Apr 13, 2012 The two major banks beat expectations with JPMorgan reporting a $5.4 billion profit last quarter, and Wells Fargo making a $4.2 billion profit. Both said an uptick in mortgage lending helped their bottom lines.
Heidi N. Moore
Mar 13, 2012 Turns out American banks are in a much better position financially than we thought.
Mar 2, 2012 A JPMorgan Chase executive said this week that clients who have less than $100,000 in deposits are unprofitable for the bank. New York bureau chief Heidi Moore discusses consumer reaction to that statement, and what it means for the bank.
Heidi N. Moore
Feb 29, 2012 J.P. Morgan Chase is posting record profits and opening hundreds of new branches. But most depositors don’t make the bank any money at all.
Feb 23, 2012 Prop trading, as it’s called on Wall Street, is the target of the Volcker Rule, a centerpiece of the Dodd-Frank financial reform act. Marketplace’s Paddy Hirsch explains what proprietary trading is, and why it’s potentially dangerous for our savings and the financial system.
Feb 10, 2012 From Lloyd Blankfein's support of gay marriage to Steve Jobs' high school GPA, why do we know more about the lives of CEOs than ever before?
Feb 8, 2012 Bloomberg News reports a case of a J.P. Morgan Chase letter to a homeowner that said "you could sell your home, owe nothing more on the mortgage, and get $30,000."
Stacey Vanek Smith
Feb 2, 2012 Mark Zuckerberg will follow a tradition of CEOs who earned just $1 a year. Sort of. Facebook isn’t struggling, so what’s his point?
Feb 1, 2012 JC Penney CEO Ron Johnson, formerly of Target and Apple, explains how he hopes to move the company forward -- in part by looking back to the heyday of department stores.