Topic: Banking Services

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One World Trade Center and the four other tallest buildings in America

The new One World Trade Center tower is taking over as New York City’s tallest from the Empire State Building. But it’s not the country’s tallest. Here are the five tallest buildings in the country.
What does the JOBS Act actually do? Six questions answered.

A bipartisan bill known as the JOBS Act, for 'Jumpstart Our Business Startups,' is among the GOP's priorities in Congress. It is targeted at small-business owners, but what would the bill actually do?
Women's history month: 10 women making history today

March is known as Women's History month, meant to recognize the contributions and progress of women across history and around the world. Women today are playing some significant roles, from making peace to crafting economic policy in the midst of a crisis. Here are 10 women who are making history, today.
China 'buying out' Africa: Top 5 destinations of Chinese money

On a quest to secure raw materials and energy resources to support the exponential growth of its economy, China has become the fastest-growing investor in Africa. Here are the top five destinations of Chinese capital, in order of estimated Chinese investment.
Who is Spain's Judge Baltasar Garzón? Five key questions answered.

Spanish Judge Baltasar Garzón was found guilty today on charges of illegal wiretapping and abuse of power. Garzón is known as a “super judge” because of the high profile human rights cases he has overseen internationally.

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Is Canada about to face US-style housing meltdown?

Skyrocketing home prices in Canada, particularly in cities like Toronto, are fueling concerns that Canadians are overspending as they assume – as the US did – that real estate prices can only go up.
Robert Reich
Obama should attack what Bain and JPMorgan have in common

Rather than lobbing generalized  attacks at Mitt Romney and American business, Obama should attack a particular kind of capitalism that Romney and JPMorgan both practice: using other peoples’ money to make big bets which, if they go wrong, can wreak havoc on the economy.
Gordon Brown: Europe needs a global rescue

The G8 summit at Camp David failed to find a plan for economic growth in Europe and to deal with a euro crisis that goes beyond debt. It may seem strange to propose that the world’s second-richest continent needs a global rescue. But today’s European consumers are too fearful to spend.
Stocks climb, breaking losing streak

Apple stock soared, helping propel major US stock indexes to gains after a solid week of losses. The Dow Jones rose 135 points to close at 12504.
Chamber of Commerce president: don't overreact to JPMorgan losses

US Chamber of Commerce president Thomas Donohue, at a Monitor breakfast Monday, advised a wait-and-see approach after JPMorgan's $2 billion in trading losses.
As its banking woes mount, Spain ponders where to go from here

Its banks struggling, Spain has moved closer to needing a bailout. But some argue the takeover of Bankia and other measures could mark the beginning of movement toward greater stability.
Facebook to debut at $104 billion

The IPO will be one of the largest in history.
Robert Reich
Obama's disappointing response to JPMorgan Chase

Even if he didn't want to criticize Jamie Dimon, the president could have used the occasion of JPMorgan Chase's $2 billion trading loss to come out squarely in favor of tougher financial regulation. He didn't.
Key Republican lawmaker questions JP Morgan loss

The chairperson of the House Financial Services subcommittee, Shelley Moore Capito, discussed the loss during hearings.
JPMorgan Chase trading fiasco: What to do about big banks?

JPMorgan's loss of $2 billion shows that the forces that unleashed the recession remain partially untamed – and that Congress is still struggling to get a handle on the solution.
The Entrepreneurial Mind
How to find a small business-friendly bank

Using FDIC data, one online tool grades banks on their commitments to small business lending.
JP Morgan loss: Did US regulators know what CEO Jamie Dimon apparently didn't? (+video)

Federal regulators embedded at JP Morgan are supposed to get the reports that CEO Jamie Dimon gets. But in the case of JP Morgan's $2 billion loss, that might not have been much help.
Greece's economic woes may hurt US

Greece's problems and the larger European debt crisis may impact banks, the stock market, trade and even the 2012 election.
JPMorgan Chase: Loss to force three executives to resign?

JPMorgan Chase loss of $2 billion has caused Chief Investment Officer Drew to tender her resignation, a source says. Two of her subordinates involved in the JPMorgan Chase loss are also expected to resign.
Robert Reich
JPMorgan collapse: Can we regulate Wall Street now?

JPMorgan Chase & Co., the nation’s largest bank, announced Thursday that it had lost $2 billion in risky trades over the past six weeks. It adds fuel to the argument that Wall Street needs to be more heavily regulated.
The Daily Reckoning
Will taxing the rich really fix the economy?

The rich are roundly blamed for the country's economic woes. But the problems the economy faces run deeper than tax code matters.
What next for JPMorgan Chase and Jamie Dimon after $2 billion loss

The JPMorgan Chase $2 billion loss again shows why big banks pose a big risk – as seen in the admission of mismanagement by Jamie Dimon. The selfless purpose of a financial system in the economy must override the selfish risks of giantness in banks.
JP Morgan $2 billion loss stirs memories of 2008 crisis (+video)

JP Morgan CEO Jamie Dimon dubs losses 'egregious,' but market analysts expect that, this time, the damage would be contained and not spread to the entire financial system.
JPMorgan reveals huge $2 billion trading loss

JPMorgan stock drops nearly 7 percent in after-hours trading. JPMorgan CEO Dimon blames 'errors, sloppiness, and bad judgment.'
Greek political disarray, worries about Spain push euro to three-month low

Greece has still not formed a government, imperiling its bailout and increasing the chances of it being forced out of the eurozone.
The Simple Dollar
Buried in debt? How a credit union can help.

A credit union is a very useful tool for someone who is trying to get their debt load under control. Don’t neglect to use it.
One World Trade Center and the four other tallest buildings in America

The new One World Trade Center tower is taking over as New York City’s tallest from the Empire State Building. But it’s not the country’s tallest. Here are the five tallest buildings in the country.
Oil prices back up over $103 a barrel

Oil prices in Europe edged up in trading in anticipation of talks with Iran over its nuclear program. Oil prices peaked at $110 last month.
Germany tries to convince Swiss banks to play by its rules

Germany and Switzerland signed a treaty today in which Switzerland agreed to impose taxes on Germans' secret accounts in Swiss banks, but the deal still falls short of the transparency Germany wants.
Goldilocks banks: not too big, not too greedy

Britain launches the Big Society Bank to invest in social causes while China, Europe, and the US worry about big banks becoming big liabilities.