| 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...
| Nov 19, 2013
| 2:28 PM
The headline number on the big JPMorgan Chase legal settlement with state and federal regulators hasn't changed in the weeks since the negotiations over the deal first broke into the open: $13 billion. The deal's sponsors are falling all over themselves...
| Nov 19, 2013
| 2:05 PM
JPMorgan Chase & Co. said the $13 billion settlement it reached with the Justice Department, state attorneys general and other agencies erased most of its potential liability in the sale of faulty mortgage investments that fueled the 2008 financial...
| 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 25, 2013
| 1:08 PM
You would have thought news was slow on Wall Street last week, when the hottest item on the ticker was that television personality Maria Bartiromo was jumping from CNBC, her onscreen home for two decades, to the Fox Business Channel.
Financial and media...
| Dec 12, 2013
| 1:21 PM
WASHINGTON — Mayor Rahm Emanuel today joined the chair of JPMorgan Chase as the firm announced a five-year, $250 million effort to close the “skills gap” to curb unemployment in urban areas in the U.S. and Europe.
Chicago is among...
| Apr 11, 2014
| 6:34 AM
Weakness in the mortgage and bond-trading businesses socked JPMorgan Chase & Co. with disappointing first-quarter earnings, a signal that the start of this year was a tough time for the banking industry.
JPMorgan, the nation's largest bank, is trying to...
| Apr 12, 2014
| 5:00 AM
CBS has "The Big Bang Theory" and its boss has an astronomical paycheck.
Leslie Moonves, the network's chief executive, was awarded a $66.9-million compensation package last year, according to a Securities and Exchange Commission filing Friday. That was...
| Mar 13, 2014
| 1:37 PM
OK, so what's the story on the sudden surge of banks in our town?
Big, hairy ones. The ones we bailed out after they caused the crash and who thanked us by collectively growing 30% bigger and gobbling up the weak.
Four new banks have come to town...
| Feb 10, 2014
| 11:28 AM
WASHINGTON -- A public interest group on Monday sued the Justice Department over last year’s record $13-billion settlement with JPMorgan Chase & Co., arguing the deal to resolve investigations into faulty mortgage investments was unconstitutional...
| Feb 12, 2014
Re "Errors could hurt college bound," Feb. 10
Such a simple word as "errors" diminishes the severity of purposely concealing grave misconduct by college applicants. The 11 Orange County students recently expelled from their high school over the cheating...