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Jp Morgan Chase

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...

Proposals In House Would Curb 'Too Big To Fail' Banks, Firms

Wall Street Journal | DAMIAN PALETTA and MICHAEL R. CRITTENDEN | Posted 05.25.2011 | Politics

Democrats are advancing proposals in Congress designed to limit the size and complexity of financial companies so that any collapse wouldn't damage th...

Arianna Discusses Public's Bailout Anger On BBC's Newsnight

Huff TV | Posted 05.25.2011 | Home
Huff TV

Arianna recently appeared on BBC's Newsnight to discuss the economic crisis, the lack of reform, and the effects of the bailout on American society an...

Dodd's Bill Protects Customers From Abusive Overdraft Fees

Mary Ann West | Posted 05.25.2011 | Business
Mary Ann West

Ninety percent of bank overdraft fees happen to only ten percent of checking account holders, comprising those people who are also the most vulnerable.

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...

Buddy, Can You Spare $250,000,000,000?

Fortune's Stanley Bing | Posted 05.25.2011 | Business
<i>Fortune</i>'s Stanley Bing

Today we can add another group to the list of those who require intercession by We the People: Big Banks that have mismanaged the deposits entrusted to them by their customers.

Bankers vow to build trust with increased lending

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — The nation's top bankers came to account for themselves Wednesday to a wary public, displaying a blend of financial might and humil...

Bankers on the Hill

James Warren | Posted 05.25.2011 | Politics
James Warren

Rarely in the rich history of congressional stonings have the victims been so crisply-attired, so contrite, so deferential, and so tolerant of their grandstanding captors.