Topic: JPMorgan Chase & Co.

JPMorgan reviews 115,000 foreclosures for problems

CHARLOTTE, North Carolina (Reuters) -JPMorgan Chase and Co has identified "some issues" in its ongoing review of foreclosure affidavits, but remains confident that the repossessions were proper, senior executives said on Wednesday.The second-largest U.S. bank by assets is reviewing 115,000 mortgage affidavits, ...
Yesterday, the U.S. House of Representatives approved the new financial reform bill. It is also expected that the Volcker rule and some of the associated changes would reduce the profit of large firms. The rule as proposed by the White House economic ...
Details are still sketchy at the moment but it is clear that financial reform is going to pass. Nine of the largest financial institutions including Bank of America Corp., Citigroup Inc. and J.P. Morgan Chase & Co. would have to scale down ...

The Truth About The TARP Tax

If it's not already obvious, President Obama's call for a tax on the financial industry's heavyweights is a good signal that the 2010 election season is underway. With reports of record profits and bonuses on Wall Street, the financial sector is America's ...

Senate probes Goldman, Deutsche: report

(Reuters) - Goldman Sachs Group Inc < and Deutsche Bank AG < were issued subpoenas by a U.S. Senate panel looking for evidence of fraud in the 2008 mortgage-market meltdown, the Wall Street Journal said, citing people familiar with the matter.The paper ...
I love the photo in this piece; after Ben Bernanke and Lawrence Summers, you have the next 2 most powerful men in our financial mind meld between D.C. and our elite financial oligarchs.. Mr. Emanuel's appearance would underscore the pull of Mr. ...

When It Rains, It Pours

This is really, really bad.. At the same time, WaMu's gone under, with not only its stockholders but also its bondholders being largely wiped out.. Now, $30 billion of WaMu (WM) debt is going very close to zero, and there could be ...
Top U.S. financial regulators on Thursday offered their most extensive defense yet of the rescue and proposed takeover of Bear Stearns Cos. by J.P. Morgan Chase & Co., saying the systemic risk to the economy offset any moral hazard concerns. Senate Banking ...