Archive for September, 2013

Jamie Dimon And JPMorgan Chase Try To Escape The London Whale

September 19, 2013

The following article is brought to you by Nathan Vardi at Forbes.Com Jamie Dimon, the chief executive of JPMorgan Chase & Co., is working overtime to try to extricate the nation’s biggest bank from a regulatory and prosecutorial mess that stretches from Washington to London over missteps like the $6 billion in trading losses the […]

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Servicers Fight Litigation Over Handling of Loans

September 19, 2013

The following article is brought to you by BusinessWeek.Com Sept. 11–Courts are refusing to toss cases alleging improper mortgage payment crediting practices, and mortgage servicers continue to make amends for improper foreclosures. A new law firms is being formed to enforce borrowers’ rights. U.S. District court judge Amy St. Eve on July 29 refused to […]

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

JPMorgan Chase settles lawsuit in Miami for $300M

September 19, 2013

The following article is brought to you by Brian Bandell at BizJournals.Com JPMorgan Chase & Co. and Assurant reached a $300 million settlement in a federal class action lawsuit in Miami over allegedly overcharging homeowners for forced placed insurance. The class action was filed in June 2012 on behalf of borrowers with forced place insurance […]

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

The real-life costs behind the JPM ‘Cult of Jamie’

September 19, 2013

The following article is brought to you by John Crudele at NYPost.Com Dear John: It seems we have underestimated the amount that Jamie Dimon has cost shareholders. JPMorgan Chase has been assessed an additional $680 million-plus in fines — most of that for the so-called “whale trade” in London but also $80 million for identity […]

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JPMorgan Chase to lay off 730 in San Diego

September 19, 2013

The following article is brought to you by Jonathan Horn & Lily Leung at UTSanDiego.Com JPMorgan Chase said Thursday it plans to lay off 730 San Diego workers from its loan-servicing business as home refinances and foreclosures dry up. The local layoffs, to be completed by 2014, are part of a national plan announced six […]

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