Bank of America, Morgan Stanley and Goldman Sachs among those questioned by attorney general Eric Schneiderman Wall Street banks are facing fresh high-level scrutiny of their role in the credit crunch as New York’s attorney general opens an investigation into the packaging of mortgage loans into securities. Eric Schneiderman has called for meetings with several [...]
JPMorgan Chase & Co., after admitting it mishandled mortgages of U.S. service members, won approval of a $56 million settlement of claims that it overcharged on their home loans. View full post on All Stories
Chase, Chicago’s biggest bank, said it boosted its small-business lending in Illinois by 24 percent in 2010, making more than $750 million in loans to 21,754 businesses statewide. View full post on All Stories
JPMorgan Chase & Co. pleased investors Friday with news that it will raise its dividend soon, pending approval from the Federal Reserve. The bank also reported that its income jumped 47 percent in the final three months of 2010 as fewer customers defaulted on their loans. View full post on All Stories
Linda Young – AHN News Writer New York City, NY, United States (AHN) – JP Morgan Chase bank has informed all 192 United Nations member states that it will close its UN branch by the end of March, along with all business accounts and credit cards there. Chase has advised UN nations to seek business [...]
Vittorio Hernandez – AHN News New York, NY, United States (AHN) – The American International Group (AIG) secured $4.3 billion in bank credit lines which the firm will use to pay back the U.S. government bailout money it received during the global financial crisis. According to AIG’s regulatory filing made Monday, the credit facility comes [...]
JPMorgan is now saddled with $74.8 billion in nonperforming home loans inherited from WaMu, a third of the $230.7 billion in mortgages on its books. View full post on All Stories
NEW YORK–(BUSINESS WIRE)–Fitch Ratings has downgraded 16 classes of J.P. Morgan Chase Commercial Mortgage Securities Corp. 2005-LDP2 commercial mortgage pass-through certificates. A detailed list of rating actions follows at the end of this release. As a result of the expected losses on loans currently in special servicing, Fitch expects classes L through NR to be [...]
The banks with the largest dollar amounts of foreclosed home loans on their books are J.P. Morgan Chase & Co., Bank of America Corp. and Wells Fargo & Co., according to analyst firm SNL Financial. View full post on All Stories
The largest banks in Michigan are losing market share and Chase Bank now has the most deposits in the state, according to new data released Thursday by the Federal Deposit Insurance Corp. As of June 30, the five biggest banks in Michigan — Chase Bank, Comerica Bank, PNC Bank, Bank of America and Fifth Third [...]
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