Archive for December, 2012

Exec Who Allegedly Enabled Fraud Runs Chase’s Effort to Compensate Foreclosure Victims

December 31, 2012

The following article is brought to you by Paul Kiel at ProPublica.Org. An executive who the Justice Department says facilitated a scheme to defraud Fannie Mae and Freddie Mac is now spearheading JPMorgan Chase’s role in the government’s program to compensate victims of the big banks’ abusive foreclosure practices. The executive, Rebecca Mairone, worked at […]

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

JPMorgan Chase, Credit Suisse Settlement: Banks Agree To Pay More Than $400 Million To Settle Claims They Misled Investors

December 31, 2012

The following article is brought to you by Mark Gongloff at HuffingtonPost.Com. JPMorgan Chase and Credit Suisse will together pay $417 million to settle charges they misled investors about the quality of residential mortgage-backed securities — wrist-slaps for both, though possibly not the end of the story. JPMorgan, the biggest U.S. bank by assets, will […]

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JPMorgan Trader Fired for Metal Mispricing Loses Lawsuit

December 31, 2012

The following article is brought to you by Kit Chellel at BusinessWeek.Com. A former JPMorgan Chase & Co. (JPM) commodities trader, fired for mispricing aluminum trades, lost a lawsuit against the bank when a London judge ruled he couldn’t explain why the errors had all been profitable. Daragh Nott, who was fired in September after […]

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Dimon Says Banks Need Truce With Washington to Revive Economy

December 31, 2012

The following article is brought to you by Dawn Kopecki at BusinessWeek.Com. JPMorgan Chase & Co. (JPM)’s Jamie Dimon, who once publicly challenged Federal Reserve Chairman Ben S. Bernanke’s judgment and said Paul Volcker didn’t understand capital markets, called today for U.S. officials and corporate chiefs to halt “antagonistic behavior” and work together. “Let’s just […]

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Jamie Dimon Is Not Ever Going To Stop Whining About President Obama

December 31, 2012

The following article is brought to you by Mark Gongloff at HuffingtonPost.Com. Tuesday’s election may have changed some things in this country, but one thing has not changed: Jamie Dimon is going to keep right on whining about President Obama, thank you very much. Dimon on Friday afternoon did his whining on CNBC, which has […]

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