Archive for January, 2013

JPMorgan slashes CEO Dimon’s pay on “Whale” trade

January 21, 2013

The following article is Reporting by David Henry and Emily Flitter in New York, Rick Rothacker in Charlotte, North Carolina and Kirstin Ridley in London.; Writing by Ben Berkowitz and Dan Wilchins; Editing by Jeffrey Benkoe at Reuters.Com. Jamie Dimon, JPMorgan Chase’s Chief Executive, had his 2012 bonus cut in half after the bank’s board […]

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Fitch Affirms Chase’s U.S. Residential Servicer Ratings; Outlook Negative

January 21, 2013

The following article is brought to you by BusinessWire.Com. NEW YORK–(BUSINESS WIRE)–Fitch Ratings has affirmed the following U.S. residential servicer ratings for JPMorgan Chase Bank, NA (Chase) (note these servicer ratings were formerly under the name of Chase Home Finance LLC).: – Residential primary servicer rating for Prime product at ‘RPS2+’ Outlook Negative; – Residential […]

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Wells, Chase, U.S. Bank, others agree to provide $8.5B to borrowers

January 21, 2013

The following article is brought to you by Kent Hoover at BizJournals.Com. Ten banks accused of deficient mortgage servicing and foreclosure practices — including some of Colorado’s largest — have agreed to provide $8.5 billion in cash payments and other assistance to borrowers under a deal reached with federal bank regulators. The banks in the […]

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Will JPMorgan Chase Be Held to Account for Money Laundering “Lapses” by US Regulators?

January 21, 2013

The following article is brought to you by Tom Burghardt at DissidnetVoice.Com. As a sop to outraged public opinion over Wall Street’s looting of the real economy, criminal banksters are coming under increased scrutiny by federal regulators. Scrutiny, however, is not the same thing as enforcement of laws such as the Bank Secrecy Act and […]

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Jamie Dimon leaves New York Fed board as term expires

January 14, 2013

The following article is brought to you by ChicagoTribune.Com. Jamie Dimon, the chairman and chief executive of JPMorgan Chase & Co., has quietly left the board of the New York Federal Reserve. Dimon didn’t relinquish his board membership to silence critics who, in the middle of last year, saw a conflict of interest — or […]

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