Jp Morgan Chase

GOP Uses ACORN To Fight Bank Redlining Law

AP | SHARON THEIMER and PETE YOST | Posted 10.12.2009 | Politics

Read More: JP Morgan Chase, Chase, Acorn, Bank of America, Brian Kettenring, Redlining, Mortgages, Cra, Ed Royce, Edward Royce, JP Morgan, Community Reinvestment Act, Phil Gramm, Gop, Jeb Hensarling, Housing Crisis, House Financial Services Committee, Republicans, Banks, Citimortgage, Politics News

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

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Why Our Jobs Crisis From Hell Could Last Decades

Les Leopold | Posted 10.08.2009 | Business

Read More: JP Morgan Chase, Goldman Sachs, Unemployment, Bailout, Income Inequality, Economic Crisis, Bank of America, Financial Crisis, Protectionism, China, Bruce Springsteen, Business News
Les Leopold

Remarkably, the America of 2010 is exporting raw materials and importing high tech renewable energy products. And this is happening less than 100 miles from Redmond, the home of Microsoft.

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Bank Of America Won't Hike Card Rates

Washington Post | Nancy Trejos | Posted 10.07.2009 | Business

Read More: JP Morgan Chase, Interest Rates, Chase, Default, Bofa, Bank of America, Credit Card Rates, Dodd, Congress, Obama, Barack Obama, House Financial Services Committee, Business News

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...

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TARP Watchdog's Report: Treasury Misled Public On Bailouts

AP | MARTIN CRUTSINGER | Posted 10.05.2009 | Business

Read More: JP Morgan Chase, Tarp, Inspector General, Treasury Department, Geithner, Hank Paulson, Troubled Assets Relief Program, TARP Watchdog, Wells Fargo, Bailouts, Bank of America, Merrill Lynch, Wall Street, Finance, Barofsky, Neil M. Barofsky, Banks, Watchdog, Henry Paulson, Report, Timothy Geithner, Wachovia, Citigroup, Business News

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...

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Acorn Loses Bank Of America As Corporate Partner

Wall Street Journal | JAMES R. HAGERTY | Posted 11.27.2009 | Politics

Read More: JP Morgan Chase, Ethics Training, Foreclosure-Prevention, Banks, Acorn Housing, Lending, Wells Fargo, Michael Shea, Undercover Tapes, Tax Evasion, Census, Bank of America, Prostitution, Acorn, Foreclosure, Community Organizing, Politics News

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...

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

Raymond J. Learsy | Posted 11.25.2009 | Business

Read More: JP Morgan Chase, Fdic, Goldman Sachs, Politics, Citigroup, Morgan Stanley, World, Oil, Federal Reserve, Financial Crisis, Derivatives, G-20, Business News
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.

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

Posted 11.23.2009 | Business

Read More: JP Morgan Chase, Credit Debt, Bankruptcy, Bearing Witness 2.0, Credit Card Debt, Bearing Witness, Freedom Financial, Recession, Business News

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

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Bank of America Pushes Online Banking Over Local Branches

Los Angeles Times | E. Scott Reckard and Jerry Hirsch | Posted 08.29.2009 | Business

Read More: JP Morgan Chase, Tarp, Bailout, Bank of America, Wells Fargo, Ken Lewis, Bank of America Closing Branches, Online Banking, Business News

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...

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Big Banks to American Public: "Screw You"

Marshall Auerback | Posted 08.21.2009 | Business

Read More: Fdic, JP Morgan Chase, Aig, Bank of America, Goldman Sachs, Tim Geithner, Ben Bernanke, Mike Lux, Business News
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.

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

Louise Marie Roth | Posted 08.20.2009 | Business

Read More: Wall Street Regulation, Wall Street, Financial Regulations, JP Morgan Chase, Goldman Sachs, Business News
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.

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The Return of Gordon Gekko

Dan Dorfman | Posted 08.01.2009 | Business

Read More: JP Morgan Chase, Gordon Gekko, Goldman Sachs, Wall Street Bailout, Suntrust-Banks, Wall Street, Wells Fargo, Bank of America, Financial Crisis, Bernard Madoff, Securities and Exchange Commission, Citigroup, Business News
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.

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Amherst Holdings Makes Millions Selling Bad Assets To Wall St.

econbrowser.com | Posted 07.13.2009 | Business

Read More: JP Morgan Chase, Bank of America, Amherst Holdings, Credit Deault Swaps, Royal Bank of Scotland, Business News

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...

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BofA, JPMorgan, Others Raise $19 billion

Yahoo! News | Steve Eder and Jonathan Stempel | Posted 07.03.2009 | Business

Read More: JP Morgan Chase, Bank of America, Troubled Asset Relief Program, Bofa, Tarp, Business News

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...

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Why Hiring is Paradoxically Harder in a Downturn

Auren Hoffman | Posted 06.27.2009 | Business

Read More: JP Morgan Chase, Goldman Sachs, Global Recession, Morgan Stanley, Economic Recession, Financial Crisis, Hiring, Firing, Yahoo, Business News
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.

