Up Swaps as Regulation Looms
The bankers are getting nervous. The talk in Washington about heightened regulation — and what seems like an increasingly real risk that talk may translate into action this time — has investors buying more credit-default swaps on Wall Street banks. In...
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Photograph by Everett Collection
James Stewart, Donna Reed, and Thomas Mitchell in 'It's a Wonderful Life.'
A Canadian Banker Washington Could Grow to Love
The last real bank is in Canada. While he’s not specifically referring to JPMorgan and the $2 billion loss that’s the talk of New York and Washington, Edmund Clark at Toronto-Dominion Bank says banks should be “old-fashioned.” “What fundamentally happened...
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Photograph by Jeff Mermelstein/Stone/Getty Images
Magic Number of the Day: 6,291
That’s the number of commercial banks that were insured by the Federal Deposit Insurance Corporation at the end of 2011, according to statistics published by the independent agency that insures deposits and regulates banks. The number is down 3.7 percent...
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Contributors
-
Al Hunt
is a columnist for Bloomberg View and host of the weekly show "Political Capital with Al Hunt" on Bloomberg TV. -
Mark Silva
is deputy managing editor for government news in Washington and editor of Political Capital. He has covered the White House and national politics. -
Emma Fidel
is political editor for Bloomberg.com in Washington. She previously covered financial regulation as a Bloomberg intern. -
Don Frederick
edits political and government coverage for Bloomberg News. He previously worked for more than a decade at the Los Angeles Times' Washington bureau. -
Gregory Giroux
analyzes elections, financing of congressional and presidential elections, political advertising and demographics in Bloomberg's Washington Bureau. -
Julie Bykowicz
covers the influence of money and lobbying in Washington, and covered the state legislature and city crime for the Baltimore Sun for 10 years. -
Jonathan Salant
covers campaign finance and lobbying in Washington. He was president of the National Press Club and started in Washington in 1987. -
Richard Rubin
covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010. -
Julie Hirschfeld Davis
is a senior political reporter for the Washington Bureau. She covered the 2012 campaign for Bloomberg News and previously covered the White House for the Baltimore Sun. -
Lisa Lerer
covers the White House and covered the 2012 campaign for Bloomberg News. She covered Congress, lobbying and the 2008 campaign for Politico. -
John McCormick
is a national political reporter looking forward to the 2016 presidential campaign, which will be the fifth he's covered. He's also reported for The Des Moines Register and Chicago Tribune. -
Julianna Goldman
covers the White House for Bloomberg News and Bloomberg Television. -
Hans Nichols
covers the White House for Bloomberg News and Bloomberg Television. -
Margaret Talev
covers the White House for Bloomberg News and covered the White House for McClatchy Newspapers. She has covered California and Florida politics. -
Cary O'Reilly
is Editor at Large at Bloomberg First Word and is Washington Daybook columnist for Bloomberg Government and Bloomberg News.
