Gabe Sherman argues that Dodd-Frank has already ended Wall Street as we know it. So how did MF Global go up in flames last year? The brokerage firm’s bankruptcy was mostly the outcome of failed, risky bets it placed through complex derivatives, and it lost an estimated $1.2 billion of its customers’ money in the process. After raising this issue on Monday, I got a call from Rep. Barney Frank (D-Mass.), who argued that MF Global’s demise wasn’t a sign that Dodd-Frank had failed to regulate derivatives in a comprehensive way. Read full article > >

Read more from the original source:
Barney Frank: MF Global bankruptcy wasn’t Dodd-Frank’s fault

Connecticut’s largest utility pushed back a self-declared deadline to restore power to 99% of its customers by midnight Sunday, more than a week after a crippling early blizzard.

Read this article:
Deadline missed to restore power in CT

Bank of America got pummeled by investors and its customers Friday, a day after announcing that it would charge many debit card users a $5 monthly fee when they shop. The troubled bank, already besieged by multibillion-dollar lawsuits and massive financial losses, saw its stock fall more than 2 percent in late-morning trading. The shares have plunged almost 44 percent for the quarter, the worst-performing in the Dow Jones industrial average by far. For the year, the stock is down 56 percent. Read full article > >

Originally posted here:
Bank of America faces outrage over debit card charge

To balance a drop in items sold for big renovations, the company is trying to get women, 50 percent of its customers, excited about more modest makeovers.

Read the rest here:
Revamping, Home Depot Woos Women

T-Mobile has clarified its policy on mobile data use after anger from its customers that it had slashed the amount they could use by up to 80%.

See the original post:
T-Mobile clarifies phone data cap

Trader Joe’s has alerted its customers about the recall of products with a cilantro ingredient that may cause a serious foodborne illness.

Read the rest here:
Trader Joe’s recalls items with cilantro

BT is seeking a moratorium on legal applications to obtain details of its customers accused of illegal file sharing.

Excerpt from:
BT seeks freeze on piracy cases

Verizon Wireless said Sunday it will refund about 15 million of its customers because the company incorrectly charged them for data sessions.

Read the original here:
Verizon to give refunds to some 15 million customers