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Jp Morgan Chase

#AskJPM Blow Up Nothing to Laugh About

Dennis M. Kelleher | Posted 01.25.2014 | Business
Dennis M. Kelleher

Regarding the #AskJPM blowup, one article began by asking the right question: "What were they thinking?" The answer is, they weren't thinking; they were all talking to themselves and like-minded executives.

The Most Disturbing Part Of The JPMorgan News Is That It's Not Shocking At All

Peter S. Goodman | Posted 01.23.2014 | Business
Peter S. Goodman

JPMorgan Chase stands accused of essentially funneling funds to Wen Jiabao's only daughter to win business in China, bringing a federal probe. Yet the takeaway here merely reinforces a truth that has long been evident to those paying attention to the pungent interplay of money and power in China: Despite the prattling of global business leaders that their presence in China is a wholesome boon to justice and right, they have frequently enriched themselves by engaging in the very dirty doings they claim to disdain.

Time for Wall Street to Stop Blocking Mel Watt

Mike Lux | Posted 12.30.2013 | Politics
Mike Lux

Wall Street doesn't want a new director of FHFA. They like things the way they are, and don't want a new sheriff in town. That is why Republicans are so willing to buck history and tradition, are so willing to stop the first African-American appointee to run FHFA to be confirmed.

More Bad News For JPMorgan

Reuters | Karen Freifeld | Posted 01.23.2014 | Business

NEW YORK, Oct 22 (Reuters) - JPMorgan Chase & Co is nearing an agreement worth close to $6 billion with a group of institutional investors to settl...

JPMorgan Chase's $13 Billion Fine Pales In Comparison To Profits From Crisis Deals

The Huffington Post | Mark Gongloff | Posted 10.22.2013 | Business

If JPMorgan Chase is a scapegoat, it is an extremely well-paid scapegoat: The crisis-era mergers that are costing the bank a small fortune in fines pr...

$13 Billion and Counting

Mike Lux | Posted 01.23.2014 | Politics
Mike Lux

Big bank executives are finally starting to sweat. Having gotten away for many years with relatively tiny, slap-on-the-wrist fines where they got exemption from any future legal action, a big $13 billion fine with no criminal side settlement is a different ballgame entirely.

NOW Are We Allowed Talk About Firing Jamie Dimon?

The Huffington Post | Mark Gongloff | Posted 10.11.2013 | Business

If he hasn't lost it already, JPMorgan Chase CEO Jamie Dimon should probably lose his title as America's greatest banker. Maybe it's also finally time...

Shutdowns and the Real World

Mike Lux | Posted 01.23.2014 | Politics
Mike Lux

The shutdown is the story of the moment. But there are also other real things going on in the real world that have huge consequences for, yes, real people -- and the media shouldn't ignore those other stories.

Is the President Selling Out Higher Education to Wall Street?

Les Leopold | Posted 11.26.2013 | Business
Les Leopold

The Obama Administration is transporting Wall Street logic into higher education by proposing to measure the value of a college by the earnings of its graduates. This conceptual coup may be the best news for Wall Street since the abolition of Glass-Steagall.

Obama and Holder's "Too Big to Jail" sticks it to Main Street

Don McNay | Posted 11.26.2013 | Business
Don McNay

I've been a fierce critic of Wall Street and especially the Wall Street bailouts. If you study my writing over the years, there is one bank that get...

Bank Bailouts & Financial Skulduggery: A Lesson from History

Adrian Teal | Posted 11.26.2013 | Business
Adrian Teal

As if one were needed, the news that JP Morgan Chase & Co. has been embroiled in yet another banking scandal is a reminder that the world of finance long ago hocked its cracked and dented moral compass to the pawnbroker.

Zach Carter

Another Whopping JPMorgan Chase Legal Settlement Under Discussion | Zach Carter | Posted 09.26.2013 | Business

WASHINGTON -- Federal and state authorities are discussing an $11 billion settlement with JPMorgan Chase that would resolve numerous allegations of mo...

