Why Treasury Needs a Plan B for Mortgages
New York Times - Sat Dec 5, 2:50 pm ETThe Treasury’s mortgage-modification program relies on interest-rate reductions rather than principal cuts, which could cause a problem.
JPMorgan Chase
5528 Stories, most recent news story added Sat Dec 5, 1:11 am ET
News Stories
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BofA's Not Free And Clear
Forbes - Fri Dec 4, 7:37 pm ETTreasury still has warrants and promises from Bank of America.
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Geithner Disputes Goldman Sachs Claims It Didn’t Need U.S. Help
Bloomberg - Sat Dec 5, 1:11 am ETDec. 5 (Bloomberg) -- Treasury Secretary Timothy Geithner disputed claims by Goldman Sachs Group Inc . executives that the bank could have survived the financial crisis without government help and said it and other Wall Street firms should show some restraint in handing out bonuses this year.
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Redecard Declines on Former Executives’ ‘Cautious’ Outlook
Bloomberg - Fri Dec 4, 1:04 pm ETDec. 4 (Bloomberg) -- Redecard SA , the Brazilian processor of MasterCard Inc. payments, fell to a three-month low after JPMorgan Chase & Co. said former executives are “cautious” on the industry’s outlook because of increasing competition.
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Treasury gets $146.5M for Capital One warrants
AP via Yahoo! Finance - Fri Dec 4, 6:12 pm ETThe Treasury Department said Friday it received $146.5 million for the warrants of Capital One Financial Corp. in the first auction of the warrants the government received as part of the $700 billion financial system bailout.
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Capital One Warrant Auction May Mean Less TARP Profit (Update2)
Bloomberg - Fri Dec 4, 6:11 pm ETDec. 4 (Bloomberg) -- Capital One Financial Corp. warrants held by the U.S. government’s bank bailout program sold for $146.5 million, signaling taxpayers may get less reward than some analysts had predicted for rescuing the financial system.
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Capital One Warrant Auction May Mean Less TARP Profit (Update1)
Bloomberg - Fri Dec 4, 4:56 pm ETDec. 4 (Bloomberg) -- Capital One Financial Corp. warrants held by the U.S. government’s bank bailout program sold for $146.5 million, signaling taxpayers may get less reward than some analysts had predicted for rescuing the financial system.
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Brazil Stocks Drop, Led by Petrobras, Vale, as Commodities Fall
Bloomberg - Fri Dec 4, 4:46 pm ETDec. 4 (Bloomberg) -- Brazilian stocks retreated for a second day, led by oil and metals producers, as a plunge in commodity prices dimmed the profit outlook for the country’s raw-material exporters.
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U.S. Must Give List of 300 Deals to CDR Financial Attorneys
Bloomberg - Fri Dec 4, 4:30 pm ETDec. 4 (Bloomberg) -- A list of 300 municipal reinvestment deals that were allegedly rigged must be turned over to attorneys representing CDR Financial Products and three of its executives in two weeks by U.S. antitrust prosecutors, a federal judge said.
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U.S. Must Give List of 300 Deals to CDR Financial Attorneys
Bloomberg - Fri Dec 4, 4:28 pm ETDec. 4 (Bloomberg) -- A list of 300 municipal reinvestment deals that were allegedly rigged must be turned over to attorneys representing CDR Financial Products and three of its executives in two weeks by U.S. antitrust prosecutors, a federal judge said.
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Capital One Warrant Auction May Mean Less TARP Profit (Update1)
Bloomberg - Fri Dec 4, 4:23 pm ETDec. 4 (Bloomberg) -- Capital One Financial Corp. warrants held by the U.S. government’s bank bailout program sold for $146.5 million, signaling taxpayers may get less reward than some analysts had predicted for rescuing the financial system.
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Banks Take Losses on Short Sales as Foreclosures Soar (Update2)
Bloomberg - Fri Dec 4, 2:11 pm ETDec. 4 (Bloomberg) -- Drew Schlosser tried for two years to sell his three-bedroom Punta Gorda, Florida, waterfront condominium for less than he owed on its two mortgages.
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Banks Take Losses on Short Sales as Foreclosures Soar (Update2)
Bloomberg - Fri Dec 4, 2:09 pm ETDec. 4 (Bloomberg) -- Drew Schlosser tried for two years to sell his three-bedroom Punta Gorda, Florida, waterfront condominium for less than he owed on its two mortgages.
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Capital One Warrants Netted $146.5 Million in Treasury Auction
Bloomberg - Fri Dec 4, 1:26 pm ETDec. 4 (Bloomberg) -- Capital One Financial Corp. warrants held by the U.S. government’s bank bailout program sold for $146.5 million in the first auction designed to reward taxpayers for helping rescue the financial system.
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Venezuela Bolivar, Bonds Rebound as Chavez Scales Back Threats
Bloomberg - Fri Dec 4, 12:19 pm ETDec. 4 (Bloomberg) -- Venezuela’s bolivar rose, rebounding from a 9 percent plunge yesterday, and the country’s dollar bonds gained after President Hugo Chavez toned down threats to nationalize the banking sector.
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Treasury gets $146.5M for Capital One warrants
Washington Post - Fri Dec 4, 2:29 pm ETWASHINGTON -- The Treasury Department said Friday that it received $146.5 million for the warrants of Capital One Financial Corp. in the first auction of warrants the government received as part of the $700 billion financial system bailout.
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