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 28, 2012 Yesterday, Standard & Poor's downgraded Greece's credit rating to "selective default." It's a move that everyone expected, but what's the difference between that and the messy default it was trying to avoid?
Feb 22, 2012 Richard Curtin of the Reuters/University of Michigan Consumer Sentiment Index discusses how the survey gauges consumer hopes and expectations, and what it means in elections.
Feb 16, 2012 Regardless of positive spin, the housing picture in the U.S. is less than rosy.
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
Dec 16, 2011 The Core Consumer Price Index tracks all kinds of spending except on food and gas, even though those prices help indicate consumers' choices and attitudes.
Dec 8, 2011 The JPMorgan Chase CEO really does not understand.
Nov 11, 2011 This final note today, which will do nothing to ease the average person's discomfort with how Wall Street operates....