CEO Jamie Dimon

JAMIE DIMON: LUCKY OR GOOD? Last Man Standing: The Ascent of Jamie Dimon and JPMorgan Chase By Duff McDonald Simon & Schuster; 340pp.; $28 Few figures of today's financial world are more respected than Jamie Dimon, CEO of JPMorgan Chase. For a banker to emerge from the financial meltdown with mere flesh wounds might be accomplishment enough. But for Dimon--whose rise, fall, and rise again has been one of the most compelling stories on Wall Street for decades--the crisis proved he is much... Read Full Story

'The Largest Failure' J.P. Morgan Chase CEO Jamie Dimon on the lessons of Fan and Fred. 'Perhaps the largest regulatory failure of all time." That's how J.P. Morgan Chase CEO Jamie Dimon describes the "inadequate regulation of Fannie Mae and Freddie Mac" in his annual shareholder letter, released this week. Mr. Dimon devotes nearly a quarter of the 28-page letter to analyzing what caused the panic of 2008, and he hands out plenty of blame all around. But he calls it "amazing" that Fannie and... Read Full Story

One of the biggest mistakes you can make in a loan modification is to ignore the rules. Although your Law Firm does the negotiating, it helps a great deal if you do your homework and arm yourself with the right information. After all, youre dealing with lendersand at the end of the day, you still have to play by their rules. More: continued here Read Full Story

An emergency rescue of Bear Stearns Co Inc stunned the Wall Street bank's staff and pummeled financial stocks on Monday amid fears that few banks are safe from deepening financial market turmoil. Bear Stearns staff turning up for work found the value of their stock options in tatters and the future of their jobs up in the air. But the grim mood spread further than Wall Street's fifth biggest bank as shares in European banks including UBS in Switzerland, HBOS in Britain and SocGen in France... Read Full Story

Money Talks. Today it said “Goodbye” Erin go Braugh: Oh those Irish. Perhaps your image is of elves, or heavy drinkers of green beer, but the cabin crew hostesses aboard Ryan Air stand before you in their demure, button-up blue suits and high neck blouses. Oh, but mention the word “charity” and something other than the wheels begin to come off. The Girls from Ryanair Charity calendar changes the staid prim and proper seat belt chequers into bikini-clad trolley dollies. All proceeds from the... Read Full Story

BIRMINGHAM, Alabama (Reuters) - Alabama's Jefferson County sued JPMorgan Securities and JPMorgan Chase and Co on Friday, alleging fraud related to the accumulation of its massive sewer bond debt, a senior county official said. The county sued for compensatory and punitive damages over what it says were fraudulent transactions tied to interest rate and bond swaps earlier this decade as it sought to upgrade its sewer system. "We are suing for fraud because they conspired to profit with... Read Full Story

I don't know about you, but I'm getting a little desensitized with the latest "greatest financial collapse in history" headline. The collapse du jour is Washington Mutual, now taken over by JP Morgan Chase. So, Who's next? JP Morgan Chase? And how long is this going to last. At this rate we will have one Bank, one Airline and one Gasoline supplier - who knew the free market wanted LESS competition? < Read Full Story

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... Read Full Story

Detective Krum Banks Failing By: Detective Krum Recent scare tactics by corporate media, some members of Congress, the President, Wall Street insiders claim the recent vote in Congress to reject a bailout will be catastrophic. The question is, How do you define catastrophic? Well, they say, credit will tighten up, companies won’t be able to make payroll, investment portfolios will be cut in half, people will loose their jobs. Some have said their will be no loans. Call your bank and... Read Full Story

Well, it’s been an interesting week in the business world, and it’s only Wednesday morning.  Remember when Bear Stearn’s Chief Executive Alan Schwartz went on record last week to tell investors that his company was doing just fine despite the subprime mortgage mess?  Mere days later, we learned that Bear Stearn was being sold out to rival JP Morgan Chase, one of the few banks that seems to be coming out of the subprime mortgage market collapse in pretty good shape.  And not only is Bear... Read Full Story