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Jamie Dimon, the chief executive of JPMorgan Chase, says he believes Washington has become increasingly erratic and unfair in its treatment of the banks over the last few months, and he now has some regrets about participating in the government’s Troubled Asset Relief Program. “F.D.I.C. is going to cost us a lot of money. TARP [...]
Take you hands away from your eyes Mr. Dimon. Mortgage industry executives say homeowners simply are not complying with the program’s requirements, despite their best efforts to reach out. Homeowners “will not file the documents,” Jamie Dimon, JPMorgan Chase & Co.’s CEO, said this week. “We need the documents. We are trying to simplify it.” [...]
At a Congressional hearing on the foreclosure crisis, a Cuyahoga County official said the situation is “worse than it’s ever been – far worse.” Paul Bellamy, who oversees the Foreclosure Prevention Program for County Treasurer Jim Rokakis, says the problem is quiet because the banking industry has changed the rules. “The industry is not processing [...]
JPMorgan Chase & Co. reported strong third-quarter earnings Wednesday as its thriving investment banking business more than offset rising loan losses that the bank warned would continue for the forseeable future. Related Quotes Symbol Price Change JPM 47.40 +1.74 JPMorgan, the first of the big banks to report earnings for the July-September period, reported a [...]