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.
Mar 1, 2012 The bank is reportedly currently testing different fee models -- including monthly charges of anywhere from $6 to $25. This comes after a pushback last year against a $5 monthly debit card fee.
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 29, 2012 A letter found in the attic tells a story of the ATM's origins.
Feb 13, 2012 The Obama administration and nearly every U.S. state are reportedly ready to settle for $26 billion with five of the country's largest banks over allegations of abusive foreclosure practices.
Feb 13, 2012 A settlement has been reached between state attorneys general and five major banks, but the problems of the housing market in the U.S. are far from over.
Jan 20, 2012 After refinancing my house with a low-rate, conventional 15-year mortgage, I received an offer to set up bi-weekly or weekly payments. What are the benefits and pitfalls of such a plan? Ron, Richmond Hill, GA
Jan 20, 2012 A review of the week's biggest business news. This week: News of a debt deal for Greece and what U.S. bank earnings says about the industry in the future.
Jan 17, 2012 Wells Fargo announced a 20 percent yearly profit today, making money on its mortgage business. But Citigroup stumbled as trading revenue dips for stocks and bonds.
Jan 13, 2012 J.P. Morgan Chase reported its earnings were down 23 percent today. What does this mean for the rest of the big banks?