Tag Archive

Jamie Dimon And JPMorgan Chase Try To Escape The London Whale

Published on September 19, 2013 By admin

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 […]

Jamie Dimon Beware: The Wall Street Journal Says It Is Time to Break Up the Big Banks

Published on February 20, 2012 By admin

The following article is brought to you by David Paul at HuffingtonPost.Com. This week, four years after the collapse of Bear Stearns, the two hedge fund managers who helped bring about its demise, Ralph Cioffi and Matthew Tannin, agreed to pay $1 million to settle a civil suit brought by the Securities and Exchange Commission. […]

JPM Chase Quietly Halts Suits Over Consumer Debts

Published on January 22, 2012 By admin

The following is brought to you by Jeff Horwitz at AmericanBanker.Com JPMorgan Chase & Co. has quietly ceased filing lawsuits to collect consumer debts around the nation, dismissing in-house attorneys and virtually shutting down a collections machine that as recently as nine months ago was racking up hundreds of millions of dollars in monthly judgments. […]

SEC accuses former Fannie Mae, Freddie Mac bosses with fraud

Published on December 16, 2011 By admin

The following article is brought to you by Jim Puzzanghera at LATimes.Com. Six former top executives of housing finance giants Fannie Mae and Freddie Mac were accused of securities fraud Friday by federal regulators for allegedly misleading investors about the size of the companies’ risky subprime mortgage holdings. Among those in the SEC’s civil action […]

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 […]