Items Tagged with 'big banks'

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Fed governor donates to Clinton campaign

Unusual move raises eyebrows in contentious election year
A recent move by Federal Reserve Governor Lael Brainard to donate to Democratic presidential frontrunner Hillary Clinton puts the Fed in a position to be criticized in this contentious election year. While Fed officials do identify with major political parties, donations to a presidential candidate by senior policy makers are unusual.
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JPMorgan’s Dimon to Sen. Warren: Hit me with a fine. We can afford it

New afterword from Warren’s book reveals tense exchange
It’s probably safe to say that of all the elected officials that walk the halls on Capitol Hill, Sen. Elizabeth Warren isn’t Wall Street’s favorite, but a newly released excerpt from Warren’s book “A Fighting Chance,” shows just how tense her interactions with Wall Street’s bigwigs can be.
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Nonbanks pounce on mortgage market

Big banks pull back
Nonbanks are swooping in on the extra market share that megabanks are losing ground on. At the same time, the nation’s two largest originators only made 21% of the home loans in the second quarter.
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