Maryland Daily Record Maryland's trusted source for business and legal news
Business leaders across the country are feeling pessimistic about the current state of the economy.
Tagged with: business confidence JPMorgan Chase
Read More »Business leaders struggle to have confidence in the US economy, survey says
Chase to close 5% of bank branches
JPMorgan Chase plans to close 300 bank branches over the next two years, about 5 percent of the total, as more customers move online and the bank seeks to cut costs. The closures are part of a $1.4 billion cost-cutting ...
Tagged with: JPMorgan Chase
Read More »JPMorgan paying $5.1B in Fannie, Freddie deal
WASHINGTON — JPMorgan Chase has agreed to pay $5.1 billion to resolve claims that it misled Fannie Mae and Freddie Mac about risky home loans and mortgage securities that it sold them before the housing market collapsed. The Federal Housing ...
Tagged with: bank Bank of America Banks department of justice fannie mae federal housing finance agency freddie mac JPMorgan Chase
Read More »Banks earn record $42.2B in 2nd quarter
WASHINGTON — U.S. banks earned more from April through June than during any quarter on record, aided by a steep drop in losses from bad loans. The Federal Deposit Insurance Corp. says the banking industry earned $42.2 billion in the ...
Tagged with: Bank of America Banks citigroup earnings Federal Deposit Insurance Corp. JPMorgan Chase loans profit wells fargo
Read More »2 ex-JPMorgan employees charged in N.Y. in $6B loss
NEW YORK — Two former JPMorgan Chase & Co. traders falsified bank records to try to cover up trading losses that were spiraling out of control, prosecutors said Wednesday in in a criminal case that raises fresh questions about whether ...
Tagged with: conspiracy crime JPMorgan Chase Law legal news securities and exchange commission
Read More »Banks fall short in helping struggling homeowners
WASHINGTON — Homeowners trying to avoid foreclosure must wait too long for their loan modification applications to be reviewed by some of the nation’s top mortgage servicers, according to a report released Wednesday. Such delays can plunge borrowers deeper in ...
Tagged with: Bank of America Banks citigroup Economy Financing JPMorgan Chase mortgages Real Estate united states wells fargo
Read More »In-House Interrogatory
What did you think about the article on the White House counsel's shoes?
Tagged with: baseball fashion general counsel in-house counsel In-House Interrogatory in-house interrogatory JPMorgan Chase legal news marriott international inc. white house women
Read More »Banks report record earnings of $40.3B for Q1
WASHINGTON — U.S. banks earned more from January through March than during any quarter on record, buoyed by greater income from fees and fewer losses from bad loans. The banking industry earned $40.3 billion in the first quarter, the Federal ...
Tagged with: Bank of America Banks citigroup earnings JPMorgan Chase loans profit revenue wells fargo
Read More »Freddie accuses big banks of rigging lending rate
WASHINGTON — Freddie Mac has sued 15 big international banks, including JPMorgan Chase, Bank of America and Citigroup, accusing them of rigging a key interest rate and causing huge losses for the government-controlled mortgage giant. Freddie filed the lawsuit Thursday ...
Tagged with: alexandria Bank of America Banks Business fannie mae finance freddie mac Government JPMorgan Chase mortgages virginia
Read More »Ex-JPMorgan exec says Dimon withheld data
WASHINGTON — JPMorgan Chase CEO Jamie Dimon held back showing federal regulators reports in May that revealed the bank had accumulated billions of dollars in trading losses, according to congressional testimony Friday from the firm’s former chief financial officer. Douglas ...
Tagged with: Banks Business Economy finance Government great recession jamie dimon JPMorgan Chase Recession trading u.s senate
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