It’s just one exchange between a loan applicant and a bank loan officer, but it speaks volumes about how the housing bubble was inflated so wildly and so quickly. Whatever happened to “truth in lending”?
Contin…
Apple, BofA, Morgan Stanley, IBM, GE, Goldman and Google are among the names reporting this week. And if last week’s numbers are any guide, the market should have plenty of reasons to rally — especially because expectations ar…
Stocks ended the week on a positive note despite economic reports that fell short of expectations. But Cort Gwon of FBN Securities says there was lots to cheer about as fears over the debt crisis in Europe lessened and U.S. com…
As big banks start reporting earnings, JPMorgan CEO Jamie Dimon is the latest exec to talk about dividends. Overall, Wall Street is expecting the big banks to post strong results, including improved credit quality and increased…
The banking giant’s fourth-quarter profit jumped 47% to $4.8 billion even as it racked up charges for mortgage-related legal expenses. If Morgan is any indication, profits at money-center banks have rebounded to pre-credit-cris…