| Oct 19, 2013
| 4:21 PM
Yes, $13 billion in penalties--the figure at the center of the JPMorgan mortgage settlement deal being reported Saturday--is eye opening. Yes, it's a record in a civil proceeding against a major corporation.
But the most significant thing about...
| Oct 21, 2013
| 4:32 PM
JPMorgan Chase, one of our nation's ethically-challenged financial institutions, is facing another big fine. That means that once again you'll be hearing the right wing's go-to defense of the bank: President Obama's out to get JPMorgan Chairman Jamie...
| Oct 24, 2013
| 6:24 PM
Jamie Dimon, arguably the nation's most powerful banker, has navigated intense scrutiny from Congress, the White House and regulators around the globe.
But it's a federal prosecutor in Sacramento, far from the world's financial and political capitals,...
| Jul 12, 2013
| 7:14 PM
Wells Fargo & Co. booked a record $5.5 billion in profit during the second quarter despite a dramatic rise in mortgage rates and signs of a slowdown in its refinancing business.
The 19% year-over-year jump in earnings for the nation's largest home...
| Dec 27, 2013
| 5:27 PM
Wall Street had plenty of reasons to think 2013 would go miserably for the stock market — what with a lackluster global economy, the U.S. government shutdown, Syria's civil war, the Obamacare fiasco and Miley Cyrus.
Instead, we're on track for a...
| Jan 10, 2014
Re "U.S. gives bank's execs a free pass," Column, Jan. 8
Michael Hiltzik is right on the money. JPMorgan Chase was clearly in violation of laws regarding suspicious activity reporting, and the fact that it got its own money out of Bernard Madoff's Ponzi...
| Jan 14, 2014
| 6:06 AM
NEW YORK -- JPMorgan Chase & Co.'s profit slipped 7% in the fourth quarter as the bank's legal costs mounted and investment banking slumped.
The nation's largest bank said Tuesday it earned $5.3 billion, or $1.30 a share, down from $5.7 billion, or $1....
| Jan 14, 2014
| 10:23 AM
Leadership positions at large U.S. banks are predominantly held by whites, according to a new report by the National Assn. for the Advancement of Colored People.
“Equal opportunity for people of color in the United States remains an unrealized...
| Jan 14, 2014
| 6:44 PM
NEW YORK — Massive legal payouts didn't just cost JPMorgan Chase & Co. billions last year. They also cost the Wall Street giant its title as America's most profitable bank.
After weathering a barrage of legal and regulatory assaults in 2013, the...
| Jan 20, 2014
| 11:34 AM
Let’s give New Jersey Gov. Chris Christie the benefit of the doubt for a minute.
Let’s say he was blindsided by his very close staff and truly knew nothing about the politically contrived four-day traffic jam that has marred his reputation,...
| Jan 22, 2014
| 4:57 PM
Never let it be said that Pope Francis doesn't know how to bring the battle to the battleground. In an address to the CEOs and assorted financial hangers-on gathered this week in Davos, Switzerland, for the annual World Economic Forum, he admonished...