With federal authorities cracking down on predatory debit cards and overdraft fees, consumer banks are "scrambling" to find new sources for revenue. The solution: $5 ATM fees, which allows them to rob non-customers, instead. Quoth the Wall Street Journal,
JPMorgan Chase CEO Jamie Dimon—who was once President Obama's favorite banker but is now a persona non grata at the White House—is selling his Chicago home. In it, we find oriental rugs, a mysterious portrait, and fake books.
So, which finance CEOs snagged invites to tomorrow's financial reform signing ceremony, with the despised Barack Obama? Most of them! Except JP Morgan's Jamie Dimon and Goldman's Lloyd Blankfein, the "cool ones." They'll be alright. [Photo: AP]
Fake preacher, former candidate for mayor, and colorful character Reverend Billy, was arrested yesterday for leaving a pile of dirt (which we once thought was poo) as a protest in the vestibule of a Chase Bank in the East Village.
The outrage beast is hungry, and ABC News is feeding it a new story: JPMorgan Chase officials are fighting hard to build a new, $18 million private-jet hangar in Westchester County.
Everyone wants a neat explanation of the panic that destroyed the economy and put the government in charge of Wall Street. Good luck with that! Here's a look back on the year money forgot.
Shares of San Francisco-based Visa jumped more than 30 percent today in the largest initial public offering in U.S. history. Visa issued 406 million shares at $44 each to raise almost $18 billion. More than half of the IPO take is going to its shareholder banks, which include Citigroup, Bank of America and JPMorgan…
Late Sunday night, JP Morgan Chase agreed to buy cash-strapped investment bank Bear Stearns for $2 a share, or $236 million. Last week, the company was valued at more than $14 billion. This is one of the swiftest corporate falls in history. But just how bad was it? Here's a list of things that cost more than the…
Despite having written about it a couple of weeks ago, we continue to receive emails about that self-described "articulate and classy" young woman who put her neck out there on Craigslist, flung caution and etiquette to the wind and flat-out asked if anyone could help her nab a guy with a salary of at least a…
