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16 Sep 2008, 1:53 am
Here's the recent tally:1) When Bear Sterns is in trouble, the federal govt subsidizes its acquisition by JP Morgan Chase.2) When Fannie Mae and Freddie Mac are in trouble, the federal govt takes them over outright.3) When Lehman Bros. is in trouble, the executive branch of the federal govt does nothing, leaving the bankruptcy court to sort things out.4) When Merrill Lynch is in trouble, the federal government watches closely, and then breathes a sigh of relief as Bank of… [read post]
15 Sep 2008, 5:14 am
  Lehman Brothers will announce today that it is going into bankruptcy, as seemed obvious since last March, when Bear Sterns was purchased by JP Morgan Chase. [read post]
15 Sep 2008, 4:15 am by Doug Cornelius
Banks Falter; Markets Shaken.According to the Wall Street Journal, the lack of a backstop scared off Bank of America and Barclays PLC: Ultimatum by Paulson Sparked Frantic End. [read post]
13 Sep 2008, 10:24 pm
The stock price, while down 21%  from March 31, 2007, is down far less than Bank of America (-37%) or Citigroup (-59%), and JP Morgan Chase's market cap is now virtually equivalent to that of Bank of America and some 25% higher than Citi. [read post]
10 Sep 2008, 9:05 pm
The settlement is part of a $40 billion lawsuit by investors alleging that Bank of America, JPMorgan Chase, Citigroup participated in the accounting fraud which led to Enron's collapse. [read post]
10 Sep 2008, 11:10 am
After Bear Stearns was taken over by JPMorgan Chase in a government-brokered deal, there was much speculation about where the bank’s former chieftain, Alan D. [read post]
9 Sep 2008, 5:05 pm
JPMorgan Chase is close to subleasing about 270,000 square feet of office space at 277 Park Ave. to France's Natixis, as the banking giant moves its investment bank to Bear Stearns's former headquarters, according to Real Estate Weekly. [read post]
9 Sep 2008, 3:20 am
The Post further reported that AIG is working with investment bank JPMorgan Chase to arrange the structure of the company, the Post said, citing people familiar with the matter. [read post]
8 Sep 2008, 10:15 pm
Here's more layoff news from that fair city, from TheLawyer.com: More than half of the UK lawyers at US investment bank Bear Stearns have beenâ€â [read post]
8 Sep 2008, 3:55 am
Banks Duty In A Repossession The bank or the lien holder has the duty to assure that a repossession is conducted without a breach of the peace. [read post]
3 Sep 2008, 5:47 pm
JP Morgan Chase Bank , a 17-page opinion, Judge Riley writes:Appellants-Mechanic's Lienholders, Harold McComb & Son, Inc. [read post]
30 Aug 2008, 12:15 pm
  They culminated in an acquisition of the investment bank by JP Morgan Chase. [read post]
29 Aug 2008, 11:00 pm
To McCain: Merrill Lynch $296,913 Citigroup Inc $268,501 Morgan Stanley $234,272 Goldman Sachs $208,395 JPMorgan Chase & Co $179,975 AT&T Inc $174,497 Greenberg Traurig LLP $150,387 Credit Suisse Group $150,025 Blank Rome LLP $149,426 PricewaterhouseCoopers $140,120 UBS AG $139,665 US Government … [read post]
29 Aug 2008, 6:23 pm
For publication opinions today (4): In Countrymark Copperative, Inc.; et al. v. [read post]
29 Aug 2008, 2:40 pm
The implosion of the mortgage market has so badly injured the US financial system that we will see a steady wave of bank failures as regional banks bets on bad commercial and residential real estate deals come home to roost. [read post]
26 Aug 2008, 3:14 pm
So far, Merrill Lynch & Co., Goldman Sachs Group, Deutsche Bank, Citigroup Inc., UBS Financial Services, Morgan Stanley, JPMorgan Chase & Co., and Wachovia Corp. have agreed to buy back frozen auction-rate securities from investors. [read post]
26 Aug 2008, 1:18 pm
The firm totally collapsed over the weekend and was sold to JPMorgan Chase for $2 per share on March 17 (later raised to $10). [read post]