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Why disclosure wasn't enough to stop JPMorgan losses
Tuesday, May 22, 2012
After the financial crisis of 2008, regulators focused on the idea of disclosure to prevent further problems in the financial industry. But what happens when the bank itself doesn't know how bad things are?
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European banks continue to fear extra withdrawals
Monday, May 21, 2012
Europeans are withdrawing extra money from their bank accounts in case the continent's financial crisis deepens and the single currency system falls apart.
JPMorgan losses now estimated at $3 billion
Thursday, May 17, 2012
Problems continue to swell for the banking giant, whose reported $2 billion loss could actually now be something more like $3 billion.
Occupy movement takes up responsible banking cause
Thursday, May 17, 2012
Chicago is getting ready for all the world leaders who will be in town for the big NATO meeting that starts today -- and for the busloads of people who will be coming into town to protest. Some will be associated with the Occupy Movement, which is hoping to re-ignite after a quiet winter.
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Greek citizens pulling money from banks
Wednesday, May 16, 2012
With a new general election on the way in Greece and the country's membership in the European Single Currency in the balance, people in Greece are trying to keep their bank accounts from losing value if ever the euro is dropped. Greece's central bank chief says depositors pulled about $900 million about of bank accounts Monday alone.
Fears of bank runs on the rise in Greece
Wednesday, May 16, 2012
New elections are scheduled for June 17th in Greece, but that may not be soon enough to calm fears at Greek banks. Almost a billion dollars worth of deposits was withdrawn on Monday alone.
JPMorgan shareholder meeting today in Tampa
Tuesday, May 15, 2012
In Tampa, Fla. today, there's a JPMorgan Chase shareholder meeting going on. Not a great time for CEO Jamie Dimon to face shareholders, given the $2 billion trading loss he announced last week.
Overdraft America
Thursday, May 3, 2012
Bank overdraft rules are poorly understood, especially by two groups: the young and low-income consumers.
Should European banks keep more cash in reserves?
Wednesday, May 2, 2012
European finance ministers are meeting today about how much money banks should have around in case of emergency. Banks argue the more that's set aside the less they have to lend and invest.
Small banks struggling to pay TARP funds back to feds
Wednesday, April 25, 2012
In a report to congress, TARP's inspector general says while the program will likely end up making a profit for taxpayers, there's ongoing worry that many small banks are having trouble paying back the feds.
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