Topic: JPMorgan Chase & Co.
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Five ways to get the most from your credit card
Credit card companies are using incentives to keep customers using their plastic. Here are five incentives you can use to get the most out of your credit card:
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Three best ways (and three worst ways) to finance holiday shopping
Consumers tend to rack up a lot of credit card debt during the fourth quarter, largely due to holiday expenses. This year, by one estimate, the average holiday shopper is on track to spend around $800. For many, that means financing, which remains a double-edged sword despite historically low interest rates and an array of new consumer protections. It can either save you a lot of money in interest and fees or trip you up with caveats buried in fine print that drastically inflate your expenses. Here are three of the best and three of the worst financing offers for holiday shoppers in 2012:
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Five ways big banks' Libor scandal affects you
London, this year's host of the Olympics, is also home to a bank scandal that threatens to rock the financial world as much as the Games influence the world of sports. Here's why: Libor (London Interbank Offered Rate) is a global benchmark for interest rates that reaches deep into the international financial system. Allegations that banks rigged those rates means that everyone from mortgage-holders and indebted students to cities and mutual funds may have had their interest rates unnaturally altered. Already tainted by other scandals, banks are under investigation because of charges that they profited illegally from their rate-rigging scheme. The mess further taints big banks and puts more strain on the credibility of the global financial system. Here are five ways the Libor scandal could affect you:
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For these four nations, 2012 is worse than the Great Recession
The Great Recession of 2008/09 delivered the worst blow to the global economy since the 1930s. But in a few nations, 2012 is turning out to be worse than 2009 in terms of economic growth. Europe's debt crisis, the general slowing of the world economy, and domestic political troubles have played a role in undercutting 2012 growth for one or more of these four nations. Can you guess who they are?
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5 great travel rewards credit cards
Summer travel can be cheap with the help of credit card rewards. Here are five great credit card rewards programs to fit your vacationing style.
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Jamie Dimon: JPMorgan trading loss grew to $4.4B
Jamie Dimon, JPMorgan's CEO, said Friday that the bank's loss from a highly publicized trading blunder had grown to $4.4 billion, more than double the original estimate. Jamie Dimon faces further questioning from Wall Street analysts later Friday.
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Jamie Dimon: 4 questions for CEO as bank earnings loom
Jamie Dimon and JPMorgan Chase will be center stage as the bank reports its quarterly earnings Friday. Four questions for Jamie Dimon and JPMorgan's other top executives.
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Robert Reich Scandal of scandals: Barclays corruption probe digs up new dirt
When it comes to Wall Street, many of us suffer outrage fatigue and cynicism that nothing will ever be done to stop these abuses. The question is whether the unfolding Barclays scandal will provide enough energy to finally force a change.
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The Reformed Broker Down the rabbit hole: The Barclays scandal grows
The scandal at Barclays continues to grow as emails dating back to 2005 attest to a pattern of greed and corrupt business practices. What is not well known is what the final cost could be to the world's financial institutions, and these costs could be enormous.
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Weak retail sales figures push stocks lower
Stocks closed mostly lower Thursday after signs emerged that Americans are spending at a slower pace and that China's economy may be in worse shape than previously thought. The Dow Jones industrial average closed down 47 points at 12,896.
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Is Obama really losing the money battle? A fundraising Q&A.
President Obama is claiming that Mitt Romney and his allies could outspend him, but the truth (not surprisingly) is a little more complicated. Here is what's known about the money race.
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Robert Reich Mitt Romney, Bain Capital and the New Gilded Age
The system that made Mitt Romney's fortunes at Bain Capital is the same one largely responsible for the greatest concentration of the nation’s income and wealth at the very top since the Gilded Age of the nineteenth century.
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Readers Write: The dangers of big banks and second-hand marijuana smoke
Letters to the Editor for the weekly print issue of July 2, 2012: When power is concentrated – as in big banks like Jamie Dimon's JPMorgan Chase – expect some tyranny. Marijuana is an insidious drug, more harmful than many have been led to believe.
