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Jpmorgan Chase Co

16 Major Banks Slammed With Lawsuit

Reuters | Posted 03.14.2014 | Business

NEW YORK (Reuters) - The Federal Deposit Insurance Corporation sued 16 of the world's largest banks on Friday, accusing them of collusively suppressin...

BofA Speeds Up Massive Layoffs

Reuters | Posted 09.20.2012 | Business

(Reuters) - Bank of America Corp is planning to cut 16,000 jobs by year end as it speeds up a company-wide cost-cutting initiative amid declining reve...

JPMorgan Told Feds Traders May Have Tried To Hide London Whale Losses

Reuters | Posted 09.15.2012 | Business

By Matthew Goldstein and Jennifer Ablan NEW YORK, July 16 (Reuters) - In a matter of days, the two-month-old criminal investigation in...

Another JPMorgan Scandal?

Reuters | Posted 09.02.2012 | Business

* FERC files to force JPMorgan to produce emails * Regulator stepping up enforcement in energy market By Scott DiSavino and David Sheppa...

Bank Makes Big Announcement

The Huffington Post | Bonnie Kavoussi | Posted 04.10.2012 | Money

The largest bank in the country is pulling out of the student loan market. JPMorgan Chase will stop extending student loans to customers without an...

JPMorgan May Be Fined Over Lehman Demise

Reuters | Posted 06.03.2012 | Business

April 4 (Reuters) - A U.S. regulator is set to penalize JPMorgan for actions linked to the demise of investment bank Lehman Brothers at the height o...

Execs At Former Mortgage Giant Charged With Fraud

AP | MARCY GORDON | Posted 03.14.2012 | Business

WASHINGTON -- Federal regulators have charged three executives of what was once the nation's second-largest mortgage company with civil accounting fra...

Are Bankers Capitalists?

Bruce Judson | Posted 05.01.2012 | Business
Bruce Judson

Wall Street, which should be the heart of American capitalism, has instead become the heart of a dysfunctional system that is destroying the nation's wealth.

Wall Street Job Cuts May Hurt National Labor Market

Posted 12.22.2011 | Business

As Wall Street traders cheered positive jobs data on Thursday, they seemed to ignore layoffs and bonus cuts on their own trading floors that will ...

Firm That Extracted Billions From BofA Sets Its Sights On JPMorgan

Posted 12.16.2011 | Business

A law firm that led mortgage bondholders to extract a $8.5 billion settlement from Bank of America Corp is turning its sights on JPMorgan Chase & ...

After AG Lawsuit, Lender To Stop Buying New Mortgages In Massachusetts

AP | By EILEEN AJ CONNELLY | Posted 12.02.2011 | Business

NEW YORK -- One day after it was among five major banks sued by Massachusetts over deceptive foreclosure practices, GMAC Mortgage said Friday that it ...

JPMorgan Chase Fined Over Recommending Risky Investments

Posted 11.15.2011 | Business

A U.S. regulator ordered JPMorgan Chase & Co to pay $3.62 million in fines and reimbursement for recommending investments linked to junk bonds to ...

Wells Fargo To Pay Millions For Rigging Bidding Wars

AP | By DAVID PITT | Posted 01.08.2012 | Business

DES MOINES, Iowa -- Wells Fargo & Co. said Tuesday it has agreed to pay at least $37 million in a lawsuit which alleges several banks rigged bidding c...

BofA Likely To Alter Rules For Debit Card Fees After Criticism

Posted 12.28.2011 | Business

(Rick Rothacker) - Bank of America Corp, after receiving heavy public criticism for a planned $5 per-month debit card fee, is likely to give custo...

Despite Consumer Outrage, Bank Fees May Be Here To Stay

AP | By PALLAVI GOGOI | Posted 12.19.2011 | Business

NEW YORK -- Higher bank fees are here to stay. The latest third-quarter earnings reports from this week confirm that banks are struggling to make mon...

BofA Could Soon Have No Market Share To Show For Countrywide Purchase

Posted 12.11.2011 | Business

(Rick Rothacker) - Bank of America is set to lose nearly all the mortgage market share it gained by buying Countrywide Financial Corp in 2008, in ...

Goldman Sachs Sued By Regulator Over Risky Mortgages

AP | ALEX VEIGA | Posted 10.09.2011 | Business

LOS ANGELES — The U.S. regulator of credit unions on Tuesday sued Goldman Sachs & Co. for more than $491 million in damages over losses incurred...

Dunkin' Donuts' Parent Company Receives Toasty Investor Reception

AP | Posted 09.26.2011 | Business

NEW YORK (AP) -- Shares of Dunkin' Donuts parent company are set to start trading Wednesday morning after pricing at $19 per share, more than the $16 ...

Goldman Plans 1,000 Layoffs

Posted 09.18.2011 | Business

NEW YORK (Lauren Tara LaCapra and Knut Engelmann) - Goldman Sachs' anemic second-quarter results on Tuesday rattled investors and cast a pall on i...

U.S. Banks Finally Increasing Lending In Good Sign For Investors

Posted 09.05.2011 | Business

Major U.S. banks appear to be finally opening the lending spigot. Second-quarter earnings reports due this month are likely to reveal a slight ...

Banks Set To Cut Spending, Staffing Due To Regulations, Weaker Markets

Posted 08.17.2011 | Business

NEW YORK (Knut Engelmann) - Traditionally fat expense accounts on Wall Street are about to get slashed as major banks set out to cut spending and ...

New Rule Compensating Whistleblowers Approve By SEC

Posted 07.25.2011 | Business

WASHINGTON (Sarah N. Lynch) - A divided Securities and Exchange Commission approved a new program that would compensate whistleblowers whose tips ...

‘Squatter Rent' Savings May Help U.S. Spending

Bloomberg | Bob Willis and John Gittelsohn | Posted 07.06.2011 | Business

Millions of Americans have more money to spend since they fell delinquent on their mortgages amid the worst housing collapse since the Great Depressio...

Earnings Season Kicks Off

Posted 06.11.2011 | Business

NEW YORK (Chuck Mikolajczak) - Investors will look to corporate profits and outlooks this week for confirmation the S&P 500 has another leg to its...

SEC Proposes Curbing Wall Street Bonuses

Reuters | Sarah N. Lynch | Posted 05.25.2011 | Business

WASHINGTON (Reuters) - U.S. securities regulators issued a proposal on Wednesday to curb bonuses at brokerage and investment advisory firms over the...