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JPMorgan's Jamie Dimon not worried about potential trading losses
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., still won't say how much the bank could wind up losing from risky trades that cost it at least $2 billion. "We're not going to give a running tally on losses," Dimon said at a...
Tags: Media Industry, JPMorgan Chase & Co., Mark Zuckerberg, Jamie Dimon
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Deutsche Bank will pay $202 million to U.S. over bad loans
Deutsche Bank will shell out $202 million to settle claims it deceived the U.S. government about the strength of home loans it was approving under a taxpayer-backed mortgage program. The government endured $368 million in losses after a subsidiary of...
Tags: Federal Housing Administration, Mortgages
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What kind of man is Dodgers' next owner?
The L.A. Dodgers have been getting all the ink, but they aren't the only recent acquisition by Chicago financier Mark Walter. They're not even the most important, at least not from John Penn's perch at the old Grubstake Building in downtown Crested Butte,...
Tags: Companies and Corporations, Banking, Services and Shopping, Corporate Officers, Major League Baseball
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Facebook adds 25 underwriters to hotly anticipated IPO
Facebook Inc. really likes Wall Street.
The social networking giant on the verge of a hotly anticipated initial public offering has added 25 underwriters.
The new banks include Citigroup Inc., Credit Suisse Group and Deutsche Bank, increasing the number...Tags: Financing and Stock Offerings, Companies and Corporations, Media Industry, Citigroup Incorporated, Credit Suisse Group
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Dow hits 13,000 for first time since 2008 crisis
Los Angeles TimesWall Street’s bulls have reason to celebrate: The Dow Jones industrial average has crossed the 13,000 mark for the first time since the financial crisis after European leaders reached a new deal to prop up the Greek economy. The Dow first crossed...Tags: Financial Markets, Petroleum Industry, Finance, Bonds, AFL-CIO
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Anxious investors watching and waiting for Europe
Money & CompanyIn a quiet before the storm, investors have been sitting on their hands waiting for for a European summit this Friday that some commentators say is a do or die moment for the European economy.... -
Germany's economy shows signs of slowing down
World NowGerman growth slows down; Recession looms over EU star economy... -
A closer look at Mitt Romney's job creation record
Shortly after Mitt Romney resigned from Bain Capital in 1999 to run the Olympics in Salt Lake City, potential investors received a prospectus touting the extraordinary profits earned by the private equity firm that Romney controlled for 15 years....Tags: Republican Party, Companies and Corporations, Mergers, Acquisitions and Takeovers, Labor Legislation, Business
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Citi admits mortgage fraud in $158-million settlement
Citigroup Inc. is paying $158 million to settle accusations that it took advantage of a federal mortgage insurance program.
In a settlement with the Justice Department, Citi admitted that it provided misleading information about the quality of its...Tags: Corporate Crime, Federal Housing Administration, Citigroup Incorporated, Insurance, U.S. Department of Justice
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U.S. dollar is a weakling no more
Money & CompanyRemember all that talk about how the Federal Reserve was killing the dollar by printing too many of them? Suddenly, the Fed is the buck’s BFF. The dollar has been roaring against many other major and minor currencies over the...... -
Reports of boom-era mortgage fraud on rise
Money & CompanyMortgage fraud: "Treasury's Financial Crimes Enforcement Network division said in a report Wednesday that mortgage servicers filed 29,558 suspicious activity reports involving loan fraud compared to 15,727 in the same quarter of 2010."... -
New home construction surges in September; recovery still elusive
Money & CompanyNew residential construction surged 15% in September, turning in its best performance in 17 months, though economists warned that a housing recovery has yet to take hold....
May 21, 2012
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Oct 19, 2011
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