Recent market sell-offs may have been more about paranoia than about real risk. JPMorgan calculations indicate that the potential impact of rising oil prices on the economy may be less than most investors think. But the fear fa…
HSBC got plenty of attention when it disclosed that it had suspended foreclosures in its annual report Monday. But its not the only bank whose annual report made for interesting reading. The risk disclosures in banks’ annual re…
JPMorgan Chase may come to regret buying Bear Stearns. Suits by Wells Fargo and bond insurer Ambac claim that Bear entirely disregarded loan quality to appease its trading desk’s ever-growing demand for mortgages to securitize….
Linda Almonte, a former employee of JPMorgan Chase who is suing the bank for wrongful termination, has upped the ante by filing a whistleblower complaint with the SEC. She’s alleging grotesque and illegal practices with Chase c…
Most people raising the issue of false mortgage documents are homeowners facing foreclosure. And banks often respond that botched paperwork is a mere technicality — nothing to worry about. Then you find a case like Wells Fargo…