World’s largest banks pledged $906bn to fossil fuel companies in ‘unfathomable’ increase in 2025, report finds

JPMorgan Chase leads 65 banks making decisions incompatible with restraining rising temperatures, researchers say…

 https://www.theguardian.com/environment/2026/jun/09/world-banks-pledge-billions-fossil-fuel-industry-2025

‘He’s full of s--t’: JPMorgan’s Dimon rips Coinbase CEO, escalates fight over crypto bill - POLITICO

Banks oppose the bill over concerns that it allows crypto companies to offer rewards programs that pay annual percentage yield, mimicking interest-bearing bank accounts without having to comply with regulations that traditional financial institutions must follow… 

Dimon said the bill, which has been a priority for the White House, is riddled with issues, and will be fought when it comes to the Senate floor…

 https://www.politico.com/news/2026/05/29/dimon-jpmorgan-crypto-banks-coinbase-armstrong-00942998

 

Rep. Rashida Tlaib EXPOSES Where Big Banks Actually Put Your Money!

https://www.youtube.com/watch?v=xFlzFbqROYk

 

US reportedly plans to slash bank rules imposed to prevent 2008-style crash | Banking | The Guardian

Watchdogs could cut capital rules as Trump's deregulation drive opens door to rollback of post-crisis protections…

https://www.theguardian.com/business/2025/may/15/us-reportedly-plans-slash-bank-rules-imposed-prevent-2008-style-crash 

 

Banks pumped more than $150bn in to companies running ‘carbon bomb’ projects in 2022

The carbon bombs – 425 extraction projects that can each pump more than one gigaton of carbon dioxide into the atmosphere – cumulatively hold enough coal, oil and gas to burn through the rapidly dwindling carbon budget four times over. Between 2016 and 2022, banks mainly in the US, China and Europe gave $1.8tn in financing to the companies running them, new research shows...

https://www.theguardian.com/environment/2023/oct/31/banks-pumped-more-than-150bn-in-to-companies-running-carbon-bomb-projects-in-2022

Warren Says First Republic Collapse Shows Deregulation Boosted 'Too Big to Fail' Banks

"The failure of First Republic Bank shows how deregulation has made the too big to fail problem even worse," said Warren in response to the news. "A poorly supervised bank was snapped up by an even bigger bank—ultimately taxpayers will be on the hook. Congress needs to make major reforms to fix a broken banking system."…

https://www.commondreams.org/news/first-republic-bank-deregulation-too-big-to-fail

Washington Post Economics Columnist Catherine Rampell (Al Franken Podcast)

Discusses the SVB banking meltdown and the economy writ large.

Interview: 

https://alfranken.com/listen/wapo-economics-columnist-catherine-rampell

Sanders Introduces Bill to Ban Bank Execs From Fed Boards

U.S. Sen. Bernie Sanders on Thursday introduced the Federal Reserve Independence Act to prevent bank executives from serving on regional Fed boards that are responsible for regulating their institutions...

https://www.commondreams.org/news/sanders-bank-executives-federal-reserve

Reckless Capitalist Banks Rescued by Government Socialism – Again!

Once again, government socialism—ultimately backed by taxpayers—is saving reckless midsized banks and their depositors...

https://www.commondreams.org/opinion/socialism-for-wall-street

US banks want socialism for themselves - and capitalism for everyone else

The result is socialism for the rich while everyone else is subject to harsh penalties: bankers get bailed out and the biggest banks and bankers do even better. Yet average people who cannot pay their mortgages lose their homes. 

Meanwhile, almost 30 million Americans still lack health insurance, most workers who lose their job aren't eligible for unemployment insurance, most have no paid sick leave, child labor is on the rise and nearly 51m households can't afford basic monthly expenses such as housing, food, childcare and transportation...

https://www.theguardian.com/commentisfree/2023/mar/19/svb-collapse-us-banks-socialism-capitalism

Why are gas prices so high? These obscure traders are partly to blame | Oil | The Guardian

…careful analysis of this market would show that the price is not reflective of supply chain problems…

https://www.theguardian.com/environment/2022/apr/28/gas-prices-why-are-they-so-high-traders

