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Ina Drew, who oversaw JPMorgan's 'London Whale,' saddened by losses
WASHINGTON -- Ina Drew, the former JPMorgan Chase & Co., executive who oversaw the “London Whale” trades, admitted mistakes led to at least $6.2 billion in losses and told senators Friday she was “saddened” by the scandal last...
Tags: Finance, JPMorgan Chase & Co., Jamie Dimon
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Elizabeth Warren's first grilling of regulators is a YouTube hit
WASHINGTON — Sen. Elizabeth Warren (D-Mass.), a darling of liberals who has been mentioned as a potential 2016 presidential contender, had kept a deliberately low profile since her election in November. In less than five minutes last week,...
Tags: Finance, Justice System, Judges, U.S. Securities and Exchange Commission, $700 Billion Bank Bailout (2008)
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DeNaples banking ban vacated; court blasts regulators
Scranton Times-TribuneLouis A. DeNaples may be free to rejoin the board of directors of the First National Community Bank after a federal court vacated a lifetime ban from banking imposed by regulators. The decision vaporized all outstanding orders against Mr. DeNaples...Tags: Dauphin County, Federal Reserve, U.S. Supreme Court, Organized Crime, First National Community Bank
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Goldman, Morgan Stanley settle foreclosure cases for $557 million
Goldman Sachs and Morgan Stanley will pay $557 million in cash and other assistance to help certain people who have fallen behind on their mortgage payments, and others who lost homes to foreclosure, according to the Federal Reserve. The agreements with...
Tags: Goldman Sachs Group, Inc., Mortgages, U.S. Department of the Treasury, Citigroup Incorporated, Morgan Stanley Dean Witter & Company
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Foreclosure victims might reap windfall
arnoldp@herald-mail.comNancy Shulley received a letter about a year ago that she thought might be junk mail, but, just in case, she put it in a desk drawer and eventually sent a reply. Good thing she did. Now, the Hagerstown woman’s letter might be the ticket to her...Tags: Bankruptcy, Real Estate, JPMorgan Chase & Co., Justice System, Cumberland (Allegany, Maryland)
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MetLife gets out of banking business, sells deposits to GE Capital
WASHINGTON -- Snoopy is getting out of the banking business. Insurance giant MetLife Inc., which uses Peanuts characters as its corporate mascots, on Monday closed a deal to sell its banking assets. GE Capital Retail Bank, a subsidiary of General...
Tags: Federal Reserve, General Electric Company, Finance, MetLife Incorporated, Google+
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Old National Bank acquiring 24 branches in Indiana, Michigan
South Bend TribuneAn Evansville-based bank is making moves to significantly increase the size of its footprint in Michiana. Old National Bank executives announced Wednesday that the company is buying 24 branches from Bank of America in South Bend, Elkhart and southern...Tags: Mergers, Acquisitions and Takeovers, Companies and Corporations, Old National Bancorp, Niles, Banking
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Letters: The mortgage merry-go-round
Re "Lenders get off too easy in deal," Column, Jan. 8 Having dealt with the problems David Lazarus describes as an attorney representing borrowers, I agree wholeheartedly with him. There is no amount of money that can reimburse people who are getting...Tags: The Wall Street Journal, Mortgages, Collective Contract, Finance, Wage Contract Issues
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Federal regulators prepare new mortgage rules while cleaning up faulty foreclosure issues
Six years after the housing bubble burst, federal regulators are trying to restore confidence in the nation's mortgage industry while continuing to remedy past ills. On Monday, the Office of the Comptroller of the Currency announced an $8.5 billion...
Tags: Countrywide Financial Corp., Fannie Mae, Freddie Mac, Justice System, JPMorgan Chase & Co.
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Ten banks to pay $8.5 billion to settle foreclosure abuse review
WASHINGTON -- Ten of the nation's largest mortgage servicers have agreed to an $8.5-billion settlement with federal regulators to end a review of foreclosure abuses. The settlement, announced Monday, involved some of the biggest names in the financial...
Tags: Fannie Mae, Finance, Financial and Business Services, JPMorgan Chase & Co., Google+
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$10-billion settlement of foreclosure abuse cases said to be near
Banks and regulators worked late Sunday to finalize a nearly $10-billion settlement that would halt a much-maligned program to review foreclosures from the height of the housing crisis, according to four people familiar with the talks. At least 14 banks...
Tags: Finance, U.S. Department of the Treasury, Morgan Stanley Dean Witter & Company, Financial and Business Services, JPMorgan Chase & Co.
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Valley homeowners to cash in on foreclosure deal
About 23,000 homeowners in the Lehigh Valley and surrounding counties could get a piece of the $8.5 billion settlement announced this week to settle allegations that banks didn't play fair when foreclosing on homes. The settlement is the result of...Tags: Mortgages, Financial and Business Services, U.S. House Committee on Oversight and Government Reform, JPMorgan Chase & Co., Federal Reserve
Mar 15, 2013
|Story| Los Angeles Times
Feb 18, 2013
|Story| Los Angeles Times
Jan 30, 2013
|Story| Allentown Morning Call
Jan 16, 2013
|Story| Los Angeles Times
Jan 12, 2013
|Story| Herald Mail
Jan 14, 2013
|Story| Los Angeles Times
Jan 9, 2013
|Story| South Bend Tribune
Jan 11, 2013
|Story| Los Angeles Times
Jan 8, 2013
|Story| Chicago Tribune
Jan 7, 2013
|Story| Los Angeles Times
Jan 6, 2013
|Story| Los Angeles Times
Jan 9, 2013
|Column| Allentown Morning Call
Original site for Office of the Comptroller of the Currency topic gallery.
