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Jpmorgan Chase

Lehman Brothers Tricked Clients With 'Goat Poo' Assets, Lawsuit Says

Posted 05.25.2011 | Books

NEW YORK (By Caroline Humer) - Lehman Brothers and Barclays deceived JPMorgan Chase & Co with bad assets that the failed investment bank's own employ...

JPMorgan Accused of Fraudulently Selling Securities

The Huffington Post | William Alden | Posted 05.25.2011 | Business

JPMorgan Chase is being sued by Allstate insurance company for fraud, in the latest example of a big bank being accused of knowingly selling a poor-qu...

JPMorgan CEO: Bank Won't Be 'Goaded Into Doing Something Dumb'

Posted 05.25.2011 | Business

NEW YORK (By Clare Baldwin) - JPMorgan Chase & Co Chief Executive Jamie Dimon said his bank will not be "goaded into doing something dumb" with it...

The Big Banks' Battle Against Consumers and Homeowners

Mike Lux | Posted 05.25.2011 | Business
Mike Lux

Trying to build a new agency whose actual mission is to act on behalf of consumers in times like these is a treacherous undertaking, and Elizabeth Warren is battling on two major fronts of her own.

Lawsuit Suggests Banks May Have Improperly Cashed In On Bad Loans

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Before the real estate crash decimated investor wealth and precipitated a punishing foreclosure crisis, several banks may have improperly pocketed com...

Ryan Grim

Top House Democrat: JPMorgan Responsible For "Homicide" Of Soldiers | Ryan Grim | Posted 05.25.2011 | Politics

WASHINGTON -- A leading House Democrat said on Wednesday that executives at JPMorgan Chase are responsible for the deaths of soldiers who take their o...

Gold Game Changer: J.P. Morgan Accepts Bullion as Money

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

Though I don't recall the G-20 declaring a new currency standard, J.P. Morgan announced on Monday that it will accept physical gold as collateral for investors who want short-term loans of cash or securities.

The Third Chamber: Why AIG's CEO and Jamie Dimon Don't Give a Damn What You Think

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

The Chamber of Commerce doesn't represent "business." It represents a small number of massively influential businesses, most of whom are suffocating the startup and mid-sized companies that are the real engines of growth.

Jamie Dimon, JPMorgan Chief, Wants Some R-E-S-P-E-C-T: Reuters

Posted 05.25.2011 | Business

NEW YORK (By Elinor Comlay and Matthew Goldstein): At last week's World Economic Forum in Davos, Switzerland, the JPMorgan Chase chief executive o...

Peter S. Goodman

Bernie Madoff's Relationship With JPMorgan Should Shock No One | Peter S. Goodman | Posted 05.25.2011 | Business

So now we learn that senior executives with decision-making authority inside JPMorgan Chase -- the Wall Street behemoth that is supposedly run by the...

Bookstore Obituary?

Seattle PI | Amy Rolph | Posted 05.25.2011 | Books

The shop, located at the corner of Northeast 45th Street and University Way Northeast since 1997, is moving entirely online at the end of March....

Simon Johnson: The Ruinous Fiscal Impact Of Big Banks

New York Times | SIMON JOHNSON | Posted 05.25.2011 | Business

The newly standard line from big global banks has two components -- as seen clearly in the statements of Jamie Dimon of JPMorgan Chase and Robert E. D...

Big Banks Have 'Already Seen Their Glory Days,' Analysts Say | Jia Lynn Yang | Posted 05.25.2011 | Business

Revenues at big financial firms are down across the board and could continue stalling for years as new regulations kick in and consumers borrow vastly...

Zach Carter

Banks' Share Of Low-Income Tax Refunds Will Fall This Year, Consumer Advocates Say | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- Friday is the Treasury Department's Earned Income Tax Credit Appreciation Day, a celebration of what is arguably the U.S. government's l...

Double-Speak: Praise the Troops, Then Pick Their Pockets

Russ Baker | Posted 05.25.2011 | Politics
Russ Baker

Events keep on underlining the gap between the rhetoric and the reality. Nowhere is this more true than with the disparity between the way we talk about our soldiers and their service and the way they are actually treated.

Covering the Neglect of Working People

Russ Baker | Posted 05.25.2011 | Business
Russ Baker

A lot of this talk about "job creation" is really not about that at all, but about creation of benefits to the people at the top, under the implied or assumed justification that jobs will appear magically down below as a result.

Ryan Grim

Issa Blocks Dem From Making Case Against JPMorgan At Start Of Foreclosure Hearing | Ryan Grim | Posted 05.25.2011 | Politics

WASHINGTON - House Oversight Chairman Darrell Issa's investigation into the foreclosure crisis is off to a rough start. On Wednesday, the ranking Demo...

Fix Foreclosure Fraud With a Borrowers' Bill of Rights

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

Isn't it time we made the most important "systemic fix" of all -- the one that repairs the broken link between a bank and the society in which it operates?

Obama Pulls a Clinton

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

When Bill Clinton suffered a midterm reversal, he abruptly embraced the corporate money guys who had financed his opposition in an effort to purchase a second term. Now we have Barack Obama, and the same cycle begins anew.

Thousands of Servicer Walkaways, Unregistered Vacant Homes May Be Costing Chicago $36M

Dory Rand | Posted 05.25.2011 | Chicago
Dory Rand

The top mortgage servicers and trustees associated with the likely abandoned foreclosures in Chicago include Bank of America, Wells Fargo, U.S. Bank, Deutsche Bank, and JP Morgan Chase.

Banks Are Escaping Big Foreclosure Class Action Lawsuits

Posted 05.25.2011 | Business

SAN FRANCISCO (By Dan Levine) - Lenders snarled in the legal thicket over shoddy U.S. foreclosure procedures have so far avoided national class actio...

Shahien Nasiripour

JPMorgan Chase Profit Skyrockets In 4Q | Shahien Nasiripour | Posted 05.25.2011 | Business

JPMorgan Chase, the nation's second-biggest bank by assets, beat estimates in reporting $4.8 billion in income last quarter, a 47 percent jump, as the...

Bank Dividends Are About To make A Comeback

The New York Times | Nelson D. Schwartz and Eric Dash | Posted 05.25.2011 | Business

Investors in bank stocks are about to get a big cut of the profits again. Financial analysts say the nation's largest banks are ready to begin rest...

JPMorgan's Earnings Hide A Big Squeeze In Revenue

Bloomberg | Dawn Kopecki | Posted 05.25.2011 | Business

Fourth-quarter results, which the New York-based company plans to announce tomorrow, are likely to show a profit of $4.2 billion, or $1 per share, bas...

Jamie Dimon: Be Afraid of Municipal Bonds

The Huffington Post | William Alden | Posted 05.25.2011 | Business

As cities across the nation face increasing budget strains, the vocal group of experts warning about municipal defaults has gained a powerful member: ...