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Tag Archives: jp morgan chase
New rules created to help homeowners
The Consumer Financial Protection Bureau proposed new rules on Friday to help give homeowners more information on outstanding balances and pending interest rate changes. When the bureau investigated numerous mortgage servicers, the results were disastrous for the industry as a whole. … Continue reading
More JPMorgan Chase losses to come
Back on May 14th, JPMorgan Chase announced that it lost $2 billion on failed derivative bet trading (the same type of bets that contributed to the 2008 crisis). However it now appears as if that number and the whole situation … Continue reading
Posted in Economy
Tagged controversy, fbi, jaime dimon, jp morgan chase, regulation, sec, senate banking committee, trade
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Big Banks shrink lending
Even though the economy has been recovering at a snail-like pace, there is a possibility that the recovery may be fizziling out. One of the main indicators of economic health is bank lending, it has been rising for most of … Continue reading
Posted in Economy
Tagged bank of america, banks, citigroup, credit unions, economy, jp morgan chase, lending, wells fargo
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5 U.S. banks face possible downgrade
The rating agency Moody’s has put 17 global instutions (5 in America) and 114 European banking institutions under review for a possible downgrade. The five U.S. banks are Bank of America, Citigroup, Goldman Sachs, Morgan Stanley and JP Morgan Chase. … Continue reading
Posted in Economy
Tagged bank of america, citigroup, downgrade, goldman sachs, italy, jp morgan chase, moody's, morgan stanley, review, spain, us
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Banks agree to mortage settlement
Five of the largest banks in the nation agreed to a deal with 49 states settling charges of abusive and negligent foreclosure practices since 2008. The deal was announced on Thursday February 9th, the banks will change the way … Continue reading
