This is a syndicated repost published with the permission of The Baseline Scenario. To view original, click here. Opinions herein are not those of the Wall…
The Federal Reserve is fully committed to its asset-propping strategy: It will raise the economy by lifting asset numbers.
Home equity in the first quarter rose to $6.7 trillion, the highest level since 2008, as homeowners taking advantage of record-low borrowing costs to refinance…
U.S. banks may have very little exposure to the troubles in Greece, but these same banks claimed very little exposure to subprime mortgages on the…
JPMorgan Among Banks Sued For $1.8 Billion Over MortgagesBloombergJPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS) are among the banks that were sued in New York for $1.8 billion over the sale of mortgage-backed securities. The banks ma…
JPMorgan's Home-Loan Debt in Europe Increases Anxiety: MortgagesSan Francisco ChronicleMay 21 (Bloomberg) — JPMorgan Chase & Co.'s holdings of home-loan bonds from outside the US soared 35-fold in the past three years. Now, with its chief …
ForbesJPMorgan CEO Should Affirm If Dividend Is Safe, Citigroup SaysBusinessWeekBy Rick Green on May 21, 2012 JPMorgan Chase & Co. (JPM) (JPM) Chief Executive Officer Jamie Dimon may give investors “a better explanation” of how the bank lost $2…
USA TODAYJPMorgan's whale in a fishpond: John KempReutersJPMorgan Chase & Co's reported hedging losses suggest the bank, famed for a disciplined approach to measuring and managing risk, is struggling to cope with increased demands of scale,…
USA TODAYJPMorgan Chase: Break Up the Big Banks Now. Here's How.Huffington Post (blog)When Jamie Dimon revealed that JPMorgan Chase had lost billions through risky and legally questionable trading, he said the losses would be about $2 billion and m…
JPMorgan's Home-Loan Debt in Europe Increases Anxiety: MortgagesBusinessWeekBy Jody Shenn and Esteban Duarte on May 20, 2012 JPMorgan Chase & Co. (JPM) (JPM)'s holdings of home-loan bonds from outside the US soared 35-fold in the past three…