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Lew says Fannie Mae payment helps delay debt limit until Labor Day
WASHINGTON -- A nearly $60-billion dividend payment to the government by taxpayer-owned Fannie Mae will help push off the effective date on which the U.S. would hit its debt limit until at least Labor Day, Treasury Secretary Jacob J. Lew said Friday....
Tags: Fannie Mae, Parties and Movements, Labor Day, Holidays, Politics
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California sues JPMorgan over debt collection tactics
In a lawsuit that echoes the worst abuses of the foreclosure crisis, the state's top law enforcement official is suing the nation's largest bank, accusing it of using aggressive and illegal tactics to collect credit card debt from thousands of...
Tags: Laws, Litigation, Justice System, Trials, Consumers
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Fed: Some borrowers shortchanged in foreclosure settlement
Nearly 100,000 troubled borrowers were shortchanged on payments from Goldman Sachs Group Inc. and Morgan Stanley & Co., the Federal Reserve said — money intended to compensate for possible errors and abusesduring foreclosure proceedings in 2009...
Tags: Mortgages, Financial and Business Services, Bank of America Corp., Morgan Stanley Dean Witter & Company, Federal Reserve
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Foreclosure-abuse settlement checks bounce
Some borrowers who received compensation for possible foreclosure abuses were told to take a hike this week when they tried to cash the checks. Just when it seemed the mortgage mess might be tailing off, it was the latest debacle for a program whose...
Tags: Office of the Comptroller of the Currency, Bank of America Corp., Federal Reserve, Finance, Economy, Business and Finance
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Customers more satisfied with big banks, J.D. Power survey says
Megabanks still lag behind their smaller brethren in customer satisfaction, but the goliaths are catching up, according to a national survey that ranked JPMorgan Chase Bank highest among the big dogs and Bank of America lowest. The J.D. Power and...
Tags: Citigroup Incorporated, Bank of America Corp., Marketing, City National Corporation, Banking
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BofA quadruples its profit but disappoints investors
Bank of America Corp. quadrupled its first-quarter profit, reducing expenses and loan losses and reporting better brokerage and investment banking results, but continued to be bogged down by its mortgage operations, disappointing investors. Trying to...
Tags: Mortgages, Real Estate, Bank of America Corp., Services and Shopping, Finance
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JPMorgan Chase, Wells Fargo post sharply higher profits
Two of the nation's healthiest banks reported sharply higher profits and fewer loan delinquencies as bank earnings season began, but a slowdown in the mortgage business disappointed investors. JPMorgan Chase & Co.'s first-quarter earnings rose 33% and...
Tags: Loans, Mortgages, Earnings, Real Estate, Services and Shopping
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Boxer urges investigations into banks' mortgage pact adherence
Saying too many homes have been lost “to bank malfeasance or error,” Sen. Barbara Boxer called for federal investigations into whether banks are breaking the consumer-protection pledges they made in last year’s $26-billion settlement...
Tags: Mortgages, Citigroup Incorporated, Financial and Business Services, Bank of America Corp., Shaun Donovan
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Stocks fall on jobs report
NEW YORK — The government's disappointing jobs report disheartened investors about the pace of the global economic recovery, and short-circuited a rally that pushed stocks up more than 10% during the first three months of the year. Investors...
Tags: Financial Markets, Federal Reserve, Finance, Career and Workplace, Employment
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Avid financial troubles spook Hollywood film editors
In the realm of Hollywood film editors, Avid Technology Inc., is king. But in recent weeks, some unsettling news about the company has its loyal users worried about the company's future. I came across some of these concerns while reporting a story...Tags: Entertainment Events, Media Industry, Music Industry, Avid Technology Incorporated, Invention and Innovation
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Century Plaza Towers to fill nearly three floors with new tenants
Landlord J.P. Morgan Asset Management has signed new tenants to fill nearly three floors in the Century Plaza Towers in Century City. Law firms Blank Rome and Polsinelli Shughart will each take a floor, or more than 25,000 square feet. Wealth...Tags: AEG, Alcoa Incorporated, Rental Service, Northern Trust Corporation
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Ina Drew, who oversaw JPMorgan's 'London Whale,' saddened by losses
WASHINGTON -- Ina Drew, the former JPMorgan Chase & Co., executive who oversaw the “London Whale” trades, admitted mistakes led to at least $6.2 billion in losses and told senators Friday she was “saddened” by the scandal last...
Tags: Office of the Comptroller of the Currency, Jamie Dimon, Finance, Economy, Business and Finance
May 10, 2013
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May 9, 2013
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May 9, 2013
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Apr 18, 2013
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Apr 18, 2013
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Apr 17, 2013
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Apr 12, 2013
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Apr 12, 2013
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Apr 6, 2013
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Mar 29, 2013
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Mar 28, 2013
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Mar 15, 2013
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Original site for JPMorgan Chase & Co. topic gallery.
