Tag Archive

Banks beware: Time is ripe for MBS breach-of-contract suits

Published on September 21, 2011 By admin

The following article is brought to you by Alison Frankel’s “On The Case”, at ThomsonReuters.Com Over the last couple of months Bank of America has taken a stock market and regulatory beating so brutal that it’s reportedly considering the previously unthinkable option of putting Countrywide into Chapter 11. BofA’s mortgage-backed securities exposure seems to have […]

JPMorgan, Morgan Stanley Warn Investors of Tough Quarter for Trading Units

Published on September 14, 2011 By admin

The following is brought to you by Michael J. Moore and Dawn Kopecki at Bloomberg.Com. JPMorgan Chase & Co.and Morgan Stanley warned investors that their stock- and bond-trading businesses are facing a difficult third quarter as the U.S. economy weakens and Europe’s debt crisis intensifies. JPMorgan’s trading revenue will drop about 30 percent this quarter […]

Wall St. Banks Expected to Post Weak 2nd-Quarter Results

Published on July 11, 2011 By admin

The following article is brought to you by Eric Dash New York Times Only a few short months ago, JPMorgan Chase traders were on such a roll that they did not have a single losing day in the first quarter. But when the bank reports its second-quarter results this week, that hot streak will have […]