By ADAM KLASFELD MANHATTAN (CN) – A JPMorgan Chase shareholder jumped the gun in filing a derivative lawsuit against CEO Jamie Dimon in connection with “six recent, high-profile settlements with government agencies and private litigants arising out of allegations of… Read More ›
JPMorgan Chase
Chase’s ‘Secret’ Deal With Feds Faces Challenge
– The historic agreement gives JPMorgan Chase “complete civil immunity” for its illegal conduct regarding the packaging of “toxic subprime mortgages” and contribution to the worst financial crisis since the Great Depression – “This contract was the product of negotiations… Read More ›
California Counties Want Millions From Banks for Fixing LIBOR
By ROBERT KAHN (CN) – Bank of America and other heavy hitters defrauded cities and counties by conspiring to fix, and lie about, the LIBOR rates, four California counties and cities and a Bay Area utilities district claim… Read More ›
Goldman Sachs won’t do business with Southern Europe ” only a “small” probability that the euro area will stick together “
Monday, 26 November 2012 Goldman Sachs Group Inc., the No. 1 stock underwriter in Europe, turned down roles in offerings by banks in Spain and Italy this year, the only top U.S. securities firm not to take part in the… Read More ›
Woman Says JPMorgan Gave Rapist Free Rein
By DAVID LEE DALLAS (CN) – A JPMorgan Chase employee says in court that she was raped by a vice president whom the bank allowed “to prey on defenseless women.” Kimberly Schultz sued the bank and Derrick… Read More ›
Iranian hackers target Bank of America, JPMorgan, Citi
Iranian hackers target Bank of America, JPMorgan, Citi By Jim Finkle and Rick RothackerPosted 2012/09/21 at 5:40 pm EDT Sep. 21, 2012 (Reuters) — Iranian hackers have repeatedly attacked Bank of America Corp, JPMorgan Chase & Co and Citigroup Inc… Read More ›
Study: Banks to blame for over 800,000 unnecessary foreclosures
By Pro Publica Tuesday, September 11, 2012 16:25 EDT By Paul Kiel ProPublica Over the past several years, we’ve reported extensively on the big banks’ foreclosure failings. As a result of banks’ disorganization and understaffing — particularly at the… Read More ›
Engineering Evil 