Archive for March, 2012

Banks to Face Tough Reviews, Details of Mortgage Deal Show

March 12, 2012

The following article is brought to you by Nelson D. Schwartz at NYTimes.Com. Banks will face stiff penalties and intense public scrutiny if they fail to live up to the standards of a $25 billion mortgage settlement with state and federal authorities, according to court documents filed as part of the deal Monday in federal […]

Tags: , , ,
Posted in Home Loan Modifications, Jamie Dimon, JPMorgan Chase | No Comments »

5 Bank Stocks Facing the Biggest Legal Risks

March 12, 2012

The following article is brought to you by Dan Freed at The Street, Contributor at Forbes.Com. As U.S. banks still struggle to put the 2008 crisis behind them, legal overhang remains a major issue. Whether its big institutional investors who say banks must repurchase bonds stuffed with fraudulent home loans, homeowners or attorneys general suing […]

Tags: , ,
Posted in Home Loan Modifications, Jamie Dimon, JPMorgan Chase | No Comments »

If Buffett Loves Jamie Dimon So Much, Why No JPMorgan Stock at Berkshire?

March 12, 2012

The following article is brought to you by Jeff Bailey at YCharts.Com. Reading Warren Buffett’s annual letter to Berkshire Hathaway (BRK.A) (BRK.B) shareholders is a lot like sitting through an Oscar acceptance speech – there’s a shout out to virtually everyone, including the 23 people who are counted as office staff at the Omaha headquarters […]

Tags: , , ,
Posted in Home Loan Modifications, Jamie Dimon, JPMorgan Chase | No Comments »

Dimon’s choice: Chasing away retail customers

March 12, 2012

The following article is brought to you by Aaron Elstein at CrainsNewYork.Com. Last Nov. 30, J.P. Morgan Chase & Co. notified federal regulators that it planned to close a bank branch in Garwood, N.J., a town of modest means that calls itself “the industrial center of Union County.” The day before, Chase informed those same […]

Tags: , ,
Posted in Home Loan Modifications, Jamie Dimon, JPMorgan Chase | No Comments »

Bankers Are The Enemies Of Capitalism

March 12, 2012

The following article is brought to you by Bruce Judson at BusinessInsider.Com. The phrase “Wall Street” is evocative in American culture. For generations, it has referred to the showcase of American capitalism: our financial services system that ensured the efficient use of funds by channeling capital to its most productive use. Indeed, the governing ethos […]

Tags: , ,
Posted in Home Loan Modifications, Jamie Dimon, JPMorgan Chase | No Comments »