Refinancing mortgages is phenomenally profitable for banks – one of the few growth sectors actually spawned by the Fed’s herculean efforts to force down long-term interest rates through waves of quantitative easing. Banks went on a hiring b…
Tag Archive for Wells Fargo
Housing News
NAHB Data Shows Increasing Model Home Traffic, Sales Should Follow
by Newswires • • 0 Comments
Wall Street Examiner Home Sales Charts updated June 18 showing traffic improving with a widening gap over sales, suggesting increased sales to come. – Lee Adler Unedited NAHB Press Release June 18, 2012 – Builder confidence in the market for newly built, single-family homes gained one point in June from a slightly revised level in the previous…
Latest Business Headlines
HARP Allows Banks To Screw Borrowers Again
by Newswires • • 0 Comments
A government program that helps struggling homeowners take advantage of low interest rates to cut monthly mortgage payments is providing an unexpected revenue boost to large banks such as Wells Fargo and J.P. Morgan Chase. Banks that collect those payments, known as mortgage servicers, could get as much as $12 billion in revenue this year…
JP Morgan Latest News
JPMorgan (NYSE:JPM) Reorders CIO Unit- JPM, WFC, C, KEY, STI – U.S. Election News
by Newswires • • 0 Comments
JPMorgan (NYSE:JPM) Reorders CIO Unit- JPM, WFC, C, KEY, STIU.S. Election NewsIn the newest argue of the huge trading loss, JPMorgan Chase & Co. (NYSE:JPM) has planned to remove the private equity-like operations the special investments group from …
JP Morgan Latest News
Wells Fargo Cites Strength of Risk Panel After JPMorgan Blunder – San Francisco Chronicle
by Newswires • • 0 Comments
Wells Fargo Cites Strength of Risk Panel After JPMorgan BlunderSan Francisco Chronicle"You simply can't take your eye off the risk side," Stumpf said today at a New York investor conference, in response to a query about trading losses at …
JP Morgan Latest News
Wells Fargo highlights risk management – Reuters
by Newswires • • 0 Comments
The RepublicWells Fargo highlights risk managementReuters* Bank doesn't use hedging strategy like JPMorgan-CRO * Targets 1.3 to 1.6 pct return on assets * Vows discipline on acquisitions By Rick Rothacker May 22 (Reuters) – Wells Fargo & Co doe…
JP Morgan Latest News
JPMorgan Veered From Hedging Practices at Banks With Credit Bets – San Francisco Chronicle
by Newswires • • 0 Comments
CitybizlistJPMorgan Veered From Hedging Practices at Banks With Credit BetsSan Francisco ChronicleMay 22 (Bloomberg) — JPMorgan Chase & Co.'s biggest US competitors say their corporate investment offices avoid the use of derivatives that led t…
Latest Business Headlines
Occupy Wall Street denies link to May Day white powder bank scare – CBS News
by Newswires • • 0 Comments
ABC NewsOccupy Wall Street denies link to May Day white powder bank scareCBS News(CBS/AP) NEW YORK – Police say the white powder contained in several envelopes that were mailed to various bank branches in New York City turned out to be non-toxic. Polic…
Charles Hugh Smith
The Predatory State of California, Part 2
by Charles Hugh Smith • • 0 Comments
Due process and rule of law have been replaced with “legalized” looting and harrassment by government in America.
Yesterday’s entry Welcome to the Predatory State of California–Even If You Don’t Live There generated dozens of emails reco…
Charles Hugh Smith
Welcome to the Predatory State of California–Even If You Don’t Live There
by Charles Hugh Smith • • 3 Comments
Theft has been “legalized” for governments and banks in America.
Every once in a while an event crystallizes the stark reality behind the lacy curtain of propaganda and artifice. Here is one such event.
Correspondent R.T. is a retired accountant …