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

Sheldon Filger | Posted 06.12.2009 | Business

Read More: Aig, Stress Tests, Warren Buffet, Derivatives, Bank Stress Tests, Federal Reserve, Financial Crisis, Credit Default Swaps, Timothy Geithner, Ben Bernanke, Citigroup, Global Economic Crisis, J.P. Morgan Chase, Treasury Secretary, Business News
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.

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Correcting Credit Abuses by Banks are a Number One National Priority

Ray Hanania | Posted 05.25.2009 | Business

Read More: Credit Cards, J.P. Morgan Chase, Curb Interest Rate Abuses, President Barack Obama, Banks, Bankers, Congress, Legislation, Chicago-Illinois, Business News
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?

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Banks Declare War on America

Robert S. McElvaine | Posted 05.16.2009 | Business

Read More: Greed, Populism, Bankruptcy, Capitol One, Economic Crisis, Bank of America, Recession, New Depression, Credit Cards, J.P. Morgan Chase, Credit Card Rate Increases, Citibank, Financial Crisis, Banking Crisis, Banks, Class Warfare, Amex, Great Depression, Business News
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.

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We Are So Angry That We've Lost Our Minds

Larry Gellman | Posted 04.25.2009 | Business

Read More: JP Morgan Chase, U.S. Economy, Congress, Stock Market, Race Riots, Aig Bonuses, Economic Crisis, President Obama, Aig, Barack Obama, Goldman Sachs, Senate, U.S. Senate, Economic Stimulus Package, Morgan Stanley, Financial Crisis, Bank Bailout, Bonuses, Business News
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.

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

Wall Street Journal | JOE BEL BRUNO and MATTHIAS RIEKER | Posted 04.20.2009 | Business

Read More: JP Morgan Chase, Vikram Pandit, Bank of America, Citigroup, Wall Street Bonuses, Kenneth Lewis, Aig Bonuses, Jamie Dimon, Bonus Tax, Bonuses, Bailout Outrage, Business News

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

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

Chicago Sun-Times | Fran Spielman | Posted 04.12.2009 | Chicago

Read More: Gene Saffold Chicago Budget, JP Morgan Chase, Bill Daley, Chicago Chief Financial Officer, Gene Saffold, Chicago News

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...

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Bankers on the Hill

James Warren | Posted 03.14.2009 | Politics

Read More: JP Morgan Chase, Citigroup Inc., Lloyd Blankfein, Wall Street Bailout, Bailout Testimony, CEOs of Bank of America Corp., Citigroup CEO Vikram Pandit, Bailout Bandits, Wall Street Crisis, Bailout, Bailout Banker Testimony, Business News, Banking Crisis, Banks, Congressional Hearings, Wall Street Banker Testimony, Politics News
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.

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Bankers vow to build trust with increased lending

AP | JIM KUHNHENN | Posted 03.23.2009 | Business

Read More: JP Morgan Chase, Citigroup Inc., Lloyd Blankfein, Bailout Bandits, Bailout Testimony, CEOs of Bank of America Corp., Bailout Banker Testimony, Citigroup CEO Vikram Pandit, Wall Street Banker Testimony, Bailout Outrage, Business News

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

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Bailed Out Bankers Testify: Live Video, Quotes

Posted 03.14.2009 | Politics

Read More: Lloyd Blankfein, JP Morgan Chase, Citigroup Inc., Bailout Testimony, Banking Bailout Video, Banking Video, Wall Street Executives Testifying, Citigroup CEO Vikram Pandit, Bailout Banker Testimony, Bailout Bandits, CEOs of Bank of America Corp., Business News, Wall Street Banker Testimony, Politics News

The eight chief executives from bailed out Wall Street banks are testifying today before Congress. The CEOS will be quizzed aggressively on how they ...

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Wall Street Gives Obama Thumbs Down

Dan Dorfman | Posted 03.06.2009 | Politics

Read More: JP Morgan Chase, Manhattan, India, General Electric, Poverty, Aspen, Steve Forbes Housing Crisis, New York Real Estate, Economy, Stock Market, Economic Crisis, Real Estate, Palm Beach, Barack Obama, Goldman Sachs, JP Morgan, Subprime Mortgages, Economic Stimulus Package, Dow Jones, Bailout, Wall Street, Stimulus Package, Dow Jones Industrial Average, Warren Buffett, Foreclosure, Economic Stimulus, Bonuses, Wall Street Bonuses, China, Politics News
Dan Dorfman

Europe, Japan and the United States are all in the midst of a recession and the world's fastest growing emerging markets, among them China and India, are slowing markedly.

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Wall Streeters' New Status As Social Outcasts

New York Times | David Segal | Posted 03.06.2009 | Business

Read More: Layoffs, JP Morgan Chase, Social Outcast, Pariah, Unemployment, Wall Street, Lehman Brothers, Jobs, Dick Fuld, Investment Banking, Business News

Monday was the last day of Iris Chau's 11-year career at JPMorgan Chase and she says there's a lot she'll miss about the job, including her colleagues...

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