iOS app Android app

Jp Morgan Chase

Bonus Watch

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Ordinarily, I don't care how much members of the brass make. Success is a beautiful thing, right? But with this round of Wall St. bonuses, the companies would not be standing without taxpayer-funded rescues.

The Only Way to Restore the Flow of Credit to Small Businesses

Stacy Mitchell | Posted 05.25.2011 | Business
Stacy Mitchell

Big banks have constricted lending, making small banks the key to restoring the flow of credit. But their capacity to do so during a recession hinges on whether the Senate reauthorizes a key loan-guarantee program.

Move Your Borrowing Along with Your Money

Stacy Mitchell | Posted 05.25.2011 | Business
Stacy Mitchell

As we start down the path of breaking up with the big banks and defending our own economic interests and that of our communities, we should think about the whole range of financial services we use.

Citizens United Reveals the Danger of Our Right Wing Supreme Court

Mitchell Bard | Posted 05.25.2011 | Politics
Mitchell Bard

Here is the dirty little secret the GOP doesn't want you to know: The four extreme right wing Supreme Court justices are as activist as any judges can get.

A Tale of Two Banks: Florence Mutual Savings and JPMorgan Chase

Christopher Whalen | Posted 05.25.2011 | Business
Christopher Whalen

JPM beat market expectations regarding Q4 earnings, but came in a little light on revenues. We believe that "revenue lite" is going to be the story for the entire banking industry in 2010.

Who Says the Bad News Is Over?

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

Sometimes, it takes a swift kick in the can to wake us up to reality. That may have occurred last Friday when the Dow got hammered for close to a 101-point loss.

Why Billionaires Should Pay for the Jobless Recovery

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

For the past 30 years we have minted billionaires, and we have created the most unequal distribution of wealth since 1928-29. This didn't happen by accident.

Government Aid Fueled Surge On Wall Street

New York Times | GRAHAM BOWLEY | Posted 05.25.2011 | Business

It may come as a surprise that one of the most powerful forces driving the resurgence on Wall Street is not the banks but Washington. Many of the step...

Bank Of America Won't Hike Card Rates

Washington Post | Nancy Trejos | Posted 05.25.2011 | Business

Bank of America said it will not raise credit card interest rates before February, when a law restricting industry practices takes effect, unless a ca...

Shadow-Boxing With the CEOs: Day One at the Financial Crisis Inquiry Hearings

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The heads of Goldman Sachs, JP Morgan Chase, Morgan Stanley, and Bank of America came to testify and said... just about nothing. Yes, they made mistakes. But gee, they had learned a great deal and they certainly didn't cause the crash.

The Year of the Man-Child

Catie Lazarus | Posted 05.25.2011 | Comedy
Catie Lazarus

What Did You Learn in 2009? Test your knowledge by answering these objectively scientific questions about the celebrities, politicians and fifteen minute famers who made headlines.

Of Billionaires, Bailouts and Bonuses

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Let's weigh the pros and cons of the record bonuses going to Goldman Sachs, JP Morgan Chase and Morgan Stanley (and many others) during the worst economic crash since 1929.

Drew Peterson Sues JP Morgan Chase To Restore Credit Line

Chicago Sun-Times | KARA SPAK | Posted 05.25.2011 | Chicago

Drew Peterson, accused of killing his third wife, sued JP Morgan Chase in federal court late Monday, accusing the bank of illegally cutting off a siza...

Obama's Pay Cuts Let Big Boys off the Hook

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Unfortunately, the administration doesn't have the moxie to go after the most outrageous salaries and bonuses that are about to flow.

GOP Uses ACORN To Fight Bank Redlining Law

AP | SHARON THEIMER and PETE YOST | Posted 05.25.2011 | Politics

WASHINGTON — Conservative Republicans are capitalizing on the troubles of community activist group ACORN – ranging from charges of voter r...

A Panel of Pros

Jonathan Tisch | Posted 05.25.2011 | New York
Jonathan Tisch

Where will we end up in a new regulated environment? Jonathan Tisch asks some of those closest to President Obama: Bill Daley, lawyer Marty Lipton and Penny Pritzker.

Citigroup's Warrants Provide Low Returns For US Taxpayers

bloomberg.com | Posted 05.25.2011 | Business

Warrants the U.S. holds in Citigroup Inc., once the most valuable bank in the nation, may provide the lowest return for taxpayers who stepped in with ...

Facebook, JP Morgan Chase To Give $5 Million Dollars To Charity Through Internet Promotion

Posted 05.25.2011 | Impact

Facebook's user base now totals over 300 million people. The social media network thus has the potential to reach more people in a single month than l...

To Create Jobs on Main Street, We Need to Kill Jobs on Wall Street

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The Billionaire Bailout Society is not a shared society. We're not in it together. What's good for Wall Street is not good for the rest of us...they even get their swine flu shots before we do.

Wall Street and Their Seductive Loan Promotions Tricked Many on Main Street

Rep. John Conyers | Posted 05.25.2011 | Politics
Rep. John Conyers

It is mind-boggling to believe that with such a vast operation, banking giants like JP Morgan Chase were not the least bit aware of the wrongful subprime lending practices being undertaken.

OMG! Greenspan Goes Populist?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

For Alan Greenspan, the apostle of free markets, to admit that financial free markets are not self-correcting is an enormous concession.

Shahien Nasiripour

Jamie Dimon, Head of JPMorgan Chase: "Everyone Should Be Allowed To Fail"

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The head of the country's second-biggest bank, considered by many to be "too big to fail," said Tuesday that no firm should be immune from failure. ...

Report: Treasury Misled Public On Bailouts

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The credibility of the government's $700 billion financial rescue program was damaged by claims a year ago that all of the initial bank...

FCIC Set To Question Bank CEOs About Financial Meltdown

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — Two blocks from the Treasury, where the government not long ago scrambled to save a collapsing financial system, a team of investig...

1 Out Of 4 Borrowers In Anti-Foreclosure Program Are Late Paying New Mortgage Bill

Washington Post | Renae Merle | Posted 05.25.2011 | Business

So far, more than 650,000 borrowers have been enrolled into the initial, or "trial," phase of the program and have seen their payments lowered by an a...