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Jp Morgan Chase

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...

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. ...

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...

Acorn Loses Bank Of America As Corporate Partner

Wall Street Journal | JAMES R. HAGERTY | Posted 05.25.2011 | Politics

Already facing the loss of federal government funding, the community-organizing group Acorn also has run afoul of one of its big corporate partners, B...

Question for the Fed and G-20: Why Are Our Banks Running Commodity Casinos?

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

It is sheer madness, after recent history, to permit banks to become commodity traders, especially with our money. In the old days, commodity traders put their own money on the line.

Credit Card Nightmare: One Lost Check And A Lifetime of Bankruptcy

Posted 05.25.2011 | Business

This story is part of Bearing Witness 2.0. HuffPost has received hundreds of emails from people making tremendous sacrifices in order to weather ...

Bank of America Pushes Online Banking Over Local Branches

Los Angeles Times | E. Scott Reckard and Jerry Hirsch | Posted 05.25.2011 | Business

Bank of America Corp., a pioneer in banking online and through mobile phones, said Tuesday that it was considering closing up to 10% of its 6,100 offi...

Big Banks to American Public: "Screw You"

Marshall Auerback | Posted 05.25.2011 | Business
Marshall Auerback

Roosevelt Braintruster Marshall Auerback wonders why bailed-out banks are getting giddy with dangerous speculation and sky-high bonuses when the rest of us are still dealing with financial chaos.

Buyer Beware: Bankers Selling Administration on Watered-Down Financial Regulation

Louise Marie Roth | Posted 05.25.2011 | Business
Louise Marie Roth

It seems good that taxpayers aren't bankrolling the Wall Street giants anymore, but now they aren't accountable either. The only way to make them accountable is to regulate them effectively.

The Return of Gordon Gekko

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

Wall Street speculation has it that some investors may have been privy to government actions involving a number of these banks at the outset of the financial crisis or to their financial results.

Small Texas Firm Makes Millions Selling Bad Assets To Wall Street

econbrowser.com | Posted 05.25.2011 | Business

There was a wonderful story in today's WSJ about how some big banks managed to lose some of their hard-earned TARP money. Let me begin with a littl...

BofA, JPMorgan, Others Raise $19 billion

Yahoo! News | Steve Eder and Jonathan Stempel | Posted 05.25.2011 | Business

NEW YORK (Reuters) -- Bank of America Corp (BAC.N), JPMorgan Chase & Co (JPM.N) and several other banks said they have raised more than $19 billion as...

Why Hiring is Paradoxically Harder in a Downturn

Auren Hoffman | Posted 05.25.2011 | Business
Auren Hoffman

Great people are often first to leave sinking ships -- they don't feel they need to stick around for a severance because they are confident they can always get another job.

Stress Test for U.S. Banks Is a Complete Fraud

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

It is the fear of the derivatives toxin that has frozen credit markets, leading to the Global Economic Crisis. Geithner's stress test can't fix the calamitous state of the U.S. banking sector.

Correcting Credit Abuses by Banks are a Number One National Priority

Ray Hanania | Posted 05.25.2011 | Business
Ray Hanania

What do we have when a banking tyrant like J.P. Morgan Chase decides on its own to jack up the interest rates?

Banks Declare War on America

Robert S. McElvaine | Posted 05.25.2011 | Business
Robert S. McElvaine

These rate increases -- some to as high as 29 percent -- are exactly the opposite of what the bad economy needs for recovery.

We Are So Angry That We've Lost Our Minds

Larry Gellman | Posted 05.25.2011 | Business
Larry Gellman

President Obama says we should stay angry but express our outrage in productive ways. I say we should get rid of the anger altogether.

Wall Street CEOs Push Back On Bonus Tax: "Terribly Unfair"

Wall Street Journal | JOE BEL BRUNO and MATTHIAS RIEKER | Posted 05.25.2011 | Business

The chief executives of the nation's three largest banks on Friday pushed back against legislation that would heavily tax Wall Street bonuses. Citigr...

Gene Saffold: JP Morgan Exec Named Chicago's Chief Financial Officer

Chicago Sun-Times | Fran Spielman | Posted 05.25.2011 | Chicago

A municipal finance expert who works with Mayor Daley's brother and spent 10 years on the Chicago Board of Education was chosen Thursday to become the...