‘Too Big To Fail’ Firms May Be Broken Down To Smaller Size
A proposal by Rep. Paul E. Kanjorski (D-PA) was voted for 38 to 29 in legislation on Wednesday. It would allow regulators to break up big companies deemed ‘Too Big to Fail’ before their failure becomes imminent.
Chase Recruits Facebook Users to Help Give Away $5M in Charity Funds
Chase has $5 million to give away to charities and who does the bank tap to help decide which local charities get a share of the pie? Facebook users, that's who.
Top Banks to Opt Out of FDIC Extended Insurance
In a move primarily made to project financial stability to bank clients, the nation's top four banks have announced in separate statements that they have decided not to renew their participation in the FDIC's Transaction Account Guarantee (TAG) Program.
Bank of America Searches for New CEO – Is It Setting Its Sights on A New York HQ Too?
Despite the controversies surrounding the later part of his tenure as Bank of America CEO, Ken Lewis' shoes may still be a tad too difficult to fill. A number of potential candidates have been named but so far, no forerunners have been identified.
JP Morgan Chase Opens the Checkbook Back Up For Executives
Has it been long enough for banking executives that were denied their bonuses to learn their lesson? JP Morgan Chase seems to think so, as it has lifted the salary freeze it had placed on employees earning more than $60,000 a year during the height of the financial crisis last year.
Chase Hires 1,200 Loan Officers to Help Customers Finance Homes
Chase Bank is reinforcing its mortgage loan team by hiring an additional 1,200 loan officers in order to deal with the increased demand for home loans as more and more families face foreclosure and other housing loan problems.
A Boost to Business, the Economy: Chase to Increase Lending to Small Businesses in 2010
Chase has recently revealed plans to increase small business lending in 2010 by $4 billion. To handle the added business, the bank will be hiring some 325 additional bankers who will be based in Chase branches across 23 states.
Chase Blink $10 Promotion
If you are a Chase member and you find yourself constantly blinking, then signing up for this small promotion to earn $10 when you blink only makes sense.
WaMu Branches Successfully Integrated into Chase Banking System
On the conclusion of a 13 month long process, Chase has announced that it has completed the integration of 822 branches of Washington Mutual, the bank that it acquired last September, into its computer systems.
Treasury Secretary Geithner Expects More TARP Repayments Coming
As far as the federal government is concerned, propping up the country's big banks deemed "too big to fail" during the height of the financial crisis was a step in the right direction, one that has averted a more severe economic disaster
Merrill Lynch, Morgan Stanley Battle Independent Brokerages For Wealthy Investors
U.S. Bank Acquires FBOP Corporation’s 9 Failed Banking Subsidiaries
Assessing the Impact of the FDIC’s Temporary Liquidity Guarantee Program
FDIC Chairman Shelia Bair on The State of American Banking – Summary and Analysis
Citibank Credit Card Interest Skyrockets In Anticipation of Federal Regulation
Commerce Bank of Southwest Florida Fails, Becomes 123 Bank to Close in 2009
ING Direct Black Friday Special: Save ‘Til You Drop
Savers Left With Fewer Options as Hudson City Savings Lowers Top CD Rates
Wells Fargo Settles $1.4 Billion Lawsuit Regarding Auction-Rate Securities
‘Too Big To Fail’ Firms May Be Broken Down To Smaller Size
