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Report: Banks aren't complying with mortgage settlement terms
Banks aren’t living up to pledges they made as part of a $26-billion settlement of government investigations into mortgage servicing and foreclosure abuses, according to an advocacy group’s survey of California housing counselors and lawyers....Tags: Mortgages, Government, National Government, Banking, JPMorgan Chase & Co.
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JPMorgan silent partner revealed in Whale fiasco
One of the best parts about last week's Senate hearing on JPMorgan Chase & Co.'s London Whale trades is that we finally got a clear picture of whose side the regulators were on during the early days while the bank's executives tried to contain the...Tags: Corporate Officers, JPMorgan Chase & Co., Parties and Movements, Derivative Securities, Jamie Dimon
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Senators to question former JPMorgan exec who oversaw London Whale
WASHINGTON -- Ina Drew, the former JPMorgan Chase & Co. executive who oversaw the trading unit responsible for the $6.2-billion "London Whale" trading losses, is scheduled to testify Friday at a Senate hearing on the risky derivatives bets. Drew, who...Tags: Corporate Officers, U.S. Senate, Carl Levin, Jamie Dimon, Politics
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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, Economy, Business and Finance
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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: Business Institutions, YouTube, Barack Obama, Elections, U.S. Senate Committee on Banking, Housing, and Urban Affairs
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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: Lawyers, Federal Reserve, Dauphin County, U.S. Supreme Court, Justice System
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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: Mortgages, Citigroup Incorporated, Morgan Stanley Dean Witter & Company, JPMorgan Chase & Co., Financial and Business Services
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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: Lawyers, Hagerstown (Washington, Maryland), Real Estate, Services and Shopping, Federal Reserve
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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: Google+, Federal Reserve, Finance, Banking, MetLife Incorporated
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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: Banking, Bank of America Corp., Companies and Corporations, Economy, Business and Finance, Old National Bancorp
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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: Mortgages, Finance, Career and Workplace, Financial and Business Services, Bank of America Corp.
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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: Lawyers, Barack Obama, Federal Reserve Bank of Chicago, Politics, Freddie Mac
Apr 3, 2013
|Story| Los Angeles Times
Mar 22, 2013
|Column| Allentown Morning Call
Mar 13, 2013
|Story| Los Angeles Times
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
Original site for Office of the Comptroller of the Currency topic gallery.