| Nov 20, 2013
| 11:56 AM
The "statement of fact" -- that narrative document that lays out what a corporate defendant has done wrong, without actually mentioning anything that could hurt the corporation in court -- has become our generation's big new literary genre. The...
| Nov 19, 2013
| 10:36 AM
U.S. banks don't come any bigger than JPMorgan Chase, so no one should be surprised by the size of its settlement with the U.S. Department of Justice that was announced today — $13 billion to end civil litigation regarding mortgage lending...
| 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 20, 2013
| 5:00 AM
Nothing seems to get U.S. corporations' dander up like a threat to the pay and perks of their chief executives.
That's one explanation for corporate America's superheated, turbocharged, over-the-top reaction to the CEO pay ratio rule recently proposed...
| 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,...
| Oct 2, 2013
| 4:26 PM
WASHINGTON — To Wall Street, the partial government shutdown is another unfortunate economic speed bump caused by partisan political fighting.
Failure to raise the debt limit, triggering a first-ever federal default, would be a brick wall on the...
| Sep 30, 2013
| 6:30 AM
Creditanstalt. Remember the name.
But first a family story:
He was an ambitious young man in the Roaring Twenties, fresh out of the University of Texas where he'd been, as they used to say, well-liked. And the young man deserved to be: He had a gift for...
| Oct 2, 2013
| 11:43 AM
WASHINGTON -- Top Wall Street chief executives met with President Obama on Wednesday and warned of severe economic consequences if the standoff over the federal budget and debt limit is not ended soon.
Goldman Sachs Chief Executive Lloyd Blankfein said...
| May 8, 2013
| 11:03 AM
Jack Welch is throwing his support — such as it is — behind Jamie Dimon, the embattled leader of JPMorgan Chase & Co.
Dimon is scrambling to hang on to the chairmanship of his company in the aftermath of an embarrassing trading mishap by the...
| May 22, 2013
| 8:20 AM
WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke said Wednesday that the central bank could start scaling back its stimulus program in the next few months, but warned against acting too quickly and harming the still-weak economic recovery.
| May 22, 2013
| 6:34 AM
WASHINGTON — A top Federal Reserve official said Wednesday that a decision on reducing the central bank's unprecedented economic stimulus efforts still is three to four months away as policymakers first must determine if the recovery is strong...