Recent financial disclosures show overdraft to be lucrative for commercial banks, and a burden on their most vulnerable customers.
JPMorgan Chase
Posted inTAP
CEOs: Stakeholders, Shmakeholders
Today on TAP: The Business Roundtable’s broken promise
Posted inPolitics
Joe Biden’s Friend From JPMorgan Chase
Peter Scher, a Biden ally tipped as a possible high-level official in his White House, lays bare the difficulties of reconciling progressive populism and corporate-friendly technocracy.
Posted inEnergy and the Environment
JPMorgan Concedes It’s Trying to Buy an Electric Utility
The bank had denied for months that it was behind the sale of El Paso Electric.
Posted inMoney, Politics, and Power
Why Billionaires Don’t Really Like Capitalism
There are basically only five ways to accumulate a billion dollars, and none of them has to do with being successful in free market capitalism.
Posted inMoney, Politics, and Power
JPMorgan Gets Back Into the Electricity Business
An El Paso, Texas, electric utility is being purchased by an investment fund with deep, undisclosed ties to the big bank.
Posted inEconomic Policy
How to Really End Shareholder Capitalism
It’s now increasingly clear that maximizing shareholder value has led to minimizing everything else a corporation could and should do.
Posted inEconomic Policy
The Business Roundtable’s Strange Outbreak of Social Conscience
Needed: less public relations blather and more pitchforks
Posted inEconomic Policy
The Shameful Silence of the CEOs
The corporate statesmen of the mid-20th century have been replaced by sycophantic Dimons of the 21st—at a time when we need statesmen more than ever.
