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JPMorgan Chase reveals $2 billion losses

May 10, 2012
On what were essentially bad and risky bets made by the bank. Still, CEO Jamie Dimon tried to play down the situation in today's conference call.
Posted In: JPMorgan, Jamie Dimon, Banks

New push for public banks

Apr 27, 2012
They are already in North Dakota and Chicago. Now there's a move to get more state and local governments to use them instead of big private banks.
Posted In: public banks, Banks

FDIC spells a good, sound sleep for savers

Apr 26, 2012
Seventeen banks have failed so far this year, but their customers can rest easy -- thanks to the Federal Deposit Insurance Corporation, as Sr. Producer Paddy Hirsch explains.
Posted In: FDIC, Banks, small banks, failure, insurance

Small banks struggle to pay off TARP funds

Apr 25, 2012
The Troubled Asset Relief Program’s inspector general says bailout funds helped community banks, but many are struggling to raise fresh capital.
Posted In: Housing, TARP, small banks, Banks

How average shareholders can take on the big banks

Apr 19, 2012
A peek inside annual meetings for the big banks, where small shareholders get to talk directly to executives.
Posted In: shareholders, Citigroup, Banks

Shadow banking: Still a threat

Apr 16, 2012
Shadow banking has grown since the financial crisis. Sr. Producer Paddy Hirsch casts a light on the system and explains why it's so dangerous.
Posted In: shadow banking, Banks, banking

Wells Fargo and JPMorgan report big profits

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.
Posted In: Wells Fargo, JPMorgan, Banks, mortgage

Is it time to break up the banks?

Apr 4, 2012
Commentator Robert Reich says the continued specter of 'too big to fail' compels nothing less.
Posted In: Banks, too big to fail, Wall Street, Dodd-Frank law, bank reform

Citigroup: Who Are You Calling A Failure?

Mar 14, 2012
Citigroup put up a blog post today disputing that the bank had "failed" the Federal Reserve's stress tests.
Posted In: Citigroup, Banks, Report Cards

Stress tests clear banks to nurse U.S. economy

Mar 14, 2012
Now that most big U.S. banks are deemed healthy enough to sustain a financial crisis, will they aid the economic recovery?
Posted In: stress tests, Banks

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