Archive for February, 2012

JPMorgan Chase CEO: Newspaper Industry Pay ‘Just Damned Outrageous’

February 29, 2012

The following article is brought to you by Bonnie Kavoussi at HuffingtonPost.Com. The chief executive of the biggest bank in the United States says journalists are ridiculously overpaid. At the company’s annual investor day, JPMorgan Chase CEO Jamie Dimon called the percentage of newspaper company revenue paid out to employees “just damned outrageous,” according to […]

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JPMorgan Chase CEO Jamie Dimon To Defend Bank’s Size

February 29, 2012

The following article is brought to you by HuffingtonPost.Com. With the financial crisis in the rear-view mirror, investors and analysts are turning their attention to JPMorgan Chase & Co’s languishing stock price, setting the stage for a tough investors meeting on Tuesday for Chief Executive Jamie Dimon and his team. At least one widely followed […]

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Banks Win Reprieve on Home Equity Loans in Settlement

February 29, 2012

The following article is brought to you by Kathleen M. Howley at Bloomberg.Com. Bank of America Corp. (BAC), Wells Fargo & Co. (WFC) and three other banks that settled a nationwide probe of foreclosure practices this month will get a bonus from the deal: protection for $308 billion of home-equity loans they hold. The banks […]

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Posted in Home Loan Modifications, Jamie Dimon, JPMorgan Chase | 1 Comment »

Wells Fargo Seeks to End Mortgage-Repurchase Duties as Trustee

February 29, 2012

The following article is brought to you by Jody Shenn at Bloomberg.Com. Wells Fargo & Co. (WFC)’s mortgage-bond trustee division is planning to hand its duties to investigate soured home loans and pursue lender repurchases to other companies, in a move meant to address the appearance of conflicts of interests, an executive said. The country’s […]

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Another Hit: Banks Get Slammed With $949M Lawsuit

February 29, 2012

The following article is brought to you by FoxBusiness.Com. JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp.and more than a half dozen other major banks are being hit with a new lawsuit over $949 million in residential mortgage-backed securities. A summons was filed Tuesday by Sealink Funding Ltd, an Irish entity that oversees […]

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Posted in Home Loan Modifications, Jamie Dimon, JPMorgan Chase | 1 Comment »