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World markets surge after Europe finds rescue plan
Financial markets around the world jumped higher Friday with the Dow Jones industrial average climbing 277 points, closing at 12,880, and the Standard & Poor's had its best day of the year. Stocks advanced even further in Europe.
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Weary investors sell stocks as Spain seeks help
Spain formally asked for help to rescue its ailing banks, but its request left many questions unanswered, including just how big a bailout it needs. Unsettled markets contributed to the Dow dropping 138 points to close at 12,502.
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5 great travel rewards credit cards
Summer travel can be cheap with the help of credit card rewards. Here are five great credit card rewards programs to fit your vacationing style.
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Moody's ratings cut for giant banks: a new weight on US economy
Moody's downgrade of the US banking system, following turmoil in Europe's banking sector, is a blow to reputation of banks but is not expected to tip the economy into recession.
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Bad reports give Dow its second-worst day of year
The Dow started sinking after the Fed's Philadelphia branch reported a manufacturing slowdown resulting from a steep drop in companies' orders. It only got worse, as the index ultimately lost 250 points to close at 12,573, a 2 percent drop.
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The Reformed Broker Bullheadedness on The Street: These guys just don't quit
It is not a sin to be wrong, the Reformed Broker tells us, we are all wrong from time to time. However, it is a sin to willfully ignore evidence and facts or to hunt down obscure data points in order to support an existing thesis.
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Robert Reich Dimon in the rough: Keeping regulators off of Wall Street
The main regulator of derivatives (bets on bets), wants to extend Dodd-Frank regulations to the foreign branches and subsidiaries of Wall Street banks. But JPMorgan CEO Jamie Dimon would greatly prefer this not happen.
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Dimon in the hot seat before Congress
The JPMorgan Chase CEO was in front of Congress for a second time; he is under fire for a $2 billion trading loss.
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The Vote 'Robin Hood tax': What is it and why does Occupy want it?
As Jamie Dimon testifies before Congress (again), Occupy protesters don pointy hats to promote the 'Robin Hood tax' on stock and bond transactions – an idea Washington opposes.
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Stocks jump nearly 100 points on hopes of Fed action
Optimistic traders turned their focus back to corporate news from the US as banks and materials stocks led the market higher.The Dow Jones industrial average soared 95 points to 12,837, its highest close in a month.
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JPMorgan Chase CEO: Shareholders had risk info
JPMorgan Chase CEO Jamie Dimon insisted his bank did its best to inform investors about its risk strategy preceding its $2 billion-plus trading loss. JPMorgan Chase used risk assessment models that provided the best information at the time, according to Dimon.
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Jamie Dimon fields Congress questions on $2B trading loss
Jamie Dimon, the embattled JPMorgan Chase CEO, returns to Congress Tuesday to face more questions about the $2 billion trading loss incurred by the bank. Jamie Dimon is testifying before the House Financial Services Committee.
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US stocks meander as European debt crisis festers
US indexes opened lower, then drifted between modest gains and losses. Homebuilders rallied after a measure of confidence rose to a five-year high. The Dow Jones industrial average closed down 25 points, to 12,741.
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US stocks end lower as Europe teeters
The Dow average shed 77 points to end at 12,496 after another day of volatile trading around the globe. The Dow had been down as much as 120 points and up as much as 24 points. This follows triple-digit gains on Tuesday and losses on Monday.
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What Jamie Dimon told Congress: four key points
Before the Senate Banking Committee, Jamie Dimon, JP Morgan's CEO, apologized again for the firm's $2 billion loss last month. Here are some nuggets from his two hours of testimony.
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The Lost Bank
Wall Street Journal reporter Kirsten Grind tells the arrogant, shocking, utterly mad story of the biggest bank failure in US history.
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The Monitor's View Lessons in risk for JPMorgan Chase chief
JPMorgan Chase bank chief Jamie Dimon explained his bank's $2 billion trading loss to Congress, revealing a lesson in not being complacent about risk management – a difficult task in a complex world of diffuse risks.
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