Category: Jacob Clary

This Week in Banking News, Friday, December 23rd.

    Paul Volcker, the economist after whom the rule is named.   This is a new weekly feature by Occupier staff.   Bank of America paying for the sins of its subsidiary: The largest fair practice settlement in history is still too small if it doesn’t come with a formal admission of wrongdoing. Bank…

The Die Is Cast

Last month we published an article concerning the most recent downgrade of the Bank of America Corporation, or BAC, by the credit rating agency Moody’s. The downgrade had triggered a demand for further collateral by the bank’s counterparties–that is, security for those with something to lose should the bank go under. The collateral offered was…