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Jpmorgan Chase

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: ...

Shahien Nasiripour

Obama's Next Chief Of Staff Has Millions In JP Morgan Stock | Shahien Nasiripour | Posted 05.25.2011 | Business

President Barack Obama's next chief of staff holds more than $7.6 million worth of stock in JPMorgan Chase, according to a regulatory filing. William...

2 Banks Approved For Joint Securities Ventures With China

AP | Posted 05.25.2011 | Business

HONG KONG — Two U.S. investment banks say they've been given the green light in China to operate domestic securities businesses with local partners....

The Revolving Door Shouldn't Spin Again for William Daley

Paul Blumenthal | Posted 05.25.2011 | Politics
Paul Blumenthal

Obama once told a meeting of bankers that he was "the only thing standing between you and the pitchforks." Picking Daley sends the message that pitchforks ("normal people") matter less than the uber-wealthy.

Banks Replace Old Fees With New Ones

The Huffington Post | William Alden | Posted 05.25.2011 | Business

In response to new regulations, banks are carefully guarding one of their most reliable profit streams: the fees they charge customers for basic banki...

Top Lenders Reportedly Near Settlement With States Over Foreclosure Issues

Posted 05.25.2011 | Business

BANGALORE: The five largest mortgage loan servicers, including Bank of America Corp. and JPMorgan Chase & Co., may be the first to settle with 50 st...

Which of These Banks Was 2010's Most Shameless Corporate Outlaw?

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

In any normal period of history our major banks would be considered corrupt institutions, and their leaders would be ashamed to show their faces among respectable people. But these aren't normal times, are they?

As Oil Pierces $90/Barrel Time for the President Finally to Act

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

To date the president has barely dealt with the oil price malignancy threatening to destabilize the feeble economic recovery he has sponsored to date. It's time for him to act on his campaign promise in this regard.

SEC Whistleblower Attacks JPMorgan's Credit Card Practices

DailyFinance | ABIGAIL FIELD | Posted 05.25.2011 | Business

Linda Almonte, a former employee of JPMorgan Chase (JPM) who is suing the bank for wrongful termination, has just upped the ante: She has now also fil...

SEC Sends More Subpoenas In Mortgage Probe, Big Banks Targeted

Posted 05.25.2011 | Business

NEW YORK/WASHINGTON (By Matthew Goldstein and Rachelle Younglai) - U.S. regulators have opened a new line of inquiry in their mortgage foreclosure pr...

One Buyer Owns More Than 90 Percent Of Copper Stocks On London Exchange

Posted 05.25.2011 | Business

LONDON (By Michael Taylor and Pratima Desai) - U.S. investment bank JPMorgan said it does not hold more than 90 percent of copper stock warrants in Lo...

Banning Big Wall Street Bonus Favored By 70 Percent of Americans In National Poll

Bloomberg | Catherine Dodge | Posted 05.25.2011 | Business

More than 70 percent of Americans say big bonuses should be banned this year at Wall Street firms that took taxpayer bailouts, a Bloomberg National Po...

Wall Street Set For Best Two Years Ever, Thanks To 'Once-In-A-Lifetime' Bailout

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Two agonizing years for the U.S. economy have been some of the best years on record for Wall Street. After first receiving billions in taxpayer aid, ...

Obama Backs Foreclosure Probe By States, But Is Against Moratorium, Gibbs Says

Bloomberg | Roger Runningen and Julianna Goldman | Posted 05.25.2011 | Politics

President Barack Obama is throwing his support behind state attorneys general looking into filings of allegedly faulty home foreclosures while rejecti...

What Jamie Dimon Won't Tell You

Baseline Scenario | Anat Admati | Posted 05.14.2012 | Business

This post first ran on BaselineScenario. More than a year ago, we published this piece from the Stanford finance expert Anat Admati in which she pr...

Madoff Trustee Sues JPMorgan, Others For $6.4 Billion

AP | Posted 05.25.2011 | Business

NEW YORK — The trustee trying to recover money for investors cheated by Bernard Madoff is suing JP Morgan Chase for $6.4 billion, saying the ban...

Wall Street Banks Could Settle SEC Conflict Of Interest Lawsuit

The Huffington Post | William Alden | Posted 05.25.2011 | Business

As the government hunts for conflicts of interest at Wall Street banks that peddled investments which contributed to the worst financial collapse sinc...

William Alden

Report: Wall Street CEO Pay Problems Worsened By New Rules | William Alden | Posted 11.30.2010 | Business

In the years leading up to worst financial crisis since the Depression, as gambling fever seized Wall Street, one of the primary forces encouraging gr...

Banks Fighting With Fannie, Freddie Over Soured Mortgages

The Huffington Post | William Alden | Posted 05.25.2011 | Business

As doubts continue over the legitimacy of mortgage documents, two government-owned mortgage companies are having trouble offloading loans onto the ban...

Foreclosure Hearings Show Homeowners Who in Washington Cares

Richard Zombeck | Posted 05.25.2011 | Business
Richard Zombeck

While the result of recent mortgage foreclosure and HAMP hearings remains to be seen, there's a sense that a handful of government officials get it and seem to be looking out for the rest of us.

Will Ferrell Loses Lawsuit Against JPMorgan, Slapped With $600,000 Penalty

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Will Ferrell lost a lawsuit against JPMorgan Chase and now has to pay a big legal fee, NYT's DealBook reports. The suit, which the actor filed in 200...

States, Banks In Talks Over Fund For Foreclosure Mess Losses

Washington Post | Ariana Eunjung Cha and Brady Dennis | Posted 05.25.2011 | Business

State attorneys general and the country's biggest lenders are negotiating to create a nationwide fund to compensate borrowers who can prove they lost ...

Shahien Nasiripour

'Robo-Signer' Foreclosure Scandal May Threaten Fundamental Financial Stability, Government Watchdog Warns | Shahien Nasiripour | Posted 05.25.2011 | Business

This story was updated at 11:30 a.m. and 4:10 p.m. ET to include more information. The ongoing "turmoil" roiling megabanks and their faulty home fore...