After his own experience dealing with a mortgage mess, Nye Lavalle set out to learn all he could about the mortgage industry, traveling nationwide to dig into records. In 2003, he compiled a dossier of practices at Fannie Mae. In hindsight, the problems he found look like a blueprint of today's foreclosure crisis.
JPMorgan Chase has revealed that it lost $2 billion. The simplest solution, in the wake of this mess, is to once again separate commercial and investment banking, as was required by the Glass Steagall Act.
A recent J.D. Power and Associates study found the No. 1 reason consumers switched banks was because of fees. “When banks announce the implementation of new fees, public reaction can be quite volatile and result in customers voting with their feet,” said Michael Beird, director of the banking services [...]
p Feb 9 Bloomberg California and New York along withFlorida agreed to join more than 40 other states in anationwide settlement 16 months in the making that seeks to endabusive bank f
Career coaches say it was a mistake for Greg Smith to publicly criticize his boss, Lloyd Blankfein. When Greg Smith decided to write a scathing op ed piece that ran in the New York Times yesterday, blasting his employer, Goldman Sachs, for sacrificing its clients’ best interest in favor of maximum [...]