The “robo-signers” at banks who signed thousands of foreclosure-related documents were essentially lying under oath. But perhaps even worse were the lawyers involved: They’re the ones who should have known better and put an en…
Kansas City Federal Reserve President Thomas Hoenig broke ranks with some of his fellow regional Federal Reserve executives Tuesday, warning against further monetary action as a way to spur economic activity.
C…
China ordered state-owned banks to limit lending as it moves to control inflation and prevent a credit bubble.
The Chinese government told the six largest state-owned banks to increase their reserves to 17.5% of deposits from 17%, The Associated Pres…
Blockbuster, (BBICP) the movie-rental chain that filed for bankruptcy last month, may have a new CEO by the end of the year.
The company has agreed to hire a headhunter to look for new blood once it emerges from bankruptcy protection, The Wall Street Journal said without naming its sources.
Some creditors are unhappy with the performance of current CEO Jim Keyes, and want to find…
Continue reading Blockbuster Considers Switching CEO
Blockbuster Considers Switching CEO originally appeared on DailyFinance on Tue, 12 Oct 2010 07:25:00.
Filed Under: Company News, Technology, People, Media, Blockbuster, Credit
JPMorgan Chase (JPM) is widening its review of foreclosure documents, CNNMoney said.
The bank is already reviewing 56,000 foreclosure documents in 23 states that need a judge to sign off on a foreclosure. Now, JPMorgan is expanding the review to states that don’t require a judge’s approval, CNNMoney said without naming its sources.
Banks have come under intense scrutiny as evidence…
Continue reading JPMorgan Chase Expands Foreclosure Review
JPMorgan Chase Expands Foreclosure Review originally appeared on DailyFinance on Tue, 12 Oct 2010 07:15:00.
Filed Under: Company News, Economy, JP Morgan Chase, Real Estate, Credit