Obama's Friends in Low Places

Robert Scheer | Posted 11.23.2013 | Politics
Robert Scheer

Why are we not surprised that Obama has done nothing to break up the too-big-to-fail banks, the biggest now being Dimon's? Don't be fooled by the occasional fines; the banks have used the interest-free money to grow ever larger and more unaccountable in their behavior.

JPMorgan Chase: "Incredibly Guilty"

Richard (RJ) Eskow | Posted 11.20.2013 | Politics
Richard (RJ) Eskow

Fairness demands that we say it again: It may very well be that leadership team at JPMorgan Chase is  shocked -- shocked! -- at all this criminality, and may simply lack the basic managerial skills needed to end it.

SHOCK: Dimon Finally Admits His Bank Broke The Law

The Huffington Post | Mark Gongloff | Posted 09.19.2013 | Business

In the years since the financial crisis, we may not have solved too big to fail, sent any bankers to jail, or done much to prevent another financial c...

The Future of Regional and Community Banking

Mary Buffett | Posted 11.03.2013 | Business
Mary Buffett

Community and smaller-to-mid-sized regional banks serve a variety of interests. They tend to favor the needs of local and mid-sized businesses or specific socio-economic communities who want a more personalized approach to banking.

Mark Gongloff

Wall Street Continues To Document Really Sketchy Stuff In Spreadsheets | Mark Gongloff | Posted 08.29.2013 | Business

When will Wall Street ever learn? For years it has left evidence of its lawbreaking in emails and instant messages. Now it can't seem to stop document...

JPMorgan Faces $6 Billion Legal Hit: Report

The Huffington Post | Mark Gongloff | Posted 08.28.2013 | Business

U.S. officials may want to extract a London Whale-size legal settlement from JPMorgan Chase. The Federal Housing Finance Agency wants JPMorgan, the...

Eleazar David Melendez

JPMorgan Would Be Worth More In Pieces, Analyst Says | Eleazar David Melendez | Posted 08.26.2013 | Business

Breaking up JPMorgan Chase & Co. could make billions of dollars available to the economy and be a boon to the bank's own shareholders, according to on...

Sherry Hernandez: Stuck in the Revolving Door

Joel Sucher | Posted 10.14.2013 | Business
Joel Sucher

Sherry's story follows an all too familiar trajectory and one that any homeowner who's had the misfortune of dealing with nobody's-favorite-mortgage-company, Countrywide Financial, can relate to.

JPMorgan Investors Shrug Off 27 Days Of Bad Press In Single Quarter

The Huffington Post | Mark Gongloff | Posted 08.12.2013 | Business

No wonder JPMorgan Chase is too big to fail: It's squeezing at least two very different banks inside one. One bank is an (alleged!) serial troublem...

Mark Gongloff

JPMorgan Investors Aren't Too Worried About New Probes | Mark Gongloff | Posted 08.08.2013 | Business

If it's Thursday, it must mean that JPMorgan Chase is in some kind of trouble again. This has become such a common thing that JPMorgan investors hardl...

CHARTS: JPMorgan's Penalty Payouts Dwarfed By Monstrous Profits

The Huffington Post | Mark Gongloff | Posted 07.31.2013 | Business

JPMorgan Chase's $410 million deal to settle charges it manipulated electricity markets in California and Michigan brings the amount the bank has paid...

Goldman Sachs, JP Morgan Chase: Pulling an Enron With Commodities

Joseph A. Palermo | Posted 09.20.2013 | Business
Joseph A. Palermo

Goldman Sachs is doing to aluminum exactly what Enron did to energy in the late 1990s and early 2000s: create phony bottlenecks to restrict supply to rip off consumers and skew markets in their favor for things society vitally needs.

Look Who's In Trouble Again

The Huffington Post | Mark Gongloff | Posted 07.17.2013 | Business

JPMorgan Chase is in another pickle, one that reportedly could cost it a billion dollars. The Wall Street Journal reported on Wednesday (subscripti...