FinCEN Files Show Criminals Moved Billions As Banks Watched

...Sen. Ron Wyden, a member of the Senate Intelligence Committee, which requested some of these SARs, said the FinCEN Files investigation "reinforces the fact that we now have two systems of law enforcement and justice in the country." Drug cartels move millions through US banks; poor people go to jail for possession. "If you're wealthy and well-connected, you can figure out how to do an enormous amount of harm to society at large and ensure that it accrues to enormous financial benefit for all of you."...

https://www.buzzfeednews.com/article/jasonleopold/fincen-files-financial-scandal-criminal-networks

Bank profits slump 70% as virus rakes businesses, households - The Washington Post

The U.S. banking industry’s second quarter profits fell by 70% from a year ago, the FDIC said Tuesday, as low interest rates and the economic turmoil of the COVID-19 pandemic weighed heavily on big and small banks alike.
https://www.washingtonpost.com/business/bank-profits-slump-70percent-as-virus-rakes-businesses-households/2020/08/25/2961458c-e6ee-11ea-bf44-0d31c85838a5_story.html

Markets drop following Fed stress test of banks | TheHill

Markets opened down Friday morning after the Federal Reserve said many banks would face difficulties in the event of a prolonged or deepening coronavirus crisis. The Dow Jones Industrial Average dropped 150 points, or 0.6 percent, and the S&P 500 fell 13 points, or 0.4 percent. On Thursday, the Fed said it would restrict banks from stock buybacks and limit dividends to investors based on the results of its latest bank stress test.....
https://thehill.com/policy/finance/504677-markets-drop-following-fed-stress-test-of-banks

Stimulus intended to help coronavirus-ravaged small businesses instead rewarding hedge funds, brokerages | Fox Business

Officials at several large banks are concerned about the potential for class warfare ....
https://www.foxbusiness.com/money/stimulus-intended-to-help-coronavirus-ravaged-small-businesses-instead-rewarding-hedge-funds-brokerages

This Is What Racism Sounds Like in the Banking Industry - NYTimes

Jimmy Kennedy earned $13 million during his nine-year career as a player in the National Football League. He was the kind of person most banks would be happy to have as a client. But when Mr. Kennedy tried to become a “private client” at JPMorgan Chase, an elite designation that would earn him travel discounts, exclusive event invitations and better deals on loans, he kept getting the runaround.....
https://www.nytimes.com/2019/12/11/business/jpmorgan-banking-racism.html

The shadow banks are back with another big bad credit bubble - The Washington Post

Federal Reserve Chair Jerome Powell gave a speech a couple of weeks back that showed that financial regulators have learned many lessons from the 2008 financial crisis, but not the most important one, namely: If regulators wait to act until they can say with certainty that a credit bubble is about to burst, they’ve waited too long.....
https://www.washingtonpost.com/business/economy/the-shadow-banks-are-back-with-another-big-bad-credit-bubble/2019/05/31/a05184de-817a-11e9-95a9-e2c830afe24f_story.html

As bank profits soar, Wall Street’s political spending hits new high - The Washington Post

Wall Street banks and other parts of the financial sector spent close to $2 billion on lobbying and campaign contributions in the 2018 election cycle, a 36 percent jump from the last non-presidential campaign year, according to a new report released Tuesday. ....
https://www.washingtonpost.com/business/2019/04/30/bank-profits-soar-wall-streets-political-spending-hits-new-high/

How a 'hard' Brexit would harm US banks, carmakers and drug companies - The Conversation US

American companies still face enormous uncertainty about how they'll be doing business in the UK and EU in the coming years, particularly as the April 12 Brexit deadline draws closer....
https://theconversation.com/how-a-hard-brexit-would-harm-us-banks-carmakers-and-drug-companies-115096

How regulators, Republicans and big banks fought for a big increase in lucrative but risky corporate loans - The Washington Post

Actions by federal regulators and Republicans in Congress over the past two years have paved the way for banks and other financial companies to issue more than $1 trillion in risky corporate loans, sparking fears that Washington and Wall Street are repeating the mistakes made before the financial crisis.....
https://www.washingtonpost.com/business/economy/how-regulators-republicans-and-big-banks-fought-for-a-big-increase-in-lucrative-but-risky-corporate-loans/2019/04/06/08c8cd58-4b1e-11e9-b79a-961983b7e0cd_story.html