JP Morgan Chase

Bringing The Big Banks to Justice, One Mortgage At a Time

FORTUNE (Source: CNNMoney By Abigail Field) – Investors in mortgage-backed securities who got cleaned out during the housing bust aren’t going to take their losses lying down. The first act of investor revolt was organized by Kathy Patrick, a little-known [...]


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AIG Eyes Banks to Lead ILFC Offering

(Source: BY RANDALL SMITH AND SERENANG) – American International Group Inc. has tentatively identified the Wall Street banks that will lead an initial public offering of its large airplane-leasing unit, International Lease Finance Corp., according to people familiar with the [...]


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Banks’ Mortgage Servicing Falls Short, Connecticut Says

(Source: Bloomberg By David McLaughlin) – Connecticut Attorney General George Jepsen is seeking meetings with four U.S. lenders to discuss their foreclosure practices, saying they are failing to devote sufficient resources to servicing mortgages.


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JPMorgan Multiplies as Bank of America Shrinks in Deposit Grab

June 14 (Source: Bloomberg  By Dakin Campbell) — Charlsey Smedley, a retired schoolteacher in Orlando, Florida, started moving her checking account last month to JPMorgan Chase & Co. from Bank America Corp., where she has been a customer for more [...]


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