Nominee to chair the Fed suggests low interest rates will continue
Banks
Why the Banks Should Fear Mary Jo White
This morning big banks woke up scared witless at the news of Obama’s pick to head the SEC, Mary Jo White.
JPMorgan’s Other Loss: A Voice for Regulatory Restraint
The failed bet that cost JPMorgan Chase $2 billion and plunged the bank’s stock by more than 9% on May 11 has rattled the financial sector. This wasn’t the case of a vigilante trader who struck out on his own. It was a top …
Jamie Dimon’s Worst Nightmare
Over at the conservative American Enterprise Institute blog, James Pethokoukis has an idea that could be a total game-changer for Mitt Romney: he should come out for breaking up the five biggest banks, which control about 70% of …
Jamie Dimon’s Moral Hazard
Jamie Dimon of JPMorganChase once was Barack Obama’s favorite banker, a big backer of the President’s 2008 campaign. But he’s been blowing hard and often when it turned out that Obama was attempting to–gasp!–regulate the banking industry after its wanton recklessness caused the stock market, and the economy, to crash. Dimon has gone on …
Vexed by Securitization Suit, Banks Pull Out of Mortgage Fraud Settlement Meeting
The five biggest mortgage servicers have cancelled a planned negotiating session with representatives of the 50 State Attorneys General in apparent protest over a federal regulator filing suit against them, a source familiar with the matter tells TIME.