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How the banks and big banks are getting rich from the financial crisis

A lot of banks are profiting from the housing market's bust.Banks and their investors are pouring millions of dollars into housing-related businesses like leasing, financing, and buying homes."I think it's a good thing for people," said Mark Zandi, chief economist at Moody's Analytics.The housing market has been particularly volatile this year, with investors buying homes as they fall on hard

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How does a bank earn billions?

Banks have grown increasingly profitable in recent years, and they have also come under increasing scrutiny for the way they manage the billions of dollars that go into them each year.In an article for the Financial Times, journalist Adam Davidson says that while some banks may be making money on the back of high-risk clients, many are doing so at

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FINRA fined $1.9 million for selling access to financial intermediaries

CTFCC, a registered intermediary program created by the Financial Institutions Supervisory Agency (FINRA), has agreed to pay a total of $1,917,821 in fines and penalties to settle a federal lawsuit alleging the agency sold access to its clients to third parties.The settlement came as a result of a class action lawsuit filed by former CTFACS whistleblower Thomas Hays in 2015.Hays

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