Archive for June, 2011

A Whistle Blower Triumph – JPMorgan Drops Pursuit of Millions (Billions?) In Credit Card Debt

June 25, 2011

The following article is brought to you by Stephanie Eidelman of Forbes Magazine. In November 2010 one of our contributors to insideARM.com (ARM stands for accounts receivable management), Jerry Ashton, wrote a piece titled Follow Directions or be Fired! A Debt Professional’s Dilemma, in which he described how a so-called whistle-blower had been fired by […]

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Mighty US can shake off the gloom, says JPMorgan chief

June 24, 2011

The following article is brought to you by The Australian. (All red replies in this article are made by me the administrator of ChaseHomeFinanceSux.Com) ON Wednesday evening, in the private dining room of JPMorgan with the illuminated Sydney harbour as a backdrop, the bank’s global chief executive, Jamie Dimon, was in the company of Australia’s […]

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Judge Clears $861 Million J.P. Morgan-Lehman Settlement

June 23, 2011

The following article is brought to you by the Wall Street Journal. A judge on Thursday approved a settlement that calls for J.P. Morgan Chase to pay $861 million in cash and securities to customers of the defunct broker-deal business of Lehman Brothers Holdings. The settlement is the largest to date reached by the trustee […]

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Jamie Dimon Is Not Having a Very Good Day

June 22, 2011

The following article is brought to you by New York Magazine. JPMorgan will pay out $153.6 million to settle a federal civil suit that alleged the bank fraudulently misled mortgage investors during a2007 deal involving Magnetar Capital. The deal represents neither an admission nor denial of guilt for the charges. Said investors included “autoworkers for […]

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Overheard: Big, Bad, Baddest

June 18, 2011

The following article is brought to you by the Heard On The Street section of The Wall Street Journal. Mirror, mirror on the wall, who’s the biggest, baddest bank of all? Not Goldman Sachs Group, surprisingly. As regulators try to identify the world’s most systemically important banks, reports out of Basel, Switzerland, on Friday suggested […]

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