Jpmorgan Chase

Cuomo Details Bonuses From Bailed-Out Banks

AP | Stephen Bernard, AP Business Writer | Posted 08.30.2009 | Business


NEW YORK (AP) -- Citigroup Inc., one of the biggest recipients of government bailout money, gave employees $5.33 billion in bonuses for 2008, New York...

Hirsh: Wall Street's 'Monster' Still Lives

newsweek.com | Posted 08.24.2009 | Business


Goldman Sachs and JPMorgan Chase have reported huge profits, the Dow has made it past 9000, and Barack Obama has moved on to health care. The horror s...

Weekly Audit: Bigger Than "Too Big to Fail"

The Media Consortium | Posted 08.21.2009 | Business


The Media Consortium

Congress should be writing regulations to curb risk in the financial system as fast as bankers are paying themselves bonuses. They're our representatives, after all, and it's our money.

Meatless Monday: Farmers Market Bounty

Ellen Kanner | Posted 08.20.2009 | Green


Ellen Kanner

For Goldman Sachs and JPMorgan Chase, the economy's dark days are over. Then there's the rest of us, for whom no bailout appears forthcoming and for ...

Emanuel Declines Invite To JPMorgan Board Meeting

Reuters | Posted 08.19.2009 | Business


U.S. President Barack Obama's chief of staff, Rahm Emanuel, has declined an invitation to attend a board meeting of JPMorgan Chase & Co, a White House...

Grandma Knows Best

Dan Dorfman | Posted 08.17.2009 | Business


Dan Dorfman

My grandma said that if I read something that doesn't seem to make sense, I should think twice about it. With that thought in mind, I decided to rattle off a slew of economic absurdities coming from Wall Street, the media and Washington.

Goldman, JPMorgan Are Wall St.'s New Giants

nytimes.com | GRAHAM BOWLEY | Posted 08.17.2009 | Business


A new order is emerging on Wall Street after the worst crisis since the Great Depression -- one in which just a couple of victors are starting to towe...

JPMorgan, Goldman Sachs: Two Giants Emerge From Wall Street Ruins

New York Times | GRAHAM BOWLEY | Posted 08.16.2009 | Business


A new order is emerging on Wall Street after the worst crisis since the Great Depression one in which just a couple of victors are starting to tower o...

JPMorgan Chase Profit Up 36 Percent In Q2

AP | IEVA M. AUGSTUMS | Posted 08.16.2009 | Business


CHARLOTTE, N.C. — The banking industry has another winner. JPMorgan Chase & Co. reported a 36 percent jump in second quarter profits Thursday, ...

Towards a Solution to the Debt Crisis in California: The State Could Walk Away and Create Its Own Credit Machine

Ellen Brown | Posted 08.14.2009 | Politics


Ellen Brown

California could put its revenues in its own state-owned bank and fan these "reserves" into many times their face value in loans, using the same "fractional reserve" system that private banks use.

Arthur Delaney

Credit Card Issuers Getting In Their Licks Ahead Of Reform

HuffingtonPost.com | Arthur Delaney | Posted 08.01.2009 | Business


As lawmakers worked out credit card reform legislation earlier this year, card issuers argued that tough restrictions would make credit costlier for c...

Wall Street Logs Best Quarter Since Credit Crisis Erupted

Wall Street Journal | Posted 07.30.2009 | Business


The securities firms still standing on Wall Street are about to close the most lucrative quarter since the credit crisis erupted. And instead of re...

How to Live on $0 A Day: Taking Your Life Back From Creditors

Lesley Stern | Posted 07.24.2009 | Comedy


Lesley Stern

Say you stop wasting your entire unemployment check on the hedonistic pleasure of protecting your precious credit rating. Instead, you're going to try eating, and maybe splurge on health insurance.

NYC's 10 Biggest Paychecks: Who's Overpaid? (POLL)

The Huffington Post | Ryan McCarthy | Posted 07.23.2009 | Business


They're coming out on top, even in a down market. This week Crains released its "Fortunate 100," a ranking of the New York City area's highest-paid ex...

Congressional Staffer Flips Wig Over Nickname

Politico | Posted 07.18.2009 | Politics


If you want to score a meeting with Rep. Jim McDermott (D-Wash.), know this: His scheduler/office manager, Elizabeth Becton, is to be addressed by her...

Banks Amass Six Million Dollar War Chest To Sway Lawmakers

The Hill | Posted 07.11.2009 | Business


On the eve of a major overhaul of the financial system intended to prevent another crisis from erupting, the financial industry has built a more than ...

TARP Repayments May Not Help Consumers

Jun. 9, 2009 | Colin Barr, Senior Writer | Posted 07.11.2009 | Business


NEW YORK (Fortune) -- Don't expect TARP-free banks to unleash a torrent of loans to cash-strapped consumers. The Treasury Department told ten big b...

TARP Repayments: Banks Freed To Pay Bonuses, Dodd's Restrictions

bloomberg.com | Christine Harper and Elizabeth Hester | Posted 07.11.2009 | Business


June 10 (Bloomberg) -- JPMorgan Chase & Co., Goldman Sachs Group Inc. and the eight other banks cleared yesterday to repay their U.S. government rescu...

TARP Repayment: Treasury Says 10 Banks Get To Payback $68B

AP | DANIEL WAGNER and STEVENSON JACOBS | Posted 07.10.2009 | Business


WASHINGTON - The Treasury Department has approved 10 of the nation's largest banks to repay $68 billion in government bailout money. The department o...

10 Things You Need to Know About Banks and Credit Cards

Francine Hardaway | Posted 07.06.2009 | Business


Francine Hardaway

Even if they printed the disclosure in 18 point type, you wouldn't know what was going to hit you from behind. You will need to know what I've found out about banks and credit card companies.

BofA, Citi Risk Getting Left Behind By Healthy Rivals

Reuters | Posted 07.03.2009 | Business


Bank of America Corp (BAC.N) and Citigroup Inc (C.N) may be at risk of getting left behind. Rivals including JPMorgan Chase & Co (JPM.N) and Goldma...

Bernie Madoff, Scapegoat

Michael Moore | Posted 06.01.2009 | Business


Michael Moore

Instead of putting those responsible for the financial crisis in jail, why did we give them huge sums of our hard-earned tax dollars. Bernard Madoff is nothing more than the scab on the wound.

Ryan Grim

Dimon: Iraq War, Greed Contributed To Economic Collapse

HuffingtonPost.com | Ryan Grim | Posted 05.21.2009 | Politics


JPMorgan Chairman and CEO Jamie Dimon, in a letter to shareholders, touched on a theme that critics of the Iraq war were highlighting more than a year...

Three Reasons to Cheer, Quietly

Fortune's Stanley Bing | Posted 05.18.2009 | Business


<i>Fortune</i>'s Stanley Bing

People have been telling me that I should cheer up. So I went online and don't you know, I found three great reasons to do so.

Intended Consequences?

Michael J. Panzner | Posted 05.17.2009 | Business


Michael J. Panzner

To the cynical observer, the history of government policymaking might also be called a chronicle of unintended consequences.