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Jp Morgan Chase

Jamie Dimon's SNAFU: JPMorgan's Other Derivatives' Losses

Janet Tavakoli | Posted 07.12.2012 | Business
Janet Tavakoli

The United States is trying to pull out of the greatest financial tailspins in its history. Dice-rolling braggadacio by a key officer at one of the nation's largest banks is exactly the kind of thing Congress, taxpayers and voters should find scary.

Why Blaming Jamie Dimon Misses The Point

Peter S. Goodman | Posted 07.11.2012 | Business
Peter S. Goodman

Fun as it may be to beat up on the arrogant Jamie Dimon for the $2 billion-plus derivatives fiasco at JPMorgan Chase, this is like blaming the lion that ate the kid who got too close to its cage at the zoo, rather than going after the guy who allowed such an unsafe cage to be built.

How J.P. Morgan Chase Has Made the Case for Breaking Up the Big Banks and Resurrecting Glass-Steagall

Robert Reich | Posted 07.11.2012 | Business
Robert Reich

What just happened at J.P. Morgan reveals how fragile and opaque the banking system continues to be, why Glass-Steagall must be resurrected, and why the Dallas Fed's recent recommendation that Wall Street's giant banks be broken up should be heeded.

JP Morgan Debacle Reveals Fatal Flaw In Federal Reserve Thinking

Simon Johnson | Posted 07.11.2012 | Business
Simon Johnson

In the light of JP Morgan's stunning losses on derivatives, announced yesterday but with the full scope of total potential losses still not yet clear (and not yet determined), Jamie Dimon and his company do not look like any kind of appealing role model.

Chase Going After The Poor With New Card

The Huffington Post | Catherine New | Posted 05.10.2012 | Money

JPMorgan Chase wants it all, catering to everyone from the richest customers who provide hefty returns on deposits to the poorest who are willing to p...

Ben Hallman

Shocker: $25 Billion Mortgage Settlement Expires | Ben Hallman | Posted 05.03.2012 | Business

The promises made by five of the nation's largest banks under the much-ballyhooed $25 billion mortgage settlement have a surprisingly short shelf life...

Firefighter Leaves Tip After Allegedly Robbing Bank

The Huffington Post | Andy Campbell | Posted 04.16.2012 | Weird News

He might be a bank robber, but hey, the guy's a gentleman. A firefighter was arrested on Tuesday after allegedly robbing a Dallas Chase Bank -- and...

Homeowners Stuck With High Rates Even After Refinancing Program

Posted 04.06.2012 | Business

By Cora Currier ProPublica Some homeowners are getting stuck with relatively high interest rates even after they participate in the government's p...

Can Goldman Sachs and Wall Street Compete on Improving Society, Not Just Wealth Accumulation?

R. Paul Herman | Posted 05.21.2012 | Business
R. Paul Herman

How do you pick a winner? Bet on both sides. CEOs and companies donate generously to both political parties; more than 70 percent of the S&P 500 p...

Breaking the Code of Omertà at Goldman Sachs

Joseph A. Palermo | Posted 05.19.2012 | Business
Joseph A. Palermo

Greg Smith violated the ancient code of all mafia organizations: he spilled the game to the public. His former colleagues at Goldman Sachs no doubt now see him as a "rat."

Saki Knafo

Occupy's Second Wave Spreads To Campuses With Protests Against Student Debt | Saki Knafo | Posted 03.02.2012 | College

Students from colleges and high schools around the country gathered Thursday for protests and rallies called the National Day of Action for Education....

Hey JPMorgan, A Bank Account Is Not Like A Gym Membership

The Huffington Post | Catherine New | Posted 03.01.2012 | Money

JP Morgan Chase wants consumers to believe that a maintenance fee for a checking account is just another ordinary item in a household's monthly budget...

The Real Estate Supertanker Is Turning

Rob Taub | Posted 04.14.2012 | Business
Rob Taub

For the last two years I've described the housing market as glacial, however, the ice is beginning a slow but steady thaw for the following reasons.

Catherine New

How Closed Is Your Bank Account? | Catherine New | Posted 02.13.2012 | Business

Some customers who closed bank accounts at Bank of America last fall recently received an unwelcome surprise: Their accounts reopened. Perhaps even mo...

Banks Sink to New Low by Foreclosing on Deployed Troops

Rep. Tulsi Gabbard | Posted 04.11.2012 | Politics
Rep. Tulsi Gabbard

We can and must do more to protect military families like the Rowles'. Just as we provide our troops with the best possible protection on the battlefield, we have a commitment to look out for them and their families while they're away.

Loren Berlin

Banks Fear Mortgage Settlement Doesn't Protect Against Future Fraud Charges | Loren Berlin | Posted 02.07.2012 | Business

Executives at some of the nation's largest banks could be slowing down the national settlement over allegations of widespread mortgage fraud, concerne...

Alinsky, Foreclosures and Holding Banks Accountable

Sanford D. Horwitt | Posted 04.01.2012 | Politics
Sanford D. Horwitt

Memo to the Obama Administration: if you want to see the makings of a national model to hold big banks accountable for fixing foreclosure-devastated neighborhoods, go to Milwaukee and talk to citizen leaders who are practicing what Saul Alinsky preached.

Marine Fights Freddie Mac to Save His Home

Peter Dreier | Posted 04.01.2012 | Politics
Peter Dreier

"I didn't do anything wrong. I'm doing this for my family and for the millions of other families in similar situations. We can't let the Wall Street banks and Freddie Mac get away with these kinds of practices."

Catherine New

Citibank Gets The Message: 'Start Serving Clients' | Catherine New | Posted 01.27.2012 | Business

Big banks are realizing they may actually have to pay attention to customers to keep them. An unprecedented number of people dumped billion-dollar ...

Ben Hallman

Bank Mistake May Cost Foreclosure Lawyer Her Home | Ben Hallman | Posted 01.07.2012 | Business

Christine Jackson's three-bedroom wood-frame home in Indianapolis is in danger of foreclosure. It's not because she can't afford her mortgage, but bec...

Occupy Our Homes: The Next Stage of the Occupy Movement

Peter Dreier | Posted 02.05.2012 | Politics
Peter Dreier

Criticized for focusing more on what it is against than what it is for, the Occupy Wall Street movement has now found an organizing issue it can embrace.

Banks Will Remain Unaccountable Until (Share) Owners Hold Directors Personally Liable

Jack Ucciferri | Posted 02.01.2012 | Business
Jack Ucciferri

Hopefully the next time a bank commits a crime, the guys who fell asleep at the wheel won't have their defense paid for out of your retirement account. We'll only see improvements in banks when directors are liable.

Banks May Have Illegally Foreclosed On Nearly 5,000 Military Members

Posted 11.29.2011 | Business

Even those people putting their lives on the line for their country may not be safe from the American foreclosure crisis. Ten lenders are reviewing...

Some Missing MF Global Money May Be At A Big Bank In Britain

Posted 11.29.2011 | Business

About $200 million in customer funds missing at MF Global may have surfaced at JP Morgan Chase in Britain, the New York Times said, citing people brie...

Occupy Wall Streeters: Be Careful What You Ask For

Jonathan_Miller | Posted 01.23.2014 | Politics

"Invest in Kentucky" can prove to be an influential force if it chooses to get the discussion started. But it first needs to turn its sights to the right target, and petition the General Assembly to effectuate the change it so desires.