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By Craig Torres and Cheyenne Hopkins, Bloomberg |
February 4, 2013
Top U.S. bank regulators and lawmakers are pushing for action to limit the risk that the government again winds up financing the rescue of one or more of the nation’s biggest financial institutions.
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By Dawn Kopecki and Cheyenne Hopkins |
February 3, 2013
The Office of the Comptroller of the Currency reportedly told lawmakers it missed changes to JPMorgan's risk-tracking system that might have flagged bad bets sooner.
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By Heather Perlberg and Dakin Campbell, Bloomberg |
January 22, 2013
Mortgage revenue at the four largest U.S. lenders is surpassing the costs of faulty home loans and foreclosures from the housing boom as Federal Reserve and government policies help fuel the recovery.
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By Jesse Hamilton, Bloomberg |
January 18, 2013
HSBC Holdings Inc. has signed a $249 million accord to settle claims of improper U.S. foreclosures, joining 12 other mortgage servicers in a deal that now exceeds $9 billion, according to banking regulators.
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By Cheyenne Hopkins |
January 17, 2013
JPMorgan Chase and a U.S. regulator reportedly will face criticism for lax oversight in a report by Senate investigators on the bank’s $6.2 billion trading loss.
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By Donal Griffin and Jesse Hamilton, Bloomberg |
January 16, 2013
Goldman Sachs Group Inc. and Morgan Stanley agreed to offer a $557 million package of cash and other assistance for mortgage borrowers to settle a federal probe into allegations that the banks improperly seized homes.
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By Dawn Kopecki, Hugh Son and Zachary Tracer, Bloomberg |
January 16, 2013
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon had his pay cut in half after a review of losses at the bank’s chief investment office found he bears responsibility for the blunders.
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By Dawn Kopecki and Jesse Hamilton, Bloomberg |
January 14, 2013
JPMorgan Chase & Co. was ordered by U.S. regulators to strengthen risk and auditing controls after the company lost more than $6.2 billion on botched derivatives trades last year.
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By Dawn Kopecki |
January 13, 2013
JPMorgan's board may consider releasing an internal report this week that faults CEO Jamie Dimon’s oversight for a loss of more than $6.2 billion on botched trades.
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By Jesse Hamilton, Bloomberg |
January 7, 2013
Ten of the largest U.S. mortgage servicers will pay a combined $8.5 billion under an agreement that will end case-by-case reviews of foreclosure-abuse claims stemming from a 2011 deal with regulators.
