Chase slips up

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.
JPMorgan Chase CEO Jamie Dimon
ERIC PIERMONT/AFP/Getty Images

J.P. Morgan profits despite its depositors

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.

Some banks offer extra incentive to short sell homes

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."

JP Morgan denies having MF Global's customers' money

Nov 4, 2011
This final note today, which will do nothing to ease the average person's discomfort with how Wall Street operates....

Banks bet on bigger, faster super computers

Jul 25, 2011
During the last financial crisis, JP Morgan realized it didn't have the computing power to keep up with the collapse. Bankers didn't know what...

Open Now: Glittering caves of gold

Oct 4, 2010
This final note today: An observation of what happens when gold hits new highs. $1,313 an ounce today. The thing about this rally is that people...

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More hot wheels

Sep 5, 2008
Call it reverse sticker shock. A report by JP Morgan auto analysts says the average price of a new vehicle fell more than 2 percent in the second...