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Profits soar at 2 largest mortgage lenders
NEW YORK (AP) — Is the mortgage market really back? The country's two biggest mortgage lenders, Wells Fargo and JPMorgan Chase, reported Friday that a surge in home lending pushed them to record profits. JPMorgan CEO Jamie Dimon declared that...
Tags: Corporate Officers, Federal Reserve, Freddie Mac, Money and Monetary Policy, Services and Shopping
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Capitalism is an irrational political system
Contributing columnistYes, it’s irrational. And it’s what the GOP says it wants for our country, to save us from becoming “like Europe.” It’s also what the post-New Deal Democratic Party stands for, only a little less. Let’s start with...Tags: Barack Obama, U.S. Senate Committee on Banking, Housing, and Urban Affairs, Bob Corker, Alabama Crimson Tide, Christopher Dodd
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Warren Buffett pontificates on JPMorgan, Wells Fargo, newspapers
Billionaire investor Warren Buffett had opinions to spare Friday, when he dished on JPMorgan’s Jamie Dimon, Wells Fargo’s home lending prowess, the future of the euro and newspapers, Facebook and more. “I’ve had enough mistakes of...
Tags: JPMorgan Chase & Co., Google Inc., Berkshire Hathaway Inc., Media General Inc., Social Media
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Allan Powell: Classical economics hits a 'bump'
The recent disclosure of JP Morgan Chase’s losses of more than $2 billion in a few weeks generated two types of alarm. One was that we were too lax in our regulatory measures that restrain risky investment bank speculation. Others were alarmed about...Tags: Investment Service, Business Enterprises, Paul Volcker, Litigation and Regulation, Christopher Dodd
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JPMorgan's Dimon To Go To Washington
ReutersWASHINGTON/NEW YORK (Reuters) - Jamie Dimon will be playing a new role in Washington this Wednesday, called to explain JPMorgan's recent trading debacle after years of being known as the Wall Street banker who got it right during the financial crisis....Tags: Citigroup Incorporated, Cato Corporation, Federal Reserve, Sherrod Brown, Richard Shelby
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JPMorgan Chase executives could be forced to give back some pay in 'clawback'
WASHINGTON (AP)— JPMorgan Chase CEO Jamie Dimon told Congress on Wednesday that senior bank executives responsible for a $2 billion trading loss will probably have some of their pay taken back by the company. “It’s likely that there...
Tags: JPMorgan Chase & Co., Economy, Business and Finance, Finance, Chuck Schumer, Bob Menendez
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JPMorgan shareholders: 'Too much power in one person's hands'
TAMPA, Fla. — Investors at the JPMorgan shareholder conference are concerned with the bank's recently disclosed $2-billion loss and 12% plunge in their stake in the bank. "When you are 94 years old, you don’t want to see any of your...
Tags: JPMorgan Chase & Co., Durham (Durham, North Carolina), NBC (tv network), Federal Reserve, Tampa
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Robert B. Reich: Of bedrooms and boardrooms
Some want the 2012 election to be about regulating America's bedrooms. But it really ought to be about regulating the nation's boardrooms. The bedroom regulators are on the move. Republicans don't want same-sex marriage. Mitt Romney says he's against it,...
Tags: Elections, Barack Obama, Insider Trading, Crime, Law and Justice, Same-Sex Marriage
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News briefs for Friday, May 11
Biden pushes Obama to declare gay marriage support, then offers his apologies WASHINGTON (AP) — Sorry, Mr. President. After nearly single-handedly pushing gay marriage to the forefront of the presidential campaign and inadvertently pressuring...
Tags: Elections, Barack Obama, Joe Biden, Interior Policy, U.S. Navy
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JPMorgan Executives Expected To Leave Over Loss: Sources
Reuters(Reuters) - Three executives involved with the failed hedging strategy that has left JPMorgan Chase & Co with a $2 billion trading loss and a tarnished reputation are expected to leave the bank this week, sources close to the matter said on Sunday. The...Tags: JPMorgan Chase & Co., Finance, Economy, Business and Finance, Corporate Officers, Chicago
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JPMorgan executive Ina Drew becomes first casualty of bad trade
NEW YORK (AP) — The executive responsible for trading strategy at JPMorgan Chase, one of the highest-ranking women in Wall Street, on Monday became the first casualty of the bank’s stunning $2 billion loss. Ina Drew, 55, the chief...
Tags: JPMorgan Chase & Co., ABC (tv network), Economy, Business and Finance, Finance, Corporate Officers
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JPMorgan $2 Billion Loss Hits Shares, Credit, Image
ReutersNEW YORK/LONDON (Reuters) - JPMorgan Chase & Co lost $15 billion in market value and a notch in its credit ratings on Friday while a chorus of regulators and politicians reacted to its surprise $2 billion trading loss by demanding stiffer oversight for...Tags: Citigroup Incorporated, NBC (tv network), Central Bank, Shareholders, Federal Reserve
Oct 12, 2012
|Story| Petoskey News
Jul 6, 2012
|Story| AM News
Jul 13, 2012
|Story| Los Angeles Times
Jun 1, 2012
|Story| Herald Mail
Jun 10, 2012
|Story| Chicago Tribune
Jun 13, 2012
|Story| Petoskey News
May 15, 2012
|Story| Los Angeles Times
May 16, 2012
|Story| Baltimore Sun
May 11, 2012
|Story| Petoskey News
May 13, 2012
|Story| Chicago Tribune
May 14, 2012
|Story| Petoskey News
May 12, 2012
|Story| Chicago Tribune
Original site for Jamie Dimon topic gallery.
