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14 May 2012, 1:19 pm by Todd Ruger
"The enormous loss JP Morgan announced today is just the latest evidence that what banks call 'hedges' are often risky bets that so-called 'too big to fail' banks have no business making,” Levin said in a statement. [read post]
14 May 2012, 11:48 am by Andis Kaulins
But banks are special, because the risks they take are borne, in large part, by taxpayers and the economy as a whole. [read post]
14 May 2012, 7:57 am by Lovechilde
Robbie Conal The New York Times reports that JP Morgan, "which emerged from the financial crisis as the nation’s biggest bank, disclosed on Thursday that it had lost more than $2 billion in trading, a surprising stumble that promises to escalate the debate over whether regulations need to rein in trading by banks. [read post]
14 May 2012, 7:44 am by Jay Salamon
This article was originally posted on Stock Market LossWe’re currently representing a charitable foundation that pays JP Morgan Chase Bank a percentage of assets under management to serve as its discretionary portfolio manager. [read post]
14 May 2012, 7:00 am
Securities expert witness and Columbia Law School professor John Coffee commented this week on JP Morgan Chase & Co.'s $2B loss. [read post]
11 May 2012, 4:22 pm by James Hamilton
Senator Bob Corker (R-TN), a key member of the Banking Committee, has called for expeditious hearings into the events surrounding the JPMorgan Chase & Co. trading losses. [read post]
10 May 2012, 4:30 am
JP Morgan Chase Bank, N.A., 470 F.Supp.2d 312 (S.D. [read post]
8 May 2012, 5:30 pm by Ray Garcia
However, some banks such as JP Morgan Chase and have slowed down on their foreclosures and evictions, because of this they seem very doubtful that they can clear that amount. [read post]
1 May 2012, 12:58 pm by Law Lady
JP MORGAN CHASE BANK, N.A., ET AL., Appellees/Cross-Claimants/plaintiffs. 3rd District.Appeals -- Timeliness -- Untimely motion for rehearing did not toll rendition of final order for purposes of appeal -- Appeal dismissedIVORY MILES, JR., Appellant, v. [read post]
23 Apr 2012, 3:00 am by Louis M. Solomon
JP Morgan Chase Bank, N.A., et al., 11 Civ. 3283 (S.D.N.Y. 2011)(DLC), presents an extended discussion of the requirements, and pitfalls, of a judgment-creditor’s efforts to collect on a judgment. [read post]
19 Apr 2012, 2:13 pm
According to a report by The Las Vegas Sun, the suspects installed “skimmers” into the exterior door readers of JP Morgan Chase bank branches and pinhole cameras on the ATMs to capture card numbers and customer PINs (personal identification numbers). [read post]
3 Apr 2012, 9:23 am by Bob Lawless
Horwitz's articles at the American Banker include: A summary of the debt collection problems at JP Morgan Chase The story of a courageous whistleblower at JP Morgan Chase The facts about how credit card debt is sold with little to no documentation or supporting evidence, focusing especially on the problems at Bank of America Maria Aspen at American Banker separately reported how the sloppy sales of delinquent credit card accounts and shoddy debt… [read post]
2 Apr 2012, 7:56 am by Chad Bray
Morgan Chase & Co. has left the bank and returned to the U.S. attorney’s office in Brooklyn as its No. 2 prosecutor. [read post]
30 Mar 2012, 8:28 am by McNabb Associates, P.C.
Alleged victims of the scheme include: BNC Mortgage; Citibank (NYSE: C); CitiMortgage; Countywide Bank (since purchased by Bank of America (NYSE:BAC) ); Countrywide Home Loans; First Franklin Financial Corp.; First Franklin Financial Corp.; First Horizon Home Loans; Homecomings Financial LLC; IndyMac Bank; JP Morgan Chase Bank (NYSE: JPM); Long Beach Mortgage Corp.; Washington Mutual Bank; and Wells Fargo Bank (NYSE: WFC). [read post]
27 Mar 2012, 9:49 am by Larry Glosser
Roughly and JP Morgan Chase Bank, the Washington State Court of Appeals upheld a foreclosure sale of a condominium unit based on the homeowner's failure to pay Homeowner's Association ("HOA") assessments over the claims of the first lien lender's mortgage lien. [read post]
26 Mar 2012, 4:38 pm
Therefore, seeing as a trial could have led to a wide range of potential damage results, the settlement figure represents an appropriate range of recovery JPMorgan Agrees to Pay $150M To Settle Securities Lending Lawsuit, Bomberg, March 20, 2012 JPMorgan to pay $150 million over failed Sigma SIV, Reuters, March 20, 2012 More Blog Posts: JPMorgan Chase to Pay $211M to Settle Charges It Rigged Municipal Bond Transaction Bidding Competitions, Stockbroker Fraud Blog, July 9, 2011 … [read post]
22 Mar 2012, 3:46 pm by admin
The lawsuit sought to recover money not only from JP Morgan Chase, but also from seven other banks and mortgage companies including CitiMortgage, Bank of America, Wells Fargo Bank, PNC Bank, and Washington Mutual Bank. [read post]
21 Mar 2012, 6:14 am
Bank of America, Wells Fargo, Citigroup, Ally, and JP Morgan Chase were among the five that settled with the Federal Government for mortgage fraud and abuse. [read post]