CEO Jamie Dimon

Another fee is coming in the new year for airline and hotel customers — this time from your credit card company. The message: Pay your bill on time or forfeit the miles or points you thought you earned for making purchases on your card during that month. To get the rewards back, it's going to cost you. American Express Co. is sending notices to customers who hold its cobranded cards with Delta Air Lines, JetBlue, Hilton Hotels and Starwood Hotels, that beginning in January rewards won't be transferred to loyalty accounts with those partners if you are late paying your bill. You'll be hit ... Read Full Story

US investment bank JP Morgan Chase will later on Thursday unveil a one-billion-pound deal to buy 190-year-old London stockbroker Cazenove, a newspaper said. The bank is to pay about 535 pence a share for the 50-percent stake of Cazenove which it does not already own, the Financial Times said. Under the deal, Cazenove chairman David Mayhew would stay on and was likely to receive a windfall of more than 19 million pounds, the newspaper said, citing sources. Media reported earlier this week that JP Morgan was looking to take full control of Cazenove, which is broker to Queen Elizabeth II. Five years ago, Cazenove ... Read Full Story

US investment bank JP Morgan Chase will later Thursday unveil a one-billion-pound (1.67-billion-dollar, 1.12-billion-euro) deal to buy 190-year-old London stockbroker Cazenove, a newspaper said. The bank is to pay about 535 pence a share for the 50-percent stake of Cazenove which it does not already own, the Financial Times said. Under the deal, Cazenove chairman David Mayhew would stay on and was likely to receive a windfall of more than 19 million pounds (21.2 million euros, 31.7 million dollars), the newspaper said, citing sources. British media reported earlier this week that JP Morgan was looking to take full control of Cazenove, which is broker ... Read Full Story

Here at Savings Accounts 411, we are still getting messages from people asking why the Washington Mutual home page has changed and what this means for their accounts and the bank. So we thought we should answer these WaMu home page questions here on the site. On September 25, 2008, the United States Office of Thrift Supervision (OTS) seized Washington Mutual Bank from Washington Mutual, Inc. (it’s corporate owner) and placed it into receivership status with the Federal Deposit Insurance Corporation (FDIC). This happened because deposits at the bank over ten days during the beginnings of the financial crisis totaled $16.4 billion, which was ... Read Full Story

By Gavin J. King Recent news posted stating that JP Morgan was hiring 1200 loan officers at locations all across the nation. In case you did not know who they are, they are the wall street bankers who acquired WAMU to get out from under several billion dollars worth of tax money they owe to the government. Sound familiar? I thought it might. Offsetting further tax liability, they also purchased Bear Stearns when their outlook began to sour and bankruptcy looked eminent for them. Bear Stearns was denied a bailout by former Goldman Sachs head Ben Bernanke, otherwise they may have received TARP money ... Read Full Story