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Originally published Monday, November 16, 2009 at 3:54 PM J.P. Morgan Chase: too big to decide who's too big to fail The Seattle Times disagrees with the argument by Jamie Dimon, chairman of J.P. Dimon, the chairman and chief executive of JP Morgan Chase,...
Tags: Jamie Dimon, Jamie Dimon, financial companies, Seattle, Washington Mutual, Federal Deposit Insurance Corporation, Too Big to Fail, the United States, JPMorgan Chase, Business Finance
Lafayette-based IberiaBank Corp.'s stock rocketed to $53.55 in early trading Monday, up $9.15 per share or 20.6 percent, after the firm acquired the assets of two failed Florida financial institutions late Friday. IberiaBank acquired $2.4 billion in assets...
Tags: IberiaBank Corp., Florida, Jacksonville, Bank failure, Colonial Bank, American Sterling Bank, Federal Deposit Insurance Corporation, Troubled Asset Relief Program, GMAC, Business Finance, Washington Mutual, Government intervention during the subprime mortgage crisis, Subprime mortgage crisis, economics
organ Chase & Co., the leading global financial services firm, donated a total of $672,782 or approximately P32.3 million to its own employees and various organizations, including the Philippine National Red Cross, World Vision International and Habitat...
Tags: Philippines�JPMorgan Chase & Co., financial services, flood victims, Philippines, Manila, Dow Jones Industrial Average, Chase, Washington Mutual, CCMP Capital, JPMorgan Chase, House of Morgan, Investment banks, Business Finance, Disaster Accident
On a Friday afternoon nine days ago, David Latta paced the lobby of the Best Western hotel in Oakdale, waiting for a telephone call from a federal official just two blocks away. When the call finally came at 6:10 p.m., Latta walked straight to a bank...
Tags: FDIC, Alerus, Prosperan Bank of Oakdale, David Latta, banks failures, Randy Newman, real estate, commercial real, Oakdale, Washington Mutual, Savings and loan association, Bank, Alerus Financial, GMAC, Financial institutions, Federal Deposit Insurance Corporation, IndyMac Federal Bank, Business Finance
organ Chase & Co quarterly profit rocketed to a much-higher-than-expected $3.6 billion as bond trading revenue surged, boosting optimism about a rebound in top Wall Street banks. The results cement JPMorgan’s position as one of the few banks that has...
Tags: credit card, investment banks, Washington Mutual Inc, card businesses, New York City, JPMorgan Chase, House of Morgan, Washington Mutual, Goldman Sachs, Bear Stearns, Primary dealers, Dow Jones Industrial Average, Business Finance
Yet two more Florida banks, including a local one, have fallen victim to the rough economic times. This time it’s Century Bank FSB of Sarasota and Naples-based Orion Bank, both of which were closed by regulators on Friday...Officials of the Office of...
Tags: Century Bank of Sarasota, Orion Bank in Naples, Orion Bank of Naples, IberiaBank of Lafayette, Century Bank FSB, orion banks, Southwest Florida, Florida Highway Patrol, century banks, florida banks, Los Angeles, Federal Deposit Insurance Corporation, Spam, Business Finance, Bank, Federal Reserve System, Financial services, United States federal banking legislation, IndyMac Federal Bank, Financial institutions, Colonial Bank, GMAC, Corus Bankshares, Undercapitalization, Deposit insurance, Washington Mutual, Banking, Bank failure, Savings and loan crisis, Savings and loan association, Silver State Bank
Here’s something the bad guys know that you should know, too. When you stop payment on a check with your bank, it’s good for only six months. After that, the check can be cashed unless you ask that the stop-payment order be extended. Pat and Gayla Lavery...
Tags: stop payment, Sam Beck, Gayla Lavery, payment orders, gayla laverys, vending machine, Chase Bank, Watauga, Numismatics, Overdraft, Payment, Bank, Washington Mutual, Payment systems, Banking, Cheque
Federal banking regulators closed Century Bank of Sarasota today after the troubled financial institution missed a deadline to either sell or merge. Officials from the Office of Thrift Supervision arrived at Century�s downtown Sarasota headquarters and...
Tags: Century Bank of Sarasota, century banking, Sarasota, Sarasota Florida, Financial services, Financial institutions, Federal Deposit Insurance Corporation, Bank, Business Finance, bank failures in the United States, Washington Mutual, BankUnited
The Bill & Melinda Gates foundation is offering $30 million to help charter schools in Houston get $300 million in tax-exempt bonds to build more schools...The credit support agreement is the foundation's first attempt to use "non-traditional means" to...
Tags: Gates Foundation, Houston, Russell Investments Center, Washington Mutual, Seattle, Bill & Melinda Gates Foundation, Concrete, Business Finance, Dow Jones Industrial Average, House of Morgan, JPMorgan Chase, Rockefeller Foundation, Knowledge Is Power Program, Charter school, Melinda Gates, Gates, Bill Gates, Education in the United States
Former bank executives are returning to the battered industry to bid on failed financial institutions, putting them in competition with healthy banks and private-equity firms for the rising number of doomed banks. Wall Street firms such as Goldman Sachs...
Tags: failing banks, New York City, JPMorgan Chase, Goldman Sachs, Washington Mutual, Investment banks, Primary dealers, Wachovia, Business Finance, Rockefeller Center, YES Network, Private equity, Federal Reserve System, Bank