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Jpmorgan Chase

William Alden

New York Federal Reserve Director Provokes Accusations Of Conflict Of Interest

HuffingtonPost.com | William Alden | Posted 10.24.2011 | Business

NEW YORK -- A director of the Federal Reserve Bank of New York, who is supposed to represent the public, has provoked criticism that she has a conflic...

Simon Johnson: Low Bank Capital Is Next U.S. Fiscal Crisis

Bloomberg | Simon Johnson | Posted 10.01.2011 | Business

The summer debate that has dominated Washington seems straightforward. Under what conditions should the U.S. government be allowed to borrow more mone...

Lesson From the Debt Ceiling Negotiations: The GOP Is Now Run by Far Right Ideologues

Mitchell Bard | Posted 09.23.2011 | Politics
Mitchell Bard

Opposing raising the debt ceiling is essentially an announcement to the world the United States will not stand by its commitments. No American should want to be part of such a statement.

Fewer Perks, More Work For Wall Street's Summer Interns

New York Times | KEVIN ROOSE | Posted 09.21.2011 | Business

In better days, college-age interns at the nation’s largest investment banks, known as summer analysts, were treated like young royalty. But shrinki...

Alabama County Likely To Declare Bankruptcy

Posted 09.20.2011 | Business

Alabama's troubled Jefferson County faces an 80 percent chance of declaring bankruptcy, one of its commissioners said on Thursday, as U.S. experts...

Shahien Nasiripour

WATCH: Senior Obama Administration Official Says Government Hasn't Sufficiently Probed Foreclosure Abuses

HuffingtonPost.com | Shahien Nasiripour | Posted 09.14.2011 | Business

WASHINGTON -- A top Obama administration official on Thursday questioned the scope of the state and federal investigations into alleged mortgage abuse...

Why Wall Street Seems Unfazed By Default Threats

AP | By BERNARD CONDON and MATTHEW CRAFT | Posted 09.14.2011 | Business

NEW YORK -- The CEO of a big bank says a U.S. default could be catastrophic for the economy. The head of the Federal Reserve warns of chaos. And a cre...

Shahien Nasiripour

JPMorgan Chase Profit Jumps 13 Percent Despite Mortgage Woes

HuffingtonPost.com | Shahien Nasiripour | Posted 09.13.2011 | Business

NEW YORK -- JPMorgan Chase, the second-largest U.S. bank by assets, reported a 13 percent jump in profits, to $5.4 billion, as lending continued to sl...

JPMorgan's Income Rises On Higher Fees, Cutting Credit Card Losses

AP | PALLAVI GOGOI | Posted 09.13.2011 | Business

(AP) NEW YORK -- JPMorgan Chase & Co. says its second-quarter income rose 13 percent as the bank collected higher fees from equity and debt underwriti...

Want to Solve All Your Problems, Rupert Murdoch? Become a Banker.

Richard (RJ) Eskow | Posted 09.12.2011 | Business
Richard (RJ) Eskow

Rupert Murdoch's got problems. But there's an easy way for him to save his company: Turn the News Corporation into a Wall Street bank. There won't be any prosecutions, and the government will even sweeten the deal with billions of dollars in easy money.

Three Reasons Why The Recovery Is A Long Way Off

The Fiscal Times | JAMES C. COOPER | Posted 09.11.2011 | Business

Fiscal stimulus doesn't last forever. At some point, the economic boost from temporary increases in government spending and one-off tax cuts goes away...

Federal Prosecutors Take Softer Approach To Corporate Crime

The New York Times | GRETCHEN MORGENSON and LOUISE STORY | Posted 09.06.2011 | Business

As the financial storm brewed in the summer of 2008 and institutions feared for their survival, a bit of good news bubbled through large banks and the...

JPMorgan Chase Gets Dismissal Of Madoff Conspiracy Lawsuit

Posted 09.06.2011 | Business

NEW YORK (Jonathan Stempel) - A federal appeals court threw out a lawsuit accusing JPMorgan Chase & Co of violating U.S. racketeering law by consp...

JPMorgan Close To Overtaking BofA As Biggest U.S. Bank

Posted 09.06.2011 | Business

NEW YORK (David Henry) - JPMorgan Chase & Co is close to vaulting past Bank of America Corp to become the biggest bank in the United States, but i...

15 Corporate Earnings That Will Rule The Summer Markets

24/7 Wall St. | Posted 09.06.2011 | Business

24/7 Wall St. is probably not alone in noticing that there were very few earnings warnings issued by the major companies that dictate market trends go...

WATCH: Man Reportedly Jailed For Cashing Legitimate Check

The Huffington Post | James Sunshine | Posted 09.06.2011 | Business

Last June, 28-year-old Ikenna Njoku of Auburn, Washington was reportedly imprisoned for four days after trying to cash a Chase check the bank itself h...

JPMorgan Pays $228 Million To Settle Bid-Rigging Charges

Posted 09.06.2011 | Business

(AP) WASHINGTON -- A JPMorgan unit is paying $228 million to settle civil fraud charges that it rigged dozens of bidding competitions to win business ...

Shahien Nasiripour

Regulators Scrutinizing Mortgage Lawsuits Against Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 09.05.2011 | Business

WASHINGTON -- Federal bank regulators are scrutinizing more than 150 home loan-related lawsuits directed at lenders and mortgage companies, a top offi...

Banking Groups Complain Of 'Unfair' Pay Clawbacks

Posted 09.05.2011 | Business

HuffPost Update: The FDIC approved a rule Wednesday that allows regulators to claw back up to two years of Wall Street executives' pay if they are fou...

Barron's Brings Us Halloween in July Predicting $150/bbl Oil

Raymond J. Learsy | Posted 09.04.2011 | Business
Raymond J. Learsy

Business must be slow and circulation down at Barron's. What better way to stimulate newsprint distribution than a blazoned scaremonger front page headline as in this past weekend's edition, "Get Ready For $150 Oil".

BofA, JPMorgan Modifying Risky Mortgages Without Being Asked

Posted 09.03.2011 | Business

Bank of America Corp and JPMorgan Chase & Co have started modifying tens of thousands of mortgages where the banks deem the loans especially risky...

Credit Card Issuers Can Increase Security With Simple Steps: Study

EILEEN AJ CONNELLY | Posted 08.29.2011 | Business

NEW YORK (AP) — Credit card companies could make customers' accounts and identities more secure with a few simple steps. That's what consulting f...

New Rules Help Regional Banks At Expense Of Big Banks: Analysis

Posted 08.27.2011 | Business

NEW YORK (David Henry and Dan Wilchins) - New regulations announced over the weekend will likely benefit PNC Financial Services Group Inc, US Banc...

Jamie Didn't Know: The Tragic Legacy of JPMorgan Chase's CEO

Richard (RJ) Eskow | Posted 08.27.2011 | Business
Richard (RJ) Eskow

We can already suspect that Dimon's legacy will be written with the words "Jamie didn't know." Given the level of corporate malfeasance in his organization during his tenure as CEO, it seems that he's been a remarkably unobservant executive.

JPMorgan To Settle With SEC For $153.6M Over Misleading Investors

Posted 08.21.2011 | Business

WASHINGTON/NEW YORK (Sarah N. Lynch and Jonathan Stempel) - JPMorgan Chase & Co said it agreed to pay $153.6 million to settle U.S. Securities and...